Note 6 - Debt - Schedule of Debt (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2025	Dec. 31, 2024
Carrying value, collateral		$ 211,724
Revolving Credit Facility (1)		100,000	$ 110,000
Outstanding		383,225	409,182
Unamortized term loan and mortgage debt issue costs		(2,169)	(2,332)
Total debt outstanding		$ 381,056	406,850
Unsecured Delayed-draw Term Loan [Member]
Interest rate	[1]	5.93%
Maturity date	[1]	Oct. 28, 2025
Carrying value, collateral	[1]	$ 0
Outstanding	[1]	$ 140,000	140,000
First Mortgage Lien Secured by Hampton Inn & Suites, Houston Medical Center, TX [Member]
Interest rate		4.25%
Maturity date		Jan. 06, 2025
Carrying value, collateral		$ 0
Outstanding		$ 0	15,957
First Mortgage Lien Secured by Courtyard by Marriott, Dallas, TX [Member]
Interest rate		7.61%
Maturity date		Sep. 11, 2028
Carrying value, collateral		$ 39,144
Outstanding		$ 24,500	24,500
First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member]
Interest rate	[2]	7.29%
Maturity date	[2]	Jun. 11, 2029
Carrying value, collateral	[2]	$ 29,551
Outstanding	[2]	$ 23,300	23,300
First Mortgage Lien Secured by Residence Inn by Marriott Austin, TX [Member]
Interest rate		7.42%
Maturity date		Sep. 06, 2033
Carrying value, collateral		$ 33,466
Outstanding		$ 20,850	20,850
First Mortgage Lien Secured by TownePlace Suites by Marriott Austin, TX [Member]
Interest rate		7.42%
Maturity date		Sep. 06, 2033
Carrying value, collateral		$ 29,787
Outstanding		$ 19,075	19,075
First Mortgage Lien Secured by Courtyard by Marriott Summerville, SC [Member]
Interest rate		7.33%
Maturity date		Sep. 11, 2033
Carrying value, collateral		$ 18,052
Outstanding		$ 9,000	9,000
First Mortgage Lien Secured by Residence Inn by Marriott Summerville, SC [Member]
Interest rate		7.33%
Maturity date		Sep. 11, 2033
Carrying value, collateral		$ 16,799
Outstanding		$ 9,500	9,500
First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member]
Interest rate		6.70%
Maturity date		Jun. 06, 2034
Carrying value, collateral		$ 32,702
Outstanding		$ 22,000	22,000
First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member]
Interest rate	[3]	6.70%
Maturity date	[3]	Jun. 11, 2034
Carrying value, collateral	[3]	$ 12,223
Outstanding	[3]	$ 15,000	15,000
Revolving Credit Facility [Member]
Interest rate	[4]	5.97%
Maturity date	[4]	Oct. 28, 2026
Carrying value, collateral	[4]	$ 0
Revolving Credit Facility (1)	[4]	$ 100,000	$ 110,000

[1] The interest rate for the unsecured term loan is variable and based on one-month term SOFR plus a spread of 1.45% to 2.20% based on the Company's leverage and a credit spread adjustment of 0.10%.

[2] On May 31, 2024, a subsidiary of Chatham entered into an agreement with Wells Fargo Bank to obtain a $23.3 million loan secured by the Hyatt Place Pittsburgh. The loan has a term of five years, carries a fixed interest rate of 7.29%, and is interest-only for its duration.

[3] On June 6, 2024, two subsidiaries of Chatham entered into two agreements with Barclays Capital Real Estate and Wells Fargo Bank to obtain a $22.0 million loan secured by the SpringHill Suites Savannah and a $15.0 million loan secured by the Hampton Inn & Suites Exeter. Each loan has a term of ten years, carries a fixed interest rate of 6.70%, and is interest-only for its duration.

[4] The interest rate for the revolving credit facility is variable and based on one-month term secured overnight financing rate ("SOFR") plus a spread of 1.50% to 2.25% based on the Company's leverage and a credit spread adjustment of 0.10%.