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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets [Abstract]    
Cash and cash equivalents $ 11,342 $ 24,435
Restricted cash 6,387 8,203
Right of use asset, net 16,577 16,912
Hotel receivables (net of allowance for doubtful accounts of $296 and $261, respectively) 2,974 2,831
Deferred costs, net 6,758 7,384
Prepaid expenses and other assets 8,554 3,726
Total assets 1,234,121 1,170,381
Liabilities and Equity:    
Mortgage debt, net 141,592 141,475
Revolving credit facility 75,000 0
Unsecured term loan, net 197,728 197,438
Accounts payable and accrued expenses (including $947 and $234 due to related parties, respectively) 31,112 26,648
Lease liability 19,730 20,067
Distributions payable 7,106 6,704
Total liabilities 472,268 392,332
Commitments and contingencies (Note 13)
Equity:    
Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 48 48
Common shares, $0.01 par value, 500,000,000 shares authorized; 46,565,171 and 47,708,587 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 466 477
Additional paid-in capital 1,030,114 1,039,804
Accumulated deficit (308,939) (299,527)
Total shareholders’ equity 721,689 740,802
Noncontrolling Interests:    
Noncontrolling interest in Operating Partnership 40,164 37,247
Total equity 761,853 778,049
Total liabilities and equity 1,234,121 1,170,381
Developed Hotel Properties [Member]    
Assets [Abstract]    
Real Estate Investment Property, Net 1,179,933 1,106,890
Hotel Properties Under Development [Member]    
Assets [Abstract]    
Real Estate Investment Property, Net $ 1,596 $ 0