Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets [Abstract]
Real Estate Investment Property, Net	$ 1,106,890	$ 1,197,518
Cash and cash equivalents	24,435	20,195
Restricted cash	8,203	9,649
Right of use asset, net	16,912	17,547
Hotel receivables (net of allowance for doubtful accounts of $261 and $300, respectively)	2,831	2,921
Deferred costs, net	7,384	4,038
Prepaid expenses and other assets	3,726	2,813
Total assets	1,170,381	1,254,681
Liabilities and Equity:
Mortgage debt, net	141,475	157,211
Revolving credit facility	0	110,000
Unsecured term loan, net	197,438	139,638
Accounts payable and accrued expenses (including $234 and $490 due to related parties, respectively)	26,648	29,621
Operating and Finance Lease, Liabilities	20,067	20,634
Distributions payable	6,704	5,580
Total liabilities	392,332	462,684
Commitments and contingencies (see note 13)
Equity:
Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at December 31, 2025 and 2024, respectively	48	48
Common shares, $0.01 par value, 500,000,000 shares authorized; 47,708,587 and 48,912,293 shares issued and outstanding at December 31, 2025 and 2024, respectively	477	489
Additional paid-in capital	1,039,804	1,046,812
Accumulated deficit	(299,527)	(289,130)
Total shareholders’ equity	740,802	758,219
Noncontrolling Interests:
Noncontrolling interest in operating partnership	37,247	33,778
Total equity	778,049	791,997
Total liabilities and equity	$ 1,170,381	$ 1,254,681