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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income (loss) $ (55,802) $ (105,390)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 52,120 57,627
Amortization of intangibles 33 33
Recognition of deferred income (127) (125)
Bad debt expense 669 279
Deferred income tax expense (benefit) (67) (5)
Equity in (earnings) loss of unconsolidated entities 153 137
(Gain) loss on disposition of assets and hotel properties (103) 69
Realized and unrealized (gain) loss on derivatives (3,211) (919)
Amortization of loan costs, discounts and capitalized default interest and write-off of premiums, loan costs and exit fees 2,048 (6,068)
Equity-based compensation 1,908 1,944
Non-cash interest income (82) (223)
Paid-in kind interest expense 0 6,663
Changes in operating assets and liabilities, exclusive of the effect of dispositions of hotel properties:    
Accounts receivable and inventories (15,567) (11,593)
Prepaid expenses and other assets (5,304) 1,880
Operating lease right-of-use assets 187 126
Operating lease liabilities (121) (125)
Accounts payable and accrued expenses and accrued interest payable 3,126 (20,354)
Due to/from related parties (422) (2,376)
Due to/from third-party hotel managers 5,419 (2,212)
Due to/from Ashford Inc., net 690 (11,293)
Other liabilities (1) (1)
Net cash provided by (used in) operating activities (14,454) (91,926)
Cash Flows from Investing Activities    
Improvements and additions to hotel properties (22,668) (9,072)
Net proceeds from disposition of assets and hotel properties 357 7,291
Proceeds from property insurance 962 670
Proceeds from note receivable 4,000 0
Net cash provided by (used in) investing activities (17,349) (1,111)
Cash Flows from Financing Activities    
Borrowings on indebtedness, net of commitment fee 0 195,500
Repayments of indebtedness (4,664) (4,330)
Payments for loan costs and exit fees (146) (17,530)
Payments for dividends and distributions (3,104) 0
Payments for derivatives (856) (292)
Proceeds from common stock offerings 0 45,467
Common stock offering costs (167) 0
Net cash provided by (used in) financing activities (8,937) 218,815
Net increase (decrease) in cash, cash equivalents and restricted cash (40,740) 125,778
Cash, cash equivalents and restricted cash at beginning of period 691,644 167,313
Cash, cash equivalents and restricted cash and at end of period 650,904 293,091
Supplemental Cash Flow Information    
Interest paid 44,830 58,872
Income taxes paid (refunded) 41 (38)
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Accrued but unpaid capital expenditures 10,273 6,344
Accrued stock offering costs 28 155
Common stock purchases accrued but not paid 118 46
Non-cash loan principal associated with default interest and late charges 0 32,627
Non-cash extinguishment of preferred stock 0 103,188
Issuance of common stock from preferred stock exchanges 0 92,553
Debt discount associated with embedded debt derivative 0 43,681
Unsettled common stock offering proceeds 0 809
Dividends and distributions declared but not paid 3,103 236
Supplemental Disclosure of Cash, Cash Equivalents and Restricted Cash    
Cash and cash equivalents 548,592 225,357
Restricted cash 102,312 67,734
Cash, cash equivalents and restricted cash $ 650,904 $ 293,091