v3.25.1
Summary of Fair Value of Financial Instruments - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Mar. 31, 2024
Dec. 31, 2023
Financial assets measured at fair value:        
Investment in securities (amortized cost of $42,279 and $42,279, respectively) $ 42,394 $ 41,535    
Derivative assets, Carrying Value 478 356    
Financial assets not measured at fair value:        
Cash and cash equivalents, Carrying Value 81,689 135,465 $ 137,051 $ 85,599
Restricted cash 54,546 49,592 $ 82,372 $ 80,904
Accounts receivable, net, Carrying Value 39,899 31,754    
Financial liabilities not measured at fair value:        
Debt Balance 1,220,763 1,222,943    
Accounts payable and accrued expenses, Carrying Value 136,090 143,566    
Dividends and distributions payable 8,692 9,255    
Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 3,511 4,267    
Related Party        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 1,700 1,055    
Nonrelated Party        
Financial assets not measured at fair value:        
Due from third-party hotel managers 25,462 22,873    
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 2,389 1,476    
Carrying Value        
Financial assets measured at fair value:        
Investment in securities (amortized cost of $42,279 and $42,279, respectively) 42,394 41,535    
Derivative assets, Carrying Value 478 356    
Financial assets not measured at fair value:        
Cash and cash equivalents, Carrying Value 81,689 135,465    
Restricted cash 54,546 49,592    
Accounts receivable, net, Carrying Value 39,899 31,754    
Note receivable, Carrying Value 8,434 8,283    
Financial liabilities not measured at fair value:        
Debt Balance 1,219,984 1,222,003    
Accounts payable and accrued expenses, Carrying Value 136,090 143,566    
Dividends and distributions payable 8,692 9,255    
Carrying Value | Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 3,511 4,267    
Carrying Value | Related Party        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 1,700 1,055    
Carrying Value | Nonrelated Party        
Financial assets not measured at fair value:        
Due from third-party hotel managers 25,462 22,873    
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Carrying Value 2,389 1,476    
Estimated Fair Value        
Financial assets measured at fair value:        
Investment in securities (amortized cost of $42,279 and $42,279, respectively) 42,394 41,535    
Derivative assets, Estimated Fair Value 478 356    
Financial assets not measured at fair value:        
Cash and cash equivalents, Estimated Fair Value 81,689 135,465    
Restricted cash, Estimated Fair Value 54,546 49,592    
Accounts receivable, net, Estimated Fair Value 39,899 31,754    
Note receivable, Estimated Fair Value 8,434 8,283    
Financial liabilities not measured at fair value:        
Indebtedness, Estimated Fair Value 1,218,557 1,207,420    
Accounts payable and accrued expenses, Estimated Fair Value 136,090 143,566    
Dividends and distributions payable, Estimated Fair Value 8,692 9,255    
Estimated Fair Value | Ashford Inc.        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Estimated fair value 3,511 4,267    
Estimated Fair Value | Related Party        
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Estimated fair value 1,700 1,055    
Estimated Fair Value | Nonrelated Party        
Financial assets not measured at fair value:        
Due from related parties and nonrelated parties, Estimated Fair Value 25,462 22,873    
Financial liabilities not measured at fair value:        
Due to related parties and nonrelated parties, Estimated fair value $ 2,389 $ 1,476