Investment in Unconsolidated Entity (Details) - USD ($)	3 Months Ended
Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Investment amount	$ 0	$ 51,000
Carrying value of the investment in OpenKey (in thousands)	2,674,000		$ 2,811,000
Equity in earnings (loss) of unconsolidated entities	(137,000)	(79,000)
OpenKey
Schedule of Equity Method Investments [Line Items]
Investment amount	5,000,000.0
Impairment of investments in unconsolidated entities	0	0
Carrying value of the investment in OpenKey (in thousands)	$ 2,674,000		$ 2,811,000
Ownership interest in OpenKey	17.10%		17.50%
Equity in earnings (loss) of unconsolidated entities	$ (137,000)	$ (79,000)

This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment.

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The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting.

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