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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:          
Net income $ 3,587 $ 4,339 $ 10,604 $ 5,889  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization of investment in hotel properties     44,983 45,290  
Amortization of deferred franchise fees     150 158  
Amortization of deferred financing fees included in interest expense     1,008 1,002  
(Gain) loss on sale of hotel properties (39) 14 (7,507) 154  
Loss on early extinguishment of debt 174 0 174 17  
Gain (Loss) on write-off of deferred franchise fee     0 50  
Share-based compensation     4,710 4,911  
Changes in assets and liabilities:          
Right of use asset     472 441  
Hotel receivables     (989) 9  
Deferred costs     58 (253)  
Prepaid expenses and other assets     (4,036) (2,473)  
Accounts payable and accrued expenses     2,596 5,735  
Lease liability     (397) (44)  
Net cash provided by operating activities     51,826 60,886  
Cash flows from investing activities:          
Improvements and additions to hotel properties     (20,427) (24,857)  
Acquisition of hotel properties     0 (43,732)  
Proceeds from sale of hotel properties, net     52,956 17,166  
Payments of franchise application costs     (110) (700)  
Net cash provided by (used in) investing activities     32,419 (52,123)  
Cash flows from financing activities:          
Borrowings on revolving credit facility     15,000 136,000  
Repayments on revolving credit facility     (125,000) (11,000)  
Borrowings on unsecured term loan     200,000 50,000  
Repayments on unsecured term loan     (140,000) 0  
Repayments of mortgage debt     (15,957) (282,899)  
Proceeds from the issuance of mortgage debt     0 60,300  
Principal payments on finance lease     (26) (15)  
Payment of financing costs     (5,854) (1,064)  
Payment of offering costs on common shares     0 (278)  
Proceeds from issuance of common shares     43 41  
In-substance repurchase of vested common shares     (5) 0  
Repurchases of common shares     (1,976) 0  
Distributions-common shares/units     (12,982) (10,790)  
Distributions-preferred shares     (5,962) (5,962)  
Net cash used in financing activities     (92,719) (65,667)  
Net change in cash, cash equivalents and restricted cash     (8,474) (56,904)  
Cash, cash equivalents and restricted cash, beginning of period     29,844 85,749 $ 85,749
Cash, cash equivalents and restricted cash, end of period $ 21,370 $ 28,845 21,370 28,845 $ 29,844
Supplemental disclosure of cash flow information:          
Cash paid for interest     18,619 22,313  
Cash paid for taxes     $ 955 $ 948