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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income (loss) $ 15,482 $ 16,604    
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        
Depreciation and amortization 25,420 22,521    
Equity-based compensation 1,127 2,213    
Bad debt expense 248 188    
(Gain) loss on extinguishment of debt 0 (2,318) $ (2,300)  
Amortization of loan costs, discounts and capitalized default interest 1,404 447    
Write-off of loan costs and exit fees 721 12    
Amortization of intangibles 119 119    
Amortization of non-refundable membership initiation fees (496) (410)    
Interest expense accretion on refundable membership club deposits 165 178    
Realized and unrealized (gain) loss on derivatives (932) 334    
Equity in (earnings) loss of unconsolidated entity 49 73    
Deferred income tax expense (benefit) 5 37    
Changes in operating assets and liabilities:        
Accounts receivable and inventories (2,194) 6,473    
Prepaid expenses and other assets (2,327) (3,453)    
Accounts payable and accrued expenses 564 (731)    
Operating lease right-of-use assets 147 141    
Due to/from related parties, net 163 (13)    
Due to/from third-party hotel managers (5,653) 6,859    
Due to/from Ashford Inc. 1,638 (7,314)    
Operating lease liabilities (81) (72)    
Other liabilities 470 426    
Net cash provided by (used in) operating activities 36,039 42,314    
CASH FLOWS FROM INVESTING ACTIVITIES        
Proceeds from property insurance 504 75    
Investment in unconsolidated entity 0 (99)    
Improvements and additions to hotel properties (23,332) (18,706)    
Net cash provided by (used in) investing activities (22,828) (18,730)    
CASH FLOWS FROM FINANCING ACTIVITIES        
Borrowings on indebtedness 62,000 0    
Repayments of indebtedness 0 (54,250)    
Payments of loan costs and exit fees (3,244) (404)    
Payments for derivatives (991) (755)    
Proceeds from derivatives 1,633 1,601    
Purchase of common stock 0 (18,952)    
Payments for dividends and distributions (13,123) (12,630)    
Net proceeds from issuance of preferred stock 0 98,009    
Contributions from noncontrolling interest in consolidated entities 0 2,024    
Redemption of operating partnership units 0 (7,039)    
Distributions to noncontrolling interest in consolidated entities 0 (2,024)    
Redemption of preferred stock (6,566) (307)    
Net cash provided by (used in) financing activities 39,709 5,273    
Net change in cash, cash equivalents and restricted cash 52,920 28,857    
Cash, cash equivalents and restricted cash at beginning of period 166,503 315,696 315,696  
Cash, cash equivalents and restricted cash at end of period 219,423 344,553 166,503  
SUPPLEMENTAL CASH FLOW INFORMATION        
Interest paid 22,747 30,283    
Income taxes paid (refunded) (183) 0    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES        
Dividends and distributions declared but not paid 9,253 8,756    
Common stock purchases accrued but not paid 369 352    
Capital expenditures accrued but not paid 15,810 6,047    
Accrued preferred stock offering expenses 0 80    
Dividends, Preferred Stock, Stock 865 843    
Dividends and distributions payable 9,253   9,158  
Unsettled proceeds from derivatives 399 596    
Non-cash common stock/unit dividends 35 0    
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Cash and cash equivalents 137,051 281,490 85,599 $ 261,541
Restricted cash 82,372 63,063 80,904 54,155
Cash, cash equivalents and restricted cash $ 219,423 $ 344,553 $ 166,503 $ 315,696