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Summary of Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2021
Investments, All Other Investments [Abstract]  
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments
The carrying amounts and estimated fair values of financial instruments were as follows (in thousands):
June 30, 2021December 31, 2020
Carrying
Value		Estimated
Fair Value		Carrying
Value		Estimated
Fair Value
Financial assets and liabilities measured at fair value:
Derivative assets$1 $1 $— $— 
Financial assets not measured at fair value:
Cash and cash equivalents$157,677 $157,677 $78,606 $78,606 
Restricted cash57,413 57,413 34,544 34,544 
Accounts receivable, net18,707 18,707 13,557 13,557 
Due from related parties, net1,953 1,953 991 991 
Due from third-party hotel managers21,546 21,546 12,271 12,271 
Financial liabilities not measured at fair value:
Indebtedness$1,143,049 
$889,567 to $983,205
$1,128,724 
$884,325 to $977,411
Accounts payable and accrued expenses84,460 84,460 61,758 61,758 
Dividends and distributions payable2,075 2,075 2,736 2,736 
Due to Ashford Inc.2,516 2,516 2,772 2,772 
Due to third-party hotel managers1,834 1,834 1,393 1,393