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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ 19,348 $ (32,911) $ (124,677)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:      
Depreciation and amortization 78,122 73,762 73,371
Equity-based compensation 11,285 10,183 7,892
Bad debt expense 838 436 727
Amortization of loan costs, discounts and capitalized default interest (816) (205) 854
Write-off of loan costs and exit fees 146 1,963 3,920
Amortization of intangibles 474 512 834
Amortization of non-refundable membership initiation fees (1,470) (1,029) (440)
Interest expense accretion on refundable membership club deposits 723 772 818
(Gain) loss on insurance settlement and disposition of assets 0 (696) (10,149)
Realized and unrealized (gain) loss on derivatives (4,961) (32) (24)
Net settlement of trading derivatives 0 0 698
Equity in (earnings) loss of unconsolidated entity 328 252 217
Deferred income tax expense (benefit) 51 (174) (956)
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:      
Accounts receivable and inventories (9,088) (11,036) 4,057
Prepaid expenses and other assets (501) (793) (1,460)
Accounts payable and accrued expenses 1,650 35,976 (10,499)
Operating lease right-of-use assets 588 574 541
Due to/from related parties, net 832 (779) (440)
Due to/from third-party hotel managers 2,590 (15,491) 4,075
Due to/from Ashford Inc. 8,249 720 (1,674)
Operating lease liabilities (294) (268) (223)
Other liabilities 1,389 2,214 2,251
Net cash provided by (used in) operating activities 109,483 63,950 (50,287)
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from property insurance 36 0 9,037
Net proceeds from disposition of assets 0 1,816 0
Proceeds from Management Agreement Amendment 1,667 0 0
Acquisition of hotel properties, net of cash and restricted cash acquired (354,445) (17,615) 0
Investment in unconsolidated entity (328) (233) (26)
Improvements and additions to hotel properties (49,148) (25,644) (25,552)
Net cash provided by (used in) investing activities (402,218) (41,676) (16,541)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings on indebtedness 170,500 83,231 109,317
Repayments of indebtedness (68,500) (84,224) (47,822)
Payments of loan costs and exit fees (4,080) (1,898) (6,485)
Payments for derivatives (3,030) (200) (92)
Proceeds from derivatives 167 0 0
Purchase of common stock (7,411) (376) (263)
Payments for dividends and distributions (20,763) (9,088) (16,154)
Proceeds from issuance of preferred stock 278,621 36,855 474
Proceeds from issuance of common stock 0 102,461 13,259
Common stock offering costs (112) 0 0
Contributions from noncontrolling interest in consolidated entities 164 1,189 0
Distributions to noncontrolling interest in consolidated entities 0 0 (2,639)
Redemption of preferred stock (499) 0 0
Net cash provided by (used in) financing activities 345,057 127,950 49,595
Net change in cash, cash equivalents and restricted cash 52,322 150,224 (17,233)
Cash, cash equivalents and restricted cash at beginning of period 263,374 113,150 130,383
Cash, cash equivalents and restricted cash at end of period 315,696 263,374 113,150
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 48,901 31,635 27,900
Income taxes paid (refunded) 1,239 (14) 140
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions declared but not paid 8,184 2,173 2,736
Common stock purchases accrued but not paid 54 0 28
Issuance of common units for hotel acquisition 0 13,175 0
Issuance of warrants in hotel acquisition 0 1,528 0
Assumption of debt in hotel acquisition 58,601 49,815 0
Capital expenditures accrued but not paid 6,702 4,564 8,993
Issuance of common stock for hotel acquisition 35,040 0 0
Non-cash loan proceeds associated with accrued interest 0 0 2,229
Distributions declared but not paid to a noncontrolling interest in a consolidated entity 2,024 0 0
Non-cash loan principal associated with default interest and late charges 0 0 9,859
Non-cash extinguishment of preferred stock 0 41,523 0
Issuance of common stock from preferred stock exchange 0 46,118 0
Accrued common stock offering expense 0 76 0
Unsettled common stock offering proceeds 0 0 68
Accrued preferred stock offering expenses 23 101 0
Dividends and distributions payable 8,184 2,173  
Unsettled proceeds from derivatives 330 0 0
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 261,541 215,998 78,606
Restricted cash 54,155 47,376 34,544
Cash, cash equivalents and restricted cash 315,696 263,374 113,150
Non-cash preferred stock dividends      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions payable 1,050 39 0
Non-cash common stock dividends      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions payable $ 5 $ 0 $ 0