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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (30,628) $ 19,348 $ (32,911)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 93,272 78,122 73,762
Equity-based compensation 9,244 11,285 10,183
Bad debt expense 915 838 436
(Gain) loss on extinguishment of debt (2,318) 0 0
Amortization of loan costs, discounts and capitalized default interest 2,195 (816) (205)
Write-off of loan costs and exit fees 3,489 146 1,963
Amortization of intangibles 474 474 512
Amortization of non-refundable membership initiation fees (1,776) (1,470) (1,029)
Interest expense accretion on refundable membership club deposits 671 723 772
(Gain) loss on insurance settlement and disposition of assets 0 0 (696)
Realized and unrealized (gain) loss on derivatives 663 (4,961) (32)
Equity in (earnings) loss of unconsolidated entity 253 328 252
Deferred income tax expense (benefit) 1,329 51 (174)
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:      
Accounts receivable and inventories 11,264 (9,088) (11,036)
Prepaid expenses and other assets (5,758) (501) (793)
Accounts payable and accrued expenses 47 1,650 35,976
Operating lease right-of-use assets 592 588 574
Due to/from related parties, net 1,541 832 (779)
Due to/from third-party hotel managers 8,398 2,590 (15,491)
Operating lease liabilities (313) (294) (268)
Other liabilities 1,518 1,389 2,214
Net cash provided by (used in) operating activities 84,711 109,483 63,950
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from property insurance 361 36 0
Net proceeds from disposition of assets 0 0 1,816
Proceeds from hotel management agreement amendment 0 1,667 0
Payments for initial franchise fee (75) 0 0
Acquisition of hotel properties, net of cash and restricted cash acquired 0 (354,445) (17,615)
Investment in unconsolidated entity (238) (328) (233)
Improvements and additions to hotel properties (77,114) (49,148) (25,644)
Net cash provided by (used in) investing activities (77,066) (402,218) (41,676)
CASH FLOWS FROM FINANCING ACTIVITIES      
Borrowings on indebtedness 370,600 170,500 83,231
Repayments of indebtedness (534,307) (68,500) (84,224)
Payments of loan costs and exit fees (11,636) (4,080) (1,898)
Payments for derivatives (5,051) (3,030) (200)
Proceeds from derivatives 7,720 167 0
Purchase of common stock (19,307) (7,411) (376)
Payments for dividends and distributions (52,563) (20,763) (9,088)
Net proceeds from issuance of preferred stock 97,862 278,621 36,855
Gross proceeds received 0 0 102,461
Common stock offering costs 0 (112) 0
Contributions from noncontrolling interest in consolidated entities 9,517 164 1,189
Redemption of operating partnership units (7,162) 0 0
Distributions to noncontrolling interest in consolidated entities (2,693) 0 0
Redemption of preferred stock (9,818) (499) 0
Net cash provided by (used in) financing activities (156,838) 345,057 127,950
Net change in cash, cash equivalents and restricted cash (149,193) 52,322 150,224
Cash, cash equivalents and restricted cash at beginning of period 315,696 263,374 113,150
Cash, cash equivalents and restricted cash at end of period 166,503 315,696 263,374
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid 91,576 48,901 31,635
Income taxes paid (refunded) 3,424 1,239 (14)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions declared but not paid 9,158 8,184 2,173
Common stock purchases accrued but not paid 0 54 0
Issuance of common units for hotel acquisition 0 0 13,175
Issuance of warrants in hotel acquisition 0 0 1,528
Assumption of debt in hotel acquisition 0 58,601 49,815
Capital expenditures accrued but not paid 21,702 6,702 4,564
Issuance of common stock for hotel acquisition 0 35,040 0
Non-cash extinguishment of preferred stock 0 0 41,523
Distributions declared but not paid to a noncontrolling interest in a consolidated entity 0 2,024 0
Issuance of common stock from preferred stock exchange 0 0 46,118
Accrued common stock offering expense 0 0 76
Accrued preferred stock offering expenses 0 23 101
Dividends and distributions payable 9,158 8,184  
Unsettled proceeds from derivatives 361 330 0
Non-cash PSU dividends 20 0 0
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH      
Cash and cash equivalents 85,599 261,541 215,998
Restricted cash 80,904 54,155 47,376
Cash, cash equivalents and restricted cash 166,503 315,696 263,374
Ashford Inc.      
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:      
Due to/from Ashford Inc. (10,361) 8,249 720
Non-cash preferred stock dividends      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions payable 3,614 1,050 39
Non-cash common stock dividends      
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Dividends and distributions payable $ 0 $ 5 $ 0