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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 15,604 $ (11,034)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 18,441 18,353
Equity-based compensation 2,254 1,416
Bad debt expense 269 70
Amortization of loan costs, discounts and capitalized default interest 109 (583)
Write-off of loan costs and exit fees 76 351
Amortization of intangibles 119 138
Amortization of non-refundable membership initiation fees (333) (194)
Interest expense accretion on refundable membership club deposits 190 202
(Gain) loss on insurance settlement and disposition of assets 0 (499)
Realized and unrealized (gain) loss on derivatives (408) 20
Equity in (earnings) loss of unconsolidated entity 72 64
Deferred income tax expense (benefit) 0 (174)
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisition:    
Accounts receivable and inventories (1,068) (3,699)
Prepaid expenses and other assets (4,662) (3,514)
Accounts payable and accrued expenses 7,046 16,129
Operating lease right-of-use assets 147 137
Due to/from related parties, net 840 (61)
Due to/from third-party hotel managers (12,230) (5,480)
Due to/from Ashford Inc. 1,703 (363)
Operating lease liabilities (73) (60)
Other liabilities 698 748
Net cash provided by (used in) operating activities 28,794 11,967
CASH FLOWS FROM INVESTING ACTIVITIES    
Net proceeds from disposition of assets 0 200
Acquisition of hotel property, net of cash and restricted cash acquired (86,958) 0
Improvements and additions to hotel properties (10,791) (4,692)
Net cash provided by (used in) investing activities (97,749) (4,492)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 70,500 0
Repayments of indebtedness (67,750) (10,832)
Payments of loan costs and exit fees (1,667) (365)
Payments for derivatives (76) (20)
Purchase of common stock 0 (28)
Payments for dividends and distributions (2,951) (2,555)
Proceeds from issuance of preferred stock 33,735 0
Proceeds from issuance of common stock 0 18,181
Common stock offering costs (36) 0
Contributions from noncontrolling interest in consolidated entities 164 0
Net cash provided by (used in) financing activities 31,919 4,381
Net change in cash, cash equivalents and restricted cash (37,036) 11,856
Cash, cash equivalents and restricted cash at beginning of period 263,374 113,150
Cash, cash equivalents and restricted cash at end of period 226,338 125,006
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 6,434 6,892
Income taxes paid (refunded) (2,989) (41)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Dividends and distributions declared but not paid 3,229 2,569
Common stock purchases accrued but not paid 552 348
Assumption of debt in hotel acquisition 58,601 0
Capital expenditures accrued but not paid 4,054 4,628
Issuance of common stock for hotel acquisition 35,040 0
Accrued common stock offering expense 39 101
Unsettled common stock offering proceeds 0 297
Accrued preferred stock offering expenses 40 0
Non-cash preferred stock dividends 99 0
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 185,157 85,684
Restricted cash 41,181 39,322
Cash, cash equivalents and restricted cash $ 226,338 $ 125,006