Note 15 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	For the year ended
	December 31,
	2025			2024			2023
Revenue:
Room	$	269,206		$	290,290		$	284,999
Food and beverage		6,894			7,737			8,124
Other		17,897			18,077			16,703
Total hotel property level revenue (1)		293,997			316,104			309,826
Expenses:
Room		59,752			65,311			61,794
Food and beverage		5,517			6,218			6,352
Telephone		1,172			1,360			1,439
Other hotel operating		4,487			4,127			3,712
General and administrative		27,010			28,826			28,884
Franchise and marketing fees		23,620			25,355			24,897
Advertising and promotions		6,804			6,229			6,085
Utilities		12,372			13,161			13,007
Repairs and maintenance		15,272			16,516			15,837
Management fees paid to related parties		9,895			10,733			10,557
Insurance		3,272			3,340			2,822
Property taxes, ground rent and insurance		21,952			23,709			23,507
Total hotel property level expenses		191,125			204,885			198,893
Adjusted Hotel EBITDA	$	102,872		$	111,219		$	110,933
Reconciliation of Adjusted Hotel EBITDA to Net income
Interest expense, including amortization of deferred fees		(25,659	)		(30,880	)		(27,128	)
Depreciation and amortization		(59,749	)		(60,741	)		(58,254	)
Corporate general and administrative		(16,589	)		(18,388	)		(17,517	)
Other charges		(27	)		(327	)		(2,300	)
Impairment loss		—			(4,256	)		(4,266	)
Loss on early extinguishment of debt		(174	)		(17	)		(696	)
Interest and other income		270			1,712			1,534
Gain on sale of hotel properties		14,369			5,713			18
Gain from partial lease termination		—			—			164
Net income	$	15,313		$	4,035		$	2,488