v3.26.3
Summary of Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Sep. 30, 2025
Dec. 31, 2024
Financial assets measured at fair value:        
Derivative assets $ 379 $ 56    
Financial assets not measured at fair value        
Restricted cash 39,571 42,479 $ 47,682 $ 49,592
Financial liabilities not measured at fair value        
Dividends and distributions payable 3,780 7,672    
Nonrelated Party        
Financial assets not measured at fair value        
Due from third-party hotel managers 16,508 17,088    
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 408 1,467    
Ashford Inc.        
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 179,333 5,148    
Related Party        
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 0 257    
Carrying Value        
Financial assets measured at fair value:        
Derivative assets 379 56    
Financial assets not measured at fair value        
Cash and cash equivalents 99,479 124,354    
Restricted cash 48,598 42,479    
Accounts receivable, net 26,729 32,843    
Note receivable 9,359 8,896    
Financial liabilities not measured at fair value        
Indebtedness 624,414 1,112,741    
Accounts payable and accrued expenses 139,607 142,123    
Redeemable preferred stock redemptions payable 63,480 30,864    
Dividends and distributions payable 3,780 7,672    
Carrying Value | Nonrelated Party        
Financial assets not measured at fair value        
Due from third-party hotel managers 16,508 17,088    
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 625 1,467    
Carrying Value | Ashford Inc.        
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 179,333 5,148    
Carrying Value | Related Party        
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 0 257    
Estimated Fair Value        
Financial assets measured at fair value:        
Derivative assets 379 56    
Financial assets not measured at fair value        
Cash and cash equivalents 99,479 124,354    
Restricted cash 48,598 42,479    
Accounts receivable, net 26,729 32,843    
Note receivable 9,359 8,896    
Financial liabilities not measured at fair value        
Indebtedness 624,414 1,113,025    
Accounts payable and accrued expenses 139,607 142,123    
Redeemable preferred stock redemptions payable 63,480 30,864    
Dividends and distributions payable 3,780 7,672    
Estimated Fair Value | Nonrelated Party        
Financial assets not measured at fair value        
Due from third-party hotel managers 16,508 17,088    
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 625 1,467    
Estimated Fair Value | Ashford Inc.        
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value 179,333 5,148    
Estimated Fair Value | Related Party        
Financial liabilities not measured at fair value        
Due to related parties and nonrelated parties, carrying value $ 0 $ 257