Note 6 - Debt - Schedule of Debt (Details) - USD ($) $ in Thousands |
6 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Dec. 31, 2024 |
|||||||||
Carrying value, collateral | $ 211,149 | |||||||||
Revolving Credit Facility (1) | 70,000 | $ 110,000 | ||||||||
Outstanding | 353,225 | 409,182 | ||||||||
Unamortized term loan and mortgage debt issue costs | (2,006) | (2,332) | ||||||||
Total debt outstanding | $ 351,219 | 406,850 | ||||||||
Unsecured Delayed-draw Term Loan [Member] | ||||||||||
Interest rate | [1] | 5.91% | ||||||||
Maturity date | [1] | Oct. 28, 2025 | ||||||||
Carrying value, collateral | [1] | $ 0 | ||||||||
Outstanding | [1] | $ 140,000 | 140,000 | |||||||
First Mortgage Lien Secured by Hampton Inn & Suites, Houston Medical Center, TX [Member] | ||||||||||
Interest rate | 4.25% | |||||||||
Maturity date | Jan. 06, 2025 | |||||||||
Carrying value, collateral | $ 0 | |||||||||
Outstanding | $ 0 | 15,957 | ||||||||
First Mortgage Lien Secured by Courtyard by Marriott, Dallas, TX [Member] | ||||||||||
Interest rate | 7.61% | |||||||||
Maturity date | Sep. 11, 2028 | |||||||||
Carrying value, collateral | $ 38,904 | |||||||||
Outstanding | $ 24,500 | 24,500 | ||||||||
First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member] | ||||||||||
Interest rate | [2] | 7.29% | ||||||||
Maturity date | [2] | Jun. 11, 2029 | ||||||||
Carrying value, collateral | [2] | $ 29,309 | ||||||||
Outstanding | [2] | $ 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 | $ 34,313 | |||||||||
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 | $ 29,478 | |||||||||
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 | $ 17,873 | |||||||||
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 | $ 16,708 | |||||||||
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 | $ 32,396 | |||||||||
Outstanding | $ 22,000 | 22,000 | ||||||||
First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member] | ||||||||||
Interest rate | [3] | 6.70% | ||||||||
Maturity date | [3] | Jun. 11, 2034 | ||||||||
Carrying value, collateral | [3] | $ 12,168 | ||||||||
Outstanding | [3] | $ 15,000 | 15,000 | |||||||
Revolving Credit Facility [Member] | ||||||||||
Interest rate | [4] | 5.97% | ||||||||
Maturity date | [4] | Oct. 28, 2026 | ||||||||
Carrying value, collateral | [4] | $ 0 | ||||||||
Revolving Credit Facility (1) | [4] | $ 70,000 | $ 110,000 | |||||||
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