Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Cash flows from operating activities:
Net income (loss)	$ 1,519	$ (5,484)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of investment in hotel properties	14,981	15,196
Amortization of deferred franchise fees	51	57
Amortization of deferred financing fees included in interest expense	330	303
(Gain) loss on sale of hotel properties	(7,118)	152
Gain (Loss) on write-off of deferred franchise fee	0	50
Share-based compensation	1,607	1,604
Changes in assets and liabilities:
Right of use asset	154	145
Hotel receivables	(164)	618
Deferred costs	65	(342)
Prepaid expenses and other assets	(5,617)	(5,917)
Accounts payable and accrued expenses	(1,492)	619
Lease liability	(126)	(110)
Net cash provided by operating activities	4,190	6,891
Cash flows from investing activities:
Improvements and additions to hotel properties	(7,092)	(10,340)
Proceeds from sale of hotel properties, net	29,855	17,166
Payments of franchise application costs	0	(500)
Net cash provided by investing activities	22,763	6,326
Cash flows from financing activities:
Borrowings on revolving credit facility	15,000	0
Repayments on revolving credit facility	(25,000)	0
Repayments of mortgage debt	(15,957)	(1,644)
Payment of financing costs	0	7
Payment of offering costs on common shares	0	(243)
Proceeds from issuance of common shares	11	13
In-substance repurchase of vested common shares	(5)	0
Distributions-common shares/units	(3,669)	(3,612)
Distributions-preferred shares	(1,987)	(1,987)
Net cash used in financing activities	(31,607)	(7,466)
Net change in cash, cash equivalents and restricted cash	(4,654)	5,751
Cash, cash equivalents and restricted cash, beginning of period	29,844	85,749	$ 85,749
Cash, cash equivalents and restricted cash, end of period	25,190	91,500	$ 29,844
Supplemental disclosure of cash flow information:
Cash paid for interest	6,424	6,782
Cash paid for taxes	$ 4	$ 8