Condensed Consolidated Statements of Operations - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
REVENUE
Total revenue	$ 118,516,000	$ 121,118,000	$ 247,029,000	$ 223,607,000
Hotel operating expenses:
Total hotel expenses	76,728,000	72,208,000	159,231,000	136,027,000
Property taxes, insurance and other	5,206,000	6,077,000	12,666,000	11,681,000
Depreciation and amortization	18,474,000	14,811,000	35,160,000	27,817,000
Impairment charges	0	59,000	0	71,000
Advisory services fee	4,397,000	4,880,000	10,421,000	10,124,000
Transaction costs	70,000	461,000	704,000	949,000
Corporate general and administrative	932,000	1,206,000	2,058,000	1,234,000
Total expenses	105,807,000	99,702,000	220,240,000	187,903,000
Gain (loss) on sale of assets and hotel properties	9,000	15,711,000	9,000	15,711,000
OPERATING INCOME (LOSS)	12,718,000	37,127,000	26,798,000	51,415,000
Equity in earnings (loss) of unconsolidated entity			(101,000)	(65,000)
Interest income	287,000	230,000	649,000	430,000
Other income (expense)	(139,000)	(63,000)	(256,000)	(126,000)
Interest expense and amortization of loan costs	(14,055,000)	(12,678,000)	(28,248,000)	(22,857,000)
Write-off of loan costs and exit fees	0	(4,176,000)	(312,000)	(4,178,000)
Unrealized gain (loss) on investment in Ashford Inc.	(4,626,000)	(6,024,000)	(3,919,000)	(5,496,000)
Unrealized gain (loss) on derivatives	654,000	(298,000)	(218,000)	(225,000)
INCOME (LOSS) BEFORE INCOME TAXES	(5,212,000)	14,056,000	(5,607,000)	18,898,000
Income tax (expense) benefit	(411,000)	(1,202,000)	(1,338,000)	(1,774,000)
NET INCOME (LOSS)	(5,623,000)	12,854,000	(6,945,000)	17,124,000
(Income) loss attributable to noncontrolling interest in consolidated entities	248,000	(89,000)	149,000	(47,000)
Net (income) loss attributable to redeemable noncontrolling interests in operating partnership	865,000	(1,235,000)	1,305,000	(1,527,000)
NET INCOME (LOSS) ATTRIBUTABLE TO THE COMPANY	(4,510,000)	11,530,000	(5,491,000)	15,550,000
Preferred dividends	(2,532,000)	(1,708,000)	(5,064,000)	(3,415,000)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS	$ (7,042,000)	$ 9,822,000	$ (10,555,000)	$ 12,135,000
INCOME (LOSS) PER SHARE - BASIC:
Net income (loss) attributable to common stockholders (in dollars per share)	$ (0.22)	$ 0.30	$ (0.34)	$ 0.37
Weighted average common shares outstanding – basic (in shares)	32,307	32,006	32,213	31,845
INCOME (LOSS) PER SHARE - DILUTED:
Net income (loss) attributable to common stockholders (in dollars per share)	$ (0.22)	$ 0.29	$ (0.34)	$ 0.37
Weighted average common shares outstanding – diluted (in shares)	32,307	38,588	32,213	31,853
Total hotel revenue
REVENUE
Total revenue	$ 118,516,000	$ 121,118,000	$ 247,024,000	$ 223,607,000
Rooms
REVENUE
Total revenue	75,121,000	78,439,000	151,852,000	143,946,000
Hotel operating expenses:
Total hotel expenses	16,833,000	16,652,000	33,815,000	31,570,000
Food and beverage
REVENUE
Total revenue	25,790,000	25,393,000	57,904,000	48,893,000
Hotel operating expenses:
Total hotel expenses	19,394,000	17,287,000	41,604,000	32,907,000
Other
REVENUE
Total revenue	17,605,000	17,286,000	37,268,000	30,768,000
Hotel operating expenses:
Total hotel expenses	36,335,000	33,768,000	75,230,000	63,432,000
Other
REVENUE
Total revenue	0	0	5,000	0
Management fees
Hotel operating expenses:
Total hotel expenses	4,166,000	4,501,000	8,582,000	8,118,000
OpenKey
Hotel operating expenses:
Equity in earnings (loss) of unconsolidated entity	$ (51,000)	$ (62,000)	$ (101,000)	$ (65,000)