v3.26.1
Summary of Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Jun. 30, 2025
Dec. 31, 2024
Financial assets measured at fair value:        
Derivative assets $ 1,256 $ 410    
Financial assets not measured at fair value:        
Cash and cash equivalents 72,510 66,145 $ 99,965 $ 112,907
Restricted cash 136,985 149,580 153,870 $ 99,695
Accounts receivable, net 38,883 32,752    
Notes receivable, net 12,880 12,187    
Financial liabilities not measured at fair value:        
Debt associated with hotels in receivership 273,971 294,771    
Accounts payable and accrued expenses 114,368 123,773    
Accrued interest payable 31,224 12,176    
Accrued interest associated with hotels in receivership 94,327 84,155    
Dividends and distributions payable 4,247 4,247 $ 4,166  
Related Party        
Financial assets not measured at fair value:        
Due from related parties, net and third-party hotel managers 980 0    
Financial liabilities not measured at fair value:        
Other accounts payable 0 1,949    
Nonrelated Party        
Financial assets not measured at fair value:        
Due from related parties, net and third-party hotel managers 24,240 25,667    
Financial liabilities not measured at fair value:        
Other accounts payable 1,157 882    
Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable 52,552 40,643    
Carrying Value        
Financial assets measured at fair value:        
Derivative assets 1,256 410    
Financial assets not measured at fair value:        
Cash and cash equivalents 74,955 66,816    
Restricted cash 136,985 149,580    
Accounts receivable, net 41,109 32,879    
Notes receivable, net 12,880 12,187    
Financial liabilities not measured at fair value:        
Indebtedness 1,987,282 2,565,214    
Debt associated with hotels in receivership 273,971 294,771    
Accounts payable and accrued expenses 119,120 125,817    
Accrued interest payable 31,508 12,530    
Accrued interest associated with hotels in receivership 94,327 84,155    
Dividends and distributions payable 4,247 4,247    
Carrying Value | Related Party        
Financial assets not measured at fair value:        
Due from related parties, net and third-party hotel managers 178 0    
Financial liabilities not measured at fair value:        
Other accounts payable 0 1,958    
Carrying Value | Nonrelated Party        
Financial assets not measured at fair value:        
Due from related parties, net and third-party hotel managers 24,240 25,667    
Financial liabilities not measured at fair value:        
Other accounts payable 1,157 882    
Carrying Value | Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable 53,360 40,708    
Estimated Fair Value        
Financial assets measured at fair value:        
Derivative assets, Estimated fair value 1,256 410    
Financial assets not measured at fair value:        
Cash and cash equivalents, Estimated fair value 74,955 66,816    
Restricted cash, Estimated fair value 136,985 149,580    
Accounts receivable, Estimated fair value 41,109 32,879    
Notes receivable, net, Estimated fair value 12,880 12,187    
Financial liabilities not measured at fair value:        
Indebtedness, Estimated fair value 1,987,680 2,565,117    
Debt associated with hotels in receivership, Estimated fair value 231,509 251,143    
Accounts payable and accrued expenses, Estimated fair value 119,120 125,817    
Accrued interest payable, Estimated fair value 31,508 12,530    
Accrued interest associated with hotels in receivership, Estimated fair value 94,327 84,155    
Dividends and distributions payable, Estimated fair value 4,247 4,247    
Estimated Fair Value | Related Party        
Financial assets not measured at fair value:        
Due from related parties, net and third-party hotel managers, Estimated fair value 178 0    
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value 0 1,958    
Estimated Fair Value | Nonrelated Party        
Financial assets not measured at fair value:        
Due from related parties, net and third-party hotel managers, Estimated fair value 24,240 25,667    
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value 1,157 882    
Estimated Fair Value | Ashford, Inc.        
Financial liabilities not measured at fair value:        
Other accounts payable, Estimated fair value $ 53,360 $ 40,708