XML 105 R84.htm IDEA: XBRL DOCUMENT v3.25.1
Summary of Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Financial assets measured at fair value:        
Derivative assets $ 2,594 $ 13,696    
Financial liabilities measured at fair value:        
Derivative Liability, Statement Of Financial Position, Extensible Enumeration, Not Disclosed Flag Embedded debt derivative Embedded debt derivative    
Financial assets not measured at fair value:        
Cash and cash equivalents $ 112,907 $ 165,231 $ 417,064 $ 592,110
Restricted cash 99,695 146,079 141,962 $ 99,534
Accounts receivable, net 35,579 45,521    
Notes receivable, net, Carrying value 10,565 7,369    
Financial liabilities not measured at fair value:        
Debt associated with hotels in receivership 314,640 355,120    
Accounts payable and accrued expenses 137,506 129,323    
Accrued interest payable 10,212 12,985    
Accrued interest associated with hotels in receivership 52,031 14,024    
Dividends and distributions declared but not paid 3,952 3,566 $ 3,118  
Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable 25,635 13,261    
Related Party        
Financial liabilities not measured at fair value:        
Other accounts payable 2,850 5,874    
Nonrelated Party        
Financial assets not measured at fair value:        
Other receivables 21,206 21,664    
Financial liabilities not measured at fair value:        
Other accounts payable 1,145 1,193    
Carrying Value        
Financial assets measured at fair value:        
Derivative assets 2,594 13,696    
Financial liabilities measured at fair value:        
Derivative liabilities, Carrying value 29,099 23,696    
Financial assets not measured at fair value:        
Cash and cash equivalents 112,922 165,232    
Restricted cash 107,553 146,302    
Accounts receivable, net 36,231 45,692    
Notes receivable, net, Carrying value 10,565 7,369    
Financial liabilities not measured at fair value:        
Indebtedness, Carrying value 2,705,981 3,038,139    
Debt associated with hotels in receivership 314,640 355,120    
Accounts payable and accrued expenses 138,895 129,554    
Accrued interest payable 10,576 13,040    
Accrued interest associated with hotels in receivership 52,031 14,024    
Dividends and distributions declared but not paid 3,952 3,566    
Carrying Value | Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable 25,653 13,262    
Carrying Value | Related Party        
Financial liabilities not measured at fair value:        
Other accounts payable 2,850 5,874    
Carrying Value | Nonrelated Party        
Financial assets not measured at fair value:        
Other receivables 21,604 21,681    
Financial liabilities not measured at fair value:        
Other accounts payable 1,145 1,193    
Estimated Fair Value        
Financial assets measured at fair value:        
Derivative assets, Estimated fair value 2,594 13,696    
Financial liabilities measured at fair value:        
Derivative liabilities, Estimated fair value 29,099 23,696    
Financial assets not measured at fair value:        
Cash and cash equivalents, Estimated fair value 112,922 165,232    
Restricted cash, Estimated fair value 107,553 146,302    
Accounts receivable, Estimated fair value 36,231 45,692    
Notes receivable, net, Estimated fair value 10,565 7,369    
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value 2,695,013 2,960,630    
Debt associated with hotels in receivership, Estimated fair value 257,546 289,028    
Accounts payable and accrued expenses, Estimated fair value 138,895 129,554    
Accrued interest payable, Estimated fair value 10,576 13,040    
Accrued interest associated with hotels in receivership, Estimated fair value 52,031 14,024    
Dividends payable, Estimated fair value 3,952 3,566    
Estimated Fair Value | Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value 25,653 13,262    
Estimated Fair Value | Related Party        
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value 2,850 5,874    
Estimated Fair Value | Nonrelated Party        
Financial assets not measured at fair value:        
Other receivables, Estimated fair value 21,604 21,681    
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value $ 1,145 $ 1,193