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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 1,196 $ 2,585 $ 28,324
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:      
Depreciation and amortization 70,112 57,383 52,262
Equity-based compensation 7,943 7,004 (1,327)
Bad debt expense 444 501 256
Amortization of loan costs 4,343 4,260 4,903
Write-off of loan costs and exit fees 647 4,178 3,874
Amortization of intangibles 651 194 180
Amortization of non-refundable membership initiation fees (181) (36) 0
Interest expense accretion on refundable membership club deposits 864 676 0
Write-off of income guarantee 0 2,000 0
(Gain) loss on insurance settlement, disposition of assets and sale of hotel properties (25,165) (15,738) (23,797)
Impairment charges 0 71 1,068
Realized and unrealized (gain) loss on derivatives 1,381 82 2,327
Realized and unrealized (gain) loss on investment in Ashford Inc. 5,552 8,010 (9,717)
Net settlement of trading derivatives (1,076) 102 (1,397)
Equity in (earnings) loss of unconsolidated entity 199 234 0
Deferred income tax expense (benefit) 764 (807) 615
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions and dispositions:      
Accounts receivable and inventories (5,788) 5,249 6,901
Insurance receivable 0 8,825 3,580
Prepaid expenses and other assets (2,228) 2,447 (846)
Accounts payable and accrued expenses 13,394 (8,172) 782
Operating lease right-of-use assets 518    
Due to/from related parties, net (775) 560 41
Due to/from affiliate 0 0 (2,500)
Due to/from third-party hotel managers (5,484) 1,634 7,777
Operating lease liabilities (194)    
Other liabilities (300) (12,342) 196
Net cash provided by (used in) operating activities 66,262 70,733 70,608
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from property insurance 11,020 32,364 11,918
Net proceeds from disposition of assets and sale of hotel properties 10,300 65,336 103,094
Proceeds from sale of investment in Ashford Inc. 597 0 0
Proceeds from liquidation of AQUA U.S. Fund 0 0 2,289
Acquisition of hotel properties, net of cash and restricted cash acquired (111,751) (184,960) (248,199)
Investment in unconsolidated entity (332) (2,000) 0
Improvements and additions to hotel properties (136,259) (77,564) (43,044)
Net cash provided by (used in) investing activities (226,425) (166,824) (173,942)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings on indebtedness 329,500 575,000 523,500
Repayments of indebtedness (257,086) (400,551) (464,228)
Payments of loan costs and exit fees (4,447) (9,517) (11,342)
Payments for derivatives (115) (362) (375)
Purchase of common stock (384) (323) (395)
Payments for dividends and distributions (33,409) (30,328) (27,101)
Proceeds from issuance of preferred stock 645 37,954 40,163
Proceeds from issuance of common stock 0 0 66,442
Distributions to noncontrolling interest in consolidated entities (2,654) (2,654) (2,654)
Other 8 18 21
Net cash provided by (used in) financing activities 32,058 169,237 124,031
Net change in cash, cash equivalents and restricted cash (128,105) 73,146 20,697
Cash, cash equivalents and restricted cash at beginning of year 258,488 185,342 164,645
Cash, cash equivalents and restricted cash at end of year 130,383 258,488 185,342
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 49,645 43,886 34,267
Income taxes paid (refund) (11) 2,299 803
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions declared but not paid 9,143 8,514 8,146
Common stock purchases accrued but not paid 136 0 0
Capital expenditures accrued but not paid 18,572 10,637 4,430
Unsettled preferred stock offering proceeds 75 0 0
Non-cash dividends paid 0 58 0
Accrued preferred stock offering expenses 33 97 0
Non-cash settlement of note receivable 0 8,098 0
Non-cash settlement of TIF loan 0 8,098 0
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents at beginning of period 182,578 137,522 126,790
Restricted cash at beginning of period 75,910 47,820 37,855
Cash and cash equivalents at end of period 58,388 75,910 47,820
Restricted cash at end of period 71,995 182,578 137,522
Cash, cash equivalents and restricted cash at end of period 130,383 258,488 185,342
Ashford Trust OP      
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions and dispositions:      
Due to/from affiliate 0 0 488
Ashford Inc.      
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions and dispositions:      
Due to/from affiliate (555) 1,833 (3,382)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Distribution of Ashford Inc. common stock $ 3,965 $ 0 $ 0