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Acquisition of Hotel Properties (Tables)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]    
Hotel Acquisition
Also during the year ended December 31, 2024, the Company acquired a 100% interest in the following property:
PropertyLocationAcquisition DateManagement CompanyRoomsPurchase Price (in thousands)
Hotel TeatroDenver, COJune 13, 2024Sage Hospitality110 $35,500 
During the year ended December 31, 2022, the Company acquired a 100% interest in the following property:
Property (1)LocationAcquisition DateManagement Company (1)RoomsPurchase Price (in thousands)
21c Hotel NashvilleNashville, TNJuly 29, 2022Accor Hotels124 $59,000 
(1)    During the year ended December 31, 2023, the Company converted this hotel to The Bankers Alley Hotel, a Tapestry Collection by Hilton, and transitioned management to an affiliate of Hilton.
Asset Acquisition, Transaction Costs The allocation of the costs for the property acquired was as follows (in thousands):
December 31, 2024
Land and improvements$3,433 
Buildings and improvements29,718 
Furniture, fixtures and equipment2,996 
Total purchase price $36,147 
 The allocation of the costs for the property acquired was as follows (in thousands):
December 31, 2022
Land and improvements$19,807 
Buildings and improvements36,223 
Furniture, fixtures and equipment4,081 
Total purchase price $60,111