Note 15 - Segment Information - Schedule of Segment Information (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Revenues | $ 80,294 | $ 86,479 | $ 148,929 | $ 154,920 | ||
Property taxes, ground rent and insurance | 6,134 | 5,981 | 11,877 | 11,275 | ||
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) | ||
Other charges | 0 | (27) | (7) | (77) | ||
Loss on early extinguishment of debt | 0 | (17) | 0 | (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 | ||
Occupancy [Member] | ||||||
Revenue | 73,396 | 79,044 | 135,814 | 141,526 | ||
Food and Beverage [Member] | ||||||
Revenue | 1,864 | 2,127 | 3,523 | 3,973 | ||
Hotel, Other [Member] | ||||||
Revenue | 4,785 | 5,033 | 9,066 | 8,868 | ||
Operating Segments [Member] | Hotel Level [Member] | ||||||
Revenues | [1] | 80,045 | 86,204 | 148,403 | 154,367 | |
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 | ||
Operating Segments [Member] | Hotel Level [Member] | Occupancy [Member] | ||||||
Revenue | 73,396 | 79,044 | 135,814 | 141,526 | ||
Operating Segments [Member] | Hotel Level [Member] | Food and Beverage [Member] | ||||||
Revenue | 1,864 | 2,127 | 3,523 | 3,973 | ||
Operating Segments [Member] | Hotel Level [Member] | Hotel, Other [Member] | ||||||
Revenue | 4,785 | 5,033 | 9,066 | 8,868 | ||
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member] | ||||||
Corporate general and administrative | $ (3,992) | $ (4,633) | $ (8,599) | $ (9,227) | ||
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X | ||||||||||
- Definition Represents the amount of earnings (loss) before income tax, depreciation, and amortization. No definition available.
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X | ||||||||||
- Definition Amount of food and beverage expense. No definition available.
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- Definition Expenditures for franchise and marketing. No definition available.
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- Definition Indirect cost incurred related to good produced and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate costs of keeping the property in good condition but that do not appreciably prolong the life or increase the value of the property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Communications costs incurred and are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total expense recognized in the period for promotion, public relations, and brand or product advertising. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of net occupancy expense that may include items, such as depreciation of facilities and equipment, lease expenses, property taxes and property and casualty insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition A contract to provide coverage or protection in exchange for a payment or "premium". Examples of insurance protection include liability and property insurance. The entity paying the premiums for the protection will have insurance expense and possibly an asset, Prepaid Insurance (if the premiums are paid in advance). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of real estate taxes and insurance expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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