Note 15 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		*For the three months ended*								*For the six months ended*
		*June 30,*								*June 30,*
		*2025*				*2024*				*2025*				*2024*
Revenue:
Room		$	73,396			$	79,044			$	135,814			$	141,526
Food and beverage			1,864				2,127				3,523				3,973
Other			4,785				5,033				9,066				8,868
Total hotel property level revenue (1)			80,045				86,204				148,403				154,367
Expenses:
Room			14,957				16,966				29,786				32,099
Food and beverage			1,386				1,608				2,823				3,091
Telephone			281				328				592				647
Other hotel operating			1,157				1,025				2,183				1,844
General and administrative			7,125				7,231				14,036				14,396
Franchise and marketing fees			6,435				6,936				11,866				12,425
Advertising and promotions			1,655				1,585				3,262				2,927
Utilities			2,811				3,106				5,964				6,115
Repairs and maintenance			3,708				4,103				7,666				8,057
Management fees paid to related parties			2,685				2,850				4,975				5,159
Insurance			820				833				1,647				1,653
Property taxes, ground rent and insurance			6,134				5,981				11,877				11,275
Total hotel property level expenses			49,154				52,552				96,677				99,688

Adjusted Hotel EBITDA		$	30,891			$	33,652			$	51,726			$	54,679

Reconciliation of Adjusted Hotel EBITDA to net income (loss)
Interest expense, including amortization of deferred fees			(6,414	)			(7,723	)			(13,266	)			(15,030	)
Depreciation and amortization			(15,395	)			(14,914	)			(30,426	)			(30,169	)
Corporate general and administrative			(3,992	)			(4,633	)			(8,599	)			(9,227	)
Other charges			-				(27	)			(7	)			(77	)
Loss on early extinguishment of debt			-				(17	)			-				(17	)
Interest and other income			59				684				121				1,529
Gain (loss) on sale of hotel properties			350				12				7,468				(140	)

Net income		$	5,499			$	7,034			$	7,017			$	1,548