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Note 15 - Segment Information | 3 Months Ended
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Mar. 31, 2025
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 15. Segment Information Management evaluates the Company's hotels as a single reportable segment as a result of aggregating multiple operating segments, because all of the Company's hotels have similar economic characteristics and provide similar services to similar types of customers. Our single reportable segment comprises the structure used by our Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, who collectively have been determined to be our Chief Operating Decision Maker ("CODM"), to make key operating decisions and assess performance. Our CODM evaluates our single reportable segment's operating performance based on individual hotel property net income (loss) before interest expense, income tax expense, depreciation and amortization, corporate general and administrative expense, impairment loss, loss on early extinguishment of debt, other charges, interest and other income, and gains or losses on sales of hotel properties ("Adjusted Hotel EBITDA"). Our single reportable segment's assets are consistent with total assets included in the Company's consolidated balance sheets. The following table includes revenue, significant hotel operating expenses, and Adjusted Hotel EBITDA for the Company’s hotels, reconciled to Net income (loss) (in thousands):
|  | For the three months ended |
|  | March 31, |
|  | 2025 |  |  | 2024 |
Revenue: |  |  |  |  |  |  |  |
Room |  | $ | 62,418 |  |  | $ | 62,483 |
Food and beverage |  |  | 1,659 |  |  |  | 1,846 |
Other |  |  | 4,281 |  |  |  | 3,836 |
Total hotel property level revenue (1) |  |  | 68,358 |  |  |  | 68,165 |
Expenses: |  |  |  |  |  |  |  |
Room |  |  | 14,828 |  |  |  | 15,133 |
Food and beverage |  |  | 1,437 |  |  |  | 1,483 |
Telephone |  |  | 311 |  |  |  | 319 |
Other hotel operating |  |  | 1,025 |  |  |  | 819 |
General and administrative |  |  | 6,911 |  |  |  | 7,166 |
Franchise and marketing fees |  |  | 5,431 |  |  |  | 5,489 |
Advertising and promotions |  |  | 1,607 |  |  |  | 1,343 |
Utilities |  |  | 3,153 |  |  |  | 3,009 |
Repairs and maintenance |  |  | 3,959 |  |  |  | 3,954 |
Management fees paid to related parties |  |  | 2,290 |  |  |  | 2,309 |
Insurance |  |  | 827 |  |  |  | 820 |
Property taxes, ground rent and insurance |  |  | 5,744 |  |  |  | 5,293 |
Total hotel property level expenses |  |  | 47,523 |  |  |  | 47,137 |
Adjusted Hotel EBITDA |  | $ | 20,835 |  |  | $ | 21,028 |
Reconciliation of Adjusted Hotel EBITDA to net income (loss) |  |  |  |  |  |  |  |
Interest expense, including amortization of deferred fees |  |  | (6,852 | ) |  |  | (7,307 | )
Depreciation and amortization |  |  | (15,032 | ) |  |  | (15,255 | )
Corporate general and administrative |  |  | (4,606 | ) |  |  | (4,594 | )
Other charges |  |  | (7 | ) |  |  | (50 | )
Interest and other income |  |  | 63 |  |  |  | 846 |
Gain on sale of hotel properties |  |  | 7,118 |  |  |  | (152 | )
Net income (loss) |  | $ | 1,519 |  |  | $ | (5,484 | )
(1) The difference between total hotel property level revenue and total revenue on the consolidated statements of operations is due to reimbursable costs from related parties of $0.3 million and $0.3 million for the three months ended March 31, 2025 and 2024, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. 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