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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities      
Net income (loss) $ (141,058) $ (271,048) $ (633,222)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 201,797 218,851 252,765
Impairment charges 0 0 91,721
Amortization of intangibles 101 131 (307)
Recognition of deferred income (499) (498) (768)
Bad debt expense 3,338 2,110 1,810
Deferred income tax expense (benefit) (53) 113 (1,058)
Equity in (earnings) loss of unconsolidated entities 804 558 448
(Gain) loss on disposition of assets and hotel properties (300) (1,449) 36,680
(Gain) loss on extinguishment of debt 0 (11,896) (90,349)
Realized and unrealized (gain) loss on marketable securities 0 0 (801)
Purchases of marketable securities 0 0 (1,997)
Sales of marketable securities 0 0 17,389
Net settlement of trading derivatives 0 0 2,347
Realized and unrealized (gain) loss on derivatives (15,166) (14,474) (878)
Amortization of loan costs, discounts and capitalized default interest and write-off of premiums, loan costs and exit fees 10,075 (1,336) 10,229
Equity-based compensation 5,998 10,025 10,746
Amortization of parking asset 0 0 117
Non-cash interest income (380) (672) (854)
Changes in operating assets and liabilities, exclusive of the effect of the acquisition and disposition of hotel properties:      
Accounts receivable and inventories (16,207) (21,366) 15,738
Prepaid expenses and other assets (7,501) 4,203 1,079
Accounts payable and accrued expenses and accrued interest payable (4,656) (28,927) 143,241
Due to/from related parties 165 (944) (2,782)
Due to/from third-party hotel managers 4,549 (16,743) 3,763
Due to/from Ashford Inc., net (1,804) (10,818) 6,091
Operating lease liabilities (445) (203) (595)
Operating lease right-of-use assets 473 201 1,006
Other liabilities (7) (6) (11,090)
Net cash provided by (used in) operating activities 39,224 (144,188) (149,531)
Cash Flows from Investing Activities      
Improvements and additions to hotel properties (103,751) (36,742) (46,206)
Net proceeds from disposition of assets and hotel properties 34,988 9,013 38,763
Payments for initial franchise fees 0 (90) 0
Proceeds from property insurance 1,625 2,779 1,382
Investments in unconsolidated entities (9,127) (9,000) (430)
Proceeds from note receivable 4,000 0 0
Net cash acquired in acquisition of leasehold interest 1,931 0 0
Acquisition of hotel properties and assets, net of cash and restricted cash acquired 0 0 (1,113)
Net cash provided by (used in) investing activities (70,334) (34,040) (7,604)
Cash Flows from Financing Activities      
Borrowings on indebtedness, net of commitment fee 1,551 377,500 88,000
Repayments of indebtedness (50,902) (189,594) (137,849)
Payments for loan costs and exit fees (3,064) (27,768) (26,682)
Payments for dividends and distributions (12,418) (18,622) (28,619)
Purchases of common stock (316) (46) (399)
Payments for derivatives (40,119) (1,538) (83)
Proceeds from derivatives 2,911 0 0
Proceeds from common stock offerings 0 562,827 31,873
Proceeds from preferred stock offerings 1,122 0 0
Acquisition of noncontrolling interest in consolidated entities 0 (200) 0
Common stock offering costs (273) 0 0
Net cash provided by (used in) financing activities (101,508) 702,559 (73,759)
Net increase (decrease) in cash, cash equivalents and restricted cash (132,618) 524,331 (230,894)
Cash, cash equivalents and restricted cash at beginning of period 691,644 167,313 398,207
Cash, cash equivalents and restricted cash and at end of period 559,026 691,644 167,313
Supplemental Cash Flow Information      
Interest paid 218,019 219,624 91,372
Income taxes paid (refunded) 11,697 3,525 1,021
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Accrued but unpaid capital expenditures 13,341 11,396 12,640
Non-cash consideration from sale of hotel property 1,219 0 0
Accrued stock offering costs 0 108 0
Accrued preferred stock offering costs 21 0 0
Acquisition of finance lease asset and liability 18,847 0 0
Buyer assumption of debt in hotel disposition 0 0 108,750
Non-cash extinguishment of debt 0 9,604 179,030
Non-cash loan principal associated with default interest and late charges 0 33,245 47,453
Non-cash loan proceeds associated with accrued interest and legal fees 0 0 22,456
Non-cash extinguishment of preferred stock 0 208,606 179,061
Issuance of common stock from preferred stock exchanges 0 209,213 123,584
Debt discount associated with embedded debt derivative 0 43,680 0
Credit facility commitment fee 0 4,500 0
Non-cash preferred stock dividends 1 0 0
Unsettled proceeds from derivatives 1,474 0 0
Dividends and distributions declared but not paid 3,118 3,104 868
Supplemental Disclosure of Cash, Cash Equivalents and Restricted Cash      
Cash and cash equivalents 417,064 592,110 92,905
Restricted cash 141,962 99,534 74,408
Cash, cash equivalents and restricted cash $ 559,026 $ 691,644 $ 167,313