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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (1,322) $ 4,270
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 16,686 13,006
Equity-based compensation 1,528 2,593
Bad debt expense 87 57
Amortization of loan costs 1,180 988
Write-off of loan costs and exit fees 312 2
Amortization of intangibles 119 43
Amortization of non-refundable membership initiation fees (27) 0
Interest expense accretion on refundable membership club deposits 225 0
Impairment charges 0 12
Unrealized (gain) loss on investment in Ashford Inc. (707) (528)
Realized and unrealized (gain) loss on derivatives 937 (73)
Net settlement of trading derivatives (925) (270)
Equity in (earnings) loss of unconsolidated entity 50 3
Deferred income tax expense (benefit) 179 136
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions and dispositions:    
Accounts receivable and inventories (9,354) (5,419)
Insurance receivable 0 (5,387)
Prepaid expenses and other assets (1,536) (3,747)
Accounts payable and accrued expenses (49) 781
Operating lease right-of-use assets 115 0
Due to/from related party, net (493) (498)
Due to/from third-party hotel managers (2,518) (637)
Due to/from Ashford Inc. 1,113 (1,436)
Operating lease liabilities (30) 0
Other liabilities (6,186) 53
Net cash provided by (used in) operating activities (616) 3,949
CASH FLOWS FROM INVESTING ACTIVITIES    
Acquisition of hotel properties, net of cash and restricted cash acquired (112,095) (4,500)
Investment in unconsolidated entity (156) (2,000)
Improvements and additions to hotel properties (36,644) (15,736)
Net cash provided by (used in) investing activities (148,895) (22,236)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 249,000 0
Repayments of indebtedness (187,086) (714)
Payments of loan costs and exit fees (2,441) (92)
Payments for derivatives (55) (67)
Purchase of common stock (202) (74)
Payments for dividends and distributions (7,979) (7,518)
Preferred stock offering costs (110) 0
Other 7 18
Net cash provided by (used in) financing activities 51,134 (8,447)
Net change in cash, cash equivalents and restricted cash (98,377) (26,734)
Cash, cash equivalents and restricted cash at beginning of period 258,488 185,342
Cash, cash equivalents and restricted cash at end of period 160,111 158,608
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 12,363 9,031
Income taxes paid (refund) (1,224) (743)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Dividends and distributions declared but not paid 9,174 8,374
Capital expenditures accrued but not paid 14,891 4,138
Non-cash dividends paid $ 0 $ 58