v3.26.1
Indebtedness, net - Schedule of Indebtedness (Details)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
Dec. 31, 2025
USD ($)
Jul. 30, 2025
extension
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Mar. 31, 2026
USD ($)
hotel
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Feb. 11, 2026
USD ($)
hotel
Sep. 09, 2025
Debt Instrument [Line Items]                  
Debt balance $ 2,586,884       $ 2,368,753   $ 2,586,884    
Premiums (discounts), net 301       291   301    
Capitalized default interest and late charges 2,346       0   2,346    
Deferred loan costs, net (24,103)       (19,898)   (24,103)    
Indebtedness, net 2,565,428       2,349,146   2,565,428    
Indebtedness, net $ 2,526,608       $ 2,287,163   $ 2,526,608    
SOFR rate 3.69%       3.66%   3.69%    
Repayments of long-term debt         $ 218,353 $ 523,535      
Ashford M Investor LLC                  
Debt Instrument [Line Items]                  
Proceeds from issuance of preferred membership interests             $ 88,000    
Disposal Group, Held-for-sale, Not Discontinued Operations                  
Debt Instrument [Line Items]                  
Indebtedness, net related to assets held for sale $ 38,820       $ 61,983   38,820    
Mortgage Loan due March 2025 4.66% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Interest rate         4.66%        
Debt balance $ 21,971       $ 21,971   21,971    
Default interest accrued 5.00%                
Mortgage Loan Due February 2026 3.28% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         8     8  
Basis spread on variable rate         3.28%        
Debt balance $ 325,000       $ 325,000   325,000 $ 325,000  
Mortgage Loan due May 2026 4.00% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         2        
Basis spread on variable rate         4.00%        
Debt balance 98,450       $ 0   98,450    
Mortgage Loan due July 2026 4.41% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         18        
Basis spread on variable rate     4.41%   4.41%        
Debt balance 733,625       $ 723,625   733,625    
Number of extension options | extension   1              
Term of extension option (in years)   6 months 6 months            
Repayments of long-term debt     $ 10,000            
Mortgage Loan due February 2027 4.37% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Basis spread on variable rate         2.85%        
Debt balance 12,330       $ 12,330   12,330    
Number of extension options | extension   1              
Term of extension option (in years)   1 year 1 year            
Mortgage Loan due February 2027 4.37% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         16        
Basis spread on variable rate         4.37%        
Debt balance 580,000       $ 580,000   580,000    
Number of extension options | extension   3              
Term of extension option (in years)   1 year              
Mortgage Loan Due March 2027 4.82% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         11        
Basis spread on variable rate         4.82%        
Debt balance 341,203       $ 231,340   341,203    
Number of extension options | extension   2              
Term of extension option (in years)   1 year 1 year            
Repayments of long-term debt       $ 109,900          
Mortgage Loan due September 2027 2.26% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Basis spread on variable rate         2.26%        
Debt balance 218,100       $ 218,100   218,100    
Mortgage Loan Due November 2027 4.75% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Basis spread on variable rate         4.75%        
Debt balance 121,500       $ 121,500   121,500    
Number of extension options | extension   2              
Term of extension option (in years)   1 year              
SOFR Floor (as a percent)         2.75%        
Mortgage Loan due December 2028 8.51% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         4        
Interest rate         8.51%        
Debt balance 30,200       $ 30,200   30,200    
Preferred investment due May 2029 11.14% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Interest rate         11.14%        
Debt balance 88,845       $ 89,068   88,845    
Preferred investment due May 2029 11.14% | Preferred investment                  
Debt Instrument [Line Items]                  
Interest rate                 11.14%
Interest rate paid in cash                 0.1014
Interest rate paid in kind                 0.0100
Construction Loan due May 2033 11.26% | Mortgages                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Interest rate         11.26%        
Debt balance 15,660       $ 15,619   15,660    
Loan due March 2026 3.83% | Disposal Group, Held-for-sale, Not Discontinued Operations                  
Debt Instrument [Line Items]                  
Collateral | hotel         2        
Basis spread on variable rate         3.83%        
Indebtedness, net related to assets held for sale 38,820       $ 0   38,820    
Loan due March 2027 4.82% | Disposal Group, Held-for-sale, Not Discontinued Operations                  
Debt Instrument [Line Items]                  
Collateral | hotel         2        
Basis spread on variable rate         4.82%        
Indebtedness, net related to assets held for sale 0       $ 29,720   0    
Loan due July 2026 4.41% | Disposal Group, Held-for-sale, Not Discontinued Operations                  
Debt Instrument [Line Items]                  
Collateral | hotel         1        
Basis spread on variable rate         4.41%        
Indebtedness, net related to assets held for sale $ 0       $ 32,263   $ 0