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Summary of Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2025
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):
September 30, 2025December 31, 2024
Carrying
Value		Estimated
Fair Value		Carrying
Value		Estimated
Fair Value
Financial assets measured at fair value:
Investment in securities
$17,277 $17,277 $41,535 $41,535 
Derivative assets164 164 356 356 
Financial assets not measured at fair value:
Cash and cash equivalents
$116,278 $116,278 $135,465 $135,465 
Restricted cash
47,682 47,682 49,592 49,592 
Accounts receivable, net
32,819 32,819 31,754 31,754 
Note receivable8,747 8,747 8,283 8,283 
Due from third-party hotel managers23,129 23,129 22,873 22,873 
Financial liabilities not measured at fair value:
Indebtedness
$1,177,302 $1,177,753 $1,222,003 $1,207,420 
Accounts payable and accrued expenses
150,127 150,127 143,566 143,566 
Dividends and distributions payable8,553 8,553 9,255 9,255 
Due to Ashford Inc., net
2,638 2,638 4,267 4,267 
Due to related parties, net331 331 1,055 1,055 
Due to third-party hotel managers
1,775 1,775 1,476 1,476