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Note 15 - Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

For the three months ended

  

For the six months ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Revenue:

                

Room

 $80,644  $73,396  $141,847  $135,814 

Food and beverage

  1,604   1,864   3,205   3,523 

Other

  5,306   4,785   9,734   9,066 

Total hotel property level revenue (1)

  87,554   80,045   154,786   148,403 

Expenses:

                

Room

  16,625   14,957   30,630   29,786 

Food and beverage

  1,347   1,386   2,715   2,823 

Telephone

  382   281   726   592 

Other hotel operating

  1,270   1,157   2,385   2,183 

General and administrative

  7,240   7,125   14,291   14,036 

Franchise and marketing fees

  6,950   6,435   12,227   11,866 

Advertising and promotions

  1,902   1,655   3,570   3,262 

Utilities

  3,096   2,811   6,163   5,964 

Repairs and maintenance

  3,864   3,708   7,530   7,666 

Management fees paid to related parties

  2,958   2,685   5,220   4,975 

Insurance

  909   820   1,758   1,647 

Property taxes, ground rent and insurance

  5,282   6,134   10,442   11,877 

Total hotel property level expenses

  51,825   49,154   97,657   96,677 
                 

Adjusted Hotel EBITDA

 $35,729  $30,891  $57,129  $51,726 
                 

Reconciliation of Adjusted Hotel EBITDA to Net income

                

Interest expense, including amortization of deferred fees

  (6,903)  (6,414)  (13,103)  (13,266)

Depreciation and amortization

  (15,726)  (15,395)  (30,505)  (30,426)

Corporate general and administrative

  (4,590)  (3,992)  (9,239)  (8,599)

Other charges

  (26)  -   (482)  (7)

Income tax expense

  (62)  -   (125)  - 

Interest and other income

  23   59   102   121 

Gain on sale of hotel properties

  10   350   131   7,468 
                 

Net income

 $8,455  $5,499  $3,908  $7,017