Note 5 - Investment in Hotel Properties

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Real Estate Disclosure [Text Block]

5. Investment in Hotel Properties

Investment in hotel properties, net

Investment in hotel properties, net as of  March 31, 2025 and  December 31, 2024 consisted of the following (in thousands):

	March 31, 2025			December 31, 2024
Land and improvements	$	275,653		$	280,415
Building and improvements		1,208,765			1,232,438
Furniture, fixtures and equipment		93,710			107,947
Finance lease assets		43,778			43,760
Renovations in progress		13,238			17,232
		1,635,144			1,681,792
Less accumulated depreciation and amortization		(466,502	)		(484,274	)
Investment in hotel properties, net	$	1,168,642		$	1,197,518