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Summary of Fair Value of Financial Instruments (Details) - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Financial assets and liabilities measured at fair value:        
Derivative assets, Carrying value $ 582 $ 772    
Derivative assets, Estimated fair value 582 772    
Financial assets not measured at fair value:        
Cash and cash equivalents, Carrying value 71,995 182,578 $ 137,522 $ 126,790
Cash and cash equivalents, Estimated fair value 71,995 182,578    
Restricted cash, Carrying value 58,388 75,910 $ 47,820 $ 37,855
Restricted cash, Estimated fair value 58,388 75,910    
Accounts receivable, net, Carrying value 19,053 12,739    
Accounts receivable, net, Estimated fair value 19,053 12,739    
Due from related party, net, Carrying value 551 0    
Due from related party, net, Estimated Fair Value 551 0    
Due from third-party hotel managers, Carrying value 16,638 4,927    
Due from third-party hotel managers, Estimated fair value 16,638 4,927    
Financial liabilities not measured at fair value:        
Indebtedness, Carrying value 1,065,000 992,586    
Accounts payable and accrued expenses, Carrying value 94,919 64,116    
Accounts payable and accrued expenses, Estimated fair value 94,919 64,116    
Dividends payable, Carrying value 9,143 8,514    
Dividends payable, Estimated fair value 9,143 8,514    
Due to affiliate, Carrying Value 4,344 4,001    
Due to related party, net, Carrying value 0 224    
Due to related party, net, Estimated fair value 0 224    
Due to third-party hotel managers 1,685 1,633    
Due to third-party hotel managers, Estimated fair value 1,685 1,633    
Minimum        
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value 1,003,863 936,904    
Maximum        
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value 1,109,532 1,035,526    
Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to affiliate, Carrying Value 4,344 4,001    
Due to affiliate, Estimated fair value $ 4,344 4,001    
Ashford Inc.        
Financial assets and liabilities measured at fair value:        
Investment in Ashford Inc., at fair value   $ 10,114