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Dispositions, Impairment Charges and Assets Held For Sale (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Hotel Dispositions and Assets Held for Sale The following table includes condensed financial information from the Company’s dispositions (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Total hotel revenue
$— $18,285 $159 $54,671 
Total hotel operating expenses— (11,755)(363)(38,798)
Property taxes, insurance and other— (1,196)180 (4,167)
Depreciation and amortization— (1,261)— (5,482)
Total operating expenses— (14,212)(183)(48,447)
Gain (loss) on consolidation of VIE and disposition of assets and hotel properties— 87,441 31,868 94,397 
Gain (loss) on derecognition of assets
— 11,725 10,046 145,634 
Operating income (loss)— 103,239 41,890 246,255 
Interest income— 65 — 166 
Interest expense and amortization of discounts and loan costs— (3,989)(126)(10,298)
Interest expense associated with hotels in receivership
— (11,944)(10,046)(24,042)
Write-off of premiums, loan costs and exit fees— (850)— (838)
Gain (loss) on extinguishment of debt— — — 45 
Income (loss) before income taxes— 86,521 31,718 211,288 
(Income) loss before income taxes attributable to redeemable noncontrolling interests in operating partnership— (1,090)(507)(2,651)
Net income (loss) attributable to the Company$— $85,431 $31,211 $208,637 
The major classes of assets and liabilities related to assets held for sale included in the consolidated balance sheet were as follows:
June 30, 2025
Assets
Investments in hotel properties, gross
$26,267 
Accumulated depreciation
(9,871)
Investments in hotel properties, net16,396 
Cash and cash equivalents1,310 
Restricted cash710 
Accounts receivable, net296 
Inventories49 
Deferred costs, net8 
Other assets135 
Assets held for sale$18,904 
Liabilities
Indebtedness, net$27,234 
Accounts payable and accrued expenses1,499 
Accrued interest229 
Due to related parties, net 127 
Due to Ashford Inc., net64 
Liabilities related to assets held for sale$29,153