Summary of Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025	Dec. 31, 2024
Financial assets measured at fair value:
Derivative assets	$ 341	$ 56
Financial assets not measured at fair value:
Restricted cash	55,357	42,479	$ 54,546	$ 49,592
Financial liabilities not measured at fair value:
Dividends and distributions payable	3,907	7,672
Nonrelated Party
Financial assets not measured at fair value:
Due from third-party hotel managers	28,054	17,088
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	3,392	1,467
Ashford Inc.
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	1,924	5,148
Related Party
Financial assets not measured at fair value:
Due from third-party hotel managers	367	0
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	341	56
Financial assets not measured at fair value:
Cash and cash equivalents	93,385	124,354
Restricted cash	55,357	42,479
Accounts receivable, net	37,045	32,843
Note receivable	9,045	8,896
Financial liabilities not measured at fair value:
Indebtedness	1,112,911	1,112,741
Accounts payable and accrued expenses	139,573	142,123
Redeemable preferred stock redemptions payable	46,719	30,864
Dividends and distributions payable	3,907	7,672
Carrying Value | Nonrelated Party
Financial assets not measured at fair value:
Due from third-party hotel managers	28,054	17,088
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	3,392	1,467
Carrying Value | Ashford Inc.
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	1,924	5,148
Carrying Value | Related Party
Financial assets not measured at fair value:
Due from related parties, net	367	0
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	341	56
Financial assets not measured at fair value:
Cash and cash equivalents	93,385	124,354
Restricted cash	55,357	42,479
Accounts receivable, net	37,045	32,843
Note receivable	9,045	8,896
Financial liabilities not measured at fair value:
Indebtedness	1,113,025	1,113,025
Accounts payable and accrued expenses	139,573	142,123
Redeemable preferred stock redemptions payable	46,719	30,864
Dividends and distributions payable	3,907	7,672
Estimated Fair Value | Nonrelated Party
Financial assets not measured at fair value:
Due from third-party hotel managers	28,054	17,088
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	3,392	1,467
Estimated Fair Value | Ashford Inc.
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	1,924	5,148
Estimated Fair Value | Related Party
Financial assets not measured at fair value:
Due from related parties, net	367	0
Financial liabilities not measured at fair value:
Due to related parties and nonrelated parties, Carrying Value	$ 0	$ 257