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Note 15 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		For the three months ended								For the nine months ended
		September 30,								September 30,
		2025				2024				2025				2024
Revenue:
Room		$	71,923			$	80,236			$	207,737			$	221,762
Food and beverage			1,561				1,832				5,083				5,806
Other			4,649				4,826				13,715				13,695
Total hotel property level revenue (1)			78,133				86,894				226,535				241,263
Expenses:
Room			15,469				17,011				45,255				49,110
Food and beverage			1,368				1,592				4,192				4,683
Telephone			292				343				884				991
Other hotel operating			1,171				1,188				3,353				3,031
General and administrative			6,667				7,506				20,703				21,903
Franchise and marketing fees			6,349				6,990				18,215				19,415
Advertising and promotions			1,923				1,677				5,185				4,604
Utilities			3,597				3,946				9,561				10,061
Repairs and maintenance			3,797				4,178				11,463				12,235
Management fees paid to related parties			2,600				2,959				7,575				8,118
Insurance			813				851				2,459				2,504
Property taxes, ground rent and insurance			5,328				6,453				17,205				17,728
Total hotel property level expenses			49,374				54,694				146,050				154,383
Adjusted Hotel EBITDA		$	28,759			$	32,200			$	80,485			$	86,880
Reconciliation of Adjusted Hotel EBITDA to Net income
Interest expense, including amortization of deferred fees			(6,243	)			(8,262	)			(19,508	)			(23,292	)
Depreciation and amortization			(14,707	)			(15,287	)			(45,133	)			(45,455	)
Corporate general and administrative			(4,142	)			(4,395	)			(12,741	)			(13,623	)
Other charges			(16	)			-				(24	)			(77	)
Loss on early extinguishment of debt			(174	)			-				(174	)			(17	)
Interest and other income			71				97				192				1,627
Gain (loss) on sale of hotel properties			39				(14	)			7,507				(154	)
Net income		$	3,587			$	4,339			$	10,604			$	5,889

X

- 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

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- References

No definition available.

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