v3.26.1
Indebtedness, net - Schedule of Indebtedness (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Aug. 07, 2026
USD ($)
extension
Jul. 31, 2026
USD ($)
Jul. 01, 2026
USD ($)
Jun. 30, 2026
USD ($)
extension
hotel
Mar. 31, 2026
Feb. 28, 2026
Jan. 31, 2026
USD ($)
Jun. 30, 2026
USD ($)
extension
hotel
Mar. 31, 2026
USD ($)
hotel
Jun. 30, 2026
USD ($)
extension
hotel
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Feb. 11, 2026
USD ($)
Debt Instrument [Line Items]                          
Debt balance       $ 1,987,282       $ 1,987,282   $ 1,987,282   $ 2,564,913  
Premiums (discounts), net       0       0   0   301  
Capitalized default interest and late charges       0       0   0   2,346  
Deferred loan costs, net       (13,167)       (13,167)   (13,167)   (24,103)  
Indebtedness, net       1,974,115       1,974,115   1,974,115   2,543,457  
Indebtedness, net       $ 1,905,747       $ 1,905,747   $ 1,905,747   $ 2,504,637  
SOFR rate       3.65%       3.65%   3.65%   3.69%  
Repayments of long-term debt                   $ 578,081 $ 542,293    
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       $ 68,368       $ 68,368   $ 68,368   38,820  
Mortgage Loan Due February 2026 3.28% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       8       8   8      
Basis spread on variable rate                   3.28%      
Debt balance       $ 325,000       $ 325,000   $ 325,000   325,000 $ 325,000
Default interest accrued                   5.00%      
Mortgage Loan due May 2026 4.00% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       2       2   2      
Basis spread on variable rate                   4.00%      
Debt balance       $ 0       $ 0   $ 0   98,450  
Mortgage Loan due July 2026 5.47% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       15       15   15      
Basis spread on variable rate                   5.47%      
Debt balance       $ 523,899       $ 523,899   $ 523,899   733,625  
Term of extension option (in years)                   6 months      
Repayments of long-term debt       $ 199,700     $ 10,000            
Number of hotel properties sold | hotel       3                  
Mortgage Loan due July 2026 5.47% | Mortgages | Subsequent Event                          
Debt Instrument [Line Items]                          
Repayments of long-term debt   $ 25,700                      
Forbearance agreement, term   30 days                      
Mortgage Loan due February 2027 2.85% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Basis spread on variable rate                   2.85%      
Debt balance       $ 12,330       $ 12,330   $ 12,330   12,330  
Term of extension option (in years)           1 year       1 year      
Number of extension options | extension       1       1   1      
Mortgage Loan due February 2027 4.37% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       14       14   14      
Basis spread on variable rate                   4.37%      
Debt balance       $ 507,838       $ 507,838   $ 507,838   580,000  
Term of extension option (in years)                   1 year      
Repayments of long-term debt               $ 72,200          
Number of hotel properties sold | hotel               2          
Number of extension options | extension       3       3   3      
Mortgage Loan due February 2027 4.37% | Mortgages | Subsequent Event                          
Debt Instrument [Line Items]                          
Repayments of long-term debt     $ 43,500                    
Mortgage Loan Due March 2027 5.96% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       7       7   7      
Basis spread on variable rate                   5.96%      
Debt balance       $ 143,534       $ 143,534   $ 143,534   341,203  
Term of extension option (in years)         1 year         1 year      
Repayments of long-term debt               $ 197,700 $ 197,700        
Number of hotel properties sold | hotel               7 7        
Number of extension options | extension       2       2   2      
Mortgage Loan due September 2027 2.26% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Basis spread on variable rate                   2.26%      
Debt balance       $ 218,100       $ 218,100   $ 218,100   218,100  
Term of extension option (in years)                   1 year      
Number of extension options | extension       3       3   3      
Mortgage Loan Due November 2027 4.75% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Basis spread on variable rate                   4.75%      
Debt balance       $ 121,500       $ 121,500   $ 121,500   121,500  
Term of extension option (in years)                   1 year      
Number of extension options | extension       2       2   2      
SOFR Floor (as a percent)       2.75%       2.75%   2.75%      
Mortgage Loan due December 2028 8.51% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       4       4   4      
Interest rate       8.51%       8.51%   8.51%      
Debt balance       $ 30,200       $ 30,200   $ 30,200   30,200  
Preferred investment due May 2029 11.14% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Interest rate       11.14%       11.14%   11.14%      
Debt balance       $ 89,295       $ 89,295   $ 89,295   $ 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  
Term Loan due May 2033 11.26% | Mortgages                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Interest rate       11.26%       11.26%   11.26%      
Debt balance       $ 15,586       $ 15,586   $ 15,586   $ 15,660  
Loan due March 2026 3.83% | Disposal Group, Held-for-sale, Not Discontinued Operations                          
Debt Instrument [Line Items]                          
Collateral | hotel       2       2   2      
Basis spread on variable rate                   3.83%      
Indebtedness, net related to assets held for sale       $ 0       $ 0   $ 0   38,820  
Loan due July 2026 5.47% | Disposal Group, Held-for-sale, Not Discontinued Operations                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Basis spread on variable rate                   5.47%      
Indebtedness, net related to assets held for sale       $ 29,495       $ 29,495   $ 29,495   0  
Loan due February 2027 4.37% | Disposal Group, Held-for-sale, Not Discontinued Operations                          
Debt Instrument [Line Items]                          
Collateral | hotel       1       1   1      
Basis spread on variable rate                   4.37%      
Indebtedness, net related to assets held for sale       $ 38,873       $ 38,873   $ 38,873   $ 0  
Mortgage Loan, Refinanced | Mortgages | Subsequent Event                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 5.24%                        
Debt balance $ 525,000                        
Term of extension option (in years) 1 year                        
Initial term 2 years                        
Number of extension options | extension 3