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Note 6 - Debt (Details Textual) - USD ($)
$ in Thousands

9 Months Ended

12 Months Ended

Sep. 25, 2025

Jun. 06, 2024

May 31, 2024

Oct. 28, 2022

Sep. 30, 2025

Sep. 30, 2024

Dec. 31, 2024

May 03, 2024

Dec. 19, 2022

Long-Term Debt

$ 338,846

$ 406,850

Repayments of Secured Debt

15,957

$ 282,899

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

Secured Overnight Financing Rate (SOFR) [Member]

Reported Value Measurement [Member]

Long-Term Debt, Percentage Bearing Fixed Interest, Amount

153,000

164,800

Long-Term Debt, Percentage Bearing Variable Interest, Amount

$ 200,000

250,000

Unsecured Delayed-draw Term Loan [Member]

Debt Instrument, Face Amount

$ 140,000

Debt Instrument, Interest Rate, Stated Percentage

^[1]

5.61%

Repayments of Debt

$ 140,000

First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member]

Debt Instrument, Interest Rate, Stated Percentage

^[2]

7.29%

First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member] | Wells Fargo Bank [Member]

Debt Instrument, Face Amount

$ 23,300

Debt Instrument, Term (Year)

5 years

Debt Instrument, Interest Rate, Stated Percentage

7.29%

First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member]

Debt Instrument, Interest Rate, Stated Percentage

6.70%

Repayments of Secured Debt

27,600

First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member] | Barclays Capital Real Estate and Wells Fargo Bank [Member[

Debt Instrument, Face Amount

$ 22,000

Debt Instrument, Term (Year)

10 years

Debt Instrument, Interest Rate, Stated Percentage

6.70%

First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member]

Debt Instrument, Interest Rate, Stated Percentage

^[3]

6.70%

First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member] | Barclays Capital Real Estate and Wells Fargo Bank [Member[

Debt Instrument, Face Amount

$ 15,000

Debt Instrument, Term (Year)

10 years

Debt Instrument, Interest Rate, Stated Percentage

6.70%

Unsecured Term Loan [Member]

Debt Instrument, Face Amount

200,000

Proceeds from Issuance of Debt

$ 200,000

New Credit Facility, Revolving Credit Facility and Unsecured Term Loan [Member]

Debt Instrument, Extension Term (Year)

1 year

Debt Instrument, Borrowing Commitment

$ 500,000

Debt Instrument, Accordion Feature, Borrowing Commitment

650,000

Revolving Credit Facility and Unsecured Term Loan [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 300,000

Long-Term Debt

$ 200,000

250,000

First Mortgage Lien Secured by Hampton Inn & Suites, Houston Medical Center, TX [Member]

Debt Instrument, Interest Rate, Stated Percentage

4.25%

Repayments of Secured Debt

$ 16,000

First Mortgage Lien Secured by Residence Inn Marriott, Garden Grove, CA [Member]

Repayments of Secured Debt

29,300

First Mortgage Lien Secured by Residence Inn by Marriott, Mountain View, CA [Member]

Repayments of Secured Debt

34,900

First Mortgage Lien Secured by Residence Inn by Residence Inn by Marriott, Silicon Valley I, CA [Member]

Repayments of Secured Debt

59,500

First Mortgage Lien Secured by Residence Inn by Residence Inn by Marriott, Silicon Valley II, CA [Member]

Repayments of Secured Debt

65,000

First Mortgage Lien Secured by Residence Inn by Residence Inn by Marriott, San Mateo, CA [Member]

Repayments of Secured Debt

44,700

First Mortgage Lien Secured by Hilton Garden Inn, Marina del Rey, CA [Member]

Repayments of Secured Debt

18,800

First Mortgage Lien Secured by Homewood Suites by Hilton, Billerica, MA [Member]

Repayments of Secured Debt

$ 14,200

Minimum [Member] | Unsecured Delayed-draw Term Loan [Member]

Debt Instrument, Basis Spread on Variable Rate

1.45%

Maximum [Member] | Unsecured Delayed-draw Term Loan [Member]

Debt Instrument, Basis Spread on Variable Rate

2.20%

Revolving Credit Facility [Member]

Debt Instrument, Interest Rate, Stated Percentage

^[4]

5.66%

Line of Credit Facility, Maximum Borrowing Capacity

300,000

Revolving Credit Facility [Member] | Minimum [Member]

Debt Instrument, Basis Spread on Variable Rate

1.50%

Revolving Credit Facility [Member] | Maximum [Member]

Debt Instrument, Basis Spread on Variable Rate

2.25%

Existing Revolving Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 260,000

Repayments of Debt

$ 60,000

[1]	The interest rate for the unsecured term loan is variable and based on one-month term SOFR plus a spread of 1.45% to 2.20% based on the Company's leverage and a credit spread adjustment of 0.10%.
[2]	On May 31, 2024, a subsidiary of Chatham entered into an agreement with Wells Fargo Bank to obtain a $23.3 million loan secured by the Hyatt Place Pittsburgh. The loan has a term of five years, carries a fixed interest rate of 7.29%, and is interest-only for its duration.
[3]	On June 6, 2024, two subsidiaries of Chatham entered into two agreements with Barclays Capital Real Estate and Wells Fargo Bank to obtain a $22.0 million loan secured by the SpringHill Suites Savannah and a $15.0 million loan secured by the Hampton Inn & Suites Exeter. Each loan has a term of ten years, carries a fixed interest rate of 6.70%, and is interest-only for its duration.
[4]	The interest rate for the revolving credit facility is variable and based on one-month term secured overnight financing rate ("SOFR") plus a spread of 1.50% to 2.25% based on the Company's leverage and a credit spread adjustment of 0.10%.

X

- Definition

Maximum amount of borrowing commitment through an accordion feature under debt instrument.

+ References

No definition available.

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+ References

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- Definition

Extension period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

+ References

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- Definition

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+ References

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- Definition

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- Definition

Contractual interest rate for funds borrowed, under the debt agreement.

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- Definition

Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.

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