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v3.25.3

Note 6 - Debt (Tables) | 9 Months Ended
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Sep. 30, 2025
Notes Tables |
Schedule of Debt [Table Text Block] |
|  |  |  |  |  |  |  |  | September 30, 2025 |  |  |  |  |  |  |  |  |
|  | Interest |  |  | Maturity |  |  | Property |  |  | Balance Outstanding on Loan as of |
Collateral |  | Rate |  |  | Date |  |  | Carrying Value |  |  | September 30, 2025 |  |  | December 31, 2024 |
Revolving Credit Facility (1) |  |  | 5.66 | % |  | September 25, 2029 |  |  | $ | — |  |  | $ | — |  |  | $ | 110,000 |
Unsecured Term Loan (2) |  |  | 5.61 | % |  | September 25, 2029 |  |  |  | — |  |  |  | 200,000 |  |  |  | 140,000 |
Hampton Inn & Suites Houston Medical Center, TX |  |  | 4.25 | % |  | January 6, 2025 |  |  |  | — |  |  |  | — |  |  |  | 15,957 |
Courtyard by Marriott Dallas, TX |  |  | 7.61 | % |  | September 11, 2028 |  |  |  | 38,680 |  |  |  | 24,500 |  |  |  | 24,500 |
Hyatt Place Pittsburgh, PA (3) |  |  | 7.29 | % |  | June 11, 2029 |  |  |  | 29,089 |  |  |  | 23,300 |  |  |  | 23,300 |
Residence Inn by Marriott Austin, TX |  |  | 7.42 | % |  | September 6, 2033 |  |  |  | 34,545 |  |  |  | 20,850 |  |  |  | 20,850 |
TownePlace Suites by Marriott Austin, TX |  |  | 7.42 | % |  | September 6, 2033 |  |  |  | 29,172 |  |  |  | 19,075 |  |  |  | 19,075 |
Courtyard by Marriott Summerville, SC |  |  | 7.33 | % |  | September 11, 2033 |  |  |  | 17,706 |  |  |  | 9,000 |  |  |  | 9,000 |
Residence Inn by Marriott Summerville, SC |  |  | 7.33 | % |  | September 11, 2033 |  |  |  | 16,626 |  |  |  | 9,500 |  |  |  | 9,500 |
SpringHill Suites by Marriott Savannah, GA (4) |  |  | 6.70 | % |  | June 6, 2034 |  |  |  | 32,057 |  |  |  | 22,000 |  |  |  | 22,000 |
Hampton Inn & Suites Exeter, NH (4) |  |  | 6.70 | % |  | June 11, 2034 |  |  |  | 12,054 |  |  |  | 15,000 |  |  |  | 15,000 |
Total debt before unamortized debt issue costs |  |  |  |  |  |  |  |  | $ | 209,929 |  |  | $ | 343,225 |  |  | $ | 409,182 |
Unamortized term loan and mortgage debt issue costs |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,379 | ) |  |  | (2,332 | )
Total debt outstanding |  |  |  |  |  |  |  |  |  |  |  |  | $ | 338,846 |  |  | $ | 406,850 |
Schedule of Maturities of Long-Term Debt [Table Text Block] |
|  | Amount |
2025 (remaining three months) |  | $ | — |
2026 |  |  | — |
2027 |  |  | — |
2028 |  |  | 24,590 |
2029 |  |  | 223,681 |
Thereafter |  |  | 94,954 |
Total debt before unamortized debt issue costs |  | $ | 343,225 |
Unamortized term loan and mortgage debt issue costs |  |  | (4,379 | )
Total debt outstanding |  | $ | 338,846 |

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