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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (32,911) $ (124,677) $ 1,196
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:      
Depreciation and amortization 73,762 73,371 70,112
Equity-based compensation 10,183 7,892 7,943
Bad debt expense 436 727 444
Amortization of loan costs, discounts and capitalized default interest (205) 854 4,343
Write-off of loan costs and exit fees 1,963 3,920 647
Amortization of intangibles 512 834 651
Amortization of non-refundable membership initiation fees (1,029) (440) (181)
Interest expense accretion on refundable membership club deposits 772 818 864
(Gain) loss on insurance settlement and disposition of assets (696) (10,149) (25,165)
Realized and unrealized (gain) loss on investment in Ashford Inc. 0 0 5,552
Realized and unrealized (gain) loss on derivatives (32) (24) 1,381
Net settlement of trading derivatives 0 698 (1,076)
Equity in (earnings) loss of unconsolidated entity 252 217 199
Deferred income tax expense (benefit) (174) (956) 764
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:      
Accounts receivable and inventories (11,036) 4,057 (5,788)
Prepaid expenses and other assets (793) (1,460) (2,228)
Accounts payable and accrued expenses 35,976 (10,499) 13,394
Operating lease right-of-use assets 574 541 518
Due to/from related parties, net (779) (440) (775)
Due to/from third-party hotel managers (15,491) 4,075 (5,484)
Due to/from Ashford Inc. 720 (1,674) (555)
Operating lease liabilities (268) (223) (194)
Other liabilities 2,214 2,251 (300)
Net cash provided by (used in) operating activities 63,950 (50,287) 66,262
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from property insurance 0 9,037 11,020
Net proceeds from disposition of assets 1,816 0 10,300
Proceeds from sale of investment in Ashford Inc. 0 0 597
Acquisition of hotel properties (17,615) 0 (111,751)
Investment in unconsolidated entity (233) (26) (332)
Improvements and additions to hotel properties (25,644) (25,552) (136,259)
Net cash provided by (used in) investing activities (41,676) (16,541) (226,425)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings on indebtedness 83,231 109,317 329,500
Repayments of indebtedness (84,224) (47,822) (257,086)
Payments of loan costs and exit fees (1,898) (6,485) (4,447)
Payments for derivatives (200) (92) (115)
Purchase of common stock (376) (263) (384)
Payments for dividends and distributions (9,088) (16,154) (33,409)
Proceeds from issuance of preferred stock 36,855 474 645
Proceeds from issuance of common stock 102,461 13,259 0
Contributions from noncontrolling interest in consolidated entities 1,189 0 0
Distributions to noncontrolling interest in consolidated entities 0 (2,639) (2,654)
Other 0 0 8
Net cash provided by (used in) financing activities 127,950 49,595 32,058
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 150,224 (17,233) (128,105)
Cash, cash equivalents and restricted cash at beginning of period 113,150 130,383 258,488
Cash, cash equivalents and restricted cash at end of period 263,374 113,150 130,383
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 31,635 27,900 49,645
Income taxes paid (refunded) (14) 140 (11)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions declared but not paid 2,173 2,736 9,143
Common stock purchases accrued but not paid 0 28 136
Issuance of common units for hotel acquisition 13,175 0 0
Issuance of warrants in hotel acquisition 1,528 0 0
Assumption of debt in hotel acquisition 49,815 0 0
Capital expenditures accrued but not paid 4,564 8,993 18,572
Distribution of Ashford Inc. common stock 0 0 3,965
Non-cash loan proceeds associated with accrued interest 0 2,229 0
Non-cash loan principal associated with default interest and late charges 0 9,859 0
Non-cash extinguishment of preferred stock 41,523 0 0
Issuance of common stock from preferred stock exchange 46,118 0 0
Accrued common stock offering expense 76 0 0
Unsettled common stock offering proceeds 0 68 0
Unsettled preferred stock offering proceeds 0 0 75
Accrued preferred stock offering expenses 101 0 33
Non-cash preferred stock dividends 39 0 0
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 215,998 78,606 71,995
Restricted cash 47,376 34,544 58,388
Cash, cash equivalents and restricted cash $ 263,374 $ 113,150 $ 130,383