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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net loss $ (139) $ (425)
Adjustments to reconcile net loss to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 11,904 10,517
Equity-based compensation (613) 469
Bad debt expense 61 0
Amortization of loan costs 881 692
Write-off of loan costs and exit fees 0 54
Amortization of intangibles 5 (53)
Realized and unrealized gain on marketable securities 0 (1,317)
Unrealized loss on investment in Ashford Inc. 1,493 0
Purchases of trading securities 0 (77,264)
Sales of trading securities 0 27,119
Unrealized (gain) loss on derivatives (3,533) 32
Equity in loss of unconsolidated entity 2,650 0
Deferred tax expense 53 0
Payments for derivatives (114) 0
Changes in operating assets and liabilities:    
Restricted cash (1,546) 1,097
Accounts receivable and inventories (1,849) (1,147)
Prepaid expenses and other assets (2,952) (2,132)
Accounts payable and accrued expenses 8,103 4,156
Due to/from related party, net (290) (201)
Due to/from third-party hotel managers (1,874) (660)
Due to/from Ashford Trust OP, net (515) (561)
Due to Ashford Inc. (1,186) 273
Other liabilities 58 (22)
Net cash provided by (used in) operating activities 10,597 (39,373)
Cash Flows from Investing Activities    
Proceeds from property insurance 673 4
Change in restricted cash related to improvements and additions to hotel properties (1,693) 1,092
Improvements and additions to hotel properties (3,357) (4,596)
Net cash used in investing activities (4,377) (3,500)
Cash Flows from Financing Activities    
Borrowings on indebtedness 0 70,000
Repayments of indebtedness (2,143) (70,889)
Payments of loan costs and exit fees (15) (1,067)
Payments for derivatives (4) (8)
Repurchase of common stock 0 (8,770)
Payments for dividends and distributions (3,405) (1,674)
Preferred stock offering expenses (54) 0
Redemption of operating partnership units 0 (4,017)
Distributions to a noncontrolling interest in a consolidated entity (3,766) (2,938)
Other 19 0
Net cash used in financing activities (9,368) (19,363)
Net change in cash and cash equivalents (3,148) (62,236)
Cash and cash equivalents at beginning of period 105,039 171,439
Cash and cash equivalents at end of period 101,891 109,203
Supplemental Cash Flow Information    
Interest paid 9,682 8,466
Income taxes paid 144 226
Supplemental Disclosure of Non Cash Investing and Financing Activities    
Dividends and distributions declared but not paid 4,325 1,638
Capital expenditures accrued but not paid 479 538
Common stock repurchase accrued but not paid $ 103 $ 0