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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ (84,371) $ (214,700)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 152,444 166,291
Amortization of intangibles 78 98
Recognition of deferred income (374) (374)
Bad debt expense 2,456 1,491
Deferred income tax expense (benefit) 141 (113)
Equity in (earnings) loss of unconsolidated entities 451 423
(Gain) loss on disposition of assets and hotel properties (273) (395)
(Gain) loss on extinguishment of debt 0 (11,896)
Unrealized (gain) loss on derivatives (19,059) (3,712)
Amortization of loan costs, discounts and capitalized default interest and write-off of premiums, loan costs and exit fees 7,760 (12,132)
Equity-based compensation 5,324 7,539
Non-cash interest income (262) (591)
Paid-in kind interest expense 0 23,574
Changes in operating assets and liabilities, exclusive of the effect of dispositions of hotel properties:    
Accounts receivable and inventories (24,893) (20,199)
Prepaid expenses and other assets (7,257) (1,418)
Operating lease right-of-use assets 355 358
Operating lease liabilities (325) (361)
Accounts payable and accrued expenses and accrued interest payable 10,401 (21,496)
Due to/from related parties 148 (718)
Due to/from third-party hotel managers (942) (14,170)
Due to/from Ashford Inc., net (2,286) (11,024)
Other liabilities (6) (4)
Net cash provided by (used in) operating activities 39,510 (113,529)
Cash Flows from Investing Activities    
Improvements and additions to hotel properties (68,054) (19,018)
Net proceeds from disposition of assets and hotel properties 34,707 7,543
Proceeds from property insurance 1,009 2,000
Investments in unconsolidated entities 0 (250)
Proceeds from note receivable 4,000 0
Net cash provided by (used in) investing activities (28,338) (9,725)
Cash Flows from Financing Activities    
Borrowings on indebtedness, net of commitment fee 1,552 293,500
Repayments of indebtedness (49,326) (106,690)
Payments for loan costs and exit fees (2,298) (20,494)
Payments for dividends and distributions (9,312) 0
Purchases of common stock (316) (46)
Payments for derivatives (5,255) (824)
Proceeds from common stock offerings 0 548,441
Common stock offering costs (273) 0
Net cash provided by (used in) financing activities (65,228) 713,887
Net increase (decrease) in cash, cash equivalents and restricted cash (54,056) 590,633
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 637,588 757,946
Supplemental Cash Flow Information    
Interest paid 153,155 153,873
Income taxes paid (refunded) 7,419 2,602
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Accrued but unpaid capital expenditures 14,996 4,700
Non-cash consideration from sale of hotel property 1,219 0
Accrued stock offering costs 0 160
Non-cash extinguishment of debt 0 9,604
Non-cash loan principal associated with default interest and late charges 0 32,626
Non-cash extinguishment of preferred stock 0 197,093
Issuance of common stock from preferred stock exchanges 0 196,134
Debt discount associated with embedded debt derivative 0 43,680
Credit facility commitment fee 0 4,500
Dividends and distributions declared but not paid 3,103 236
Supplemental Disclosure of Cash, Cash Equivalents and Restricted Cash    
Cash and cash equivalents 505,533 672,961
Restricted cash 132,055 84,985
Cash, cash equivalents and restricted cash $ 637,588 $ 757,946