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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income (loss) $ (180,734) $ (141,058) $ (271,048)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 187,807 201,797 218,851
Amortization of intangibles (95) 101 131
Recognition of deferred income (820) (499) (498)
Bad debt expense 3,602 3,338 2,110
Deferred income tax expense (benefit) (28) (53) 113
Equity in (earnings) loss of unconsolidated entities 1,134 804 558
(Gain) loss on consolidation of VIE and disposition of assets (11,488) (300) (1,449)
(Gain) loss on extinguishment of debt (53,386) 0 (11,896)
Realized and unrealized (gain) loss on derivatives 2,200 (15,166) (14,474)
Amortization of loan costs, discounts and capitalized default interest and write-off of premiums, loan costs and exit fees 28,203 10,075 (1,336)
Amortization of deferred franchise fees 34 0 0
Write-off of deferred franchise fees 20 0 0
Equity-based compensation 4,027 5,998 10,025
Non-cash interest income (821) (380) (672)
Changes in operating assets and liabilities, exclusive of the effect of the acquisition and disposition of hotel properties and the impact of consolidation of VIEs:      
Accounts receivable and inventories (7,330) (16,207) (21,366)
Prepaid expenses and other assets (1,648) (7,501) 4,203
Accounts payable and accrued expenses and accrued interest payable 18,379 (4,656) (28,927)
Due to/from related parties 11,241 165 (944)
Due to/from third-party hotel managers (789) 4,549 (16,743)
Due to/from Ashford Inc., net 14,896 (1,804) (10,818)
Operating lease liabilities 104 (445) (203)
Operating lease right-of-use assets (111) 473 201
Other liabilities (7) (7) (6)
Net cash provided by (used in) operating activities 14,390 39,224 (144,188)
Cash Flows from Investing Activities      
Improvements and additions to hotel properties (137,428) (103,751) (36,742)
Net proceeds from disposition of assets and hotel properties 29,214 34,988 9,013
Payments for initial franchise fees (599) 0 (90)
Proceeds from notes receivable 5,250 4,000 0
Issuance of note receivable (6,868) 0 0
Proceeds from property insurance 2,478 1,625 2,779
Investment in unconsolidated entities 0 (9,127) (9,000)
Net cash acquired in acquisition of leasehold interest 0 1,931 0
Restricted cash received from initial consolidation of VIE 18,201 0 0
Net cash provided by (used in) investing activities (89,752) (70,334) (34,040)
Cash Flows from Financing Activities      
Borrowings on indebtedness 134,802 1,551 377,500
Repayments of indebtedness (396,947) (50,902) (189,594)
Payments for loan costs and exit fees (13,220) (3,064) (27,768)
Payments for dividends and distributions (14,943) (12,418) (18,622)
Purchases of common stock (90) (316) (46)
Redemption of preferred stock (78) 0 0
Payments for derivatives (28,256) (40,119) (1,538)
Proceeds from derivatives 59,351 2,911 0
Proceeds from common stock offerings 1,031 0 562,827
Proceeds from preferred stock offerings 79,564 1,122 0
Common stock offering costs 0 (273) 0
Acquisition of noncontrolling interest in consolidated entities 0 0 (200)
Payments on finance lease liabilities (249) 0 0
Contributions from noncontrolling interest in consolidated entities 6,905 0 0
Net cash provided by (used in) financing activities (172,130) (101,508) 702,559
Net increase (decrease) in cash, cash equivalents and restricted cash (247,492) (132,618) 524,331
Cash, cash equivalents and restricted cash at beginning of period 559,026 691,644 167,313
Cash, cash equivalents and restricted cash at end of period (including cash, cash equivalents and restricted cash held for sale) 311,534 559,026 691,644
Supplemental Cash Flow Information      
Interest paid 325,420 218,019 219,624
Income taxes paid (refunded) (2,644) 11,697 3,525
Supplemental Disclosure of Non-Cash Investing and Financing Activities      
Accrued but unpaid capital expenditures 22,460 13,341 11,396
Non-cash consideration from sale of hotel property 0 1,219 0
Accrued common stock offering costs 120 0 108
Accrued preferred stock offering costs 0 21 0
Acquisition of finance lease asset and liability 0 18,847 0
Non-cash extinguishment of debt 154,192 0 9,604
Non-cash loan principal associated with default interest and late charges 0 0 33,245
Non-cash extinguishment of preferred stock 7,724 0 208,606
Issuance of common stock from preferred stock exchanges 4,334 0 209,213
Debt discount associated with embedded debt derivative 0 0 43,680
Credit facility commitment fee 0 0 4,500
Non-cash preferred stock dividends 387 1 0
Unsettled proceeds from derivatives 1,674 1,474 0
Dividends and distributions declared but not paid 3,566 3,118 3,104
Assumption of debt from consolidation of VIE 35,052 0 0
Assumption of other finance liability from consolidation of VIE 26,729 0 0
Acquisition of hotel property from consolidation of VIE 61,100 0 0
Non-cash distributions to non-controlling interest 588 0 0
Supplemental Disclosure of Cash, Cash Equivalents and Restricted Cash      
Cash and cash equivalents 165,231 417,064 592,110
Restricted cash 146,079 141,962 99,534
Cash, cash equivalents and restricted cash 311,310 559,026 691,644
Cash and cash equivalents at end of period included in assets held for sale 1 0 0
Restricted cash at end of period included in assets held for sale 223 0 0
Cash, cash equivalents and restricted cash at end of period (including cash, cash equivalents and restricted cash held for sale) $ 311,534 $ 559,026 $ 691,644