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Summary of Fair Value of Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Investments, All Other Investments [Abstract]  
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments Carrying amounts and estimated fair values of financial instruments, for periods indicated, were as follows (in thousands):
December 31, 2022December 31, 2021
Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair Value
Financial assets measured at fair value:
Derivative assets$47,182 $47,182 $501 $501 
Financial liabilities measured at fair value:
Embedded debt derivative$23,687 $23,687 $27,906 $27,906 
Financial assets not measured at fair value:
Cash and cash equivalents$417,064 $417,064 $592,110 $592,110 
Restricted cash141,962 141,962 99,534 99,534 
Accounts receivable, net49,809 49,809 37,720 37,720 
Notes receivable, net5,062 
4,809 to 5,315
8,723 
8,287 to 9,159
Due from Ashford Inc., net486 486 25 25 
Due from related parties, net6,570 6,570 7,473 7,473 
Due from third-party hotel managers22,462 22,462 26,896 26,896 
Financial liabilities not measured at fair value:
Indebtedness $3,815,023 
$3,500,635 to $3,869,122
$3,851,845 
$3,407,210 to $3,765,858
Accounts payable and accrued expenses115,970 115,970 117,650 117,650 
Accrued interest payable 15,287 15,287 15,432 15,432 
Dividends and distributions payable3,118 3,118 3,104 3,104 
Due to related parties, net— — 728 728 
Due to third-party hotel managers1,319 1,319 1,204 1,204