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Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The estimated fair values for the instruments below were determined by management based on a discounted future cash-flow model (in thousands).

						March 31, 2024												December 31, 2023
Note Payable						Carrying Value						Fair Value						Carrying Value						Fair Value
Hampton Inn & Suites Hotel (1)						$	—					$	—					$	5,939					$	4,762
Southpointe Fundco, LLC						1,050						1,050						1,050						1,050
Tucson East, LLC (1)						—						—						11,901						11,067
West Frontier, LLC						4,636						3,803						4,636						3,795

(1) During the three months ended March 31, 2024, the Company deconsolidated Caliber Hospitality, LP and the Caliber Hospitality Trust, which included activity from six hospitality funds.

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- Definition

Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements.

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