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Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (6,945,000) $ 17,124,000
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 35,160,000 27,817,000
Equity-based compensation 3,549,000 4,035,000
Bad debt expense 166,000 109,000
Amortization of loan costs 2,201,000 2,063,000
Write-off of loan costs and exit fees 312,000 4,178,000
Amortization of intangibles 237,000 92,000
Amortization of non-refundable membership initiation fees (67,000) (5,000)
Interest expense accretion on refundable membership club deposits 438,000 150,000
(Gain) loss on sale of hotel properties (9,000) (15,711,000)
Impairment charges 0 71,000
Unrealized (gain) loss on investment in Ashford Inc. 3,919,000 5,496,000
Realized and unrealized (gain) loss on derivatives 358,000 225,000
Net settlement of trading derivatives (175,000) (290,000)
Equity in (earnings) loss of unconsolidated entity 101,000 65,000
Deferred income tax expense (benefit) 592,000 122,000
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions and dispositions:    
Accounts receivable and inventories (5,325,000) (4,525,000)
Prepaid expenses and other assets (3,147,000) 3,249,000
Accounts payable and accrued expenses 6,336,000 (3,239,000)
Operating lease right-of-use assets 170,000 0
Due to/from related party, net (1,099,000) (252,000)
Due to/from third-party hotel managers 1,066,000 2,085,000
Due to/from Ashford Inc. (381,000) (603,000)
Operating lease liabilities (86,000) 0
Other liabilities (4,892,000) (3,595,000)
Net cash provided by (used in) operating activities 32,479,000 38,661,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from property insurance 0 24,663,000
Acquisition of hotel properties, net of cash and restricted cash acquired (111,751,000) (177,875,000)
Investment in unconsolidated entity (156,000) (2,000,000)
Net proceeds from sale of assets and hotel properties 1,420,000 65,336,000
Improvements and additions to hotel properties (72,707,000) (32,423,000)
Net cash provided by (used in) investing activities (183,194,000) (122,299,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 249,000,000 575,000,000
Repayments of indebtedness (187,086,000) (399,312,000)
Payments of loan costs and exit fees (2,440,000) (9,406,000)
Payments for derivatives (62,000) (348,000)
Purchase of common stock (202,000) (203,000)
Payments for dividends and distributions (16,456,000) (15,122,000)
Preferred stock offering costs (110,000) 0
Other 7,000 18,000
Net cash provided by (used in) financing activities 42,651,000 150,627,000
Net change in cash, cash equivalents and restricted cash (108,064,000) 66,989,000
Cash, cash equivalents and restricted cash at beginning of period 258,488,000 185,342,000
Cash, cash equivalents and restricted cash at end of period 150,424,000 252,331,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 25,427,000 21,976,000
Income taxes paid (refund) (494,000) 704,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Common stock purchases accrued but not paid 182,000 0
Dividends and distributions declared but not paid 9,334,000 8,572,000
Capital expenditures accrued but not paid 16,396,000 3,658,000
Non-cash dividends paid 0 58,000
Non-cash settlement of note receivable 0 8,098,000
Non-cash settlement of TIF loan $ 0 $ 8,098,000