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v3.25.1

Note 15 - Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | 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 | )

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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