XML 74 R62.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
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Financial assets measured at fair value:        
Derivative assets $ 3,313   $ 2,594  
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 $ 85,787 $ 111,065 112,907 $ 165,231
Restricted cash 139,190 132,949 99,695 $ 146,079
Accounts receivable, net 48,020   35,579  
Notes receivable, net, Carrying value 10,958   10,565  
Financial liabilities not measured at fair value:        
Debt associated with hotels in receivership 314,640   314,640  
Accounts payable and accrued expenses 129,185   137,506  
Accrued interest payable 17,658   10,212  
Accrued interest associated with hotels in receivership 62,077   52,031  
Dividends and distributions declared but not paid 4,125 $ 3,651 3,952  
Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable 17,600   25,635  
Related Party        
Financial liabilities not measured at fair value:        
Other accounts payable 4,532   2,850  
Nonrelated Party        
Financial assets not measured at fair value:        
Other receivables 22,125   21,206  
Financial liabilities not measured at fair value:        
Other accounts payable 1,421   1,145  
Carrying Value        
Financial assets measured at fair value:        
Derivative assets 3,313   2,594  
Financial liabilities measured at fair value:        
Derivative liabilities, Carrying value 0   29,099  
Financial assets not measured at fair value:        
Cash and cash equivalents 85,787   112,922  
Restricted cash 139,190   107,553  
Accounts receivable, net 48,020   36,231  
Notes receivable, net, Carrying value 10,958   10,565  
Financial liabilities not measured at fair value:        
Indebtedness, Carrying value 2,684,026   2,705,981  
Debt associated with hotels in receivership 314,640   314,640  
Accounts payable and accrued expenses 129,185   138,895  
Accrued interest payable 17,658   10,576  
Accrued interest associated with hotels in receivership 62,077   52,031  
Dividends and distributions declared but not paid 4,125   3,952  
Carrying Value | Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable 17,600   25,653  
Carrying Value | Related Party        
Financial liabilities not measured at fair value:        
Other accounts payable 4,532   2,850  
Carrying Value | Nonrelated Party        
Financial assets not measured at fair value:        
Other receivables 22,125   21,604  
Financial liabilities not measured at fair value:        
Other accounts payable 1,421   1,145  
Estimated Fair Value        
Financial assets measured at fair value:        
Derivative assets, Estimated fair value 3,313   2,594  
Financial liabilities measured at fair value:        
Derivative liabilities, Estimated fair value 0   29,099  
Financial assets not measured at fair value:        
Cash and cash equivalents, Estimated fair value 85,787   112,922  
Restricted cash, Estimated fair value 139,190   107,553  
Accounts receivable, Estimated fair value 48,020   36,231  
Notes receivable, net, Estimated fair value 10,958   10,565  
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value 2,684,697   2,695,013  
Debt associated with hotels in receivership, Estimated fair value 257,546   257,546  
Accounts payable and accrued expenses, Estimated fair value 129,185   138,895  
Accrued interest payable, Estimated fair value 17,658   10,576  
Accrued interest associated with hotels in receivership, Estimated fair value 62,077   52,031  
Dividends payable, Estimated fair value 4,125   3,952  
Estimated Fair Value | Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value 17,600   25,653  
Estimated Fair Value | Related Party        
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value 4,532   2,850  
Estimated Fair Value | Nonrelated Party        
Financial assets not measured at fair value:        
Other receivables, Estimated fair value 22,125   21,604  
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value $ 1,421   $ 1,145