Note 3 - Acquisition of Hotel Properties |
6 Months Ended | ||
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Jun. 30, 2026 | |||
| Notes to Financial Statements | |||
| Asset Acquisition [Text Block] |
On March 3, 2026, the Company acquired a portfolio of six hotel properties for $92.0 million, which included the Hampton Inn & Suites Paducah ("HI Paducah"), the Homewood Suites by Hilton Paducah ("HWS Paducah"), the Homewood Suites by Hilton Joplin ("HWS Joplin"), the Home2 Suites by Hilton Joplin ("Home2 Joplin"), the Hampton Inn & Suites Effingham ("HI Effingham") and the Home2 Suites by Hilton Effingham ("Home2 Effingham") hotel properties. The Company allocated the purchase price of the hotel properties acquired based on the estimated fair values of the assets on the date of acquisition. Property acquisition costs of $0.5 million were capitalized in 2026.
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