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Summary of Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2022
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, 2022December 31, 2021
Carrying
Value
Estimated
Fair Value
Carrying
Value
Estimated
Fair Value
Financial assets measured at fair value:
Derivative assets$2,170 $2,170 $139 $139 
Financial liabilities measured at fair value:
Derivative liabilities$705 $705 $1,435 $1,435 
Financial assets not measured at fair value:
Cash and cash equivalents$251,032 $251,032 $215,998 $215,998 
Restricted cash48,117 48,117 47,376 47,376 
Accounts receivable, net32,888 32,888 23,701 23,701 
Due from related parties, net1,068 1,068 1,770 1,770 
Due from third-party hotel managers19,145 19,145 27,461 27,461 
Financial liabilities not measured at fair value:
Indebtedness$1,238,588 
$1,102,144 to $1,218,162
$1,172,312 
$1,022,408 to $1,130,029
Accounts payable and accrued expenses112,686 112,686 96,316 96,316 
Dividends and distributions payable3,535 3,535 2,173 2,173 
Due to Ashford Inc.2,701 2,701 1,474 1,474 
Due to third-party hotel managers1,044 1,044 610 610