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Summary of Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2023
Investments, All Other Investments [Abstract]  
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments Carrying amounts and estimated fair values of financial instruments, for periods indicated, were as follows (in thousands):
March 31, 2023December 31, 2022
Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair Value
Financial assets measured at fair value:
Derivative assets$37,348 $37,348 $47,182 $47,182 
Financial liabilities measured at fair value:
Embedded debt derivative$24,621 $24,621 $23,687 $23,687 
Financial assets not measured at fair value:
Cash and cash equivalents$344,935 $344,935 $417,064 $417,064 
Restricted cash143,821 143,821 141,962 141,962 
Accounts receivable, net62,049 62,049 49,809 49,809 
Notes receivable, net5,151 
4,893 to 5,408
5,062 
4,809 to 5,315
Due from Ashford Inc., net— — 486 486 
Due from related parties, net3,353 3,353 6,570 6,570 
Due from third-party hotel managers20,596 20,596 22,462 22,462 
Financial liabilities not measured at fair value:
Indebtedness $3,768,804 
$3,465,530 to $3,830,320
$3,815,023 
$3,500,635 to $3,869,122
Accounts payable and accrued expenses127,892 127,892 115,970 115,970 
Accrued interest payable 14,306 14,306 15,287 15,287 
Dividends and distributions payable3,193 3,193 3,118 3,118 
Due to Ashford Inc., net6,480 6,480 — — 
Due to third-party hotel managers1,701 1,701 1,319 1,319