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Investment in Unconsolidated Entity (Tables)
 12 Months Ended
Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]  
Summarized financial information
The following tables summarize the condensed balance sheet as of December 31, 2015, and the condensed statements of operations for the four months ended April 30, 2016 and year ended December 31, 2015, of the AQUA U.S. Fund (in thousands):
Ashford Quantitative Alternative (U.S.) Fund, LP
Condensed Balance Sheet
 
 
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


Ashford Quantitative Alternative (U.S.) Fund, LP
Condensed Statements of Operations
 
 
Four Months Ended
 
Year Ended
 
 
April 30, 2016
 
December 31, 2015
Total investment income
 
$
21

 
$
1,266

Net expenses
 
(208
)
 
(273
)
Net investment income (loss)
 
(187
)

993

Net unrealized gain (loss) on investments
 
2,249

 
(2,308
)
Net realized gain (loss) on investments
 
(7,777
)
 
(5,103
)
Net gain (loss) attributable to the AQUA U.S. Fund
 
$
(5,715
)
 
$
(6,418
)
Our equity in earnings (loss) of the AQUA U.S. Fund
 
$
(2,587
)
 
$
(2,927
)
The following tables summarize the condensed balance sheets as of December 31, 2016 and 2015, and the condensed statements of operations for the years ended December 31, 2016 and 2015, of Ashford Inc. (in thousands):
Ashford Inc.
Condensed Consolidated Balance Sheets
 
 
December 31, 2016
 
December 31, 2015
Total assets
 
$
129,797

 
$
166,991

Total liabilities
 
38,168

 
30,115

Redeemable noncontrolling interests
 
1,480

 
240

Total stockholders’ equity of Ashford Inc.
 
37,377

 
32,165

Noncontrolling interests in consolidated entities
 
52,772

 
104,471

Total equity
 
90,149

 
136,636

Total liabilities and equity
 
$
129,797

 
$
166,991

Our investment in Ashford Inc., at fair value
 
$
8,407

 
$
10,377

Ashford Inc.
Condensed Consolidated Statements of Operations
 
 
Year Ended December 31,
 
 
2016
 
2015
Total revenue
 
$
67,607

 
$
58,981

Total operating expenses
 
(70,064
)
 
(60,332
)
Operating loss
 
(2,457
)
 
(1,351
)
Realized and unrealized gain (loss) on investment in unconsolidated entity
 
(1,460
)
 
(2,141
)
Realized and unrealized gain (loss) on investments
 
(7,787
)
 
(7,600
)
Other
 
81

 
1,114

Income tax (expense) benefit
 
(780
)
 
(2,066
)
Net income (loss)
 
(12,403
)
 
(12,044
)
(Income) loss from consolidated entities attributable to noncontrolling interests
 
8,860

 
10,852

Net (income) loss attributable to redeemable noncontrolling interests
 
1,147

 
2

Net gain (loss) attributable to Ashford Inc.
 
$
(2,396
)
 
$
(1,190
)
Our unrealized gain (loss) on investment in Ashford Inc.
 
$
(1,970
)
 
$
(7,609
)