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Fair Value Measurements (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Significance of current credit spreads to level 3 input considerations | 10.00% |  | 10.00% |  |
LIBOR rate | 2.261% |  | 2.261% |  | 1.564%
Derivative assets | $ 827 |  | $ 827 |  | $ 594
Investment in unconsolidated entity | 1,854 |  | 1,854 |  | 0
Counterparty and Cash Collateral Netting | 660 |  | 660 |  | 370
Total | 15,613 |  | 15,613 |  | 18,718
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | 1,580 | $ 1,344 | (4,141) | $ 1,603 |
Ashford Inc. |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Investment in unconsolidated entity | 14,786 |  | 14,786 |  | 18,124
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Unrealized gain (loss) on investment in Ashford Inc. | 2,158 | 1,875 | (3,338) | 3,403 |
Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Non-derivative assets | 14,786 |  | 14,786 |  | 18,124
Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (578) | (531) | (803) | (1,800) |
Non-Derivative Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | 1,580 | 1,344 | (4,141) | 1,603 |
Derivative |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (578) | (531) | (803) | (1,529) |
Interest rate floors: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 113 |  | 113 |  | 130
Counterparty and Cash Collateral Netting | 41 |  | 41 |  | 12
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (134) | (132) | (218) | (1,026) |
Interest rate floors: | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (134) | (132) | (218) | (1,026) |
Interest rate caps: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 82 |  | 82 |  | 4
Counterparty and Cash Collateral Netting | 0 |  | 0 |  | 0
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (10) | (24) | (271) | (341) |
Interest rate caps: | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (10) | (24) | (271) | (341) |
Credit Default Swap |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 632 |  | 632 |  |
Counterparty and Cash Collateral Netting | 619 |  | 619 |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (434) | (375) | (314) | (375) |
Credit Default Swap | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | (434) | (375) | (314) | (375) |
Derivative cost | 64 | 22 | 190 | 22 |
Future |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets |  |  |  |  | 460
Counterparty and Cash Collateral Netting |  |  |  |  | 358
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | 0 | 0 | 0 | 213 |
Future | Other Income (Expense) |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | 0 | 0 | 0 | (271) |
Future | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (loss) recognized in income | 0 | $ 0 | 0 | $ (58) |
Quoted Market Prices (Level 1) |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Total | 14,786 |  | 14,786 |  | 18,124
Quoted Market Prices (Level 1) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Non-derivative assets | 14,786 |  | 14,786 |  | 18,124
Quoted Market Prices (Level 1) | Interest rate floors: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Quoted Market Prices (Level 1) | Interest rate caps: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Quoted Market Prices (Level 1) | Credit Default Swap |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  |
Quoted Market Prices (Level 1) | Future |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets |  |  |  |  | 0
Significant Other Observable Inputs (Level 2) |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 167 |  | 167 |  | 224
Total | 167 |  | 167 |  | 224
Significant Other Observable Inputs (Level 2) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Non-derivative assets | 0 |  | 0 |  | 0
Significant Other Observable Inputs (Level 2) | Interest rate floors: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 72 |  | 72 |  | 118
Significant Other Observable Inputs (Level 2) | Interest rate caps: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 82 |  | 82 |  | 4
Significant Other Observable Inputs (Level 2) | Credit Default Swap |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 13 |  | 13 |  |
Significant Other Observable Inputs (Level 2) | Future |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets |  |  |  |  | 102
Significant Unobservable Inputs (Level 3) |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Total | 0 |  | 0 |  | 0
Significant Unobservable Inputs (Level 3) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Non-derivative assets | 0 |  | 0 |  | 0
Significant Unobservable Inputs (Level 3) | Interest rate floors: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Significant Unobservable Inputs (Level 3) | Interest rate caps: |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Significant Unobservable Inputs (Level 3) | Credit Default Swap |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | $ 0 |  | $ 0 |  |
Significant Unobservable Inputs (Level 3) | Future |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets |  |  |  |  | $ 0
LIBOR | Significant Other Observable Inputs (Level 2) |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Forward interest rate | 0.03032 |  | 0.03032 |  |

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