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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 23,901 $ (30,617)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Depreciation and amortization 57,616 54,881
Equity-based compensation 8,941 7,265
Bad debt expense 727 208
Amortization of loan costs, discounts and capitalized default interest (525) (550)
Write-off of loan costs and exit fees 106 1,960
Amortization of intangibles 356 394
Amortization of non-refundable membership initiation fees (1,150) (715)
Interest expense accretion on refundable membership club deposits 545 582
(Gain) loss on insurance settlement and disposition of assets 0 (696)
Unrealized (gain) loss on derivatives (4,019) (64)
Equity in (earnings) loss of unconsolidated entity 220 198
Deferred income tax expense (benefit) 0 (174)
Changes in operating assets and liabilities, exclusive of the effect of hotel acquisitions:    
Accounts receivable and inventories 443 (4,079)
Prepaid expenses and other assets (5,745) 311
Accounts payable and accrued expenses 8,013 31,131
Operating lease right-of-use assets 436 416
Due to/from related parties, net 673 (919)
Due to/from third-party hotel managers 5,692 (7,365)
Due to/from Ashford Inc. 7,135 409
Operating lease liabilities (215) (184)
Other liabilities 836 2,755
Net cash provided by (used in) operating activities 103,986 55,147
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from property insurance 36 0
Net proceeds from disposition of assets 0 1,816
Acquisition of hotel properties, net of cash and restricted cash acquired (86,798) (9,515)
Investment in unconsolidated entity (328) (117)
Improvements and additions to hotel properties (36,528) (15,849)
Net cash provided by (used in) investing activities (123,618) (23,665)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings on indebtedness 70,500 83,231
Repayments of indebtedness (68,250) (83,770)
Payments of loan costs and exit fees (1,847) (1,895)
Payments for derivatives (2,092) (200)
Purchase of common stock (1,307) (376)
Payments for dividends and distributions (12,981) (6,882)
Proceeds from issuance of preferred stock 185,176 4,586
Proceeds from issuance of common stock 0 100,024
Common stock offering costs (102) 0
Contributions from noncontrolling interest in consolidated entities 164 920
Redemption of preferred stock (193) 0
Net cash provided by (used in) financing activities 169,068 95,638
Net change in cash, cash equivalents and restricted cash 149,436 127,120
Cash, cash equivalents and restricted cash at beginning of period 263,374 113,150
Cash, cash equivalents and restricted cash at end of period 412,810 240,270
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 29,747 22,268
Income taxes paid (refunded) 1,209 (20)
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Dividends and distributions declared but not paid 4,353 2,112
Common stock purchases accrued but not paid 1 0
Issuance of common units for hotel acquisition 0 13,175
Issuance of warrants in hotel acquisition 0 1,528
Assumption of debt in hotel acquisition 58,601 49,815
Capital expenditures accrued but not paid 6,746 2,094
Issuance of common stock for hotel acquisition 35,040 0
Accrued common stock offering expense 0 147
Accrued preferred stock offering expenses 53 132
Non-cash stock dividends 4,353  
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Cash and cash equivalents 358,878 195,517
Restricted cash 53,932 44,753
Cash, cash equivalents and restricted cash 412,810 240,270
Non-cash preferred stock dividends    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Non-cash stock dividends 639 0
Non-cash common stock dividends    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Non-cash stock dividends $ 5 $ 0