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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss) $ 39,835 $ (22,611) $ 41,530 $ (9,145)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:          
Depreciation and amortization 25,078 22,703 75,192 67,791  
Equity-based compensation     2,689 6,854  
Bad debt expense     351 592  
(Gain) loss on extinguishment of debt 0 0 22 (2,318) $ (2,300)
Amortization of loan costs, discounts and capitalized default interest     4,885 1,485  
Write-off of loan costs and exit fees 5,292 2,588 6,095 2,848  
Amortization of intangibles     346 356  
Amortization of non-refundable membership initiation fees     (1,606) (1,288)  
Interest expense accretion on refundable membership club deposits     275 507  
(Gain) loss on disposition of assets and hotel property (88,210) 0 (88,210) 0  
Realized and unrealized (gain) loss on derivatives     (523) (918)  
Non-cash interest income     (67) 0  
Equity in (earnings) loss of unconsolidated entity 80 60 214 208  
Deferred income tax expense (benefit)     8 112  
Changes in operating assets and liabilities, exclusive of disposition of assets and hotel property:          
Accounts receivable and inventories     6,620 15,058  
Prepaid expenses and other assets     978 (10,720)  
Accounts payable and accrued expenses     6,828 784  
Operating lease right-of-use assets     359 433  
Due to/from related parties, net     (587) 418  
Due to/from third-party hotel managers     (2,215) 11,944  
Due to/from Ashford Inc.     4,995 (12,795)  
Operating lease liabilities     (161) (222)  
Other liabilities     2,147 1,017  
Net cash provided by (used in) operating activities     60,165 73,001  
CASH FLOWS FROM INVESTING ACTIVITIES          
Proceeds from property insurance     13 327  
Issuance of note receivable     (5,788) 0  
Payments for initial franchise fee     0 (75)  
Net proceeds from sale of hotel property     155,629 0  
Purchase of securities     (42,279) 0  
Investment in unconsolidated entity     (79) (237)  
Improvements and additions to hotel properties     (54,825) (55,593)  
Net cash provided by (used in) investing activities     52,671 (55,578)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Borrowings on indebtedness     234,000 236,000  
Repayments of indebtedness     (184,100) (390,210)  
Payments of loan costs and exit fees     (15,356) (3,340)  
Payments for derivatives     (1,344) (3,981)  
Proceeds from derivatives     4,386 6,014  
Purchase of common stock     (369) (19,308)  
Payments for dividends and distributions     (39,037) (39,431)  
Net proceeds from issuance of preferred stock     0 97,863  
Contributions from noncontrolling interest in consolidated entities     2,961 4,050  
Redemption of operating partnership units     0 (7,162)  
Distributions to noncontrolling interest in consolidated entities     (27,045) (2,024)  
Redemption of preferred stock     (36,299) (4,761)  
Net cash provided by (used in) financing activities     (62,203) (126,290)  
Net change in cash, cash equivalents and restricted cash     50,633 (108,867)  
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 217,136 206,829 217,136 206,829  
SUPPLEMENTAL CASH FLOW INFORMATION          
Interest paid     77,178 67,345  
Income taxes paid (refunded)     352 3,129  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES          
Dividends and distributions declared but not paid     9,271 8,967  
Capital expenditures accrued but not paid     12,541 15,954  
Non-cash preferred stock dividends     2,551 2,682  
Unsettled proceeds from derivatives     197 0  
Non-cash common stock/unit dividends     35 0  
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH          
Cash and cash equivalents at beginning of period     85,599 261,541 261,541
Restricted cash at beginning of period     80,904 54,155 54,155
Cash, cash equivalents and restricted cash at beginning of period     166,503 315,696 315,696
Cash and cash equivalents at end of period 168,675 149,496 168,675 149,496 85,599
Restricted cash at end of period 48,461 57,333 48,461 57,333 80,904
Cash, cash equivalents and restricted cash at end of period $ 217,136 $ 206,829 $ 217,136 $ 206,829 $ 166,503