v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Hotel revenues:        
Total hotel revenues $ 8,510 $ 8,616 $ 13,499 $ 13,702
Expenses:        
Hotel operating expenses 5,110 5,064 9,640 9,674
Real estate taxes 73 53 147 107
General and administrative costs 547 498 1,059 1,006
Casualty (gain)/loss, net (578) 0 (578) 67
Depreciation and amortization 977 935 1,959 1,866
Total expenses 6,129 6,550 12,227 12,720
Interest expense (2,426) (2,587) (4,834) (5,148)
Business interruption insurance recovery 949 0 949 0
Earnings from investment in unconsolidated affiliated real estate entity (14) 591 (87) 499
Interest income and other expense, net 58 44 110 62
Net income/(loss) 948 114 (2,590) (3,605)
Less: net (income)/loss attributable to noncontrolling interests (366) 3 385 782
Net income/(loss) attributable to Company's common shares $ 582 $ 117 $ (2,205) $ (2,823)
Net income/(loss) per Company's common shares, basic (in Dollars per share) $ 0.07 $ 0.01 $ (0.27) $ (0.34)
Net income/(loss) per Company's common shares, diluted (in Dollars per share) $ 0.07 $ 0.01 $ (0.27) $ (0.34)
Weighted average number of common shares outstanding, basic (in Shares) 8,105 8,186 8,115 8,196
Weighted average number of common shares outstanding, diluted (in Shares) 8,105 8,186 8,115 8,196
Room Revenue [Member]        
Hotel revenues:        
Total hotel revenues $ 6,022 $ 5,657 $ 9,297 $ 8,741
Food, beverage and other revenue [Member]        
Hotel revenues:        
Total hotel revenues $ 2,488 $ 2,959 $ 4,202 $ 4,961