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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES          
NET INCOME (LOSS) $ (217,000) $ 21,322,000 $ (120,000) $ 23,475,000  
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:          
Depreciation and amortization 14,133,000 11,175,000 39,573,000 34,342,000  
Equity-based compensation     (1,992,000) 3,539,000  
Bad debt expense     172,000 156,000  
Amortization of loan costs     3,754,000 2,406,000  
Write-off of loan costs and exit fees 380,000 2,595,000 2,343,000 2,595,000  
Amortization of intangibles     136,000 71,000  
(Gain) loss on sale of hotel property     0 (27,150,000)  
Impairment charges 1,008,000 0 1,008,000 0  
Unrealized (gain) loss on investment in Ashford Inc. (1,875,000) 458,000 (3,403,000) 1,091,000  
Realized and unrealized (gain) loss on derivatives     1,800,000 (2,140,000)  
Net settlement of trading derivatives     (1,062,000) 0  
Equity in (earnings) loss of unconsolidated entity 0 0 0 2,587,000  
Deferred tax expense (benefit)     119,000 357,000  
Payments for derivatives     0 (114,000)  
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:          
Accounts receivable and inventories     260,000 (4,082,000)  
Insurance receivable     (276,000) 0  
Prepaid expenses and other assets     (758,000) (1,346,000)  
Accounts payable and accrued expenses     5,100,000 7,928,000  
Due to/from related party, net     (255,000) (104,000)  
Due to/from affiliate, net     (2,500,000) 0  
Due to/from third-party hotel managers     5,798,000 4,027,000  
Other liabilities     144,000 173,000  
Net cash provided by (used in) operating activities     46,624,000 46,917,000  
CASH FLOWS FROM INVESTING ACTIVITIES          
Acquisition of hotel properties, net of cash and restricted cash acquired     (243,693,000) 0  
Proceeds from liquidation of AQUA U.S. Fund     2,289,000 43,489,000  
Net proceeds from sales of hotel property     0 82,732,000  
Improvements and additions to hotel properties     (32,744,000) (16,615,000)  
Net cash provided by (used in) investing activities     (274,148,000) 109,606,000  
CASH FLOWS FROM FINANCING ACTIVITIES          
Borrowings on indebtedness     523,500,000 0  
Repayments of indebtedness     (376,385,000) (71,283,000)  
Payments of loan costs and exit fees     (10,733,000) (2,664,000)  
Payments for derivatives     (347,000) (5,000)  
Purchase of common stock     (195,000) (39,224,000)  
Payments for dividends and distributions     (19,579,000) (12,284,000)  
Issuance of preferred stock     40,163,000 4,233,000  
Issuance of common stock     66,442,000 0  
Distributions to a noncontrolling interest in a consolidated entity     (1,628,000) (3,766,000)  
Other     21,000 19,000  
Net cash provided by (used in) financing activities     221,259,000 (124,974,000)  
Net change in cash, cash equivalents and restricted cash     (6,265,000) 31,549,000  
Cash, cash equivalents and restricted cash at beginning of period     164,645,000 138,174,000 $ 138,174,000
Cash, cash equivalents and restricted cash at end of period 158,380,000 169,723,000 158,380,000 169,723,000 164,645,000
SUPPLEMENTAL CASH FLOW INFORMATION          
Interest paid     26,385,000 29,039,000  
Income taxes paid     1,025,000 379,000  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES          
Dividends and distributions declared but not paid       4,876,000  
Capital expenditures accrued but not paid     2,721,000 1,181,000  
Receivable related to liquidation of AQUA U.S. Fund     0 2,289,000  
Accrued preferred stock offering expenses     0 479,000  
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH          
Cash and cash equivalents at beginning of period     126,790,000 105,039,000 105,039,000
Restricted cash at beginning of period     37,855,000 33,135,000 33,135,000
Cash, cash equivalents and restricted cash at beginning of period 158,380,000 169,723,000 164,645,000 138,174,000 138,174,000
Cash and cash equivalents at end of period 126,771,000 128,625,000 126,771,000 128,625,000 126,790,000
Restricted cash at end of period 31,609,000 41,098,000 31,609,000 41,098,000 $ 37,855,000
Cash, cash equivalents and restricted cash at end of period $ 158,380,000 $ 169,723,000 158,380,000 169,723,000  
Ashford Trust OP [Member]          
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:          
Due to/from affiliate, net     488,000 (535,000)  
Ashford Inc. [Member]          
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:          
Due to/from affiliate, net     $ (3,705,000) $ (359,000)