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Investment in Unconsolidated Entity (Tables)
 9 Months Ended
Sep. 30, 2016
AQUA U.S. Fund [Member]  
Schedule of Equity Method Investments [Line Items]  
Condensed Balance Sheet
The following tables summarize the condensed balance sheet as of December 31, 2015 and the condensed statements of operations for the three and nine months ended September 30, 2016 and 2015 of the AQUA U.S. Fund (in thousands):
Ashford Quantitative Alternative (U.S.) Fund, LP
Condensed Balance Sheet
(unaudited)
 
 
December 31, 2015
Total assets
 
$
106,792

Partners’ capital
 
106,792

Total liabilities and partners’ capital
 
$
106,792

Our ownership interest in the AQUA U.S. Fund
 
$
48,365
Condensed Income Statement
Ashford Quantitative Alternative (U.S.) Fund, LP
Condensed Statements of Operations
(unaudited)
 
 
Six Months Ended
June 30, 2016
 
Three Months Ended September 30, 2015
 
Nine Months Ended September 30, 2015
 
 
 
 
Total investment income
 
$
52

 
$
508

 
$
732

Net expenses
 
(262
)
 
(205
)
 
(235
)
Net investment income (loss)
 
(210
)
 
303


497

Net unrealized gain (loss) on investments
 
940

 
(7,839
)
 
(10,829
)
Net realized gain (loss) on investments
 
(6,331
)
 
29

 
1,064

Net loss attributable to the AQUA U.S. Fund
 
$
(5,601
)
 
$
(7,507
)
 
$
(9,268
)
Our equity in loss of the AQUA U.S. Fund
 
$
(2,587
)
 
$
(3,399
)
 
$
(4,219
)
Ashford Inc. [Member]  
Schedule of Equity Method Investments [Line Items]  
Condensed Balance Sheet
Ashford Inc.
Condensed Consolidated Balance Sheets
(unaudited)
 
 
September 30, 2016
 
December 31, 2015
Total assets
 
$
125,957

 
$
166,991

Total liabilities
 
35,648

 
30,115

Redeemable noncontrolling interests
 
1,386

 
240

Total stockholders’ equity of Ashford Inc.
 
34,346

 
32,165

Noncontrolling interests in consolidated entities
 
54,577

 
104,471

Total equity
 
88,923

 
136,636

Total liabilities and equity
 
$
125,957

 
$
166,991

Our investment in Ashford Inc., at fair value
 
$
9,286

 
$
10,377
Condensed Income Statement
Ashford Inc.
Condensed Consolidated Statements of Operations
(unaudited)
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Total revenue
 
$
16,538

 
$
14,496

 
$
48,099

 
$
42,103

Total operating expenses
 
(16,673
)
 
(13,219
)
 
(50,938
)
 
(45,600
)
Operating income (loss)
 
(135
)
 
1,277

 
(2,839
)
 
(3,497
)
Realized and unrealized loss on investment in unconsolidated entity
 
—

 
(1,954
)
 
(1,460
)
 
(3,020
)
Realized and unrealized loss on investments
 
(441
)
 
(7,826
)
 
(5,889
)
 
(9,781
)
Other
 
59

 
385

 
(21
)
 
599

Income tax expense
 
(575
)
 
(1,036
)
 
(560
)
 
(1,500
)
Net loss
 
(1,092
)
 
(9,154
)
 
(10,769
)
 
(17,199
)
Loss from consolidated entities attributable to noncontrolling interests
 
486

 
9,208

 
6,852

 
13,323

Net loss attributable to redeemable noncontrolling interests
 
321

 
—

 
794

 
10

Net income (loss) attributable to Ashford Inc.
 
$
(285
)
 
$
54

 
$
(3,123
)
 
$
(3,866
)
Our unrealized loss on investment in Ashford Inc.
 
$
(458
)
 
$
(5,621
)
 
$
(1,091
)
 
$
(5,621
)