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Summary of Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Financial assets measured at fair value:        
Investment in securities $ 17,277 $ 41,535    
Derivative assets, Carrying Value 164 356    
Financial assets not measured at fair value:        
Cash and cash equivalents, Carrying Value 116,278 135,465 $ 168,675 $ 85,599
Restricted cash, Carrying Value 47,682 49,592 $ 48,461 $ 80,904
Accounts receivable, net, Carrying Value 32,819 31,754    
Financial liabilities not measured at fair value:        
Indebtedness, Carrying Value 1,177,753 1,222,943    
Accounts payable and accrued expenses, Carrying Value 150,127 143,566    
Dividends and distributions payable, Carrying Value 8,553 9,255    
Nonrelated Party        
Financial assets not measured at fair value:        
Due from third-party hotel managers, Carrying Value 23,129 22,873    
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 1,775 1,476    
Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 2,638 4,267    
Related Party        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 331 1,055    
Carrying Value        
Financial assets measured at fair value:        
Investment in securities 17,277 41,535    
Derivative assets, Carrying Value 164 356    
Financial assets not measured at fair value:        
Cash and cash equivalents, Carrying Value 116,278 135,465    
Restricted cash, Carrying Value 47,682 49,592    
Accounts receivable, net, Carrying Value 32,819 31,754    
Note receivable, Carrying Value 8,747 8,283    
Financial liabilities not measured at fair value:        
Indebtedness, Carrying Value 1,177,302 1,222,003    
Accounts payable and accrued expenses, Carrying Value 150,127 143,566    
Dividends and distributions payable, Carrying Value 8,553 9,255    
Carrying Value | Nonrelated Party        
Financial assets not measured at fair value:        
Due from third-party hotel managers, Carrying Value 23,129 22,873    
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 1,775 1,476    
Carrying Value | Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 2,638 4,267    
Carrying Value | Related Party        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 331 1,055    
Estimated Fair Value        
Financial assets measured at fair value:        
Investment in securities 17,277 41,535    
Derivative assets, Estimated Fair Value 164 356    
Financial assets not measured at fair value:        
Cash and cash equivalents, Estimated Fair Value 116,278 135,465    
Restricted cash, Estimated Fair Value 47,682 49,592    
Accounts receivable, net, Estimated Fair Value 32,819 31,754    
Note receivable, Estimated Fair Value 8,747 8,283    
Financial liabilities not measured at fair value:        
Indebtedness, Estimated Fair Value 1,177,753 1,207,420    
Accounts payable and accrued expenses, Estimated Fair Value 150,127 143,566    
Dividends and distributions payable, Estimated Fair Value 8,553 9,255    
Estimated Fair Value | Nonrelated Party        
Financial assets not measured at fair value:        
Due from third-party hotel managers, Estimated Fair Value 23,129 22,873    
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Estimated Fair Value 1,775 1,476    
Estimated Fair Value | Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Estimated Fair Value 2,638 4,267    
Estimated Fair Value | Related Party        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Estimated Fair Value $ 331 $ 1,055