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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investment in hotel properties, gross $ 3,207,483 $ 3,350,086
Accumulated depreciation (1,012,304) (1,030,879)
Investment in hotel properties, net 2,195,179 2,319,207
Cash and cash equivalents 81,903 112,907
Restricted cash 164,219 99,695
Accounts receivable, net 42,100 35,579
Allowance for doubtful accounts receivable 789 435
Inventories 3,747 3,631
Deferred costs 1,669 1,788
Other assets 27,367 39,144
Indebtedness, net 2,610,256 2,629,289
Accounts payable and accrued expenses 146,617 137,506
Accrued interest payable 13,600 10,212
Dividends and distributions declared but not paid 4,220 3,952
Other liabilities $ 38,055 $ 34,011
Preferred stock, par value (in dollars per shares) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 55,000,000 55,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 395,000,000 395,000,000
Common stock, shares issued (in shares) 6,186,482 5,636,595
Common stock, shares outstanding (in shares) 6,186,482 5,636,595
Ashford, Inc.    
Other accounts payable $ 16,080 $ 25,635
Related Party    
Other accounts payable 7,177 2,850
Nonrelated Party    
Other receivables 26,920 21,206
Other accounts payable $ 1,042 $ 1,145
Preferred Stock, Series J    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 7,672,142 6,799,638
Redeemable Preferred Stock, shares outstanding (in shares) 7,672,142 6,799,638
Preferred Stock, Series K    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 737,805 601,175
Redeemable Preferred Stock, shares outstanding (in shares) 737,805 601,175
Preferred Stock, Series L    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01  
Redeemable Preferred Stock, shares issued (in shares) 195,976  
Redeemable Preferred Stock, shares outstanding (in shares) 195,976  
Preferred Stock, Series M    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01  
Redeemable Preferred Stock, shares issued (in shares) 433,601  
Redeemable Preferred Stock, shares outstanding (in shares) 433,601  
Preferred Stock, Series D    
Preferred stock, shares issued (in shares) 1,111,127  
Preferred stock, shares outstanding (in shares) 1,111,127  
Preferred Stock, Series F    
Preferred stock, shares issued (in shares) 1,037,044  
Preferred stock, shares outstanding (in shares) 1,037,044  
Preferred Stock, Series G    
Preferred stock, shares issued (in shares) 1,470,948  
Preferred stock, shares outstanding (in shares) 1,470,948  
Preferred Stock, Series H    
Preferred stock, shares issued (in shares) 1,037,956  
Preferred stock, shares outstanding (in shares) 1,037,956  
Preferred Stock, Series I    
Preferred stock, shares issued (in shares) 1,034,303  
Preferred stock, shares outstanding (in shares) 1,034,303  
Variable Interest Entity, Primary Beneficiary    
Investment in hotel properties, gross $ 82,787 $ 159,378
Accumulated depreciation (4,522) (30,365)
Investment in hotel properties, net 78,265 129,012
Cash and cash equivalents 634 7,286
Restricted cash 4,677 3,430
Accounts receivable, net 188 614
Inventories 43 57
Deferred costs 81 181
Other assets 62 3,090
Indebtedness, net 16,007 65,548
Accounts payable and accrued expenses 16,042 19,963
Accrued interest payable 147 230
Dividends and distributions declared but not paid 0 1
Other liabilities 28,870 28,784
Variable Interest Entity, Primary Beneficiary | Ashford, Inc.    
Other accounts payable 0 5,997
Variable Interest Entity, Primary Beneficiary | Related Party    
Other accounts payable 3,598 113
Variable Interest Entity, Primary Beneficiary | Nonrelated Party    
Other accounts payable $ 0 $ 22