XML 21 R11.htm IDEA: XBRL DOCUMENT v3.26.1
Note 3 - Acquisition of Hotel Properties
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Asset Acquisition [Text Block]

3.

Acquisition of Hotel Properties

 

On March 3, 2026, the Company acquired a portfolio of six hotel properties for $92.0 million, which included the Hampton Inn & Suites Paducah ("HI Paducah"), the Homewood Suites by Hilton Paducah ("HWS Paducah"), the Homewood Suites by Hilton Joplin ("HWS Joplin"), the Home2 Suites by Hilton Joplin ("Home2 Joplin"), the Hampton Inn & Suites Effingham ("HI Effingham") and the Home2 Suites by Hilton Effingham ("Home2 Effingham") hotel properties. The Company allocated the purchase price of the hotel properties acquired based on the estimated fair values of the assets on the date of acquisition. Property acquisition costs of $0.5 million were capitalized in 2026.