v3.25.1
Summary of Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 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):
March 31, 2025December 31, 2024
Carrying
Value		Estimated
Fair Value		Carrying
Value		Estimated
Fair Value
Financial assets measured at fair value:
Investment in securities
$42,394 $42,394 $41,535 $41,535 
Derivative assets478 478 356 356 
Financial assets not measured at fair value:
Cash and cash equivalents
$81,689 $81,689 $135,465 $135,465 
Restricted cash
54,546 54,546 49,592 49,592 
Accounts receivable, net
39,899 39,899 31,754 31,754 
Note receivable8,434 8,434 8,283 8,283 
Due from third-party hotel managers25,462 25,462 22,873 22,873 
Financial liabilities not measured at fair value:
Indebtedness
$1,219,984 $1,218,557 $1,222,003 $1,207,420 
Accounts payable and accrued expenses
136,090 136,090 143,566 143,566 
Dividends and distributions payable8,692 8,692 9,255 9,255 
Due to Ashford Inc., net
3,511 3,511 4,267 4,267 
Due to related parties, net1,700 1,700 1,055 1,055 
Due to third-party hotel managers
2,389 2,389 1,476 1,476