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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (11,034) $ (15,387)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 18,353 18,338
Equity-based compensation 1,416 1,985
Bad debt expense 70 269
Amortization of loan costs and capitalized default interest (583) 1,071
Write-off of loan costs and exit fees 351 0
Amortization of intangibles 138 207
Amortization of non-refundable membership initiation fees (194) (82)
Interest expense accretion on refundable membership club deposits 202 213
(Gain) loss on insurance settlement and disposition of assets (499) 0
Realized and unrealized (gain) loss on derivatives 20 (1,081)
Net settlement of trading derivatives 0 1,330
Equity in (earnings) loss of unconsolidated entity 64 40
Deferred income tax expense (benefit) (174) (5)
Changes in operating assets and liabilities:    
Accounts receivable and inventories (3,699) 4,003
Prepaid expenses and other assets (3,514) (2,719)
Accounts payable and accrued expenses 16,129 (8,315)
Operating lease right-of-use assets 137 134
Due to/from related parties, net (61) (303)
Due to/from third-party hotel managers (5,480) (337)
Operating lease liabilities (60) (54)
Other liabilities 748 267
Net cash provided by (used in) operating activities 11,967 (865)
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from property insurance 0 948
Net proceeds from disposition of assets 200 0
Investment in unconsolidated entity 0 (26)
Improvements and additions to hotel properties (4,692) (7,509)
Net cash provided by (used in) investing activities (4,492) (6,587)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 0 75,000
Repayments of indebtedness (10,832) 0
Payments of loan costs and exit fees (365) 0
Payments for derivatives (20) (37)
Purchase of common stock (28) (28)
Payments for dividends and distributions (2,555) (8,490)
Proceeds from issuance of preferred stock 0 474
Proceeds from issuance of common stock 18,181 0
Distributions to noncontrolling interest in consolidated entities 0 (2,639)
Net cash provided by (used in) financing activities 4,381 64,280
Net change in cash, cash equivalents and restricted cash 11,856 56,828
Cash, cash equivalents and restricted cash at beginning of period 113,150 130,383
Cash, cash equivalents and restricted cash at end of period 125,006 187,211
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 6,892 10,601
Income taxes paid (refunded) (41) 690
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Dividends and distributions declared but not paid 2,569 3,208
Common stock purchases accrued but not paid 348 82
Capital expenditures accrued but not paid 4,628 17,040
Accrued but unpaid financing costs 0 1,364
Accrued common stock offering expense 101 0
Unsettled common stock offering proceeds 297 0
Accrued preferred stock offering expenses 0 25
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash, cash equivalents and restricted cash 125,006 187,211
Ashford Inc.    
Changes in operating assets and liabilities:    
Due to affiliate $ (363) $ (439)