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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (66,878) $ (6,945)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 36,891 35,160
Equity-based compensation 4,033 3,549
Bad debt expense 439 166
Amortization of loan costs 2,018 2,201
Write-off of loan costs and exit fees 2,237 312
Amortization of intangibles 414 237
Amortization of non-refundable membership initiation fees (173) (67)
Interest expense accretion on refundable membership club deposits 415 438
(Gain) loss on disposition of assets 0 (9)
Unrealized (gain) loss on investment in Ashford Inc. 0 3,919
Realized and unrealized (gain) loss on derivatives (112) 358
Net settlement of trading derivatives 30 (175)
Equity in (earnings) loss of unconsolidated entity 80 101
Deferred income tax expense (benefit) (734) 592
Changes in operating assets and liabilities, exclusive of the effects of hotel acquisition:    
Accounts receivable and inventories 10,027 (5,325)
Prepaid expenses and other assets (1,677) (3,147)
Accounts payable and accrued expenses (16,287) 6,336
Operating lease right-of-use assets 269 170
Due to/from related parties, net (336) (1,099)
Due to/from third-party hotel managers 7,057 1,066
Operating lease liabilities (108) (86)
Other liabilities 80 (4,892)
Net cash provided by (used in) operating activities (23,286) 32,479
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from property insurance 2,528 0
Acquisition of hotel properties, net of cash and restricted cash acquired 0 (111,751)
Investment in unconsolidated entity (26) (156)
Net proceeds from disposition of assets 0 1,420
Improvements and additions to hotel properties (12,294) (72,707)
Net cash provided by (used in) investing activities (9,792) (183,194)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 109,317 249,000
Repayments of indebtedness (44,317) (187,086)
Payments of loan costs and exit fees (4,941) (2,440)
Payments for derivatives (92) (62)
Purchase of common stock (30) (202)
Payments for dividends and distributions (11,045) (16,456)
Proceeds from issuance of preferred stock 474 0
Preferred stock offering costs 0 (110)
Distributions to noncontrolling interest in consolidated entities (2,639) 0
Other 0 7
Net cash provided by (used in) financing activities 46,727 42,651
Net change in cash, cash equivalents and restricted cash 13,649 (108,064)
Cash, cash equivalents and restricted cash at beginning of period 130,383 258,488
Cash, cash equivalents and restricted cash at end of period 144,032 150,424
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 16,060 25,427
Income taxes paid (refunded) 775 (494)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Common stock purchases accrued but not paid 42 182
Dividends and distributions declared but not paid 3,208 9,334
Capital expenditures accrued but not paid 9,685 16,396
Accrued preferred stock offering expenses 17 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Cash, cash equivalents and restricted cash 144,032 150,424
Ashford Inc.    
Changes in operating assets and liabilities, exclusive of the effects of hotel acquisition:    
Due to/from related parties $ (971) $ (381)