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Fair Value Measurements (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2019 | Sep. 30, 2018 | Dec. 31, 2018
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 interest rate forward curve | 2.016% |  | 2.016% |  |
LIBOR interest rate forward curve downtrend | 1.222% |  | 1.222% |  |
Derivative assets | $ 773 |  | $ 773 |  | $ 772
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Our unrealized gain (loss) on investment in Ashford Inc. | (1,471) | $ 2,158 | (5,390) | $ (3,338) |
Unrealized gain (loss) on derivatives | (754) | (578) | (972) | (803) |
Ashford Inc. |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Investment in unconsolidated entity |  |  |  |  | 10,114
Credit Default Swap | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Derivative cost | 64 | 64 | 190 | 190 |
Quoted Market Prices (Level 1) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Equity method investments | 4,724 |  | 4,724 |  |
Fair Value, Recurring |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 773 |  | 773 |  | 772
Counterparty and Cash Collateral Netting | 1,130 |  | 1,130 |  | 130
Total | 5,497 |  | 5,497 |  |
Total |  |  |  |  | 10,886
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (Loss) Recognized in Income | (2,275) | 1,580 | (6,552) | (4,141) |
Our unrealized gain (loss) on investment in Ashford Inc. | (1,471) | 2,158 | (5,390) | (3,338) |
Fair Value, Recurring | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Equity method investments | 4,724 |  | 4,724 |  | 10,114
Fair Value, Recurring | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (Loss) Recognized in Income | (804) | (578) | (1,162) | (803) |
Fair Value, Recurring | Non-Derivative Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (Loss) Recognized in Income | (2,275) | 1,580 | (6,552) | (4,141) |
Fair Value, Recurring | Derivative |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Unrealized gain (loss) on derivatives | (754) | (578) | (972) | (803) |
Fair Value, Recurring | Interest rate floors |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 152 |  | 152 |  | 149
Counterparty and Cash Collateral Netting | 52 |  | 52 |  | 73
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Unrealized gain (loss) on derivatives | (667) | (134) | 139 | (218) |
Realized gain (loss) on interest rate floors | (50) | 0 | (190) | 0 |
Fair Value, Recurring | Interest rate floors | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (Loss) Recognized in Income | (717) | (134) | (51) | (218) |
Fair Value, Recurring | Interest rate caps |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 2 |  | 2 |  | 20
Counterparty and Cash Collateral Netting | 0 |  | 0 |  | 0
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Unrealized gain (loss) on derivatives | (26) | (10) | (107) | (271) |
Fair Value, Recurring | Interest rate caps | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (Loss) Recognized in Income | (26) | (10) | (107) | (271) |
Fair Value, Recurring | Credit Default Swap |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 619 |  | 619 |  | 603
Counterparty and Cash Collateral Netting | 1,078 |  | 1,078 |  | 57
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Unrealized gain (loss) on derivatives | (61) | (434) | (1,004) | (314) |
Fair Value, Recurring | Credit Default Swap | Derivative Financial Instruments, Assets |  |  |  |  |
Effect of Fair Value Hedges on Results of Operations [Abstract] |  |  |  |  |
Gain (Loss) Recognized in Income | (61) | $ (434) | (1,004) | $ (314) |
Fair Value, Recurring | Quoted Market Prices (Level 1) |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 0 |  | 0 |  | 0
Total | 4,724 |  | 4,724 |  |
Total |  |  |  |  | 10,114
Fair Value, Recurring | Quoted Market Prices (Level 1) | Ashford Inc. |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Investment in unconsolidated entity | 4,724 |  | 4,724 |  |
Fair Value, Recurring | Quoted Market Prices (Level 1) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Equity method investments |  |  |  |  | 10,114
Fair Value, Recurring | 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
Fair Value, Recurring | 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
Fair Value, Recurring | 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 |  | 0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | (357) |  | (357) |  | 642
Total | (357) |  | (357) |  |
Total |  |  |  |  | 642
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Equity method investments | 0 |  | 0 |  | 0
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate floors |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 100 |  | 100 |  | 76
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Interest rate caps |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | 2 |  | 2 |  | 20
Fair Value, Recurring | Significant Other Observable Inputs (Level 2) | Credit Default Swap |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Derivative assets | (459) |  | (459) |  | 546
Fair Value, Recurring | 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 |  |
Total |  |  |  |  | 0
Fair Value, Recurring | Significant Unobservable Inputs (Level 3) | Investment in Affiliate |  |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |  |
Equity method investments | 0 |  | 0 |  | 0
Fair Value, Recurring | 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
Fair Value, Recurring | 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
Fair Value, Recurring | 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 |  | $ 0

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