v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Investment in hotel properties, gross $ 2,617,922 $ 3,069,016
Accumulated depreciation (810,924) (983,772)
Investment in hotel properties, net 1,806,998 2,085,244
Cash and cash equivalents 78,042 66,145
Restricted cash 141,203 149,580
Accounts receivable, net 43,426 32,752
Allowance for doubtful accounts receivable 435 424
Inventories 3,106 3,598
Deferred costs 1,210 1,529
Prepaid expenses and other assets 53,235 32,057
Indebtedness, net 2,287,163 2,526,608
Accounts payable and accrued expenses 140,837 123,773
Accrued interest payable 31,787 13,993
Other liabilities $ 36,695 $ 36,768
Preferred stock, par value (in dollars per shares) $ 0.01 $ 0.01
Preferred stock, shares authorized (in shares) 55,000,000 55,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 395,000,000 395,000,000
Common stock, shares issued (in shares) 6,476,491 6,476,157
Common stock, shares outstanding (in shares) 6,476,491 6,476,157
Ashford, Inc.    
Other accounts payable $ 65,638 $ 40,643
Related Party    
Other accounts payable 12,319 1,949
Nonrelated Party    
Other accounts payable $ 1,306 $ 882
Preferred Stock, Series J    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 7,684,197 7,684,201
Redeemable Preferred Stock, shares outstanding (in shares) 7,684,197 7,684,201
Preferred Stock, Series K    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 731,102  
Redeemable Preferred Stock, shares outstanding (in shares) 731,102  
Preferred Stock, Series L    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 0.01
Redeemable Preferred Stock, shares issued (in shares) 238,191  
Redeemable Preferred Stock, shares outstanding (in shares) 238,191  
Preferred Stock, Series M    
Redeemable Preferred Stock, par value (in dollars per share) $ 0.01 $ 0.01
Redeemable Preferred Stock, shares issued (in shares) 550,888  
Redeemable Preferred Stock, shares outstanding (in shares) 550,888  
Preferred Stock, Series D    
Preferred stock, shares issued (in shares) 1,111,127 1,111,127
Preferred stock, shares outstanding (in shares) 1,111,127 1,111,127
Preferred Stock, Series F    
Preferred stock, shares issued (in shares) 1,037,044 1,037,044
Preferred stock, shares outstanding (in shares) 1,037,044 1,037,044
Preferred Stock, Series G    
Preferred stock, shares issued (in shares) 1,470,948 1,470,948
Preferred stock, shares outstanding (in shares) 1,470,948 1,470,948
Preferred Stock, Series H    
Preferred stock, shares issued (in shares) 1,037,956 1,037,956
Preferred stock, shares outstanding (in shares) 1,037,956 1,037,956
Preferred Stock, Series I    
Preferred stock, shares issued (in shares) 1,034,303 1,034,303
Preferred stock, shares outstanding (in shares) 1,034,303 1,034,303
Variable Interest Entity, Primary Beneficiary    
Investment in hotel properties, gross $ 82,787 $ 82,787
Accumulated depreciation (6,594) (5,558)
Investment in hotel properties, net 76,193 77,229
Cash and cash equivalents 1,011 468
Restricted cash 4,203 4,731
Accounts receivable, net 170 143
Inventories 34 44
Deferred costs 79 80
Prepaid expenses and other assets 153 40
Indebtedness, net 15,910 15,961
Accounts payable and accrued expenses 15,427 15,534
Accrued interest payable 151 152
Other liabilities 28,919 28,897
Variable Interest Entity, Primary Beneficiary | Related Party    
Other accounts payable $ 3,517 $ 3,438