XML 50 R40.htm IDEA: XBRL DOCUMENT v3.26.1
Note 6 - Debt - Schedule of Debt (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Carrying value, collateral $ 207,341  
Outstanding 418,225 $ 343,225
Outstanding 418,225 343,225
Unamortized term loan and mortgage debt issue costs (3,905) (4,312)
Total debt outstanding $ 414,320 338,913
Unsecured Delayed-draw Term Loan [Member]    
Interest rate [1] 5.11%  
Maturity date [1] Sep. 25, 2029  
Carrying value, collateral [1] $ 0  
Outstanding [1] 200,000 200,000
Outstanding [1] $ 200,000 200,000
First Mortgage Lien Secured by Courtyard by Marriott, Dallas, TX [Member]    
Interest rate 7.61%  
Maturity date Sep. 11, 2028  
Carrying value, collateral $ 37,879  
Outstanding 24,500 24,500
Outstanding $ 24,500 24,500
First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member]    
Interest rate 7.29%  
Maturity date Jun. 11, 2029  
Carrying value, collateral $ 29,396  
Outstanding 23,300 23,300
Outstanding $ 23,300 23,300
First Mortgage Lien Secured by Residence Inn by Marriott Austin, TX [Member]    
Interest rate 7.42%  
Maturity date Sep. 06, 2033  
Carrying value, collateral $ 35,339  
Outstanding 20,850 20,850
Outstanding $ 20,850 20,850
First Mortgage Lien Secured by TownePlace Suites by Marriott Austin, TX [Member]    
Interest rate 7.42%  
Maturity date Sep. 06, 2033  
Carrying value, collateral $ 28,288  
Outstanding 19,075 19,075
Outstanding $ 19,075 19,075
First Mortgage Lien Secured by Courtyard by Marriott Summerville, SC [Member]    
Interest rate 7.33%  
Maturity date Sep. 11, 2033  
Carrying value, collateral $ 17,180  
Outstanding 9,000 9,000
Outstanding $ 9,000 9,000
First Mortgage Lien Secured by Residence Inn by Marriott Summerville, SC [Member]    
Interest rate 7.33%  
Maturity date Sep. 11, 2033  
Carrying value, collateral $ 16,378  
Outstanding 9,500 9,500
Outstanding $ 9,500 9,500
First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member]    
Interest rate 6.70%  
Maturity date Jun. 06, 2034  
Carrying value, collateral $ 31,214  
Outstanding 22,000 22,000
Outstanding $ 22,000 22,000
First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member]    
Interest rate 6.70%  
Maturity date Jun. 11, 2034  
Carrying value, collateral $ 11,667  
Outstanding 15,000 15,000
Outstanding $ 15,000 15,000
Revolving Credit Facility [Member]    
Interest rate [2] 5.13%  
Maturity date [2] Sep. 25, 2029  
Carrying value, collateral [2] $ 0  
Outstanding [2] 75,000 0
Outstanding [2] $ 75,000 $ 0
[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.
[2] 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.