Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Book income before income taxes	$ 15,313	$ 4,035	$ 2,488
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of investment in hotel properties	59,551	60,523	58,040
Amortization of deferred franchise fees	198	211	214
Amortization of deferred financing fees included in interest expense	1,468	1,363	1,201
Gain on sale of hotel properties	(14,369)	(5,713)	(18)
Impairment loss	0	4,256	4,266
Write-off of hotel development costs included in other charges	0	0	2,238
Loss on early extinguishment of debt	174	17	672
Gain (Loss) on write-off of deferred franchise fee	0	50	0
Share based compensation	6,256	6,398	6,117
Gain from partial lease termination	0	0	(164)
Changes in assets and liabilities:
Right of use asset	635	593	625
Hotel receivables	92	1,324	803
Deferred costs	(1,185)	(271)	(102)
Prepaid expenses and other assets	(1,001)	942	(382)
Accounts payable and accrued expenses	(2,513)	256	1,048
Lease liability	(541)	(159)	(604)
Net cash provided by operating activities	64,078	73,825	76,442
Cash flows from investing activities:
Improvements and additions to hotel properties	(24,517)	(30,603)	(28,113)
Acquisition of hotel properties, net	0	(43,734)	0
Proceeds from sale of hotel properties, net	69,992	45,868	0
Payments of franchise application costs	(110)	(700)	0
Net cash provided by (used in) investing activities	45,365	(29,169)	(28,113)
Cash flows from financing activities:
Borrowings on revolving credit facility	15,000	150,000	0
Repayments on revolving credit facility	(125,000)	(40,000)	0
Repayments on construction loan	0	0	(39,331)
Borrowings on unsecured term loan	200,000	50,000	90,000
Repayments on unsecured term loan	(140,000)	0	0
Repayments of mortgage debt	(15,957)	(297,227)	(117,742)
Proceeds from the issuance of mortgage debt	0	60,300	82,925
Principal payments on finance lease	(26)	(15)	0
Payments of financing costs	(6,184)	(1,066)	(1,482)
Payment of offering costs on common shares	0	(278)	(2)
Proceeds from issuance of common shares	54	53	61
In-substance repurchase of vested common shares	(5)	0	0
Repurchases of common shares	(8,967)	0	0
Distributions - common shares/units	(17,614)	(14,378)	(14,212)
Distributions - preferred shares	(7,950)	(7,950)	(7,950)
Net cash used in financing activities	(106,649)	(100,561)	(7,733)
Net change in cash, cash equivalents and restricted cash	2,794	(55,905)	40,596
Cash, cash equivalents and restricted cash, beginning of period	29,844	85,749	45,153
Cash, cash equivalents and restricted cash, end of period	32,638	29,844	85,749
Supplemental disclosure of cash flow information:
Cash paid for interest	24,186	29,480	24,900
Cash paid for taxes	637	871	930
Remeasurement of right of use asset from partial lease termination	0	0	531
Remeasurement of lease liability from partial lease termination	$ 0	$ 0	$ 695