0001437749-26-006103 | 10-K | XBRL Viewer

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1.	Organization

Chatham Lodging Trust (“we,” “us” or the “Company”) was formed as a Maryland real estate investment trust on October 26, 2009. The Company is internally-managed and invests primarily in upscale extended-stay and premium-branded select-service hotels. The Company has elected to be treated as a real estate investment trust for federal income tax purposes ("REIT").

The Company had no operations prior to the consummation of its initial public offering ("IPO") in April 2010. The net proceeds from our share offerings are contributed to Chatham Lodging, L.P., our operating partnership (the “Operating Partnership”), in exchange for partnership interests. Substantially all of the Company’s assets are held by, and all operations are conducted through, the Operating Partnership. The Company is the sole general partner of the Operating Partnership and owns 100% of the common units of limited partnership interest in the Operating Partnership ("common units"). Certain of the Company’s executive officers hold vested and unvested long-term incentive plan units in the Operating Partnership ("LTIP units"), which are presented as non-controlling interests on our consolidated balance sheets.

As of December 31, 2025, the Company owned 33 hotels with an aggregate of 5,021 (unaudited) rooms located in 15 states and the District of Columbia (unaudited).

To qualify as a REIT, the Company cannot operate its hotels. Therefore, the Operating Partnership and its subsidiaries lease the Company's hotels to taxable REIT subsidiary lessees (“TRS Lessees”), which are wholly owned by the Company’s taxable REIT subsidiary (“TRS”) holding company. Each hotel is leased to a TRS Lessee under a percentage lease that provides for rental payments equal to the greater of (i) a fixed base rent amount or (ii) a percentage rent based on hotel revenue. Lease revenue from each TRS Lessee is eliminated in consolidation. The TRS Lessees have entered into management agreements with a third-party management company that provides day-to-day management for the hotels.

As of December 31, 2025, Island Hospitality Management, LLC (“IHM”), which is 100% owned by Jeffrey H. Fisher, the Company's Chairman, President and Chief Executive Officer, managed all of the Company’s hotels.

Note 11 - Equity Incentive Plan - Schedule of Restricted Share Awards (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Non-vested, balance (in shares)	4,581	5,789	6,666
Non-vested, weighted average fair value (in dollars per share)	$ 10.91	$ 11.78	$ 11.47
Number of units granted (in shares)	8,044	2,943	2,457
Granted, weighted average fair value (in dollars per share)	$ 8.08	$ 10.2	$ 12.21
Vested (in shares)	(1,800)	(4,151)	(3,334)
Vested, weighted average fair value (in dollars per share)	$ 11.11	$ 11.62	$ 11.47
Non-vested, balance (in shares)	10,825	4,581	5,789
Non-vested, weighted average fair value (in dollars per share)	$ 8.78	$ 10.91	$ 11.78

Note 10 - Earnings Per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Text Block]

10.

Earnings Per Share

The two class method is used to determine earnings per share because unvested restricted shares and unvested LTIP units are considered to be participating shares. The LTIP units held by the non-controlling interest holders, which may be converted to common shares of beneficial interest, have been excluded from the denominator of the diluted earnings per share calculation as there would be no effect on the amounts since limited partners' share of income or loss would also be added back to net income or loss. Unvested restricted shares, unvested long-term incentive plan units and unvested Class A Performance LTIP units that could potentially dilute basic earnings per share in the future would not be included in the computation of diluted loss per share for the periods where a loss has been recorded, because they would have been anti-dilutive for the periods presented. For the years ended December 31, 2025, 2024 and 2023, the Company excluded zero, 414,635, and 157,641, respectively, of unvested shares and units as their effect would have been anti-dilutive.

The following is a reconciliation of the amounts used in calculating basic and diluted net income per share (in thousands, except share and per share data):

	*For the year ended*
	*December 31,*
	*2025*			*2024*			*2023*
Numerator:
Net income (loss) attributable to common shareholders	$	7,103		$	(3,784	)	$	(5,306	)
Dividends paid on unvested shares and units		(197	)		(127	)		(110	)
Net income (loss) attributable to common shareholders	$	6,906		$	(3,911	)	$	(5,416	)
Denominator:
Weighted average number of common shares - basic		48,793,017			48,900,997			48,847,386
Effect of dilutive securities:
Unvested shares and units		1,199,052			—			—
Weighted average number of common shares - diluted		49,992,069			48,900,997			48,847,386
Basic income (loss) per common share:
Net income (loss) attributable to common shareholders per weighted average basic common share	$	0.14		$	(0.08	)	$	(0.11	)
Diluted income (loss) per common share:
Net income (loss) attributable to common shareholders per weighted average diluted common share	$	0.14		$	(0.08	)	$	(0.11	)

Note 12 - Leases (Details Textual) $ in Thousands		1 Months Ended	12 Months Ended
Note 12 - Leases (Details Textual) $ in Thousands	Jun. 01, 2023 USD ($) ft²	May 31, 2024 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2015
Gain (Loss) on Termination of Lease			$ 0	$ 0	$ 164
Operating Lease, Payments			1,300
Variable Lease, Payment			700
Finance Lease, Principal Payments			$ 26	$ 15	(0)
Lease, Residence Inn Gaslamp Hotel [Member]
Operating Lease, Option to Extend, Term (Year)			10 years
Operating Lease, Expense, Monthly			$ 49
Operating Lease, Rate Increase (Decrease),Percentage			10.00%
Operating Lease, Rate Increase (Decrease), Period of Occurrence (Year)			5 years
Lease, Residence Inn Gaslamp Hotel [Member] \| Tenant Concentration Risk [Member] \| Revenue Benchmark [Member] \| Operating Lease, Supplemental Rent Expense [Member]
Concentration Risk, Percentage			5.00%
Lease, Residence Inn New Rochelle Hotel [Member]
Number of Units in Real Estate Property			128
Operating Lease, Expense, Quarterly			$ 31
Lease, Hilton Garden Inn Marina del Rey Hotel [Member]
Operating Lease, Expense, Monthly			$ 47
Lease, Hilton Garden Inn Marina del Rey Hotel [Member] \| Tenant Concentration Risk [Member] \| Revenue Benchmark [Member] \| Operating Lease, Rental Arrears [Member] \| Minimum [Member]
Concentration Risk, Percentage			5.00%
Lease, Hilton Garden Inn Marina del Rey Hotel [Member] \| Tenant Concentration Risk [Member] \| Revenue Benchmark [Member] \| Operating Lease, Rental Arrears [Member] \| Maximum [Member]
Concentration Risk, Percentage			25.00%
Lease, Corporate office [Member]
Lessee, Operating Lease, Term of Contract (Year)		10 years				11 years
Lessee, Operating Lease, Rent Abatement Term (Month)						12 months
Lessee, Operating Lease, Renewal Term (Year)						5 years
Area of Real Estate Property (Square Foot) \| ft²	7,374
Payments on Lease Termination	$ 100
Gain (Loss) on Termination of Lease					$ 200
Operating Lease, Payments			$ 700
Lease, Corporate office [Member] \| Minimum [Member]
Operating Lease, Annual Base Rent		$ 600
Lease, Corporate office [Member] \| Maximum [Member]
Operating Lease, Annual Base Rent		$ 700
Lease, Home2 Phoenix Hotel [Member]
Gain (Loss) on Termination of Lease			$ (100)
Lessee, Finance Lease, Term of Contract (Year)			8 years
Lease, Home2 Phoenix Hotel [Member] \| Minimum [Member]
Finance Lease, Principal Payments			$ 26
Lease, Home2 Phoenix Hotel [Member] \| Maximum [Member]
Finance Lease, Principal Payments			$ 81

Note 15 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

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

	*For the year ended*
	*December 31,*
	*2025*			*2024*			*2023*
Revenue:
Room	$	269,206		$	290,290		$	284,999
Food and beverage		6,894			7,737			8,124
Other		17,897			18,077			16,703
Total hotel property level revenue (1)		293,997			316,104			309,826
Expenses:
Room		59,752			65,311			61,794
Food and beverage		5,517			6,218			6,352
Telephone		1,172			1,360			1,439
Other hotel operating		4,487			4,127			3,712
General and administrative		27,010			28,826			28,884
Franchise and marketing fees		23,620			25,355			24,897
Advertising and promotions		6,804			6,229			6,085
Utilities		12,372			13,161			13,007
Repairs and maintenance		15,272			16,516			15,837
Management fees paid to related parties		9,895			10,733			10,557
Insurance		3,272			3,340			2,822
Property taxes, ground rent and insurance		21,952			23,709			23,507
Total hotel property level expenses		191,125			204,885			198,893

Adjusted Hotel EBITDA	$	102,872		$	111,219		$	110,933

Reconciliation of Adjusted Hotel EBITDA to Net income
Interest expense, including amortization of deferred fees		(25,659	)		(30,880	)		(27,128	)
Depreciation and amortization		(59,749	)		(60,741	)		(58,254	)
Corporate general and administrative		(16,589	)		(18,388	)		(17,517	)
Other charges		(27	)		(327	)		(2,300	)
Impairment loss		—			(4,256	)		(4,266	)
Loss on early extinguishment of debt		(174	)		(17	)		(696	)
Interest and other income		270			1,712			1,534
Gain on sale of hotel properties		14,369			5,713			18
Gain from partial lease termination		—			—			164

Net income	$	15,313		$	4,035		$	2,488

Note 2 - Summary of Significant Accounting Policies - Schedule of Long Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Debt, gross	$ 343,225	$ 409,182
Debt, net	338,913	406,850
Mortgages [Member]
Debt, gross	143,225	159,182
Deferred financing costs	(1,750)	(1,971)
Debt, net	141,475	157,211
Unsecured Debt [Member]
Debt, gross	200,000	140,000
Deferred financing costs	(2,562)	(362)
Debt, net	$ 197,438	$ 139,638

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Expense (Benefit)	$ 0	$ 0	$ 0	$ 0	$ 0
Deferred Tax Assets, Valuation Allowance			19,404	$ 19,342
Valuation Allowance, Deferred Tax Asset, Percentage of Net Deferred Tax Assets				100.00%
Domestic Tax Jurisdiction [Member]
Operating Loss Carryforwards			73,400
State and Local Jurisdiction [Member]
Operating Loss Carryforwards			$ 65,000

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

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Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	*Item 1C.* Cybersecurity Our management and Board recognize the critical importance of addressing cybersecurity threats and risks to our business and operations. Therefore, we have established a comprehensive framework to assess, respond to, and manage material risks arising from cybersecurity threats. Assessment, Identification and Management of Material Risks from Cybersecurity** We rely on the cybersecurity strategy and policies implemented by IHM, the manager of all the Company’s properties, with whom we share corporate office space. IHM’s cybersecurity strategy prioritizes detection and analysis of and response to known, anticipated or unexpected threats, effective management of security risks and resilience against cyber incidents. IHM’s enterprise-wide cybersecurity program is aligned to the National Institute of Standards and Technology Cybersecurity Framework. IHM’s cybersecurity risk management processes include technical security controls, monitoring systems, tools and related services, which include tools and services from third-party providers, and management oversight to assess, identify and manage risks from cybersecurity threats. IHM has implemented and continues to implement risk-based controls designed to prevent, detect and respond to information security threats and we rely on those controls to help us protect our information, our information systems, and the information of our investors and other third parties who entrust us with their sensitive information. IHM’s cybersecurity program includes physical, administrative and technical safeguards, as well as plans and procedures designed to help IHM prevent and timely and effectively respond to cybersecurity threats and incidents, including threats or incidents that may impact us. IHM’s cybersecurity risk management process seeks to monitor cybersecurity vulnerabilities and potential attack vectors, evaluate the potential operational and financial effects of any threat and mitigate such threats. The assessment of cybersecurity risks, including those which may impact us, is integrated into IHM’s information technology program. In addition, both IHM and the Company periodically engage with third-party consultants and key vendors to assist them in assessing, enhancing, implementing and monitoring its cybersecurity risk management programs and responding to incidents. IHM undertakes periodic internal security reviews of our information systems and related controls, including systems affecting personal data and the cybersecurity risks of IHM’s and our critical third-party vendors and other partners. IHM also completes periodic external reviews of its cybersecurity program and practices, which include assessments of relevant data protection practices and targeted attack simulations. In addition, much of the sensitive information relating to hotel guests is controlled by the respective franchisor companies, affiliates of Marriott International, Inc., Hilton Worldwide Holdings, Inc., and Hyatt Hotels Corporation, each of which is a public company with cybersecurity protection policies in place which each publicly discloses. In addition, to aid its own security, the Company has adopted a number of cybersecurity policies including an Incident Response Plan, an Acceptable Use Policy for employees and a Service Provider Cybersecurity Management Policy (collectively, the “Cybersecurity Policies”), through which the Company ensures that key vendors with access to sensitive information have contractual terms obligating their compliance with the Company's processes, policies and procedures. IHM, in coordination with our General Counsel, is responsible for testing the Incident Response Plan on a periodic basis. In addition, our Audit Committee and General Counsel will review on at least an annual basis the Incident Response Plan and update the Incident Response Plan, as appropriate, to address applicable legal requirements and the Company’s policies, procedures and information security and business objectives. Periodically, the Audit Committee will review (i) the Cybersecurity Policies and (ii) the Company’s cybersecurity risk exposure and discusses steps management has taken to monitor or mitigate such risk exposure. Material Impact of Cybersecurity Risks In the last three fiscal years, we have not experienced a material information security breach incident, and we are not aware of any cybersecurity risks that are reasonably likely to materially affect our business. However, future incidents could have a material impact on our business strategy, results of operations or financial condition. For additional discussion of the risks posed by cybersecurity threats, see “Item 1A. Risk Factors— General Risk Factors— Cybersecurity failures and data security incidents could adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential, personal or other sensitive information and/or damage to our business relationships or reputation, any of which could negatively impact our business, financial condition and operating results.”
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Our management and Board recognize the critical importance of addressing cybersecurity threats and risks to our business and operations. Therefore, we have established a comprehensive framework to assess, respond to, and manage material risks arising from cybersecurity threats.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]	In the last three fiscal years, we have not experienced a material information security breach incident, and we are not aware of any cybersecurity risks that are reasonably likely to materially affect our business. However, future incidents could have a material impact on our business strategy, results of operations or financial condition. For additional discussion of the risks posed by cybersecurity threats, see “Item 1A. Risk Factors— General Risk Factors— Cybersecurity failures and data security incidents could adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential, personal or other sensitive information and/or damage to our business relationships or reputation, any of which could negatively impact our business, financial condition and operating results.”
Cybersecurity Risk Board of Directors Oversight [Text Block]	Governance of Cybersecurity Risks The Audit Committee of the Board has the primary responsibility for oversight and review of guidelines and policies with respect to risk assessment and risk management, including cybersecurity. IHM and the Company’s Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and General Counsel (collectively, the “Executive Leadership Team”) are responsible for assessing and managing cybersecurity risks. Certain members of IHM periodically report to the Company’s management on cybersecurity issues and management presents information to our Audit Committee as well as our full Board, as appropriate, on cybersecurity matters. Upon verifying that a cybersecurity incident has occurred or is occurring, the Executive Leadership Team or their designees, in cooperation with IHM, will promptly conduct a preliminary assessment of the severity level of the cybersecurity incident. Following this assessment, IHM will report the cybersecurity incident to the Chief Executive Officer, who in consultation with the General Counsel, will inform the chair of the Audit Committee, who will then report such cybersecurity incident to the Board as the chair deems appropriate. All Level 1 (High Severity) cybersecurity incidents will be reported to the Board.
Cybersecurity Risk Role of Management [Text Block]	The Audit Committee of the Board has the primary responsibility for oversight and review of guidelines and policies with respect to risk assessment and risk management, including cybersecurity. IHM and the Company’s Chief Executive Officer, Chief Financial Officer, Chief Operating Officer and General Counsel (collectively, the “Executive Leadership Team”) are responsible for assessing and managing cybersecurity risks. Certain members of IHM periodically report to the Company’s management on cybersecurity issues and management presents information to our Audit Committee as well as our full Board, as appropriate, on cybersecurity matters.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Upon verifying that a cybersecurity incident has occurred or is occurring, the Executive Leadership Team or their designees, in cooperation with IHM, will promptly conduct a preliminary assessment of the severity level of the cybersecurity incident. Following this assessment, IHM will report the cybersecurity incident to the Chief Executive Officer, who in consultation with the General Counsel, will inform the chair of the Audit Committee, who will then report such cybersecurity incident to the Board as the chair deems appropriate. All Level 1 (High Severity) cybersecurity incidents will be reported to the Board.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Note 8 - Dividends Declared and Paid (Tables)

12 Months Ended

Dec. 31, 2025

Dividends Declared [Table Text Block]

Common

LTIP

unit

Taxable

Unrecaptured

Record

Payment

distribution

Ordinary

Section 1250

Section 199A

Date

amount

Income

Gain

Dividends

March

3/31/2025

4/15/2025

0.09

0.08191

0.00809

0.08191

June

6/30/2025

7/15/2025

0.09

0.08191

0.00809

0.08191

September

9/30/2025

10/15/2025

0.09

0.08191

0.00809

0.08191

December

12/31/2025

1/15/2026

0.09

0.08191

0.00809

0.08191

Total 2025

0.36

0.32764

0.03236

0.32764

			Common		LTIP
			share		unit		Taxable
	Record	Payment	distribution		distribution		Ordinary		Return of		Section 199A
	Date	Date	amount		amount		Income		Capital		Dividends
March	3/28/2024	4/15/2024		0.07		0.07		0.05392		0.01608		0.05392
June	6/28/2024	7/15/2024		0.07		0.07		0.05392		0.01608		0.05392
September	9/30/2024	10/15/2024		0.07		0.07		0.05392		0.01608		0.05392
December	12/31/2024	1/15/2025		0.07		0.07		0.05392		0.01608		0.05392
*Total 2024*			$	0.28	$	0.28	$	0.21568	$	0.06432	$	0.21568

				Dividend Per		Taxable		Unrecaptured
	Record	Payment	Preferred		Ordinary		Section 1250		Section 199A
	Date	Date	Share		Income		Gain		Dividends
March	3/31/2025	4/15/2025	$	0.41406	$	0.37684	$	0.03722	$	0.37684
June	6/30/2025	7/15/2025		0.41406		0.37684	$	0.03722		0.37684
September	9/30/2025	10/15/2025		0.41406		0.37684	$	0.03722		0.37684
December	12/31/2025	1/15/2026		0.41406		0.37684	$	0.03722		0.37684
*Total 2025*			$	1.65624	$	1.50736	$	0.14888	$	1.50736

			Dividend Per		Taxable
	Record	Payment	Preferred		Ordinary		Return of		Section 199A
	Date	Date	Share		Income		Capital		Dividends
March	3/28/2024	4/15/2024	$	0.41406	$	0.41406	$	—	$	0.41406
June	6/28/2024	7/15/2024		0.41406		0.41406		—		0.41406
September	9/30/2024	10/15/2024		0.41406		0.41406		—		0.41406
December	12/31/2024	1/15/2025		0.41406		0.41406		—		0.41406
*Total 2024*			$	1.65624	$	1.65624	$	—	$	1.65624

Supplemental Disclosure of Non-cash Investing and Financing Information (Details Textual) - USD ($) $ in Thousands				12 Months Ended
	Jan. 15, 2026	Jan. 15, 2025	Jan. 16, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Dividends Payable				$ 6,704	$ 5,580	$ 5,400
Share-Based Payment Arrangement, Amount Capitalized				400	600	500
Capital Expenditures Incurred but Not yet Paid				$ 2,000	$ 1,600	$ 1,300
Equity Incentive Plan [Member]
Stock Issued During Period, Shares, Issued for Services (in shares)	61,699	61,551	43,670

Note 7 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	*For the year ended*
	*December 31, 2025*
Book income before income taxes	$	15,313
REIT income not subject to income taxes		(15,152	)
Book income before income taxes of the TRS	$	161

Statutory rate of 21%		34		21	%
Effect of state and local income taxes, net of federal tax benefit (a)		10		6	%
Permanent adjustments		24		15	%
Change in valuation allowance		(55	)	-35	%
Valuation allowance release		—		—	%
Other		(13	)	-8	%
Total income tax (benefit) expense	$	—		—	%

	For the year ended
	December 31,
	2024			2023
Book income (loss) before income taxes of the TRS	$	2,905		$	(7,309	)

Statutory rate of 21%	$	610		$	(1,535	)
Effect of state and local income taxes, net of federal tax benefit		—			(245	)
Permanent adjustments		21			13
Change in valuation allowance		(1,051	)		1,579
Valuation allowance release		—			—
Other		420			188
Total income tax (benefit) expense	$	—		$	—

Effective tax rate		—	%		—	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	*For the year ended*
	*December 31,*
	*2025*			*2024*
Gross deferred tax assets:
Allowance for doubtful accounts	$	101		$	74
Accrued compensation		430			375
Net operating loss		18,873			18,893
Gross deferred tax assets	$	19,404		$	19,342
Less: Valuation Allowance	$	(19,404	)	$	(19,342	)
Total deferred tax assets net of valuation allowance	$	—		$	—
Gross deferred tax liabilities:
Total book/tax difference in partnership	$	—		$	—
Gross deferred tax liabilities:	$	—		$	—
Net, deferred tax assets:	$	—		$	—

Note 15 - Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Revenues

$ 295,075

$ 317,209

$ 311,109

Property taxes, ground rent and insurance

21,952

23,709

23,507

Interest expense, including amortization of deferred fees

(25,659)

(30,880)

(27,128)

Depreciation and amortization

(59,749)

(60,741)

(58,254)

Other charges

(27)

(327)

(2,300)

Impairment loss

(4,256)

(4,266)

Loss on early extinguishment of debt

(174)

(17)

(696)

Interest and other income

270

1,712

1,534

Gain on sale of hotel properties

14,369

5,713

Gain from partial lease termination

164

Book income before income taxes

15,313

4,035

2,488

Occupancy [Member]

Food and Beverage [Member]

269,206

290,290

284,999

6,894

7,737

8,124

Hotel, Other [Member]

Operating Segments [Member] | Hotel Level [Member]

17,897

18,077

16,703

Revenues

^[1]

293,997

316,104

309,826

Room

59,752

65,311

61,794

Food and beverage

5,517

6,218

6,352

Telephone

1,172

1,360

1,439

Other hotel operating

4,487

4,127

3,712

General and administrative

27,010

28,826

28,884

Franchise and marketing fees

23,620

25,355

24,897

Advertising and promotions

6,804

6,229

6,085

Utilities

12,372

13,161

13,007

Repairs and maintenance

15,272

16,516

15,837

Management fees paid to related parties

9,895

10,733

10,557

Insurance

3,272

3,340

2,822

Property taxes, ground rent and insurance

21,952

23,709

23,507

Total hotel property level expenses

191,125

204,885

198,893

Adjusted Hotel EBITDA

102,872

111,219

110,933

Operating Segments [Member] | Hotel Level [Member] | Occupancy [Member]

Operating Segments [Member] | Hotel Level [Member] | Food and Beverage [Member]

269,206

290,290

284,999

Operating Segments [Member] | Hotel Level [Member] | Hotel, Other [Member]

6,894

7,737

8,124

Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]

17,897

18,077

16,703

Corporate general and administrative

$ (16,589)

$ (18,388)

$ (17,517)

[1]	The difference between total hotel property level revenue and total revenue on the consolidated statements of operations is due to reimbursable costs from related parties of $1.1 million, $1.1 million, and $1.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Note 8 - Dividends Declared and Paid (Details Textual) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.36	$ 0.28	$ 0.28
Distribution Made to Limited Partner, Distributions Declared, Per Unit (in dollars per share)	$ 0.36	$ 0.28	$ 0.28
Distributions to Common Stockholders, Percentage Ordinary Income	91.01%	77.03%
Distributions to Common Stockholders, Percentage, Unrecaptured Section 1250 Gain	8.99%
Distributions to Common Stockholders, Percentage Return of Capital		22.97%
Series A Preferred Stock [Member]
Preferred Stock, Dividends Per Share, Declared (in dollars per share)	$ 1.65624	$ 1.65624
Preferred Stock, Dividend Rate, Percentage		6.625%	6.625%
Distributions To Preferred Stockholders, Percentage Ordinary Income	91.01%	100.00%
Distributions to Preferred Stockholders, Percentage, Unrecaptured Section 1250 Gain	8.99%

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Book income before income taxes	$ 15,313	$ 4,035	$ 2,488
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of investment in hotel properties	59,551	60,523	58,040
Amortization of deferred franchise fees	198	211	214
Amortization of deferred financing fees included in interest expense	1,468	1,363	1,201
Gain on sale of hotel properties	(14,369)	(5,713)	(18)
Impairment loss	0	4,256	4,266
Write-off of hotel development costs included in other charges	0	0	2,238
Loss on early extinguishment of debt	174	17	672
Gain (Loss) on write-off of deferred franchise fee	0	50	0
Share based compensation	6,256	6,398	6,117
Gain from partial lease termination	0	0	(164)
Changes in assets and liabilities:
Right of use asset	635	593	625
Hotel receivables	92	1,324	803
Deferred costs	(1,185)	(271)	(102)
Prepaid expenses and other assets	(1,001)	942	(382)
Accounts payable and accrued expenses	(2,513)	256	1,048
Lease liability	(541)	(159)	(604)
Net cash provided by operating activities	64,078	73,825	76,442
Cash flows from investing activities:
Improvements and additions to hotel properties	(24,517)	(30,603)	(28,113)
Acquisition of hotel properties, net	0	(43,734)	0
Proceeds from sale of hotel properties, net	69,992	45,868	0
Payments of franchise application costs	(110)	(700)	0
Net cash provided by (used in) investing activities	45,365	(29,169)	(28,113)
Cash flows from financing activities:
Borrowings on revolving credit facility	15,000	150,000	0
Repayments on revolving credit facility	(125,000)	(40,000)	0
Repayments on construction loan	0	0	(39,331)
Borrowings on unsecured term loan	200,000	50,000	90,000
Repayments on unsecured term loan	(140,000)	0	0
Repayments of mortgage debt	(15,957)	(297,227)	(117,742)
Proceeds from the issuance of mortgage debt	0	60,300	82,925
Principal payments on finance lease	(26)	(15)	0
Payments of financing costs	(6,184)	(1,066)	(1,482)
Payment of offering costs on common shares	0	(278)	(2)
Proceeds from issuance of common shares	54	53	61
In-substance repurchase of vested common shares	(5)	0	0
Repurchases of common shares	(8,967)	0	0
Distributions - common shares/units	(17,614)	(14,378)	(14,212)
Distributions - preferred shares	(7,950)	(7,950)	(7,950)
Net cash used in financing activities	(106,649)	(100,561)	(7,733)
Net change in cash, cash equivalents and restricted cash	2,794	(55,905)	40,596
Cash, cash equivalents and restricted cash, beginning of period	29,844	85,749	45,153
Cash, cash equivalents and restricted cash, end of period	32,638	29,844	85,749
Supplemental disclosure of cash flow information:
Cash paid for interest	24,186	29,480	24,900
Cash paid for taxes	637	871	930
Remeasurement of right of use asset from partial lease termination	0	0	531
Remeasurement of lease liability from partial lease termination	$ 0	$ 0	$ 695

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Deferred Costs [Table Text Block]

	*December 31, 2025*			*December 31, 2024*
Loan costs	$	10,465		$	6,323
Franchise fees		4,631			4,961
Other		1,445			334
		16,541			11,618
Less accumulated amortization		(9,157	)		(7,580	)
Deferred costs, net	$	7,384		$	4,038

Schedule of Long-Term Debt Instruments [Table Text Block]

	*December 31, 2025*			*December 31, 2024*
Mortgage debt	$	143,225		$	159,182
Deferred financing costs		(1,750	)		(1,971	)
Mortgage debt, net	$	141,475		$	157,211

	*December 31, 2025*			*December 31, 2024*
Unsecured term loan	$	200,000		$	140,000
Deferred financing costs		(2,562	)		(362	)
Unsecured term loan, net	$	197,438		$	139,638

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
-Section 55
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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Note 10 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	*For the year ended*
	*December 31,*
	*2025*			*2024*			*2023*
Numerator:
Net income (loss) attributable to common shareholders	$	7,103		$	(3,784	)	$	(5,306	)
Dividends paid on unvested shares and units		(197	)		(127	)		(110	)
Net income (loss) attributable to common shareholders	$	6,906		$	(3,911	)	$	(5,416	)
Denominator:
Weighted average number of common shares - basic		48,793,017			48,900,997			48,847,386
Effect of dilutive securities:
Unvested shares and units		1,199,052			—			—
Weighted average number of common shares - diluted		49,992,069			48,900,997			48,847,386
Basic income (loss) per common share:
Net income (loss) attributable to common shareholders per weighted average basic common share	$	0.14		$	(0.08	)	$	(0.11	)
Diluted income (loss) per common share:
Net income (loss) attributable to common shareholders per weighted average diluted common share	$	0.14		$	(0.08	)	$	(0.11	)

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Real Estate Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Initial cost, land	$ 267,784
Initial cost, buildings and improvements	982,889
Cost capitalized subsequent acquisition, land	762
Cost capitalized subsequent acquisition, buildings and improvements	191,032
Gross amount, land	268,546
Gross amount, buildings and improvements	1,173,921
Gross amount, total	1,442,467	$ 1,512,612	$ 1,564,433	$ 1,556,453
Accumulated depreciation	415,674	$ 401,532	$ 376,323	$ 328,832
Homewood Suites by Hilton Hartford-Farmington [Member]
Encumbrances	0
Initial cost, land	1,325
Initial cost, buildings and improvements	9,375
Cost capitalized subsequent acquisition, land	92
Cost capitalized subsequent acquisition, buildings and improvements	4,435
Gross amount, land	1,417
Gross amount, buildings and improvements	13,810
Gross amount, total	15,227
Accumulated depreciation	6,076
Residence Inn, Summerville [Member]
Encumbrances	9,500
Initial cost, land	2,300
Initial cost, buildings and improvements	17,060
Cost capitalized subsequent acquisition, land	11
Cost capitalized subsequent acquisition, buildings and improvements	344
Gross amount, land	2,311
Gross amount, buildings and improvements	17,404
Gross amount, total	19,715
Accumulated depreciation	3,276
Residence Inn, Long Island Holtsville [Member]
Encumbrances	0
Initial cost, land	2,200
Initial cost, buildings and improvements	18,765
Cost capitalized subsequent acquisition, land	27
Cost capitalized subsequent acquisition, buildings and improvements	2,875
Gross amount, land	2,227
Gross amount, buildings and improvements	21,640
Gross amount, total	23,867
Accumulated depreciation	8,210
Courtyard, Dallas [Member]
Encumbrances	24,500
Initial cost, land	2,900
Initial cost, buildings and improvements	42,760
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	267
Gross amount, land	2,900
Gross amount, buildings and improvements	43,027
Gross amount, total	45,927
Accumulated depreciation	7,616
Residence Inn, White Plains [Member]
Encumbrances	0
Initial cost, land	2,200
Initial cost, buildings and improvements	17,677
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	13,266
Gross amount, land	2,200
Gross amount, buildings and improvements	30,943
Gross amount, total	33,143
Accumulated depreciation	13,393
Silicon Valley III, Sunnyvale, CA [Member]
Encumbrances	0
Initial cost, land	8,171
Initial cost, buildings and improvements	0
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	0
Gross amount, land	8,171
Gross amount, buildings and improvements	0
Gross amount, total	8,171
Accumulated depreciation	0
Residence Inn, New Rochelle [Member]
Encumbrances	0
Initial cost, land	0
Initial cost, buildings and improvements	20,281
Cost capitalized subsequent acquisition, land	9
Cost capitalized subsequent acquisition, buildings and improvements	6,351
Gross amount, land	9
Gross amount, buildings and improvements	26,632
Gross amount, total	26,641
Accumulated depreciation	10,726
Residence Inn, Austin Northwest/The Domain Area [Member]
Encumbrances	20,850
Initial cost, land	2,400
Initial cost, buildings and improvements	33,346
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	349
Gross amount, land	2,400
Gross amount, buildings and improvements	33,695
Gross amount, total	36,095
Accumulated depreciation	3,747
Residence Inn, Garden Grove [Member]
Encumbrances	0
Initial cost, land	7,109
Initial cost, buildings and improvements	35,484
Cost capitalized subsequent acquisition, land	57
Cost capitalized subsequent acquisition, buildings and improvements	5,123
Gross amount, land	7,166
Gross amount, buildings and improvements	40,607
Gross amount, total	47,773
Accumulated depreciation	15,271
TownePlace Suites, Austin Northwest/The Domain Area [Member]
Encumbrances	19,075
Initial cost, land	2,300
Initial cost, buildings and improvements	29,347
Cost capitalized subsequent acquisition, land	5
Cost capitalized subsequent acquisition, buildings and improvements	139
Gross amount, land	2,305
Gross amount, buildings and improvements	29,486
Gross amount, total	31,791
Accumulated depreciation	3,253
Homewood Suites by Hilton, San Antonio River Walk [Member]
Encumbrances	0
Initial cost, land	5,999
Initial cost, buildings and improvements	24,764
Cost capitalized subsequent acquisition, land	10
Cost capitalized subsequent acquisition, buildings and improvements	10,602
Gross amount, land	6,009
Gross amount, buildings and improvements	35,366
Gross amount, total	41,375
Accumulated depreciation	13,410
Hilton Garden Inn, Destin Miramar Beach [Member]
Encumbrances	0
Initial cost, land	4,222
Initial cost, buildings and improvements	25,246
Cost capitalized subsequent acquisition, land	18
Cost capitalized subsequent acquisition, buildings and improvements	193
Gross amount, land	4,240
Gross amount, buildings and improvements	25,439
Gross amount, total	29,679
Accumulated depreciation	2,457
Residence Inn, Washington DC [Member]
Encumbrances	0
Initial cost, land	6,083
Initial cost, buildings and improvements	22,063
Cost capitalized subsequent acquisition, land	16
Cost capitalized subsequent acquisition, buildings and improvements	9,975
Gross amount, land	6,099
Gross amount, buildings and improvements	32,038
Gross amount, total	38,137
Accumulated depreciation	13,183
Residence Inn, Tysons Corner [Member]
Encumbrances	0
Initial cost, land	5,752
Initial cost, buildings and improvements	28,917
Cost capitalized subsequent acquisition, land	6
Cost capitalized subsequent acquisition, buildings and improvements	3,033
Gross amount, land	5,758
Gross amount, buildings and improvements	31,950
Gross amount, total	37,708
Accumulated depreciation	12,047
Hampton Inn, Portland Downtown [Member]
Encumbrances	0
Initial cost, land	4,315
Initial cost, buildings and improvements	22,664
Cost capitalized subsequent acquisition, land	5
Cost capitalized subsequent acquisition, buildings and improvements	1,587
Gross amount, land	4,320
Gross amount, buildings and improvements	24,251
Gross amount, total	28,571
Accumulated depreciation	7,916
Hyatt Place, Pittsburgh North Shore [Member]
Encumbrances	23,300
Initial cost, land	3,000
Initial cost, buildings and improvements	35,576
Cost capitalized subsequent acquisition, land	15
Cost capitalized subsequent acquisition, buildings and improvements	1,969
Gross amount, land	3,015
Gross amount, buildings and improvements	37,545
Gross amount, total	40,560
Accumulated depreciation	12,108
Hampton Inn, Exeter [Member]
Encumbrances	15,000
Initial cost, land	1,900
Initial cost, buildings and improvements	12,350
Cost capitalized subsequent acquisition, land	4
Cost capitalized subsequent acquisition, buildings and improvements	1,567
Gross amount, land	1,904
Gross amount, buildings and improvements	13,917
Gross amount, total	15,821
Accumulated depreciation	4,288
Residence Inn, Bellevue [Member]
Encumbrances	0
Initial cost, land	13,800
Initial cost, buildings and improvements	56,957
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	6,667
Gross amount, land	13,800
Gross amount, buildings and improvements	63,624
Gross amount, total	77,424
Accumulated depreciation	18,955
SpringHill Suites, Savannah [Member]
Encumbrances	22,000
Initial cost, land	2,400
Initial cost, buildings and improvements	36,050
Cost capitalized subsequent acquisition, land	1
Cost capitalized subsequent acquisition, buildings and improvements	3,767
Gross amount, land	2,401
Gross amount, buildings and improvements	39,817
Gross amount, total	42,218
Accumulated depreciation	12,077
Residence Inn, Silicon Valley I [Member]
Encumbrances	0
Initial cost, land	42,652
Initial cost, buildings and improvements	45,846
Cost capitalized subsequent acquisition, land	72
Cost capitalized subsequent acquisition, buildings and improvements	6,773
Gross amount, land	42,724
Gross amount, buildings and improvements	52,619
Gross amount, total	95,343
Accumulated depreciation	38,559
Residence Inn, Silicon Valley II [Member]
Encumbrances	0
Initial cost, land	46,474
Initial cost, buildings and improvements	50,380
Cost capitalized subsequent acquisition, land	56
Cost capitalized subsequent acquisition, buildings and improvements	8,032
Gross amount, land	46,530
Gross amount, buildings and improvements	58,412
Gross amount, total	104,942
Accumulated depreciation	42,477
Residence Inn, San Mateo [Member]
Encumbrances	0
Initial cost, land	38,420
Initial cost, buildings and improvements	31,352
Cost capitalized subsequent acquisition, land	123
Cost capitalized subsequent acquisition, buildings and improvements	5,769
Gross amount, land	38,543
Gross amount, buildings and improvements	37,121
Gross amount, total	75,664
Accumulated depreciation	26,813
Residence Inn, Mountain View [Member]
Encumbrances	0
Initial cost, land	22,019
Initial cost, buildings and improvements	31,813
Cost capitalized subsequent acquisition, land	29
Cost capitalized subsequent acquisition, buildings and improvements	10,832
Gross amount, land	22,048
Gross amount, buildings and improvements	42,645
Gross amount, total	64,693
Accumulated depreciation	30,680
Hyatt Place, Cherry Creek [Member]
Encumbrances	0
Initial cost, land	3,700
Initial cost, buildings and improvements	26,300
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	4,749
Gross amount, land	3,700
Gross amount, buildings and improvements	31,049
Gross amount, total	34,749
Accumulated depreciation	8,962
Courtyard, Addison [Member]
Encumbrances	0
Initial cost, land	2,413
Initial cost, buildings and improvements	21,554
Cost capitalized subsequent acquisition, land	42
Cost capitalized subsequent acquisition, buildings and improvements	4,813
Gross amount, land	2,455
Gross amount, buildings and improvements	26,367
Gross amount, total	28,822
Accumulated depreciation	7,925
Residence Inn, San Diego Gaslamp [Member]
Encumbrances	0
Initial cost, land	0
Initial cost, buildings and improvements	89,040
Cost capitalized subsequent acquisition, land	10
Cost capitalized subsequent acquisition, buildings and improvements	2,199
Gross amount, land	10
Gross amount, buildings and improvements	91,239
Gross amount, total	91,249
Accumulated depreciation	25,474
Hilton Garden Inn, Marina del Rey [Member]
Encumbrances	0
Initial cost, land	0
Initial cost, buildings and improvements	43,210
Cost capitalized subsequent acquisition, land	5
Cost capitalized subsequent acquisition, buildings and improvements	3,318
Gross amount, land	5
Gross amount, buildings and improvements	46,528
Gross amount, total	46,533
Accumulated depreciation	12,015
Residence Inn, Dedham [Member]
Encumbrances	0
Initial cost, land	4,230
Initial cost, buildings and improvements	17,304
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	3,245
Gross amount, land	4,230
Gross amount, buildings and improvements	20,549
Gross amount, total	24,779
Accumulated depreciation	5,677
Residence Inn Il Lugano [Member]
Encumbrances	0
Initial cost, land	9,200
Initial cost, buildings and improvements	24,048
Cost capitalized subsequent acquisition, land	14
Cost capitalized subsequent acquisition, buildings and improvements	2,907
Gross amount, land	9,214
Gross amount, buildings and improvements	26,955
Gross amount, total	36,169
Accumulated depreciation	7,443
Home2 Suites, Woodland Hills [Member]
Encumbrances	0
Initial cost, land	6,500
Initial cost, buildings and improvements	0
Cost capitalized subsequent acquisition, land	128
Cost capitalized subsequent acquisition, buildings and improvements	56,732
Gross amount, land	6,628
Gross amount, buildings and improvements	56,732
Gross amount, total	63,360
Accumulated depreciation	17,280
Hilton Garden Inn, Portsmouth [Member]
Encumbrances	0
Initial cost, land	3,600
Initial cost, buildings and improvements	37,630
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	5,278
Gross amount, land	3,600
Gross amount, buildings and improvements	42,908
Gross amount, total	46,508
Accumulated depreciation	8,266
Courtyard, Summerville [Member]
Encumbrances	9,000
Initial cost, land	2,500
Initial cost, buildings and improvements	16,923
Cost capitalized subsequent acquisition, land	7
Cost capitalized subsequent acquisition, buildings and improvements	1,211
Gross amount, land	2,507
Gross amount, buildings and improvements	18,134
Gross amount, total	20,641
Accumulated depreciation	3,749
Embassy Suites, Springfield [Member]
Encumbrances	0
Initial cost, land	7,700
Initial cost, buildings and improvements	58,807
Cost capitalized subsequent acquisition, land	0
Cost capitalized subsequent acquisition, buildings and improvements	2,665
Gross amount, land	7,700
Gross amount, buildings and improvements	61,472
Gross amount, total	69,172
Accumulated depreciation	$ 12,345

Consolidated Statements of Equity - USD ($) $ in Thousands	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2022	4,800,000	48,808,105
Balance at Dec. 31, 2022	$ 48	$ 488	$ 1,047,023	$ (252,665)	$ 794,894	$ 23,103	$ 817,997
Issuance of common shares pursuant to Equity Incentive Plan (in shares)	0	43,378
Issuance of common shares pursuant to Equity Incentive Plan	$ 0	$ 0	540	0	540	0	540
Issuance of common shares, net of offering costs (in shares)	0	5,896
Issuance of common shares, net of offering costs	$ 0	$ 0	59	0	59	0	59
Issuance of restricted time-based shares (in shares)	0	2,457
Issuance of restricted time-based shares	$ 0	$ 0	0	0	0	0	0
Amortization of share based compensation	0	0	47	0	47	5,600	5,647
Dividends declared on common shares	0	0	0	(13,680)	(13,680)	0	(13,680)
Distributions declared on LTIP units	0	0	0	0	0	(725)	(725)
Dividends accrued on preferred shares	0	0	0	(7,950)	(7,950)	0	(7,950)
Reallocation of noncontrolling interest	0	0	(493)	0	(493)	493	0
Book income before income taxes	$ 0	$ 0	0	2,644	2,644	(156)	2,488
Balance (in shares) at Dec. 31, 2023	4,800,000	48,859,836
Balance at Dec. 31, 2023	$ 48	$ 488	1,047,176	(271,651)	776,061	28,315	804,376
Issuance of common shares pursuant to Equity Incentive Plan (in shares)	0	43,670
Issuance of common shares pursuant to Equity Incentive Plan	$ 0	$ 1	470	0	471	0	471
Issuance of common shares, net of offering costs (in shares)	0	5,844
Issuance of common shares, net of offering costs	$ 0	$ 0	(226)	0	(226)	0	(226)
Issuance of restricted time-based shares (in shares)	0	2,943
Issuance of restricted time-based shares	$ 0	$ 0	0	0	0	0	0
Amortization of share based compensation	0	0	41	0	41	5,794	5,835
Dividends declared on common shares	0	0	0	(13,695)	(13,695)	0	(13,695)
Distributions declared on LTIP units	0	0	0	0	0	(858)	(858)
Dividends accrued on preferred shares	0	0	0	(7,950)	(7,950)	0	(7,950)
Reallocation of noncontrolling interest	0	0	(649)	0	(649)	649	0
Book income before income taxes	0	0	0	4,166	4,166	(131)	4,035
Forfeited distributions on LTIP units	$ 0	$ 0	0	0	0	9	9
Balance (in shares) at Dec. 31, 2024	4,800,000	48,912,293
Balance at Dec. 31, 2024	$ 48	$ 489	1,046,812	(289,130)	758,219	33,778	791,997
Issuance of common shares pursuant to Equity Incentive Plan (in shares)	0	61,551
Issuance of common shares pursuant to Equity Incentive Plan	$ 0	$ 1	562	0	563	0	563
Issuance of common shares, net of offering costs (in shares)	0	7,630
Issuance of common shares, net of offering costs	$ 0	$ 0	54	0	54	0	54
Issuance of restricted time-based shares (in shares)	0	8,044
Issuance of restricted time-based shares	$ 0	$ 0	0	0	0	0	0
Amortization of share based compensation	0	0	38	0	38	5,745	5,783
Dividends declared on common shares	0	0	0	(17,500)	(17,500)	0	(17,500)
Distributions declared on LTIP units	0	0	0	0	0	(1,288)	(1,288)
Dividends accrued on preferred shares	0	0	0	(7,950)	(7,950)	0	(7,950)
Reallocation of noncontrolling interest	0	0	763	0	763	(763)	0
Book income before income taxes	0	0	0	15,053	15,053	260	15,313
Forfeited distributions on LTIP units	$ 0	$ 0	0	0	0	48	48
Conversion of LTIP units to common shares (in shares)	0	33,396
Conversion of LTIP units to common shares	$ 0	$ 0	533	0	533		0
Conversion of LTIP units to common shares						(533)
Repurchases of common shares (in shares)	0	(1,314,327)
Repurchases of common shares	$ 0	$ (13)	(8,958)	0	(8,971)	0	(8,971)
Balance (in shares) at Dec. 31, 2025	4,800,000	47,708,587
Balance at Dec. 31, 2025	$ 48	$ 477	$ 1,039,804	$ (299,527)	$ 740,802	$ 37,247	$ 778,049

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation

The accompanying consolidated financial statements and related notes have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and in conformity with the rules and regulations of the Securities and Exchange Commission (“SEC”). These consolidated financial statements, in the opinion of management, include all adjustments consisting of normal, recurring adjustments which are considered necessary for a fair statement of the consolidated balance sheets, consolidated statements of operations, consolidated statements of equity, and consolidated statements of cash flows for the periods presented.

The consolidated financial statements include all of the accounts of the Company, the Operating Partnership (a variable interest entity) and its wholly owned subsidiaries. All intercompany balances and transactions are eliminated in consolidation.

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

The Company’s financial instruments include cash and cash equivalents, restricted cash, hotel receivables, accounts payable and accrued expenses, distributions payable, mortgage debt, revolving credit facility and unsecured term loan. Due to their relatively short maturities, the carrying values reported in the consolidated balance sheets for these financial instruments approximate fair value except for mortgage debt, the revolving credit facility, the construction loan, and the unsecured term loan, the fair value of which is separately disclosed in Note 6.

Investment, Policy [Policy Text Block]

Investment in Hotel Properties

The Company allocates the purchase prices of hotel properties acquired as asset acquisitions based on the fair value of the acquired real estate, furniture, fixtures and equipment, identifiable intangible assets and assumed liabilities. In making estimates of fair value for purposes of allocating the purchase price, the Company utilizes a number of sources of information that are obtained in connection with the acquisition of a hotel property, including valuations performed by independent third parties and information obtained about each hotel property resulting from pre-acquisition due diligence.

The Company’s investments in hotel properties are carried at cost and are depreciated using the straight-line method over the estimated useful lives of the assets, generally 40 years for buildings, 20 years for land improvements, 5 to 20 years for building improvements and one to ten years for furniture, fixtures and equipment. Renovations and/or replacements at the hotel properties that improve or extend the life of the assets are capitalized and depreciated over their useful lives, while repairs and maintenance are expensed as incurred. Upon the sale or retirement of property and equipment, the cost and related accumulated depreciation are removed from the Company’s accounts and any resulting gain or loss is recognized in the consolidated statements of operations.

Management periodically reviews its hotel properties for impairment whenever events or changes in circumstances indicate that the carrying value of the hotel properties may not be recoverable over management's estimated holding period. This estimated holding period incorporates management’s intent and ability to hold the hotel properties over the estimated holding period. Events or circumstances that may cause a review include, but are not limited to, adverse changes in the demand for lodging at the properties due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist and management has identified uncertainty surrounding the recoverability of the hotel property carrying value, management will perform an analysis to determine if the estimated undiscounted future cash flows, without interest charges, from operations and the estimated proceeds from the ultimate disposition of a hotel property exceed its carrying value. If the estimated undiscounted future cash flows are less than the carrying amount, an adjustment to reduce the carrying amount to the related hotel property's estimated fair value is recorded and an impairment loss recognized. For the year ended December 31, 2025, there were no impairment losses. For the year ended December 31, 2024, the Company incurred an impairment loss on one hotel property. For the year ended December 31, 2023, the Company incurred an impairment loss on one hotel property (See Note 5).

For properties the Company considers held for sale, depreciation and amortization are no longer recorded, and the value of the properties is recorded at the lower of depreciated cost or fair value, less the costs to sell. If circumstances arise that were previously considered unlikely, and, as a result, the Company decides not to sell a property previously classified as held for sale, the Company will reclassify such property as held and used. Such property is measured at the lower of its carrying amount (adjusted for any depreciation and amortization expense that would have been recognized had the property been continuously classified as held and used) or fair value at the date of the subsequent decision not to sell. The Company classifies properties as held for sale when all criteria within the Financial Accounting Standards Board's ("FASB") guidance on disposal of long-lived assets are met. As of December 31, 2025 and 2024 the Company had no hotel properties that met the criteria to be presented as held for sale.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand, demand deposits with financial institutions and short term liquid investments with an original maturity of three months or less. Cash balances in individual banks may exceed federally insurable limits.

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]

Restricted Cash

Restricted cash represents purchase price deposits held in escrow for potential hotel acquisitions under contract, escrows and reserves for capital expenditures, and property taxes or insurance that are required pursuant to the Company’s loans. Restricted cash on the accompanying consolidated balance sheets at December 31, 2025 and 2024 is $8.2 million and $9.6 million, respectively.

Receivable [Policy Text Block]

Hotel Receivables

Hotel receivables consist of amounts owed by guests staying in the hotels and amounts due from business and group customers. An allowance for doubtful accounts is provided and maintained at a level believed to be adequate to absorb estimated probable losses. At December 31, 2025 and 2024, the allowance for doubtful accounts was $0.3 million and $0.3 million, respectively.

Prepaid Expenses and Other Assets [Policy Text Block]

Prepaid Expenses and Other Assets

The Company’s prepaid expenses and other assets consist of prepaid insurance, prepaid property taxes, deposits and hotel supplies inventory.

Deferred Charges, Policy [Policy Text Block]

Deferred Costs

Deferred costs consist of franchise agreement application fees for the Company’s hotels, costs associated with potential future acquisitions and loan costs related to the Company’s senior unsecured revolving credit facility. Deferred costs consisted of the following at December 31, 2025 and 2024 (in thousands):

	*December 31, 2025*			*December 31, 2024*
Loan costs	$	10,465		$	6,323
Franchise fees		4,631			4,961
Other		1,445			334
		16,541			11,618
Less accumulated amortization		(9,157	)		(7,580	)
Deferred costs, net	$	7,384		$	4,038

Franchise fees are recorded at cost and amortized over a straight-line basis over the term of the franchise agreements. For the years ended December 31, 2025, 2024 and 2023, amortization expense related to franchise fees of $0.2 million, $0.2 million and $0.2 million, respectively, is included in depreciation and amortization in the consolidated statements of operations. Amortization expense related to loan costs of $0.8 million, $0.7 million and $0.7 million for the years ended December 31, 2025, 2024 and 2023, respectively, is included in interest expense in the consolidated statements of operations.

Debt, Policy [Policy Text Block]

Mortgage Debt, net

Mortgage debt, net consists of mortgage loans on certain hotel properties less the costs associated with acquiring those loans. Mortgage debt consisted of the following at December 31, 2025 and 2024 (in thousands):

	*December 31, 2025*			*December 31, 2024*
Mortgage debt	$	143,225		$	159,182
Deferred financing costs		(1,750	)		(1,971	)
Mortgage debt, net	$	141,475		$	157,211

Deferred financing loan costs are recorded at cost and amortized over the term of the loan applying the effective interest rate method. For the years ended December 31, 2025, 2024 and 2023, amortization expense related to mortgage loan costs of $0.2 million, $0.3 million, and $0.3 million, respectively, is included in interest expense in the consolidated statements of operations.

Unsecured Term Loan, net

Unsecured term loan, net consists of the Company's outstanding borrowings under its unsecured term loan less the costs associated with acquiring the loan. The balances as of December 31, 2025 and 2024 were as follows (in thousands):

	*December 31, 2025*			*December 31, 2024*
Unsecured term loan	$	200,000		$	140,000
Deferred financing costs		(2,562	)		(362	)
Unsecured term loan, net	$	197,438		$	139,638

Deferred financing loan costs are recorded at cost and amortized over the term of the loan applying the effective interest rate method. For the years ended December 31, 2025, 2024 and 2023, amortization expense related to unsecured term loan costs of $0.5 million, $0.4 million, and $0.2 million, respectively, is included in interest expense in the consolidated statements of operations.

Revenue [Policy Text Block]

Revenue Recognition

Revenue from hotel operations is recognized when rooms are occupied and when services are provided. Revenue consists of amounts derived from hotel operations, including sales from room, meeting room, gift shop, in-room movie and other ancillary amenities. Sales, use, occupancy, and similar taxes are collected and presented on a net basis (excluded from revenue) in the accompanying consolidated statements of operations. Cash received prior to customer arrival is recorded as an advanced deposit from the customer and is recognized as revenue at the time of occupancy.

Room revenue is generated through short-term contracts with customers whereby customers agree to pay a daily rate for the right to occupy hotel rooms for one or more nights. Our performance obligations are fulfilled at the end of each night that the customers have the right to occupy the rooms. Room revenues are recognized daily at the contracted room rate in effect for each room night.

Food and beverage revenues are generated when customers purchase food and beverage at a hotel's restaurant, bar or other facilities. Our performance obligations are fulfilled at the time that food and beverage is purchased and provided to our customers.

Other revenues such as for parking, cancellation fees, meeting space or telephone services are recognized at the point in time or over the time period that the associated good or service is provided.

Share-Based Payment Arrangement [Policy Text Block]

Share-Based Compensation

The Company measures compensation expense for the restricted share awards based upon the fair market value of its common shares at the date of grant. The Company measures compensation expense for the LTIP and Class A Performance units based upon the Monte Carlo approach using volatility, dividend yield and a risk free interest rate in the valuation. Compensation expense is recognized on a straight-line basis over the vesting period and is included in general and administrative expense in the accompanying consolidated statements of operations. The Company pays dividends on vested and non-vested restricted shares, except for performance-based shares, for which dividends on unvested shares are not paid until those shares are vested. The Company has also issued Class A Performance LTIP units from time to time as part of its compensation practices. Prior to vesting, holders of Class A Performance LTIP Units will not be entitled to vote their Class A Performance LTIP units. In addition, under the terms of the Class A Performance LTIP units, a holder of a Class A Performance LTIP unit will generally (i) be entitled to receive 10% of the distributions made on a common unit of the Operating Partnership during the period prior to vesting of such Class A Performance LTIP unit (the “Pre-Vesting Distributions”), (ii) be entitled, upon the vesting of such Class A Performance LTIP unit, to receive a special one-time “catch-up” distribution equal to the aggregate amount of distributions that were paid on a common unit during the period prior to vesting of such Class A Performance LTIP unit minus the aggregate amount of Pre-Vesting Distributions paid on such Class A Performance LTIP unit, and (iii) be entitled, following the vesting of such Class A Performance LTIP unit, to receive the same amount of distributions paid on a common unit of the Operating Partnership.

Earnings Per Share, Policy [Policy Text Block]

Earnings Per Share

A two class method is used to determine earnings per share. Basic earnings per share ("EPS") is computed by dividing net income (loss) available for common shareholders, adjusted for dividends on unvested share grants, by the weighted average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income (loss) available for common shareholders, adjusted for dividends or distributions, on unvested share grants and LTIP units, by the weighted average number of common shares outstanding plus potentially dilutive securities such as share grants or shares issuable in the event of conversion of common units. No adjustment is made for shares that are anti-dilutive during the period. The Company’s restricted share awards and LTIP units that are subject solely to time-based vesting conditions are entitled to receive dividends or distributions on the Company's common shares or the Operating Partnership's common units, respectively, if declared. In addition, dividends on the Class A Performance LTIP units are paid the equivalent of 10% of the declared dividends on the Company's common shares. The rights to these dividends or distributions declared are non-forfeitable. As a result, the unvested restricted shares and LTIP units that are subject solely to time-based vesting conditions, as well as 10% of the unvested Class A Performance LTIP units, qualify as participating securities requiring the allocation of earnings under the two-class method to calculate EPS. The percentage of earnings allocated to these participating securities is based on the proportion of the weighted average of these outstanding participating securities to the sum of the basic weighted average common shares outstanding and the weighted average of these outstanding participating securities. Basic EPS is then computed by dividing income less earnings allocable to these participating securities by the basic weighted average number of shares outstanding. Diluted EPS is computed similar to basic EPS, except the weighted average number of shares outstanding is increased to include the effect of potentially dilutive securities.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Company elected to be taxed as a REIT for federal income tax purposes. In order to qualify as a REIT under the Internal Revenue Code of 1986, as amended, the Company must meet certain organizational and operational requirements, including a requirement to distribute at least 90% of its annual REIT taxable income to its shareholders (which is computed without regard to the dividends paid deduction or net capital gain and which does not necessarily equal net income as calculated in accordance with GAAP). As a REIT, the Company generally will not be subject to federal income tax to the extent the Company distributes its REIT taxable income to its shareholders. If the Company fails to qualify as a REIT in any taxable year, the Company will be subject to federal income tax on its REIT taxable income at regular corporate income tax rates and generally will not be permitted to qualify for treatment as a REIT for federal income tax purposes for the four taxable years following the year during which qualification is lost unless the IRS grants the Company relief under certain statutory provisions.

The Company leases its wholly owned hotels to TRS Lessees, which are wholly owned by the Company’s taxable REIT subsidiary (a “TRS”) which, in turn is wholly owned by the Operating Partnership. The TRS is subject to federal and state income taxes and the Company accounts for taxes, where applicable, in accordance with the provisions of FASB Accounting Standards Codification 740 using the asset and liability method which recognizes deferred tax assets and liabilities for future tax consequences arising from differences between financial statement carrying amounts and income tax bases.

The Company accounts for income taxes using the asset and liability method. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective income tax bases, and for net operating loss, capital loss and tax credit carryforwards. The deferred tax assets and liabilities are measured using the enacted income tax rates in effect for the year in which those temporary differences are expected to be realized or settled. The effect on the deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period when the new rate is enacted. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized based on consideration of all available evidence, including the future reversals of existing taxable temporary differences, future projected taxable income and tax planning strategies. Valuation allowances are provided if, based upon the weight of the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company performs an annual review for any uncertain tax positions and, if necessary, will record the expected future tax consequences of uncertain tax positions in the consolidated financial statements.

As of December 31, 2025, the Company is no longer subject to U.S federal income tax examinations for years before 2022 and with few exceptions to state examinations before 2022. The Company evaluates whether a tax position of the Company is more likely than not to be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits of the position. For tax positions meeting the more likely than not threshold, the tax amount recognized in the financial statements is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement with the relevant taxing authority. The Company has reviewed its tax positions for open tax years and has concluded no provision for income taxes is required in the Company's consolidated financial statements as of December 31, 2025. Interest and penalties related to uncertain tax benefits, if any, in the future will be recognized as operating expense.

Segment Reporting, Policy [Policy Text Block]

Segment Information

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Adopted Accounting Standards

In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, “Improvements to Income Tax Disclosures (Topic 740),” which requires entities to disclose in their rate reconciliation table additional categories of information about federal, state and foreign income taxes as well as additional information about reconciling items if certain quantitative thresholds are met. This ASU will require all entities to disclose income taxes paid, net of refunds, disaggregated by federal (national), state and foreign taxes for annual periods and to disaggregate the information by jurisdiction based on a quantitative threshold. All entities are required to apply the guidance prospectively, with the option to apply it retrospectively. The Company adopted this ASU prospectively during the year ended December 31, 2025 (See Note 7).

Recently Issued Accounting Standards

In November 2024, the FASB issued ASU 2024-03, “Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, which requires disaggregated disclosures in the notes of the financial statements of certain categories of expenses that are included in expense line items on the face of the income statement. This ASU is effective for annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the potential impact adopting ASU 2024-03 will have on the Company's consolidated financial statements and disclosures.

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Change in Real Estate Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Balance at the beginning of the year	$ 1,512,612	$ 1,564,433	$ 1,556,453
Acquisitions	0	0	0
Dispositions	(87,014)	(62,647)	0
Impairment of depreciable assets	0	(4,256)	(4,266)
Improvements	16,869	15,082	12,246
Balance at the end of the year	1,442,467	1,512,612	1,564,433
Finance lease assets at the end of the year	39,518	40,240	0
Total investment in real estate	$ 1,481,985	$ 1,552,852	$ 1,564,433

Note 5 - Investment in Hotel Properties

12 Months Ended

Dec. 31, 2025

Real Estate Disclosure [Text Block]

5.	Investment in Hotel Properties

Investment in hotel properties, net

Investment in hotel properties, net as of December 31, 2025 and 2024 consisted of the following (in thousands):

	*December 31, 2025*			*December 31, 2024*
Land and improvements	$	268,546		$	280,415
Building and improvements		1,174,132			1,232,438
Furniture, fixtures and equipment		87,528			107,947
Finance lease assets		43,840			43,760
Renovations in progress		11,718			17,232
		1,585,764			1,681,792
Less accumulated depreciation and amortization		(478,874	)		(484,274	)
Investment in hotel properties, net	$	1,106,890		$	1,197,518

There were no impairments recorded during the year ended December 31, 2025. During the year ended December 31, 2024, the Company recorded an impairment loss of $4.3 million on the CY Houston hotel property to write down the value of the hotel property to its estimated fair value which approximated its estimated selling price. The CY Houston hotel property was sold on April 22, 2025. During the year ended December 31, 2023, the Company recorded an impairment loss of $4.3 million on the HGI Denver Tech hotel property to write down the hotel property to estimated fair value which approximated its estimated selling price. The HGI Denver Tech hotel property was sold on January 9, 2024.

On November 26, 2025, the Company entered into an agreement to purchase a portfolio of six hotels for $92.0 million. There can be no assurance that this transaction will ultimately close.

Investment in hotel properties under development

During the year ended December 31, 2023, the Company wrote-off $2.2 million of previous expenditures related to the development of a hotel in California that the Company decided to no longer pursue. The write-off expense is included in other charges in the consolidated statements of operations.

Note 12 - Leases - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	May 30, 2024
Finance lease assets, net	$ 40,943	$ 42,750	$ 300
Right of use asset, net	16,912	17,547
Total ROU asset, net	57,855	60,297
Finance lease liability	283	285
Operating lease liability	19,784	20,349
Total lease liability	$ 20,067	$ 20,634

Note 4 - Disposition of Hotel Properties (Details Textual) - USD ($) $ in Thousands								12 Months Ended
	Dec. 23, 2025	Apr. 22, 2025	Mar. 17, 2025	Jan. 30, 2025	Dec. 16, 2024	Dec. 06, 2024	Jan. 09, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Proceeds from Sale, Real Estate, Held-for-Investment								$ 69,992	$ 45,868	$ 0
Gains (Losses) on Sales of Investment Real Estate								$ 14,369	$ 5,713	$ 18
Hilton Garden Inn Denver Tech Center [Member]
Proceeds from Sale, Real Estate, Held-for-Investment							$ 18,000
Gains (Losses) on Sales of Investment Real Estate							$ (200)
Homewood Suites by Hilton, Hotel Property in Billerica, Maine [Member]
Proceeds from Sale, Real Estate, Held-for-Investment	$ 17,400
Gains (Losses) on Sales of Investment Real Estate	$ 6,500
Courtyard Houston Hotel Property in Houston, TX [Member]
Proceeds from Sale, Real Estate, Held-for-Investment		$ 23,500
Gains (Losses) on Sales of Investment Real Estate		$ 100
Hampton Inn & Suites, Houston-Medical Center [Member]
Proceeds from Sale, Real Estate, Held-for-Investment			$ 15,500
Gains (Losses) on Sales of Investment Real Estate			$ 1,800
Homewood Suites by Hilton Nashville-Brentwood [Member]
Proceeds from Sale, Real Estate, Held-for-Investment				$ 15,000
Gains (Losses) on Sales of Investment Real Estate				$ 5,600
Homewood Suites, Hilton Minneapolis-Mall of America [Member]
Proceeds from Sale, Real Estate, Held-for-Investment					$ 13,800
Gains (Losses) on Sales of Investment Real Estate					$ (800)
HWS Maitland [Member]
Proceeds from Sale, Real Estate, Held-for-Investment						$ 15,500
Gains (Losses) on Sales of Investment Real Estate						$ 6,700

The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes.

Note 3 - Acquisition of Hotel Properties (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	May 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Payment for Acquisition, Real Estate, Held-for-Investment	$ 43,300	$ (0)	$ 43,734	$ (0)
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	300	$ 40,943	$ 42,750
Asset Acquisition, Consideration Transferred, Transaction Cost	$ 100
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Real Estate Investment Property, Net	Real Estate Investment Property, Net	Real Estate Investment Property, Net

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Allowance for doubtful accounts	$ 261	$ 300
Accounts payable and accrued expenses, related parties	$ 26,648	$ 29,621
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred shares, authorized (in shares)	100,000,000	100,000,000
Preferred shares, issued (in shares)	4,800,000	4,800,000
Preferred shares, outstanding (in shares)	4,800,000	4,800,000
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized (in shares)	500,000,000	500,000,000
Common shares, issued (in shares)	47,708,587	48,912,293
Common shares, outstanding (in shares)	47,708,587	48,912,293
Related Party [Member]
Accounts payable and accrued expenses, related parties	$ 234	$ 490

Note 6 - Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Text Block]

Debt

The Company's mortgage loans are collateralized by first-mortgage liens on certain of the Company's properties. The mortgages are non-recourse except for instances of fraud or misapplication of funds. Debt consisted of the following (in thousands):

					*December 31, 2025*
					*Property*		*Balance Outstanding as of*
	*Interest*				*Carrying*		*December 31,*			*December 31,*
Loan/Collateral	*Rate*			*Maturity Date*	*Value*		*2025*			*2024*
Revolving Credit Facility (1)		5.52	%	September 25, 2029	$	—	$	—		$	110,000
Unsecured Term Loan (2)		5.47	%	September 25, 2029		—		200,000			140,000
Hampton Inn & Suites Houston-Medical Center, TX		4.25	%	January 6, 2025		—		—			15,957
Courtyard by Marriott Dallas, TX		7.61	%	September 11, 2028		38,403		24,500			24,500
Hyatt Place Pittsburgh, PA (3)		7.29	%	June 11, 2029		28,825		23,300			23,300
Residence Inn by Marriott Austin, TX		7.42	%	September 6, 2033		34,844		20,850			20,850
TownePlace Suites by Marriott Austin, TX		7.42	%	September 6, 2033		28,889		19,075			19,075
Courtyard by Marriott Summerville, SC		7.33	%	September 11, 2033		17,524		9,000			9,000
Residence Inn by Marriott Summerville, SC		7.33	%	September 11, 2033		16,549		9,500			9,500
SpringHill Suites by Marriott Savannah, GA (4)		6.70	%	June 6, 2034		31,854		22,000			22,000
Hampton Inn & Suites Exeter, NH (4)		6.70	%	June 11, 2034		11,938		15,000			15,000
Total debt before unamortized debt issue costs					$	208,826	$	343,225		$	409,182
Unamortized term loan and mortgage debt issue costs								(4,312	)		(2,332	)
Total debt outstanding							$	338,913		$	406,850

The interest rate for the revolving credit facility is variable and based on one-month term secured overnight financing rate ("SOFR") plus a spread of 1.50% to 2.25% based on the Company's leverage.

The interest rate for the unsecured term loan is variable and based on one-month term SOFR plus a spread of 1.45% to 2.20% based on the Company's leverage.

On May 31, 2024, a subsidiary of Chatham entered into an agreement with Wells Fargo Bank to obtain a $23.3 million loan secured by the Hyatt Place Pittsburgh. The loan has a term of five years, carries a fixed interest rate of 7.29%, and is interest-only for its duration.

On June 6, 2024, two subsidiaries of Chatham entered into two agreements with Barclays Capital Real Estate and Wells Fargo Bank to obtain a $22.0 million loan secured by the SpringHill Suites Savannah and a $15.0 million loan secured by the Hampton Inn & Suites Exeter. Each loan has a term of ten years, carries a fixed interest rate of 6.70%, and is interest-only for its duration.

On September 25, 2025, the Company entered into a new credit agreement for a credit facility (the "Credit Facility") consisting of a $300.0 million unsecured revolving credit facility and a $200.0 million unsecured term loan facility which replaced the existing $260.0 million revolving credit facility and the existing $140.0 million unsecured term loan facility. Proceeds from the new $200.0 million funded term loan were used to repay the $60.0 million of outstanding borrowings under the prior $260.0 million revolving credit facility and the $140.0 million of outstanding borrowings under the prior term loan. The new Credit Facility has an initial maturity date of September 25, 2029 and provides options to extend for one year. Total commitments of $500.0 million under the new Credit Facility can be increased up to $650.0 million through an accordion feature.

At December 31, 2025 and 2024, the Company had $200.0 million and $250.0 million, respectively, of outstanding borrowings under its revolving credit facility and unsecured term loan. At December 31, 2025, the maximum remaining borrowing availability under the combined facilities was $300.0 million.

During the year ended December 31, 2025, the Company repaid the maturing mortgage loan of $16.0 million on the Hampton Inn Houston hotel property. During the year ended December 31, 2024, the Company repaid the maturing mortgage loans of $29.3 million on the Residence Inn Garden Grove hotel property, $34.9 million on the Residence Inn Mountain View hotel property, $27.6 million on the SpringHill Suites Savannah hotel property, $59.5 million on the Residence Inn Silicon Valley I hotel property, $65.0 million on the Residence Inn Silicon Valley II hotel property, $44.7 million on the Residence Inn San Mateo hotel property, $18.8 million on the Hilton Garden Inn Marina del Rey hotel property, and $14.2 million on the Homewood Suites Billerica hotel property. The Company utilized cash, borrowings under its unsecured credit facility and unsecured term loan, and proceeds from its eight new mortgage loans to repay these loans.

The Company estimates the fair value of its fixed rate debt by discounting the future cash flows of each instrument at estimated market rates. All of the Company's mortgage loans are fixed-rate. Rates take into consideration general market conditions, quality and estimated value of collateral and maturity of debt with similar credit terms and are classified within level 3 of the fair value hierarchy. The estimated fair value of the Company’s fixed rate debt as of December 31, 2025 and 2024 was $154.0 million and $164.8 million, respectively.

The Company estimates the fair value of its variable rate debt by taking into account general market conditions and the estimated credit terms it could obtain for debt with a similar maturity and that is classified within level 3 of the fair value hierarchy. As of December 31, 2025, the Company’s variable rate debt consisted of borrowings under its revolving credit facility and its unsecured term loan. The estimated fair value of the Company’s variable rate debt as of December 31, 2025 and 2024 was $200.0 million and $250.0 million, respectively.

Future scheduled principal payments of debt obligations as of December 31, 2025, for each of the next five calendar years and thereafter are as follows (in thousands):

	*Amount*
2026	$	—
2027		—
2028		24,590
2029		223,681
2030		410
Thereafter		94,544
Total debt before unamortized debt issue costs	$	343,225
Unamortized mortgage debt issue costs		(4,312	)
Total debt outstanding	$	338,913

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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Note 15 - Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting Disclosure [Text Block]

15.

Segment Information

Management evaluates the Company's hotels as a single reportable segment as a result of aggregating multiple operating segments, because all of the Company's hotels have similar economic characteristics and provide similar services to similar types of customers. Our single reportable segment comprises the structure used by our Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer, who collectively have been determined to be our Chief Operating Decision Maker ("CODM"), to make key operating decisions and assess performance. Our CODM evaluates our single reportable segment's operating performance based on individual hotel property net income (loss) before interest expense, income tax expense, depreciation and amortization, corporate general and administrative expense, impairment loss, loss on early extinguishment of debt, other charges, interest and other income, and gains or losses on sales of hotel properties ("Adjusted Hotel EBITDA"). Our single reportable segment's assets are consistent with total assets included in the Company's consolidated balance sheets.

The following table includes revenue, significant hotel operating expenses, and Adjusted Hotel EBITDA for the Company’s hotels, reconciled to Net income (in thousands):

	*For the year ended*
	*December 31,*
	*2025*			*2024*			*2023*
Revenue:
Room	$	269,206		$	290,290		$	284,999
Food and beverage		6,894			7,737			8,124
Other		17,897			18,077			16,703
Total hotel property level revenue (1)		293,997			316,104			309,826
Expenses:
Room		59,752			65,311			61,794
Food and beverage		5,517			6,218			6,352
Telephone		1,172			1,360			1,439
Other hotel operating		4,487			4,127			3,712
General and administrative		27,010			28,826			28,884
Franchise and marketing fees		23,620			25,355			24,897
Advertising and promotions		6,804			6,229			6,085
Utilities		12,372			13,161			13,007
Repairs and maintenance		15,272			16,516			15,837
Management fees paid to related parties		9,895			10,733			10,557
Insurance		3,272			3,340			2,822
Property taxes, ground rent and insurance		21,952			23,709			23,507
Total hotel property level expenses		191,125			204,885			198,893

Adjusted Hotel EBITDA	$	102,872		$	111,219		$	110,933

Reconciliation of Adjusted Hotel EBITDA to Net income
Interest expense, including amortization of deferred fees		(25,659	)		(30,880	)		(27,128	)
Depreciation and amortization		(59,749	)		(60,741	)		(58,254	)
Corporate general and administrative		(16,589	)		(18,388	)		(17,517	)
Other charges		(27	)		(327	)		(2,300	)
Impairment loss		—			(4,256	)		(4,266	)
Loss on early extinguishment of debt		(174	)		(17	)		(696	)
Interest and other income		270			1,712			1,534
Gain on sale of hotel properties		14,369			5,713			18
Gain from partial lease termination		—			—			164

Net income	$	15,313		$	4,035		$	2,488

(1) The difference between total hotel property level revenue and total revenue on the consolidated statements of operations is due to reimbursable costs from related parties of $1.1 million, $1.1 million, and $1.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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Supplemental Disclosure of Non-cash Investing and Financing Information

12 Months Ended

Dec. 31, 2025

Cash Flow, Supplemental Disclosures [Text Block]

Supplemental disclosure of non-cash investing and financing information:

On January 15, 2026, the Company issued 61,699 shares to its independent trustees pursuant to the Company’s Equity Incentive Plan as compensation for services performed in 2025. On January 15, 2025, the Company issued 61,551 shares to its independent trustees pursuant to the Company’s Equity Incentive Plan as compensation for services performed in 2024. On January 16, 2024, the Company issued 43,670 shares to its independent trustees pursuant to the Company's Equity Incentive Plan as compensation for services performed in 2023.

As of December 31, 2025, the Company had accrued distributions payable of $6.7 million. As of December 31, 2024, the Company had accrued distributions payable of $5.6 million. As of December 31, 2023, the Company had accrued distributions payable of $5.4 million.

Accrued share based compensation of $0.4 million, $0.6 million and $0.5 million is included in accounts payable and accrued expenses as of December 31, 2025, 2024 and 2023, respectively.

Accrued capital improvements of $2.0 million, $1.6 million and $1.3 million are included in accounts payable and accrued expenses as of December 31, 2025, 2024, and 2023 respectively.

The accompanying notes are an integral part of these consolidated financial statements.

Note 9 - Shareholders' Equity

12 Months Ended

Dec. 31, 2025

Equity [Text Block]

9.	Shareholders' Equity

Common Shares

The Company is authorized to issue up to 500,000,000 common shares of beneficial interest, $0.01 par value per share ("common shares"). Each outstanding common share entitles the holder to one vote on all matters submitted to a vote of shareholders. Holders of the Company’s common shares are entitled to receive dividends when authorized by the Company's Board of Trustees. As of December 31, 2025, 47,708,587 common shares were outstanding.

In December 2017, the Company established a $50 million dividend reinvestment and stock purchase plan (the "DRSPP") which renewed in December 2020 and renewed again in January 2024. Under the DRSPP, shareholders may purchase additional common shares by reinvesting some or all of the cash dividends received on common shares. Shareholders may also make optional cash purchases of common shares subject to certain limitations detailed in the prospectus for the DRSPP. During the year ended December 31, 2025, the Company issued 7,630 common shares under the DRSPP at a weighted average price of $7.10, which generated $54 thousand of proceeds. As of December 31, 2025, there was approximately $49.9 million of common shares available for issuance under the DRSPP.

In January 2021, the Company established an "at-the-market" equity offering program (the "ATM Program") whereby, from time to time, the Company may publicly offer and sell its common shares having an aggregate offering price of up to $100 million by means of ordinary brokers transactions on the New York Stock Exchange (the "NYSE"), in negotiated transactions or in transactions deemed to be "at-the-market" offerings as defined in Rule 415 under the Securities Act of 1933, as amended. The Company did not issue any common shares under the ATM Program during the year ended December 31, 2025. As of December 31, 2025, there was approximately $77.5 million of common shares available for issuance under the ATM Program.

In May 2025, the Board of Trustees authorized and approved a $25.0 million share repurchase program (the "Share Repurchase Program") of common shares of the Company. Under the Share Repurchase Program, the Company has the ability to repurchase up to $25.0 million of common shares through open market purchases or other privately negotiated transactions at times and in amounts as the Company deems appropriate. The Share Repurchase Program has no time limit and may be suspended or discontinued at any time. During the year ended December 31, 2025, the Company repurchased 1,313,795 common shares at a weighted-average price per share of $6.83 for an aggregate purchase price, including commissions, of approximately $9.0 million. As of December 31, 2025, there was approximately $16.0 million of common shares available for repurchase under the Share Repurchase Program.

Preferred Shares

The Company is authorized to issue up to 100,000,000 preferred shares, $0.01 par value per share, in one or more series.

On June 30, 2021, the Company issued 4,800,000 6.625% Series A Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (the “Series A Preferred Shares”), and received net proceeds of approximately $115.9 million. The Series A Preferred Shares rank senior to the Company’s common shares with respect to the payment of dividends and distributions of assets in the event of a liquidation, dissolution, or winding up. The Series A Preferred Shares do not have any maturity date and are not subject to mandatory redemptions or sinking fund requirements. The distribution rate is 6.625% per annum of the $25.00 liquidation preference, which is equivalent to $1.65624 per annum per Series A Preferred Share. Distributions on the Series A Preferred Shares are payable quarterly in arrears with the first distribution on the Series A Preferred Shares paid on October 15, 2021. The Company may not redeem the Series A Preferred Shares before June 30, 2026 except in limited circumstances to preserve the Company's status as a REIT for federal income tax purposes and upon the occurrence of a change of control. On and after June 30, 2026, the Company may, at its option, redeem the Series A Preferred Shares, in whole or from time to time in part, by paying $25.00 per share, plus any accrued and unpaid distributions to, but not including, the date of redemption. Upon the occurrence of a change of control, as defined in the Company's declaration of trust, the result of which the Company’s common shares and the common securities of the acquiring or surviving entity are not listed on the New York Stock Exchange, the NYSE MKT or NASDAQ, or any successor exchanges, the Company may, at its option, redeem the Series A Preferred Shares in whole or in part within 120 days following the change of control by paying $25.00 per share, plus any accrued and unpaid distributions through the date of redemption. If the Company does not exercise its right to redeem the Series A Preferred Shares upon a change of control, the holders of the Series A Preferred Shares have the right to convert some or all of their shares into a number of the Company’s common shares based on defined formulas subject to share caps. The share cap on each Series A Preferred Share is 3.701 common shares. As of December 31, 2025, 4,800,000 Series A Preferred Shares were issued and outstanding. During the year ended December 31, 2025, the Company paid preferred share dividends of $8.0 million.

Operating Partnership Units

Holders of common units in the Operating Partnership, if and when issued, will have certain redemption rights, which will enable the unit holders to cause the Operating Partnership to redeem their units in exchange for, at the Company’s option, cash per unit equal to the market price of the Company’s common shares at the time of redemption or for the Company’s common shares on a one-for-one basis. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of share splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of limited partners or shareholders. During the year ended December 31, 2025, the Company issued 33,396 of common shares in exchange for outstanding LTIP units on a one-for-one basis. As of December 31, 2025, there were 2,191,510 vested Operating Partnership LTIP units held by current and former employees.

The entire disclosure for equity.

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Note 7 - Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Allowance for doubtful accounts	$ 101	$ 74
Accrued compensation	430	375
Net operating loss	18,873	18,893
Gross deferred tax assets	19,404	19,342
Less: Valuation Allowance	(19,404)	(19,342)
Total deferred tax assets net of valuation allowance	0	0
Total book/tax difference in partnership	0	0
Gross deferred tax liabilities:	0	0
Net, deferred tax assets:	$ 0	$ 0

Note 3 - Acquisition of Hotel Properties

12 Months Ended

Dec. 31, 2025

Asset Acquisition [Text Block]

3.	Acquisition of Hotel Properties

On May 30, 2024, the Company acquired the Home2 Suites Phoenix Downtown ("Home2 Phoenix") hotel property in Phoenix, AZ for $43.3 million. Based on the terms of the acquisition and corresponding lease, the transaction qualifies as a finance lease for which the Company has recorded right-of-use ("ROU") assets and a lease liability (see Note 12). The Company's ROU asset balance includes $0.3 million related to its lease liability and property acquisition costs of $0.1 million, which are all recorded within Investment in hotel properties, net.

The Company allocated the purchase price of each hotel property acquired based on the estimated fair values of the assets on the date of acquisition. The value of the assets acquired was primarily based on a sales comparison approach (for land) and a depreciated replacement cost approach (for building and improvements and furniture, fixtures and equipment). The sales comparison approach uses inputs of recent land sales in the respective hotel markets. The depreciated replacement cost approach uses inputs of both direct and indirect replacement costs using a nationally recognized authority on replacement cost information as well as the age, square footage and number of rooms of the respective assets.

Note 12 - Leases - Schedule of Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
2026	$ 1,768
2027	1,313
2028	1,338
2029	1,338
2030	1,407
Thereafter	59,765
Total lease payments	66,929
Less: Imputed interest	(46,862)
Operating and Finance Lease, Liabilities	$ 20,067	$ 20,634

Note 6 - Debt - Schedule of Future Payments of Debt Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
2026	$ 0
2027	0
2028	24,590
2029	223,681
2030	410
Thereafter	94,544
Total debt before unamortized debt issue costs	343,225	$ 409,182
Unamortized mortgage debt issue costs	(4,312)	(2,332)
Total debt outstanding	$ 338,913	$ 406,850

Amount of unamortized debt discount (premium) and debt issuance costs.

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

Note 4 - Disposition of Hotel Properties

12 Months Ended

Dec. 31, 2025

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

4.	Disposition of Hotel Properties

On December 23, 2025, the Company sold the Homewood Suites by Hilton Boston-Billerica ("HWS Billerica") hotel property in Billerica, MA for $17.4 million and recognized a gain on sale of the hotel property of $6.5 million.

On April 22, 2025, the Company sold the Courtyard Houston-Medical Center ("CY Houston") hotel property in Houston, TX for $23.5 million and recognized a gain on sale of the hotel property of $0.1 million.

On March 17, 2025, the Company sold the Hampton Inn & Suites Houston-Medical Center ("HI Houston") hotel property in Houston, TX for $15.5 million and recognized a gain on sale of the hotel property of $1.8 million.

On January 30, 2025, the Company sold the Homewood Suites by Hilton Nashville-Brentwood ("HWS Brentwood") hotel property in Brentwood, TN for $15.0 million and recognized a gain on sale of the hotel property of $5.6 million.

On December 16, 2024, the Company sold the Homewood Suites by Hilton Minneapolis-Mall of America ("HWS Bloomington") hotel property in Bloomington, MN for $13.8 million and recognized a loss on sale of the hotel property of $0.8 million.

On December 6, 2024, the Company sold the Homewood Suites by Hilton Orlando-Maitland ("HWS Maitland") hotel property in Maitland, FL for $15.5 million and recognized a gain on sale of the hotel property of $6.7 million.

On January 9, 2024, the Company sold the Hilton Garden Inn Denver Tech Center ("HGI Denver Tech") hotel property in Denver, CO for $18.0 million and recognized a loss on sale of the hotel property of $0.2 million.

The sales did not represent a strategic shift that had or will have a major effect on the Company's operations and financial results and did not qualify to be reported as discontinued operations.

Note 1 - Organization (Details Textual)	12 Months Ended
Note 1 - Organization (Details Textual)	Dec. 31, 2025
Number of States in which Entity Operates	15
Asset Management Arrangement [Member]
Number of Real Estate Properties	33
Number of Units in Real Estate Property	5,021
Operating Partnership [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	100.00%
Island Hospitality Management, LLC (“IHM”) [Member]
Ownership Percentage	100.00%

Note 13 - Commitments and Contingencies - Schedule of Franchise Agreements (Details) - Franchise Agreements [Member]	12 Months Ended
	Dec. 31, 2025
Homewood Suites by Hilton Hartford-Farmington [Member]
Franchise/Royalty fee	4.00%
Marketing/Program fee	4.00%
Residence Inn, Long Island Holtsville [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
Residence Inn, White Plains [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Residence Inn, New Rochelle [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Residence Inn, Garden Grove [Member]
Franchise/Royalty fee	5.00%
Marketing/Program fee	2.50%
Homewood Suites by Hilton, San Antonio River Walk [Member]
Franchise/Royalty fee	4.00%
Marketing/Program fee	3.50%
Residence Inn, Washington DC [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Residence Inn, Tysons Corner [Member]
Franchise/Royalty fee	5.00%
Marketing/Program fee	2.50%
Hampton Inn, Portland Downtown [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	4.00%
Hyatt Place, Pittsburgh North Shore [Member]
Franchise/Royalty fee	5.00%
Marketing/Program fee	3.50%
Hampton Inn, Exeter [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	4.00%
Residence Inn, Bellevue [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
SpringHill Suites, Savannah [Member]
Franchise/Royalty fee	5.00%
Marketing/Program fee	2.50%
Residence Inn, Silicon Valley I [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Residence Inn, Silicon Valley II [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Residence Inn, San Mateo [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Residence Inn, Mountain View [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.50%
Hyatt Place, Cherry Creek [Member]
Franchise/Royalty fee	5.00%
Marketing/Program fee	3.50%
Courtyard, Addison [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.00%
Residence Inn, San Diego Gaslamp [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
Hilton Garden Inn, Marina del Rey [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	4.30%
Residence Inn, Dedham [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
Residence Inn Il Lugano [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
Hilton Garden Inn, Portsmouth [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	4.00%
Courtyard, Summerville [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
Embassy Suites, Springfield [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	4.00%
Residence Inn, Summerville [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
Courtyard, Dallas [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.00%
Residence Inn, Austin Northwest/The Domain Area [Member]
Franchise/Royalty fee	6.00%
Marketing/Program fee	2.50%
TownePlace Suites, Austin Northwest/The Domain Area [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	2.00%
Home2 Suites, Woodland Hills [Member]
Franchise/Royalty fee	5.00%
Marketing/Program fee	3.00%
Hilton Garden Inn, Destin Miramar Beach [Member]
Franchise/Royalty fee	5.50%
Marketing/Program fee	4.00%
Home2 Suites, Phoenix Downtown [Member]
Franchise/Royalty fee	4.00%
Marketing/Program fee	3.50%

Note 7 - Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Text Block]

7.	Income Taxes

The Company recorded no income tax expense during the years ended December 31, 2025, 2024, and 2023.

The difference between income tax expense and the amount computed by applying the statutory federal income tax rate to the combined income of the Company before taxes were as follows (dollars in thousands):

	*For the year ended*
	*December 31, 2025*
Book income before income taxes	$	15,313
REIT income not subject to income taxes		(15,152	)
Book income before income taxes of the TRS	$	161

Statutory rate of 21%		34		21	%
Effect of state and local income taxes, net of federal tax benefit (a)		10		6	%
Permanent adjustments		24		15	%
Change in valuation allowance		(55	)	-35	%
Valuation allowance release		—		—	%
Other		(13	)	-8	%
Total income tax (benefit) expense	$	—		—	%

(a) State taxes in California made up the majority (greater than 50 percent) of the tax effect in this category.

	For the year ended
	December 31,
	2024			2023
Book income (loss) before income taxes of the TRS	$	2,905		$	(7,309	)

Statutory rate of 21%	$	610		$	(1,535	)
Effect of state and local income taxes, net of federal tax benefit		—			(245	)
Permanent adjustments		21			13
Change in valuation allowance		(1,051	)		1,579
Valuation allowance release		—			—
Other		420			188
Total income tax (benefit) expense	$	—		$	—

Effective tax rate		—	%		—	%

At December 31, 2025 and 2024, the Company had valuation allowances against certain deferred tax assets totaling $19.4 million and $19.3 million, respectively. The increase in the valuation allowance was primarily from the net operating income during the year. The tax effect of each type of temporary difference and carry forward that gives rise to the deferred tax asset as of December 31, 2025 and 2024 are as follows (in thousands):

	*For the year ended*
	*December 31,*
	*2025*			*2024*
Gross deferred tax assets:
Allowance for doubtful accounts	$	101		$	74
Accrued compensation		430			375
Net operating loss		18,873			18,893
Gross deferred tax assets	$	19,404		$	19,342
Less: Valuation Allowance	$	(19,404	)	$	(19,342	)
Total deferred tax assets net of valuation allowance	$	—		$	—
Gross deferred tax liabilities:
Total book/tax difference in partnership	$	—		$	—
Gross deferred tax liabilities:	$	—		$	—
Net, deferred tax assets:	$	—		$	—

As of each reporting date, the Company's management considers new evidence, both positive and negative, that could impact management's view with regard to future realization of net deferred tax assets. The Company's TRS continues to have cumulative three-year taxable losses. As of December 31, 2025, the TRS continues to recognize a full valuation allowance equal to 100% of the net deferred tax assets. Management will continue to monitor the need for a valuation allowance.

The TRS has income tax NOL carryforwards for Federal and various states of approximately $73.4 million and $65.0 million, respectively. The loss carryforwards begin to expire starting in 2038 for Federal tax purposes and in 2031 and thereafter for state tax purposes.

The entire disclosure for income tax.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
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-Paragraph 231
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-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-SubTopic 10
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
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-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

Note 12 - Leases

12 Months Ended

Dec. 31, 2025

Lessee, Operating and Finance Leases [Text Block]

12.

Leases

The Company is the lessee under ground, air rights, garage and office lease agreements for certain of its properties. The Company's leases are classified as operating or finance leases. The Company recognizes a ROU asset and lease liability at the estimated present value of the minimum lease payments over the lease term. The leases typically provide multi-year renewal options to extend term as lessee at the Company's option. Option periods are included in the calculation of the lease obligation liability only when options are reasonably certain to be exercised.

In calculating the Company's lease obligations under the various leases, the Company uses discount rates estimated to be equal to what the Company would have to pay to borrow on a collateralized basis over a similar term, for an amount equal to the lease payments, in a similar economic environment. Lease obligations are based on contractually required cash payments while lease expense is recognized on a straight-line basis for its operating leases and as interest expense on the lease liability for its finance lease.

Operating Leases

The Residence Inn San Diego Gaslamp hotel property is subject to a ground lease with an expiration of January 31, 2065 with an extension option by the Company of up to three additional terms of ten years each. Monthly payments are currently $49 thousand per month and increase 10% every 5 years. The hotel is subject to supplemental rent payments annually calculated as 5% of gross revenues during the applicable lease year, minus 12 times the monthly base rent scheduled for the lease year.

The Residence Inn New Rochelle hotel is subject to an air rights lease and garage lease that each expires on December 1, 2104. The lease agreements with the City of New Rochelle cover the space above the parking garage that is occupied by the hotel as well as 128 parking spaces in a parking garage that is attached to the hotel. The annual base rent for the garage lease is the hotel’s proportionate share of the city’s adopted budget for the operations, management and maintenance of the garage and established reserves to fund the cost of capital repairs. Aggregate rent for 2025 under these leases amounted to $31 thousand per quarter.

The Hilton Garden Inn Marina del Rey hotel is subject to a ground lease with an expiration of December 31, 2067. Minimum monthly payments are currently $47 thousand per month and a percentage rent payment less the minimum rent is due in arrears equal to 5% to 25% of gross income based on the type of income.

The Company entered into a corporate office lease in September 2015. The lease is for a term of 11 years and includes a 12-month rent abatement period and certain tenant improvement allowances. The Company has a renewal option of up to two successive terms of 5 years each. On June 1, 2023, the Company executed an amendment to the corporate office lease to vacate and surrender possession of 7,374 rentable square feet in exchange for an early termination payment of $0.1 million. The partial termination of this lease required the Company to apply ASC 842 and remeasure the right of use asset and lease liability and recognize those adjustments in the consolidated statements of operations. During the year ended December 31, 2023, the Company recognized a gain from partial lease termination of approximately $0.2 million as a result of this partial termination. The Company shares the space with a related party and is reimbursed for the pro-rata share of rentable space occupied by the related party.

The Company entered into a new 10-year corporate office lease in May 2024, which was subsequently amended in September 2024, that will commence when the Company takes possession of the space for leasehold improvements, on or before September 1, 2026. Annual base rent will range from $0.6 million to $0.7 million over the term of the lease. The new office space will be shared with a related party and the Company will be reimbursed for the pro-rata share of rentable space that will be occupied by the related party.

For the year ended December 31, 2025, the Company made $1.3 million of fixed lease payments and $0.7 million of variable lease payments related to hotel ground leases, which are included in property taxes, ground rent and insurance in our consolidated statements of operations. For the year ended December 31, 2025, the Company made $0.7 million of fixed lease payments related to its corporate office lease, which are included in general and administrative expense in our consolidated statements of operations.

Finance Leases

The Home2 Phoenix hotel property is subject to a Government Property Lease Excise Tax ("GPLET") agreement with the City of Phoenix. As part of the agreement, title of the hotel property was conveyed to the City of Phoenix and leased back to the Company for a term of 8 years with fixed annual rent payments ranging from $26 thousand to $81 thousand. Title of the hotel property will be re-conveyed to the Company at no cost at the expiration of the 8-year lease term. The GPLET agreement can be terminated by the Company at any time for a fee of $0.1 million and title of the hotel property would be re-conveyed back to the Company.

The Home2 Phoenix ROU assets are recorded as finance lease assets within Investment in hotel properties, net and the lease liability is recorded within Lease liability in the Company’s consolidated balance sheet. Expenses related to the finance lease are included in depreciation and amortization and interest expense, in the Company’s consolidated statements of operations.

The following tables include information regarding the ROU assets and lease liabilities of the Company as of December 31, 2025 and 2024 (in thousands):

		*ROU Asset*		*ROU Asset*
	*Balance Sheet Classification*	*as of December 31, 2025*		*as of December 31, 2024*
Finance lease assets, net	Investment in hotel properties, net	$	40,943	$	42,750
Operating lease assets, net	Right of use asset, net		16,912		17,547
Total ROU asset, net		$	57,855	$	60,297

		*Lease Liability*		*Lease Liability*
	*Balance Sheet Classification*	*as of December 31, 2025*		*as of December 31, 2024*
Finance lease liability	Lease liability	$	283	$	285
Operating lease liability	Lease liability		19,784		20,349
Total lease liability		$	20,067	$	20,634

Lease Term and Discount Rate	*December 31, 2025*

Weighted-average remaining lease term (years)		41.84
Weighted-average discount rate		6.84	%

The following table includes information regarding the Company's total minimum lease payments for which it is the lessee, as of December 31, 2025, for each of the next five calendar years and thereafter (in thousands):

Total Future Lease Payments	*Amount*
2026	$	1,768
2027		1,313
2028		1,338
2029		1,338
2030		1,407
Thereafter		59,765
Total lease payments	$	66,929
Less: Imputed interest		(46,862	)
Present value of lease liabilities	$	20,067

Note 14 - Related Party Transactions

12 Months Ended

Dec. 31, 2025

14.

Related Party Transactions

As of December 31, 2025, Mr. Fisher owns 100% of IHM. As of December 31, 2025, the Company had hotel management agreements with IHM to manage all 33 of its hotels. Hotel management, revenue management and accounting fees accrued or paid to IHM for the hotels owned by the Company for the years ended December 31, 2025, 2024 and 2023 were $9.9 million, $10.7 million and $10.6 million, respectively. At December 31, 2025 and 2024, the amounts due to IHM were $0.2 million and $0.5 million, respectively. Incentive management fees paid to IHM by the Company for the years ended December 31, 2025, 2024 and 2023 were $0.1 million, $0.2 million and $0.2 million, respectively.

Cost reimbursements from related parties revenue represent reimbursements of costs incurred on behalf of IHM. These costs relate primarily to office expenses shared with IHM. Various shared office expenses and rent are paid by the Company and allocated to IHM based on the amount of square footage occupied by each entity. As the Company records cost reimbursements based upon costs incurred with no added markup, the revenue and related expense has no impact on the Company’s operating income or net income. Cost reimbursements are recorded based upon the occurrence of a reimbursed activity.

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

The 2020 Time-based, Long-term Incentive Plan Units [Member]

Note 5 - Investment in Hotel Properties - Schedule of Real Estate Properties (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Land and improvements	$ 268,546	$ 280,415
Building and improvements	1,174,132	1,232,438
Furniture, fixtures and equipment	87,528	107,947
Finance lease assets	43,840	43,760
Renovations in progress	11,718	17,232
Real Estate Investment Property, at Cost	1,585,764	1,681,792
Less accumulated depreciation and amortization	(478,874)	(484,274)
Investment in hotel properties, net	$ 1,106,890	$ 1,197,518

Note 11 - Equity Incentive Plan - Schedule of Long-term Incentive Plan Valuation Assumptions (Details)

12 Months Ended

Dec. 31, 2025

$ / shares

Mar. 01, 2020

Estimated value per unit (in dollars per share) | $ / shares

130,206

$ 13.05

20.00%

0.00%

The 2020 Performance-based, Long-term Incentive Plan Units [Member]

1.06%

Mar. 01, 2020

^[1]

Estimated value per unit (in dollars per share) | $ / shares

195,301

^[1]

$ 13.66

^[1]

20.00%

^[1]

8.10%

^[1]

The 2021 Time-based, Long-term Incentive Plan Units [Member]

0.90%

^[1]

Mar. 01, 2021

Estimated value per unit (in dollars per share) | $ / shares

132,381

$ 12.52

78.00%

0.00%

The 2021 Performance-based, Long-term Incentive Plan Units [Member]

0.08%

Mar. 01, 2021

^[2]

Estimated value per unit (in dollars per share) | $ / shares

198,564

^[2]

$ 15.91

^[2]

64.00%

^[2]

3.40%

^[2]

The 2022 Time-based, Long-term Incentive Plan Units [Member]

0.30%

^[2]

Mar. 01, 2022

Estimated value per unit (in dollars per share) | $ / shares

152,004

$ 12.33

80.00%

0.00%

The 2022 Performance-based, Long-term Incentive Plan Units [Member]

1.01%

Mar. 01, 2022

^[3]

Estimated value per unit (in dollars per share) | $ / shares

228,000

^[3]

$ 18.58

^[3]

66.00%

^[3]

3.50%

^[3]

The 2023 Time-based, Long-term Incentive Plan Units [Member]

1.44%

^[3]

Mar. 01, 2023

Estimated value per unit (in dollars per share) | $ / shares

171,171

$ 11.11

37.00%

0.00%

The 2023 Performance-based, Long-term Incentive Plan Units [Member]

5.11%

Mar. 01, 2023

Estimated value per unit (in dollars per share) | $ / shares

256,757

$ 16.64

69.00%

3.50%

The 2024 Time-based, Long-term Incentive Plan Units [Member]

4.61%

Mar. 01, 2024

Estimated value per unit (in dollars per share) | $ / shares

204,909

$ 9.33

35.00%

0.00%

The 2024 Performance-based, Long-term Incentive Plan Units [Member]

4.92%

Mar. 01, 2024

Estimated value per unit (in dollars per share) | $ / shares

307,355

$ 12.42

35.00%

2.60%

The 2025 Time-based, Long-term Incentive Plan Units [Member]

4.32%

Mar. 01, 2025

Estimated value per unit (in dollars per share) | $ / shares

253,722

$ 7.44

29.00%

0.00%

The 2025 Performance-based, Long-term Incentive Plan Units [Member]

4.14%

Mar. 01, 2025

Estimated value per unit (in dollars per share) | $ / shares

380,571

$ 9.37

33.00%

3.00%

4.04%

[1]	In February 2023, following the end of the measurement period, the Company’s TSR met certain criteria and based on the Company’s TSR over the measurement period, 234,361 LTIP units vested.
[2]	In February 2024, following the end of the measurement period, the Company’s TSR met certain criteria and based on the Company’s TSR over the measurement period, 170,173 LTIP units vested.
[3]	In February 2025, following the end of the measurement period, the Company’s TSR met certain criteria and based on the Company’s TSR over the measurement period, 142,905 LTIP units vested.

Note 11 - Equity Incentive Plan - Schedule of Long-Term Incentive Plan Awards (Details) - Long-term Incentive Plan Units [Member] - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Non-vested, balance (in shares)	1,139,564	999,955	905,525
Non-vested, weighted average fair value (in dollars per share)	$ 13.88	$ 15.37	$ 15.03
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	634,293	512,264	466,988
Granted, weighted average fair value (in dollars per share)	$ 8.6	$ 11.18	$ 14.36
Vested (in shares)	(315,563)	(322,025)	(372,558)
Vested, weighted average fair value (in dollars per share)	$ 14.31	$ 14.03	$ 13.27
Forfeited (in shares)	(80,731)	(50,630)	0
Forfeited, weighted average (in dollars per share)	$ 18.58	$ 15.02	$ 0
Non-vested, balance (in shares)	1,377,563	1,139,564	999,955
Non-vested, weighted average fair value (in dollars per share)	$ 11.08	$ 13.88	$ 15.37

Note 12 - Leases - Schedule of Lease Term and Discount Rate (Details)	12 Months Ended
	Dec. 31, 2025
Weighted-average remaining lease term (years) (Year)	41 years 10 months 2 days
Weighted-average discount rate	6.84%

Note 9 - Shareholders' Equity (Details Textual) $ / shares in Units, $ in Thousands		12 Months Ended
	Jun. 30, 2021 USD ($) $ / shares shares	Dec. 31, 2025 USD ($) $ / shares shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($)	Jun. 30, 2026 $ / shares	May 31, 2025 USD ($)	Dec. 31, 2017 USD ($)
Common Stock, Shares Authorized (in shares)		500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.01	$ 0.01
Common Stock, Shares, Outstanding (in shares)		47,708,587	48,912,293
Proceeds from Issuance of Common Stock \| $		$ 54	$ 53	$ 61
Stock Repurchased During Period, Value \| $		$ 8,971
Preferred Stock, Shares Authorized (in shares)		100,000,000	100,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares		$ 0.01	$ 0.01
Preferred Stock, Shares Issued (in shares)		4,800,000	4,800,000
Preferred Stock, Shares Outstanding (in shares)		4,800,000	4,800,000
Long-term Incentive Plan Units [Member] \| Unit Distribution [Member]
Stock Issued During Period, Shares, Conversion of Units (in shares)		33,396
Capital Units, Outstanding (in shares)		2,191,510
Series A Redeemable Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares)	4,800,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) \| $ / shares	$ 0.01
Preferred Stock, Dividend Rate, Percentage	6.625%
Proceeds from Issuance of Preferred Stock and Preference Stock \| $	$ 115,900
Preferred Stock, Liquidation Preference Per Share (in dollars per share) \| $ / shares	$ 25
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) \| $ / shares	1.65624
Preferred Stock, Convertible, Conversion Ratio		3.701
Preferred Stock, Shares Issued (in shares)		4,800,000
Payments of Dividends \| $		$ 8,000
Preferred Stock, Shares Outstanding (in shares)		4,800,000
Series A Redeemable Preferred Stock [Member] \| Forecast [Member]
Preferred Stock, Liquidation Preference Per Share (in dollars per share) \| $ / shares					$ 25
Series A Redeemable Preferred Stock [Member] \| Scenario, Change of Control [Member]
Preferred Stock, Liquidation Preference Per Share (in dollars per share) \| $ / shares	$ 25
Share Repurchase Program Authorized May 2025 [Member]
Share Repurchase Program, Authorized, Amount \| $						$ 25,000
Stock Repurchased During Period, Shares (in shares)		1,313,795
Shares Acquired, Average Cost Per Share (in dollars per share) \| $ / shares		$ 6.83
Stock Repurchased During Period, Value \| $		$ 9,000
Share Repurchase Program, Remaining Authorized, Amount \| $		16,000
ATM Equity Offering Program [Member]
Equity Offering, Maximum Offering Amount \| $		$ 100,000
Stock Issued During Period, Shares, New Issues (in shares)		0
Equity Offering, Amount Available \| $		$ 77,500
Dividend Reinvestment and Stock Purchase Plan (DRSPP) [Member]
Equity Offering, Maximum Offering Amount \| $							$ 50,000
Stock Issued During Period, Shares, New Issues (in shares)		7,630
Stock Issued During Period, Weighted Average Price Per Share (in dollars per share) \| $ / shares		$ 7.1
Proceeds from Issuance of Common Stock \| $		$ 54
Equity Offering, Amount Available \| $		$ 49,900

Note 13 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Management Agreements [Table Text Block]

							*Monthly*
		*Base*			*Monthly*		*Revenue*		*Incentive*
	*Management*	*Management*			*Accounting*		*Management*		*Management*
Property	*Company*	*Fee*			*Fee*		*Fee*		*Fee Cap*
Homewood Suites by Hilton Hartford-Farmington	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Long Island Holtsville	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn White Plains	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn New Rochelle	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Garden Grove	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Homewood Suites by Hilton San Antonio River Walk	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Washington DC	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Tysons Corner	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Hampton Inn Portland Downtown	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Hyatt Place Pittsburgh North Shore	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hampton Inn Exeter	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Bellevue	IHM		3.0	%	$	1,500	$	1,000		1.0	%
SpringHill Suites Savannah	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Silicon Valley I	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Silicon Valley II	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn San Mateo	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Mountain View	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Hyatt Place Cherry Creek	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Courtyard Addison	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn San Diego Gaslamp	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hilton Garden Inn Marina del Rey	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Dedham	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Il Lugano	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hilton Garden Inn Portsmouth	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Courtyard Summerville	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Embassy Suites Springfield	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Summerville	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Courtyard Dallas	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Austin Northwest/The Domain Area	IHM		3.0	%	$	1,500	$	1,000		1.0	%
TownePlace Suites Austin Northwest/The Domain Area	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Home2 Suites Woodland Hills	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hilton Garden Inn Destin Miramar Beach	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Home2 Suites Phoenix Downtown	IHM		3.0	%	$	1,500	$	1,000		1.0	%

Schedule of Franchise Agreements [Table Text Block]

	*Franchise/*			*Marketing/*
Property	*Royalty Fee*			*Program Fee*			*Expiration*
Homewood Suites by Hilton Hartford-Farmington		4.0	%		4.0	%		2039
Residence Inn Long Island Holtsville		6.0	%		2.5	%		2026
Residence Inn White Plains		5.5	%		2.5	%		2030
Residence Inn New Rochelle		5.5	%		2.5	%		2030
Residence Inn Garden Grove		5.0	%		2.5	%		2031
Homewood Suites by Hilton San Antonio River Walk		4.0	%		3.5	%		2041
Residence Inn Washington DC		5.5	%		2.5	%		2033
Residence Inn Tysons Corner		5.0	%		2.5	%		2031
Hampton Inn Portland Downtown		6.0	%		4.0	%		2032
Hyatt Place Pittsburgh North Shore		5.0	%		3.5	%		2030
Hampton Inn Exeter		6.0	%		4.0	%		2031
Residence Inn Bellevue		5.5	%		2.5	%		2033
SpringHill Suites Savannah		5.0	%		2.5	%		2033
Residence Inn Silicon Valley I		5.5	%		2.5	%		2029
Residence Inn Silicon Valley II		5.5	%		2.5	%		2029
Residence Inn San Mateo		5.5	%		2.5	%		2029
Residence Inn Mountain View		5.5	%		2.5	%		2029
Hyatt Place Cherry Creek		5.0	%		3.5	%		2034
Courtyard Addison		5.5	%		2.0	%		2029
Residence Inn San Diego Gaslamp		6.0	%		2.5	%		2035
Hilton Garden Inn Marina del Rey		5.5	%		4.3	%		2030
Residence Inn Dedham		6.0	%		2.5	%		2030
Residence Inn Il Lugano		6.0	%		2.5	%		2045
Hilton Garden Inn Portsmouth		5.5	%		4.0	%		2037
Courtyard Summerville		6.0	%		2.5	%		2037
Embassy Suites Springfield		5.5	%		4.0	%		2037
Residence Inn Summerville		6.0	%		2.5	%		2038
Courtyard Dallas		6.0	%		2.0	%		2038
Residence Inn Austin Northwest/The Domain Area		6.0	%		2.5	%		2036
TownePlace Suites Austin Northwest/The Domain Area		5.5	%		2.0	%		2041
Home2 Suites Woodland Hills		5.0	%		3.0	%		2040
Hilton Garden Inn Destin Miramar Beach		5.5	%		4.0	%		2042
Home2 Suites Phoenix Downtown		4.0	%		3.5	%		2044

Note 11 - Equity Incentive Plan - Schedule of Relative TSR Performance (Details)	12 Months Ended
	Dec. 31, 2025
Relative TSR hurdles (percentile)	55.00%
Payout percentage	100.00%
Minimum [Member]
Relative TSR hurdles (percentile)	25.00%
Payout percentage	50.00%
Maximum [Member]
Relative TSR hurdles (percentile)	80.00%
Payout percentage	200.00%

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets [Abstract]
Real Estate Investment Property, Net	$ 1,106,890	$ 1,197,518
Cash and cash equivalents	24,435	20,195
Restricted cash	8,203	9,649
Right of use asset, net	16,912	17,547
Hotel receivables (net of allowance for doubtful accounts of $261 and $300, respectively)	2,831	2,921
Deferred costs, net	7,384	4,038
Prepaid expenses and other assets	3,726	2,813
Total assets	1,170,381	1,254,681
Liabilities and Equity:
Mortgage debt, net	141,475	157,211
Revolving credit facility	0	110,000
Unsecured term loan, net	197,438	139,638
Accounts payable and accrued expenses (including $234 and $490 due to related parties, respectively)	26,648	29,621
Operating and Finance Lease, Liabilities	20,067	20,634
Distributions payable	6,704	5,580
Total liabilities	392,332	462,684
Commitments and contingencies (see note 13)
Equity:
Preferred shares, $0.01 par value, 100,000,000 shares authorized; 4,800,000 and 4,800,000 shares issued and outstanding at December 31, 2025 and 2024, respectively	48	48
Common shares, $0.01 par value, 500,000,000 shares authorized; 47,708,587 and 48,912,293 shares issued and outstanding at December 31, 2025 and 2024, respectively	477	489
Additional paid-in capital	1,039,804	1,046,812
Accumulated deficit	(299,527)	(289,130)
Total shareholders’ equity	740,802	758,219
Noncontrolling Interests:
Noncontrolling interest in operating partnership	37,247	33,778
Total equity	778,049	791,997
Total liabilities and equity	$ 1,170,381	$ 1,254,681

Schedule III - Real Estate and Accumulated Depreciation

12 Months Ended

Dec. 31, 2025

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]

CHATHAM LODGING TRUST

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2025

(in thousands)

				*Initial Cost*								*Gross Amount at End of Year*
										*Cost Cap. Sub.*
	*Year of*					*Buildings &*		*Cost Cap. Sub.*		*To Acq. Bldg &*				*Buildings &*				*Buildings &*		*Accumulated*		*Year of Original*		*Depreciation*
Description	*Acquisition*	*Encumbrances*		*Land*		*Improvements*		*To Acq. Land*		*Improvements*		*Land*		*Improvements*		*Total*		*Improvements*		*Depreciation*		*Construction*		*Life*

Homewood Suites Hartford - Farmington, CT	2010		—		1,325		9,375		92		4,435		1,417		13,810		15,227		13,810		6,076		1999		(1)
Residence Inn Holtsville - Holtsville, NY	2010		—		2,200		18,765		27		2,875		2,227		21,640		23,867		21,640		8,210		2004		(1)
Residence Inn White Plains - White Plains, NY	2010		—		2,200		17,677		—		13,266		2,200		30,943		33,143		30,943		13,393		1982		(1)
Residence Inn New Rochelle - New Rochelle, NY	2010		—		—		20,281		9		6,351		9		26,632		26,641		26,632		10,726		2000		(1)
Residence Inn Garden Grove - Garden Grove, CA	2011		—		7,109		35,484		57		5,123		7,166		40,607		47,773		40,607		15,271		2003		(1)
Homewood Suites San Antonio - San Antonio, TX	2011		—		5,999		24,764		10		10,602		6,009		35,366		41,375		35,366		13,410		1996		(1)
Residence Inn Washington DC - Washington, DC	2011		—		6,083		22,063		16		9,975		6,099		32,038		38,137		32,038		13,183		1974		(1)
Residence Inn Tyson's Corner - Vienna, VA	2011		—		5,752		28,917		6		3,033		5,758		31,950		37,708		31,950		12,047		2001		(1)
Hampton Inn Portland Downtown - Portland, ME	2012		—		4,315		22,664		5		1,587		4,320		24,251		28,571		24,251		7,916		2011		(1)
Hyatt Place Pittsburgh - Pittsburgh, PA	2013		23,300		3,000		35,576		15		1,969		3,015		37,545		40,560		37,545		12,108		2011		(1)
Hampton Inn & Suites Exeter - Exeter, NH	2013		15,000		1,900		12,350		4		1,567		1,904		13,917		15,821		13,917		4,288		2010		(1)
Residence Inn Bellevue - Bellevue, WA	2013		—		13,800		56,957		—		6,667		13,800		63,624		77,424		63,624		18,955		2008		(1)
SpringHill Suites Savannah - Savannah, GA	2013		22,000		2,400		36,050		1		3,767		2,401		39,817		42,218		39,817		12,077		2009		(1)
Residence Inn Silicon Valley I - Sunnyvale, CA	2014		—		42,652		45,846		72		6,773		42,724		52,619		95,343		52,619		38,559		1983		(1)
Residence Inn Silicon Valley II - Sunnyvale, CA	2014		—		46,474		50,380		56		8,032		46,530		58,412		104,942		58,412		42,477		1985		(1)
Residence Inn San Mateo - San Mateo, CA	2014		—		38,420		31,352		123		5,769		38,543		37,121		75,664		37,121		26,813		1985		(1)
Residence Inn Mt. View - Mountain View, CA	2014		—		22,019		31,813		29		10,832		22,048		42,645		64,693		42,645		30,680		1985		(1)
Hyatt Place Cherry Creek - Cherry Creek, CO	2014		—		3,700		26,300		—		4,749		3,700		31,049		34,749		31,049		8,962		1987		(1)
Courtyard Addison - Dallas, TX	2014		—		2,413		21,554		42		4,813		2,455		26,367		28,822		26,367		7,925		2000		(1)
Residence Inn Gaslamp - San Diego, CA	2015		—		—		89,040		10		2,199		10		91,239		91,249		91,239		25,474		2009		(1)
Hilton Garden Inn - Marina del Rey, CA	2015		—		—		43,210		5		3,318		5		46,528		46,533		46,528		12,015		2013		(1)
Residence Inn - Dedham, MA	2015		—		4,230		17,304		—		3,245		4,230		20,549		24,779		20,549		5,677		1998		(1)
Residence Inn - Ft. Lauderdale, FL	2015		—		9,200		24,048		14		2,907		9,214		26,955		36,169		26,955		7,443		2008		(1)
Home2 Suites - Woodland Hills, CA	2017		—		6,500		—		128		56,732		6,628		56,732		63,360		56,732		17,280		2022		(1)
Hilton Garden Inn - Portsmouth, NH	2017		—		3,600		37,630		—		5,278		3,600		42,908		46,508		42,908		8,266		2006		(1)
Courtyard - Summerville, SC	2017		9,000		2,500		16,923		7		1,211		2,507		18,134		20,641		18,134		3,749		2014		(1)
Embassy Suites - Springfield, VA	2017		—		7,700		58,807		—		2,665		7,700		61,472		69,172		61,472		12,345		2013		(1)

- continued -

				*Initial Cost*								*Gross Amount at End of Year*
										*Cost Cap. Sub.*
	*Year of*					*Buildings &*		*Cost Cap. Sub.*		*To Acq. Bldg &*				*Buildings &*				*Buildings &*		*Accumulated*		*Year of Original*		*Depreciation*
Description	*Acquisition*	*Encumbrances*		*Land*		*Improvements*		*To Acq. Land*		*Improvements*		*Land*		*Improvements*		*Total*		*Improvements*		*Depreciation*		*Construction*		*Life*
Residence Inn - Summerville, SC	2018		9,500		2,300		17,060		11		344		2,311		17,404		19,715		17,404		3,276		2018		(1)
Courtyard Dallas Downtown - Dallas, TX	2018		24,500		2,900		42,760		—		267		2,900		43,027		45,927		43,027		7,616		2018		(1)
Silicon Valley III - Sunnyvale, CA	2018		—		8,171		—		—		—		8,171		—		8,171		—		—
Residence Inn Austin Northwest/The Domain Area - Austin, TX	2021		20,850		2,400		33,346		—		349		2,400		33,695		36,095		33,695		3,747		2016		(1)
TownePlace Suites Austin Northwest/The Domain Area - Austin, TX	2021		19,075		2,300		29,347		5		139		2,305		29,486		31,791		29,486		3,253		2021		(1)
Hilton Garden Inn Destin - Miramar Beach, FL	2022		—		4,222		25,246		18		193		4,240		25,439		29,679		25,439		2,457		2020		(1)

Grand Total(s)				$	267,784	$	982,889	$	762	$	191,032	$	268,546	$	1,173,921	$	1,442,467	$	1,173,921	$	415,674

(1) Depreciation is computed based upon the following estimated useful lives:

		Years
Building		40
Land improvements		20
Building improvements		5 - 20

- continued -

Notes:

(a) The change in total cost of real estate assets for the year ended is as follows:

	2025			2024			2023
Balance at the beginning of the year	$	1,512,612		$	1,564,433		$	1,556,453
Acquisitions		—			—			—
Dispositions		(87,014	)		(62,647	)		—
Impairment of depreciable assets		—			(4,256	)		(4,266	)
Improvements		16,869			15,082			12,246
Balance at the end of the year	$	1,442,467		$	1,512,612		$	1,564,433
Finance lease assets at the end of the year		39,518			40,240			—
Total investment in real estate	$	1,481,985		$	1,552,852		$	1,564,433

(b) The change in accumulated depreciation and amortization of real estate assets for the year ended is as follows:

	2025			2024			2023
Balance at the beginning of the year	$	401,532		$	376,323		$	328,832
Depreciation expense		42,095			46,588			47,491
Accumulated depreciation on dispositions		(27,953	)		(21,379	)		—
Accumulated depreciation at the end of the year	$	415,674		$	401,532		$	376,323
Accumulated amortization of finance leases at the end of the year		927			596			—
Total accumulated depreciation and amortization	$	416,601		$	402,128		$	376,323

(c) The aggregate cost of properties for federal income tax purposes (in thousands) is approximately $1,482,197 as of December 31, 2025.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted [Flag]	true

Note 15 - Segment Information (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Revenues	$ 295,075	$ 317,209	$ 311,109
Number of Reportable Segments	1
Related Party [Member] \| Consolidation, Eliminations [Member]
Revenues	$ 1,100	$ 1,100	$ 1,300

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).

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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Note 8 - Dividends Declared and Paid

12 Months Ended

Dec. 31, 2025

Dividends Declared Disclosure [Text Block]

8.	Dividends Declared and Paid

Common Dividends

The Company declared total common share dividends of $0.36 per share and distributions on LTIP units of $0.36 per unit during the year ended December 31, 2025. The Company declared total common share dividends of $0.28 per share and distributions on LTIP units of $0.28 per unit during the year ended December 31, 2024. The dividends and distributions and their tax characterization for the years ended December 31, 2025 and 2024 were as follows:

Common

LTIP

unit

Taxable

Unrecaptured

Record

Payment

distribution

Ordinary

Section 1250

Section 199A

Date

amount

Income

Gain

Dividends

March

3/31/2025

4/15/2025

0.09

0.08191

0.00809

0.08191

June

6/30/2025

7/15/2025

0.09

0.08191

0.00809

0.08191

September

9/30/2025

10/15/2025

0.09

0.08191

0.00809

0.08191

December

12/31/2025

1/15/2026

0.09

0.08191

0.00809

0.08191

Total 2025

0.36

0.32764

0.03236

0.32764

			Common		LTIP
			share		unit		Taxable
	Record	Payment	distribution		distribution		Ordinary		Return of		Section 199A
	Date	Date	amount		amount		Income		Capital		Dividends
March	3/28/2024	4/15/2024		0.07		0.07		0.05392		0.01608		0.05392
June	6/28/2024	7/15/2024		0.07		0.07		0.05392		0.01608		0.05392
September	9/30/2024	10/15/2024		0.07		0.07		0.05392		0.01608		0.05392
December	12/31/2024	1/15/2025		0.07		0.07		0.05392		0.01608		0.05392
*Total 2024*			$	0.28	$	0.28	$	0.21568	$	0.06432	$	0.21568

For the year ended December 31, 2025, 91.01% of the distributions paid to common shareholders were considered ordinary income and 8.99% of the distributions paid to common shareholders were considered an unrecaptured Section 1250 gain. For the year ended December 31, 2024, 77.03% of the distributions paid to common shareholders were considered ordinary income and 22.97% of the distributions paid to common shareholders were considered a return of capital.

Preferred Dividends

During the years ended December 31, 2025 and 2024, the Company declared total dividends of $1.65624 and $1.65624, respectively, per share of 6.625% Series A Cumulative Redeemable Preferred Shares. The preferred dividends and their tax characterization for the years ended December 31, 2025 and 2024 were as follows:

				Dividend Per		Taxable		Unrecaptured
	Record	Payment	Preferred		Ordinary		Section 1250		Section 199A
	Date	Date	Share		Income		Gain		Dividends
March	3/31/2025	4/15/2025	$	0.41406	$	0.37684	$	0.03722	$	0.37684
June	6/30/2025	7/15/2025		0.41406		0.37684	$	0.03722		0.37684
September	9/30/2025	10/15/2025		0.41406		0.37684	$	0.03722		0.37684
December	12/31/2025	1/15/2026		0.41406		0.37684	$	0.03722		0.37684
*Total 2025*			$	1.65624	$	1.50736	$	0.14888	$	1.50736

			Dividend Per		Taxable
	Record	Payment	Preferred		Ordinary		Return of		Section 199A
	Date	Date	Share		Income		Capital		Dividends
March	3/28/2024	4/15/2024	$	0.41406	$	0.41406	$	—	$	0.41406
June	6/28/2024	7/15/2024		0.41406		0.41406		—		0.41406
September	9/30/2024	10/15/2024		0.41406		0.41406		—		0.41406
December	12/31/2024	1/15/2025		0.41406		0.41406		—		0.41406
*Total 2024*			$	1.65624	$	1.65624	$	—	$	1.65624

For the year ended December 31, 2025, 91.01% of the distributions paid to preferred shareholders were considered ordinary income and 8.99% of the distributions paid to preferred shareholders were considered an unrecaptured Section 1250 gain.. For the year ended December 31, 2024, 100.0% of the distributions paid to preferred shareholders were considered ordinary income.

Note 12 - Leases (Tables)

12 Months Ended

Dec. 31, 2025

Lessee, Lease, Assets and Liabilities [Table Text Block]

		*ROU Asset*		*ROU Asset*
	*Balance Sheet Classification*	*as of December 31, 2025*		*as of December 31, 2024*
Finance lease assets, net	Investment in hotel properties, net	$	40,943	$	42,750
Operating lease assets, net	Right of use asset, net		16,912		17,547
Total ROU asset, net		$	57,855	$	60,297

		*Lease Liability*		*Lease Liability*
	*Balance Sheet Classification*	*as of December 31, 2025*		*as of December 31, 2024*
Finance lease liability	Lease liability	$	283	$	285
Operating lease liability	Lease liability		19,784		20,349
Total lease liability		$	20,067	$	20,634

Lease, Cost [Table Text Block]

Lease Term and Discount Rate	*December 31, 2025*

Weighted-average remaining lease term (years)		41.84
Weighted-average discount rate		6.84	%

Contractual Obligation, Fiscal Year Maturity [Table Text Block]

Total Future Lease Payments	*Amount*
2026	$	1,768
2027		1,313
2028		1,338
2029		1,338
2030		1,407
Thereafter		59,765
Total lease payments	$	66,929
Less: Imputed interest		(46,862	)
Present value of lease liabilities	$	20,067

Note 6 - Debt - Schedule of Debt (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

$ 208,826

343,225

$ 409,182

Unamortized mortgage debt issue costs

343,225

409,182

(4,312)

(2,332)

Total debt outstanding

$ 338,913

406,850

Unsecured Delayed-draw Term Loan [Member]

^[1]

5.47%

^[1]

Sep. 25, 2029

^[1]

$ 0

^[1]

200,000

140,000

First Mortgage Lien Secured by Hampton Inn & Suites, Houston Medical Center, TX [Member]

^[1]

$ 200,000

140,000

4.25%

Jan. 06, 2025

$ 0

15,957

First Mortgage Lien Secured by Courtyard by Marriott, Dallas, TX [Member]

$ 0

15,957

7.61%

Sep. 11, 2028

$ 38,403

24,500

First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member]

$ 24,500

24,500

^[2]

7.29%

^[2]

Jun. 11, 2029

^[2]

$ 28,825

^[2]

23,300

First Mortgage Lien Secured by Residence Inn by Marriott Austin, TX [Member]

^[2]

$ 23,300

23,300

7.42%

Sep. 06, 2033

$ 34,844

20,850

First Mortgage Lien Secured by TownePlace Suites by Marriott Austin, TX [Member]

$ 20,850

20,850

7.42%

Sep. 06, 2033

$ 28,889

19,075

First Mortgage Lien Secured by Courtyard by Marriott Summerville, SC [Member]

$ 19,075

19,075

7.33%

Sep. 11, 2033

$ 17,524

9,000

First Mortgage Lien Secured by Residence Inn by Marriott Summerville, SC [Member]

$ 9,000

9,000

7.33%

Sep. 11, 2033

$ 16,549

9,500

First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member]

$ 9,500

9,500

6.70%

Jun. 06, 2034

$ 31,854

22,000

First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member]

$ 22,000

22,000

^[3]

6.70%

^[3]

Jun. 11, 2034

^[3]

$ 11,938

^[3]

15,000

Revolving Credit Facility [Member]

^[3]

$ 15,000

15,000

^[4]

5.52%

^[4]

Sep. 25, 2029

^[4]

$ 0

^[4]

110,000

^[4]

$ 0

$ 110,000

[1]	The interest rate for the unsecured term loan is variable and based on one-month term SOFR plus a spread of 1.45% to 2.20% based on the Company's leverage and a credit spread adjustment of 0.10%.
[2]	On May 31, 2024, a subsidiary of Chatham entered into an agreement with Wells Fargo Bank to obtain a $23.3 million loan secured by the Hyatt Place Pittsburgh. The loan has a term of five years, carries a fixed interest rate of 7.29%, and is interest-only for its duration.
[3]	On June 6, 2024, two subsidiaries of Chatham entered into two agreements with Barclays Capital Real Estate and Wells Fargo Bank to obtain a $22.0 million loan secured by the SpringHill Suites Savannah and a $15.0 million loan secured by the Hampton Inn & Suites Exeter. Each loan has a term of ten years, carries a fixed interest rate of 6.70%, and is interest-only for its duration.
[4]	The interest rate for the revolving credit facility is variable and based on one-month term secured overnight financing rate ("SOFR") plus a spread of 1.50% to 2.25% based on the Company's leverage and a credit spread adjustment of 0.10%.

Note 6 - Debt (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Debt [Table Text Block]

					*December 31, 2025*
					*Property*		*Balance Outstanding as of*
	*Interest*				*Carrying*		*December 31,*			*December 31,*
Loan/Collateral	*Rate*			*Maturity Date*	*Value*		*2025*			*2024*
Revolving Credit Facility (1)		5.52	%	September 25, 2029	$	—	$	—		$	110,000
Unsecured Term Loan (2)		5.47	%	September 25, 2029		—		200,000			140,000
Hampton Inn & Suites Houston-Medical Center, TX		4.25	%	January 6, 2025		—		—			15,957
Courtyard by Marriott Dallas, TX		7.61	%	September 11, 2028		38,403		24,500			24,500
Hyatt Place Pittsburgh, PA (3)		7.29	%	June 11, 2029		28,825		23,300			23,300
Residence Inn by Marriott Austin, TX		7.42	%	September 6, 2033		34,844		20,850			20,850
TownePlace Suites by Marriott Austin, TX		7.42	%	September 6, 2033		28,889		19,075			19,075
Courtyard by Marriott Summerville, SC		7.33	%	September 11, 2033		17,524		9,000			9,000
Residence Inn by Marriott Summerville, SC		7.33	%	September 11, 2033		16,549		9,500			9,500
SpringHill Suites by Marriott Savannah, GA (4)		6.70	%	June 6, 2034		31,854		22,000			22,000
Hampton Inn & Suites Exeter, NH (4)		6.70	%	June 11, 2034		11,938		15,000			15,000
Total debt before unamortized debt issue costs					$	208,826	$	343,225		$	409,182
Unamortized term loan and mortgage debt issue costs								(4,312	)		(2,332	)
Total debt outstanding							$	338,913		$	406,850

Schedule of Maturities of Long-Term Debt [Table Text Block]

	*Amount*
2026	$	—
2027		—
2028		24,590
2029		223,681
2030		410
Thereafter		94,544
Total debt before unamortized debt issue costs	$	343,225
Unamortized mortgage debt issue costs		(4,312	)
Total debt outstanding	$	338,913

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Significant Accounting Policies [Text Block]

2.	Summary of Significant Accounting Policies

Basis of Presentation

Use of Estimates

Fair Value of Financial Instruments

Investment in Hotel Properties

Cash and Cash Equivalents

Restricted Cash

Hotel Receivables

Prepaid Expenses and Other Assets

The Company’s prepaid expenses and other assets consist of prepaid insurance, prepaid property taxes, deposits and hotel supplies inventory.

Deferred Costs

	*December 31, 2025*			*December 31, 2024*
Loan costs	$	10,465		$	6,323
Franchise fees		4,631			4,961
Other		1,445			334
		16,541			11,618
Less accumulated amortization		(9,157	)		(7,580	)
Deferred costs, net	$	7,384		$	4,038

Mortgage Debt, net

	*December 31, 2025*			*December 31, 2024*
Mortgage debt	$	143,225		$	159,182
Deferred financing costs		(1,750	)		(1,971	)
Mortgage debt, net	$	141,475		$	157,211

Unsecured Term Loan, net

	*December 31, 2025*			*December 31, 2024*
Unsecured term loan	$	200,000		$	140,000
Deferred financing costs		(2,562	)		(362	)
Unsecured term loan, net	$	197,438		$	139,638

Deferred financing loan costs are recorded at cost and amortized over the term of the loan applying the effective interest rate method. For the years ended December 31, 2025, 2024 and 2023, amortization expense related to unsecured term loan costs of $0.5 million, $0.4 million, and $0.2 million, respectively, is included in interest expense in the consolidated statements of operations.

Revenue Recognition

Other revenues such as for parking, cancellation fees, meeting space or telephone services are recognized at the point in time or over the time period that the associated good or service is provided.

Share-Based Compensation

Earnings Per Share

Income Taxes

Segment Information

Recently Adopted Accounting Standards

Recently Issued Accounting Standards

Note 10 - Earnings Per Share (Details Textual) - shares	12 Months Ended
Note 10 - Earnings Per Share (Details Textual) - shares	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0	414,635	157,641

Note 2 - Summary of Significant Accounting Policies - Schedule of Deferred Costs (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Loan costs	$ 10,465	$ 6,323
Franchise fees	4,631	4,961
Other	1,445	334
Deferred Costs, Gross	16,541	11,618
Less accumulated amortization	(9,157)	(7,580)
Deferred costs, net	$ 7,384	$ 4,038

Note 13 - Commitments and Contingencies (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Franchise Rights [Member] \| Minimum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Franchise Rights [Member] \| Maximum [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	30 years
Franchise and Marketing Expense [Member]
Operating Expenses	$ 23.6	$ 25.4	$ 24.9
Asset Management Arrangement [Member]
Management and Service, Term of Contract (Year)	5 years
Management and Service Fees, Incentive Rate	1.00%
Management Fee Expense	$ 9.9	10.7	10.6
Incentive Fee Expense	$ 0.1	$ 0.2	$ 0.2
Management and Service, Term of Contract, Number of Renewals	2
Management and Service, Renewal Term (Year)	5 years
Asset Management Arrangement [Member] \| Incentive Rate for Meeting or Exceeding Financial Thresholds [Member]
Management and Service Fees, Incentive Rate	10.00%

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue:
Reimbursable costs from related parties	$ 1,078	$ 1,105	$ 1,283
Total revenue	295,075	317,209	311,109
Expenses:
Depreciation and amortization	59,749	60,741	58,254
Impairment loss	0	4,256	4,266
Property taxes, ground rent and insurance	21,952	23,709	23,507
General and administrative	16,589	18,388	17,517
Other charges	27	327	2,300
Reimbursable costs from related parties	1,078	1,105	1,283
Total operating expenses	268,568	289,702	282,513
Operating income before gain on sale of hotel properties	26,507	27,507	28,596
Gain on sale of hotel properties	14,369	5,713	18
Operating income	40,876	33,220	28,614
Interest and other income	270	1,712	1,534
Interest expense, including amortization of deferred fees	(25,659)	(30,880)	(27,128)
Loss on early extinguishment of debt	(174)	(17)	(696)
Gain from partial lease termination	0	0	164
Income before income tax expense	15,313	4,035	2,488
Income tax expense	0	0	0
Net income	15,313	4,035	2,488
Net (income) loss attributable to non-controlling interest	(260)	131	156
Net income attributable to Chatham Lodging Trust	15,053	4,166	2,644
Preferred dividends	(7,950)	(7,950)	(7,950)
Net income (loss) attributable to common shareholders	$ 7,103	$ (3,784)	$ (5,306)
Income (loss) per common share - basic:
Net income (loss) attributable to common shareholders (Note 10) (in dollars per share)	$ 0.14	$ (0.08)	$ (0.11)
Income (loss) per common share - diluted:
Net income (loss) attributable to common shareholders (Note 10) (in dollars per share)	$ 0.14	$ (0.08)	$ (0.11)
Weighted average number of common shares outstanding:
Basic (in shares)	48,793,017	48,900,997	48,847,386
Diluted (in shares)	49,992,069	48,900,997	48,847,386
Dividends declared (in dollars per share)	$ 0.36	$ 0.28	$ 0.28
Occupancy [Member]
Revenue:
Revenue	$ 269,206	$ 290,290	$ 284,999
Food and Beverage [Member]
Revenue:
Revenue	6,894	7,737	8,124
Hotel, Other [Member]
Revenue:
Revenue	17,897	18,077	16,703
Hotel [Member]
Expenses:
Room	59,752	65,311	61,794
Food and beverage	5,517	6,218	6,352
Telephone	1,172	1,360	1,439
Other hotel operating	4,487	4,127	3,712
General and administrative	27,010	28,826	28,884
Franchise and marketing fees	23,620	25,355	24,897
Advertising and promotions	6,804	6,229	6,085
Utilities	12,372	13,161	13,007
Repairs and maintenance	15,272	16,516	15,837
Management fees paid to related parties	9,895	10,733	10,557
Insurance	3,272	3,340	2,822
Total hotel operating expenses	$ 169,173	$ 181,176	$ 175,386

Schedule III - Real Estate and Accumulated Depreciation - Schedule of Real Estate Useful Life (Details)	Dec. 31, 2025
Building [Member]
Real estate, useful life (Year)	40 years
Land Improvements [Member]
Real estate, useful life (Year)	20 years
Building Improvements [Member] \| Minimum [Member]
Real estate, useful life (Year)	5 years
Building Improvements [Member] \| Maximum [Member]
Real estate, useful life (Year)	20 years

Note 10 - Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Net income (loss) attributable to common shareholders	$ 7,103	$ (3,784)	$ (5,306)
Dividends paid on unvested shares and units	(197)	(127)	(110)
Net income (loss) attributable to common shareholders	$ 6,906	$ (3,911)	$ (5,416)
Weighted average number of common shares - basic (in shares)	48,793,017	48,900,997	48,847,386
Unvested shares and units (in shares)	1,199,052	0	0
Weighted average number of common shares - diluted (in shares)	49,992,069	48,900,997	48,847,386
Net income (loss) attributable to common shareholders per weighted average basic common share (in dollars per share)	$ 0.14	$ (0.08)	$ (0.11)
Net income (loss) attributable to common shareholders per weighted average diluted common share (in dollars per share)	$ 0.14	$ (0.08)	$ (0.11)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

Note 16 - Subsequent Events (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	12 Months Ended
	Feb. 28, 2026	Dec. 31, 2025
Stock Repurchased During Period, Value		$ 8,971
Share Repurchase Program Authorized May 2025 [Member]
Stock Repurchased During Period, Shares (in shares)		1,313,795
Shares Acquired, Average Cost Per Share (in dollars per share)		$ 6.83
Stock Repurchased During Period, Value		$ 9,000
Share Repurchase Program Authorized May 2025 [Member] \| Subsequent Event [Member]
Stock Repurchased During Period, Shares (in shares)	517,254
Shares Acquired, Average Cost Per Share (in dollars per share)	$ 6.99
Stock Repurchased During Period, Value	$ 3,600

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

Note 2 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Asset Impairment Charges	$ 0
Real Estate, Held-for-Sale	0	$ 0
Restricted Cash and Cash Equivalent	8,203	9,649
Accounts Receivable, Allowance for Credit Loss	261	300
Amortization of Deferred Charges	198	211	$ 214
Amortization of Debt Issuance Costs	$ 1,468	1,363	1,201
Domestic Tax Jurisdiction [Member]
Open Tax Year	2022 2023 2024 2025
State and Local Jurisdiction [Member]
Open Tax Year	2022 2023 2024 2025
Franchise Fees [Member]
Amortization of Debt Issuance Costs	$ 800	700	700
Mortgage Debt [Member]
Amortization of Debt Issuance Costs	200	300	300
Unsecured Delayed-draw Term Loan [Member]
Amortization of Debt Issuance Costs	$ 500	$ 400	$ 200
Building [Member]
Property, Plant and Equipment, Useful Life (Year)	40 years
Land Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)	20 years
Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	5 years
Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	20 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment, Useful Life (Year)	1 year
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)	10 years

Schedule III - Real Estate and Accumulated Depreciation (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Real Estate Properties Held [Table Text Block]

				*Initial Cost*								*Gross Amount at End of Year*
										*Cost Cap. Sub.*
	*Year of*					*Buildings &*		*Cost Cap. Sub.*		*To Acq. Bldg &*				*Buildings &*				*Buildings &*		*Accumulated*		*Year of Original*		*Depreciation*
Description	*Acquisition*	*Encumbrances*		*Land*		*Improvements*		*To Acq. Land*		*Improvements*		*Land*		*Improvements*		*Total*		*Improvements*		*Depreciation*		*Construction*		*Life*

Homewood Suites Hartford - Farmington, CT	2010		—		1,325		9,375		92		4,435		1,417		13,810		15,227		13,810		6,076		1999		(1)
Residence Inn Holtsville - Holtsville, NY	2010		—		2,200		18,765		27		2,875		2,227		21,640		23,867		21,640		8,210		2004		(1)
Residence Inn White Plains - White Plains, NY	2010		—		2,200		17,677		—		13,266		2,200		30,943		33,143		30,943		13,393		1982		(1)
Residence Inn New Rochelle - New Rochelle, NY	2010		—		—		20,281		9		6,351		9		26,632		26,641		26,632		10,726		2000		(1)
Residence Inn Garden Grove - Garden Grove, CA	2011		—		7,109		35,484		57		5,123		7,166		40,607		47,773		40,607		15,271		2003		(1)
Homewood Suites San Antonio - San Antonio, TX	2011		—		5,999		24,764		10		10,602		6,009		35,366		41,375		35,366		13,410		1996		(1)
Residence Inn Washington DC - Washington, DC	2011		—		6,083		22,063		16		9,975		6,099		32,038		38,137		32,038		13,183		1974		(1)
Residence Inn Tyson's Corner - Vienna, VA	2011		—		5,752		28,917		6		3,033		5,758		31,950		37,708		31,950		12,047		2001		(1)
Hampton Inn Portland Downtown - Portland, ME	2012		—		4,315		22,664		5		1,587		4,320		24,251		28,571		24,251		7,916		2011		(1)
Hyatt Place Pittsburgh - Pittsburgh, PA	2013		23,300		3,000		35,576		15		1,969		3,015		37,545		40,560		37,545		12,108		2011		(1)
Hampton Inn & Suites Exeter - Exeter, NH	2013		15,000		1,900		12,350		4		1,567		1,904		13,917		15,821		13,917		4,288		2010		(1)
Residence Inn Bellevue - Bellevue, WA	2013		—		13,800		56,957		—		6,667		13,800		63,624		77,424		63,624		18,955		2008		(1)
SpringHill Suites Savannah - Savannah, GA	2013		22,000		2,400		36,050		1		3,767		2,401		39,817		42,218		39,817		12,077		2009		(1)
Residence Inn Silicon Valley I - Sunnyvale, CA	2014		—		42,652		45,846		72		6,773		42,724		52,619		95,343		52,619		38,559		1983		(1)
Residence Inn Silicon Valley II - Sunnyvale, CA	2014		—		46,474		50,380		56		8,032		46,530		58,412		104,942		58,412		42,477		1985		(1)
Residence Inn San Mateo - San Mateo, CA	2014		—		38,420		31,352		123		5,769		38,543		37,121		75,664		37,121		26,813		1985		(1)
Residence Inn Mt. View - Mountain View, CA	2014		—		22,019		31,813		29		10,832		22,048		42,645		64,693		42,645		30,680		1985		(1)
Hyatt Place Cherry Creek - Cherry Creek, CO	2014		—		3,700		26,300		—		4,749		3,700		31,049		34,749		31,049		8,962		1987		(1)
Courtyard Addison - Dallas, TX	2014		—		2,413		21,554		42		4,813		2,455		26,367		28,822		26,367		7,925		2000		(1)
Residence Inn Gaslamp - San Diego, CA	2015		—		—		89,040		10		2,199		10		91,239		91,249		91,239		25,474		2009		(1)
Hilton Garden Inn - Marina del Rey, CA	2015		—		—		43,210		5		3,318		5		46,528		46,533		46,528		12,015		2013		(1)
Residence Inn - Dedham, MA	2015		—		4,230		17,304		—		3,245		4,230		20,549		24,779		20,549		5,677		1998		(1)
Residence Inn - Ft. Lauderdale, FL	2015		—		9,200		24,048		14		2,907		9,214		26,955		36,169		26,955		7,443		2008		(1)
Home2 Suites - Woodland Hills, CA	2017		—		6,500		—		128		56,732		6,628		56,732		63,360		56,732		17,280		2022		(1)
Hilton Garden Inn - Portsmouth, NH	2017		—		3,600		37,630		—		5,278		3,600		42,908		46,508		42,908		8,266		2006		(1)
Courtyard - Summerville, SC	2017		9,000		2,500		16,923		7		1,211		2,507		18,134		20,641		18,134		3,749		2014		(1)
Embassy Suites - Springfield, VA	2017		—		7,700		58,807		—		2,665		7,700		61,472		69,172		61,472		12,345		2013		(1)

				*Initial Cost*								*Gross Amount at End of Year*
										*Cost Cap. Sub.*
	*Year of*					*Buildings &*		*Cost Cap. Sub.*		*To Acq. Bldg &*				*Buildings &*				*Buildings &*		*Accumulated*		*Year of Original*		*Depreciation*
Description	*Acquisition*	*Encumbrances*		*Land*		*Improvements*		*To Acq. Land*		*Improvements*		*Land*		*Improvements*		*Total*		*Improvements*		*Depreciation*		*Construction*		*Life*
Residence Inn - Summerville, SC	2018		9,500		2,300		17,060		11		344		2,311		17,404		19,715		17,404		3,276		2018		(1)
Courtyard Dallas Downtown - Dallas, TX	2018		24,500		2,900		42,760		—		267		2,900		43,027		45,927		43,027		7,616		2018		(1)
Silicon Valley III - Sunnyvale, CA	2018		—		8,171		—		—		—		8,171		—		8,171		—		—
Residence Inn Austin Northwest/The Domain Area - Austin, TX	2021		20,850		2,400		33,346		—		349		2,400		33,695		36,095		33,695		3,747		2016		(1)
TownePlace Suites Austin Northwest/The Domain Area - Austin, TX	2021		19,075		2,300		29,347		5		139		2,305		29,486		31,791		29,486		3,253		2021		(1)
Hilton Garden Inn Destin - Miramar Beach, FL	2022		—		4,222		25,246		18		193		4,240		25,439		29,679		25,439		2,457		2020		(1)

Grand Total(s)				$	267,784	$	982,889	$	762	$	191,032	$	268,546	$	1,173,921	$	1,442,467	$	1,173,921	$	415,674

Schedule of Real Estate Useful Life [Table Text Block]

		Years
Building		40
Land improvements		20
Building improvements		5 - 20

Schedule of Change in Real Estate Assets [Table Text Block]

	2025			2024			2023
Balance at the beginning of the year	$	1,512,612		$	1,564,433		$	1,556,453
Acquisitions		—			—			—
Dispositions		(87,014	)		(62,647	)		—
Impairment of depreciable assets		—			(4,256	)		(4,266	)
Improvements		16,869			15,082			12,246
Balance at the end of the year	$	1,442,467		$	1,512,612		$	1,564,433
Finance lease assets at the end of the year		39,518			40,240			—
Total investment in real estate	$	1,481,985		$	1,552,852		$	1,564,433

Schedule of Real Estate Asset Accumulated Depreciation [Table Text Block]

	2025			2024			2023
Balance at the beginning of the year	$	401,532		$	376,323		$	328,832
Depreciation expense		42,095			46,588			47,491
Accumulated depreciation on dispositions		(27,953	)		(21,379	)		—
Accumulated depreciation at the end of the year	$	415,674		$	401,532		$	376,323
Accumulated amortization of finance leases at the end of the year		927			596			—
Total accumulated depreciation and amortization	$	416,601		$	402,128		$	376,323

Note 6 - Debt (Details Textual) - USD ($)
$ in Thousands

12 Months Ended

Sep. 25, 2025

Jun. 06, 2024

May 31, 2024

Oct. 28, 2022

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

May 03, 2024

Dec. 19, 2022

Long-Term Debt

$ 338,913

$ 406,850

Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]

15,957

297,227

$ 117,742

Secured Overnight Financing Rate (SOFR) [Member]

Fair Value, Inputs, Level 3 [Member]

Debt Instrument, Fair Value Disclosure

$ 154,000

164,800

Unsecured Delayed-draw Term Loan [Member]

$ 200,000

$ 140,000

First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member]

^[1]

5.47%

Repayments of Debt

140,000

First Mortgage Lien Secured by Hyatt Place, Pittsburgh, PA [Member] | Wells Fargo Bank [Member]

^[2]

7.29%

Debt Instrument, Term (Year)

$ 23,300

5 years

First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member]

7.29%

6.70%

First Mortgage Lien Secured by SpringHill Suites by Marriott, Savannah, GA [Member] | Barclays Capital Real Estate and Wells Fargo Bank [Member[

27,600

Debt Instrument, Term (Year)

$ 22,000

10 years

First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member]

6.70%

First Mortgage Lien Secured by Hampton Inn & Suites, Exeter, NH [Member] | Barclays Capital Real Estate and Wells Fargo Bank [Member[

^[3]

6.70%

Debt Instrument, Term (Year)

$ 15,000

10 years

Unsecured Term Loan [Member]

6.70%

Proceeds from Issuance of Debt

$ 200,000

New Credit Facility, Revolving Credit Facility and Unsecured Term Loan [Member]

Debt Instrument, Extension Term (Year)

1 year

Debt Instrument, Borrowing Commitment

$ 500,000

Debt Instrument, Accordion Feature, Borrowing Commitment

650,000

Revolving Credit Facility and Unsecured Term Loan [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 300,000

Long-Term Debt

200,000

250,000

Debt Instrument, Fair Value Disclosure

$ 200,000

250,000

First Mortgage Lien Secured by Hampton Inn & Suites, Houston Medical Center, TX [Member]

4.25%

First Mortgage Lien Secured by Residence Inn Marriott, Garden Grove, CA [Member]

$ 16,000

First Mortgage Lien Secured by Residence Inn by Marriott, Mountain View, CA [Member]

29,300

First Mortgage Lien Secured by Residence Inn by Residence Inn by Marriott, Silicon Valley I, CA [Member]

34,900

First Mortgage Lien Secured by Residence Inn by Residence Inn by Marriott, Silicon Valley II, CA [Member]

59,500

First Mortgage Lien Secured by Residence Inn by Residence Inn by Marriott, San Mateo, CA [Member]

65,000

First Mortgage Lien Secured by Hilton Garden Inn, Marina del Rey, CA [Member]

44,700

First Mortgage Lien Secured by Homewood Suites by Hilton, Billerica, MA [Member]

18,800

Minimum [Member] | Unsecured Delayed-draw Term Loan [Member]

$ 14,200

Maximum [Member] | Unsecured Delayed-draw Term Loan [Member]

1.45%

Revolving Credit Facility [Member]

2.20%

Revolving Credit Facility [Member] | Minimum [Member]

^[4]

5.52%

Revolving Credit Facility [Member] | Maximum [Member]

1.50%

Existing Revolving Credit Facility [Member]

2.25%

Line of Credit Facility, Maximum Borrowing Capacity

300,000

$ 260,000

Repayments of Debt

$ 60,000

[1]	The interest rate for the unsecured term loan is variable and based on one-month term SOFR plus a spread of 1.45% to 2.20% based on the Company's leverage and a credit spread adjustment of 0.10%.
[2]	On May 31, 2024, a subsidiary of Chatham entered into an agreement with Wells Fargo Bank to obtain a $23.3 million loan secured by the Hyatt Place Pittsburgh. The loan has a term of five years, carries a fixed interest rate of 7.29%, and is interest-only for its duration.
[3]	On June 6, 2024, two subsidiaries of Chatham entered into two agreements with Barclays Capital Real Estate and Wells Fargo Bank to obtain a $22.0 million loan secured by the SpringHill Suites Savannah and a $15.0 million loan secured by the Hampton Inn & Suites Exeter. Each loan has a term of ten years, carries a fixed interest rate of 6.70%, and is interest-only for its duration.
[4]	The interest rate for the revolving credit facility is variable and based on one-month term secured overnight financing rate ("SOFR") plus a spread of 1.50% to 2.25% based on the Company's leverage and a credit spread adjustment of 0.10%.

Note 11 - Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2025

Nonvested Restricted Stock Shares Activity [Table Text Block]

	*December 31, 2025*					*December 31, 2024*					*December 31, 2023*
				*Weighted -*					*Weighted -*					*Weighted -*
				*Average Grant*					*Average Grant*					*Average Grant*
	*Number of*			*Date Fair*		*Number of*			*Date Fair*		*Number of*			*Date Fair*
	*Shares*			*Value*		*Shares*			*Value*		*Shares*			*Value*
Non-vested at beginning of the period		4,581		$	10.91		5,789		$	11.78		6,666		$	11.47
Granted		8,044			8.08		2,943			10.20		2,457			12.21
Vested		(1,800	)		11.11		(4,151	)		11.62		(3,334	)		11.47
Unvested at end of the period		10,825		$	8.78		4,581		$	10.91		5,789		$	11.78

Schedule of Nonvested Performance-Based Units Activity [Table Text Block]

	*December 31, 2025*					*December 31, 2024*					*December 31, 2023*
				*Weighted -*					*Weighted -*					*Weighted -*
				*Average Grant*					*Average Grant*					*Average Grant*
	*Number of*			*Date Fair*		*Number of*			*Date Fair*		*Number of*			*Date Fair*
	*Units*			*Value*		*Units*			*Value*		*Units*			*Value*
Non-vested at beginning of the period		1,139,564		$	13.88		999,955		$	15.37		905,525		$	15.03
Granted		634,293			8.60		512,264			11.18		466,988			14.36
Vested		(315,563	)		14.31		(322,025	)		14.03		(372,558	)		13.27
Forfeited		(80,731	)		18.58		(50,630	)		15.02		—			—
Non-vested at end of period		1,377,563		$	11.08		1,139,564		$	13.88		999,955		$	15.37

Schedule of Share-Based Payment Award, Valuation Assumptions [Table Text Block]

		*Number*		*Estimated*
		*of Units*		*Value*					*Dividend*			*Risk-Free*
	*Grant Date*	*Granted*		*per Unit*		*Volatility*			*Yield*			*Interest Rate*
2020 Time-Based LTIP Unit Awards	3/1/2020		130,206	$	13.05		20	%		—	%		1.06	%
2020 Performance-Based LTIP Unit Awards (1)	3/1/2020		195,301	$	13.66		20	%		8.1	%		0.90	%
2021 Time-Based LTIP Unit Awards	3/1/2021		132,381	$	12.52		78	%		—	%		0.08	%
2021 Performance-Based LTIP Unit Awards (2)	3/1/2021		198,564	$	15.91		64	%		3.4	%		0.30	%
2022 Time-Based LTIP Unit Awards	3/1/2022		152,004	$	12.33		80	%		—	%		1.01	%
2022 Performance-Based LTIP Unit Awards (3)	3/1/2022		228,000	$	18.58		66	%		3.5	%		1.44	%
2023 Time-Based LTIP Unit Awards	3/1/2023		171,171	$	11.11		37	%		—	%		5.11	%
2023 Performance-Based LTIP Unit Awards	3/1/2023		256,757	$	16.64		69	%		3.5	%		4.61	%
2024 Time-Based LTIP Unit Awards	3/1/2024		204,909	$	9.33		35	%		—	%		4.92	%
2024 Performance-Based LTIP Unit Awards	3/1/2024		307,355	$	12.42		35	%		2.6	%		4.32	%
2025 Time-Based LTIP Unit Awards	3/1/2025		253,722	$	7.44		29	%		—	%		4.14	%
2025 Performance-Based LTIP Unit Awards	3/1/2025		380,571	$	9.37		33	%		3.0	%		4.04	%

The 2024 Performance-based, Long-term Incentive Plan Units [Member]

Schedule of Share-Based Payment Award, Payouts at Performance Levels [Table Text Block]

	Relative TSR Hurdles (Percentile)	Payout Percentage
Threshold	25th	50%
Target	55th	100%
Maximum	80th	200%

Note 16 - Subsequent Events

12 Months Ended

Dec. 31, 2025

Subsequent Events [Text Block]

16.

Subsequent Events

In January and February 2026, the Company repurchased 517,254 common shares at a weighted-average price per share of $6.99 under its Share Repurchase Program for an aggregate purchase price of approximately $3.6 million.

Note 14 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounts Payable and Accrued Liabilities	$ 26,648	$ 29,621
Asset Management Arrangement [Member]
Management Fee Expense	9,900	10,700	$ 10,600
Accounts Payable and Accrued Liabilities	200	500
Incentive Fee Expense	$ 100	$ 200	$ 200
Island Hospitality Management, LLC (“IHM”) [Member]
Ownership Percentage	100.00%

Schedule III - Real Estate and Accumulated Depreciation (Details Textual) $ in Thousands	Dec. 31, 2025 USD ($)
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis	$ 1,482,197

Note 11 - Equity Incentive Plan (Details Textual) - USD ($) $ / shares in Units, $ in Thousands					1 Months Ended			12 Months Ended
	Jan. 15, 2026	Mar. 01, 2025	Jan. 15, 2025	Jan. 16, 2024	Feb. 28, 2025	Feb. 28, 2024	Feb. 28, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	May 06, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Allocation Payout Percentage								100.00%
Independent Trustees [Member]
Trustee Fees								$ 135	$ 135	$ 120
Trustee Fees, Shares Percentage								59.00%
Stock Issued During Period, Shares, Issued for Services (in shares)								61,551	43,670	43,378
Independent Trustees [Member] \| Subsequent Event [Member]
Stock Issued During Period, Shares, Issued for Services (in shares)	61,699
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								8,044	2,943	2,457
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)								1,800	4,151	3,334
The 2025 Time-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								253,722
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)								$ 7.44
The 2025 Performance-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								380,571
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)								$ 9.37
The 2024 Performance-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								307,355
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)								$ 12.42
Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)								634,293	512,264	466,988
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)								315,563	322,025	372,558
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Allocation Payout Percentage								50.00%
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Allocation Payout Percentage								200.00%
Maximum [Member] \| Independent Trustees [Member]
Trustee Fees, Shares Percentage								100.00%
Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)											2,150,000
Share-Based Payment Arrangement, Plan Term (Year)											10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Dividends Paid on Unvested Shares, Percentage								10.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Dividends Accrued on Unvested Shares, Percentage								90.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)								2,271,462
Stock Issued During Period, Shares, Issued for Services (in shares)	61,699		61,551	43,670
Share-Based Payment Arrangement, Plan Expiration Date											Mar. 22, 2032
Equity Incentive Plan [Member] \| Restricted Stock [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount								$ 60	$ 33
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)								1 year 10 months 24 days
Share-Based Payment Arrangement, Expense								$ 38	$ 42	$ 47
Equity Incentive Plan [Member] \| The 2025 Time-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		253,722
Equity Incentive Plan [Member] \| The 2025 Performance-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		380,571
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Exercise Price (in dollars per share)		$ 9.37
Equity Incentive Plan [Member] \| The 2024 Performance-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)									3 years
Equity Incentive Plan [Member] \| Long-term Incentive Plan Units [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount								$ 6,500	$ 6,800
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)								1 year 8 months 12 days
Share-Based Payment Arrangement, Expense								$ 5,700	$ 5,800	$ 5,600
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)					142,905	170,173	234,361
Equity Incentive Plan [Member] \| Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)								3 years
Equity Incentive Plan [Member] \| Minimum [Member] \| The 2024 Performance-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Allocation Payout Percentage									50.00%
Equity Incentive Plan [Member] \| Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)								5 years
Equity Incentive Plan [Member] \| Maximum [Member] \| The 2024 Performance-based, Long-term Incentive Plan Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Target Allocation Payout Percentage									200.00%

Note 13 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Text Block]

13.

Commitments and Contingencies

Litigation

The Company is subject to various claims, lawsuits and legal proceedings, including routine litigation arising in the ordinary course of business, regarding the operation of its hotels, its managers and other Company matters. While it is not possible to ascertain the ultimate outcome of such matters, the Company believes that the aggregate identifiable amount of such liabilities, if any, will not have a material adverse impact on its financial condition or results of operations.

Management Agreements

The management agreements with IHM have an initial term of five years and automatically renew for two five-year periods unless IHM provides written notice to us no later than 90 days prior to the then current term's expiration date of their intent not to renew. The IHM management agreements provide for early termination at the Company’s option upon sale of any IHM-managed hotel for no termination fee, with six months advance notice. The IHM management agreements may be terminated for cause, including the failure of the managed hotel to meet specified performance levels. Base management fees are calculated as a percentage of the hotel's gross room revenue. If certain financial thresholds are met or exceeded, an incentive management fee is calculated as 10% of the hotel's net operating income less fixed costs, base management fees and a specified return threshold. The incentive management fee is capped at 1% of gross hotel revenues for the applicable calculation.

Management fees totaled approximately $9.9 million, $10.7 million and $10.6 million for the years ended December 31, 2025, 2024 and 2023, respectively. Incentive management fees paid to IHM for the years ended years ended December 31, 2025, 2024 and 2023 were $0.1 million, $0.2 million and $0.2 million, respectively.

As of December 31, 2025, certain key terms of the Company's management agreements are (dollars are not in thousands):

							*Monthly*
		*Base*			*Monthly*		*Revenue*		*Incentive*
	*Management*	*Management*			*Accounting*		*Management*		*Management*
Property	*Company*	*Fee*			*Fee*		*Fee*		*Fee Cap*
Homewood Suites by Hilton Hartford-Farmington	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Long Island Holtsville	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn White Plains	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn New Rochelle	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Garden Grove	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Homewood Suites by Hilton San Antonio River Walk	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Washington DC	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Tysons Corner	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Hampton Inn Portland Downtown	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Hyatt Place Pittsburgh North Shore	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hampton Inn Exeter	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Bellevue	IHM		3.0	%	$	1,500	$	1,000		1.0	%
SpringHill Suites Savannah	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Silicon Valley I	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Silicon Valley II	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn San Mateo	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Mountain View	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Hyatt Place Cherry Creek	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Courtyard Addison	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn San Diego Gaslamp	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hilton Garden Inn Marina del Rey	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Dedham	IHM		3.0	%	$	1,200	$	1,000		1.0	%
Residence Inn Il Lugano	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hilton Garden Inn Portsmouth	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Courtyard Summerville	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Embassy Suites Springfield	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Summerville	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Courtyard Dallas	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Residence Inn Austin Northwest/The Domain Area	IHM		3.0	%	$	1,500	$	1,000		1.0	%
TownePlace Suites Austin Northwest/The Domain Area	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Home2 Suites Woodland Hills	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Hilton Garden Inn Destin Miramar Beach	IHM		3.0	%	$	1,500	$	1,000		1.0	%
Home2 Suites Phoenix Downtown	IHM		3.0	%	$	1,500	$	1,000		1.0	%

Franchise Agreements

The fees associated with the franchise agreements are calculated as a specified percentage of the hotel's gross room revenue. Franchise and marketing/program fees totaled approximately $23.6 million, $25.4 million and $24.9 million for the years ended December 31, 2025, 2024 and 2023, respectively. The initial terms of the agreements range from 10 to 30 years with the weighted-average expiration being September 2036.

As of December 31, 2025, certain key terms of the Company's franchise agreements are:

	*Franchise/*			*Marketing/*
Property	*Royalty Fee*			*Program Fee*			*Expiration*
Homewood Suites by Hilton Hartford-Farmington		4.0	%		4.0	%		2039
Residence Inn Long Island Holtsville		6.0	%		2.5	%		2026
Residence Inn White Plains		5.5	%		2.5	%		2030
Residence Inn New Rochelle		5.5	%		2.5	%		2030
Residence Inn Garden Grove		5.0	%		2.5	%		2031
Homewood Suites by Hilton San Antonio River Walk		4.0	%		3.5	%		2041
Residence Inn Washington DC		5.5	%		2.5	%		2033
Residence Inn Tysons Corner		5.0	%		2.5	%		2031
Hampton Inn Portland Downtown		6.0	%		4.0	%		2032
Hyatt Place Pittsburgh North Shore		5.0	%		3.5	%		2030
Hampton Inn Exeter		6.0	%		4.0	%		2031
Residence Inn Bellevue		5.5	%		2.5	%		2033
SpringHill Suites Savannah		5.0	%		2.5	%		2033
Residence Inn Silicon Valley I		5.5	%		2.5	%		2029
Residence Inn Silicon Valley II		5.5	%		2.5	%		2029
Residence Inn San Mateo		5.5	%		2.5	%		2029
Residence Inn Mountain View		5.5	%		2.5	%		2029
Hyatt Place Cherry Creek		5.0	%		3.5	%		2034
Courtyard Addison		5.5	%		2.0	%		2029
Residence Inn San Diego Gaslamp		6.0	%		2.5	%		2035
Hilton Garden Inn Marina del Rey		5.5	%		4.3	%		2030
Residence Inn Dedham		6.0	%		2.5	%		2030
Residence Inn Il Lugano		6.0	%		2.5	%		2045
Hilton Garden Inn Portsmouth		5.5	%		4.0	%		2037
Courtyard Summerville		6.0	%		2.5	%		2037
Embassy Suites Springfield		5.5	%		4.0	%		2037
Residence Inn Summerville		6.0	%		2.5	%		2038
Courtyard Dallas		6.0	%		2.0	%		2038
Residence Inn Austin Northwest/The Domain Area		6.0	%		2.5	%		2036
TownePlace Suites Austin Northwest/The Domain Area		5.5	%		2.0	%		2041
Home2 Suites Woodland Hills		5.0	%		3.0	%		2040
Hilton Garden Inn Destin Miramar Beach		5.5	%		4.0	%		2042
Home2 Suites Phoenix Downtown		4.0	%		3.5	%		2044

Consolidated Statements of Equity (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Offering costs	$ 0	$ 278	$ 2
Dividends declared (in dollars per share)	$ 0.36	$ 0.28	$ 0.28
Distributions declared (in dollars per share)	$ 0.36	$ 0.28	$ 0.28

Note 7 - Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Book income before income taxes			$ 15,313	$ 4,035	$ 2,488
REIT income not subject to income taxes			(15,152)
Book income before income taxes of the TRS			161	2,905	(7,309)
Statutory rate of 21%			$ 34	610	(1,535)
Statutory rate of 21%, percent			21.00%
Effect of state and local income taxes, net of federal tax benefit (a)			$ 10	0	(245)
Effect of state and local income taxes, net of federal tax benefit (a), percent			6.00%
Permanent adjustments			$ 24	21	13
Permanent adjustments, percent			15.00%
Change in valuation allowance			$ (55)	(1,051)	1,579
Change in valuation allowance, percent			35.00%
Valuation allowance release			$ 0	0	0
Valuation allowance release, percent			0.00%
Other			$ (13)	420	188
Other, percent			8.00%
Total income tax (benefit) expense	$ 0	$ 0	$ 0	$ 0	$ 0
Effective tax rate			0.00%	0.00%	0.00%
Effective tax rate			0.00%	0.00%	0.00%

Note 5 - Investment in Hotel Properties (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Real Estate Properties [Table Text Block]

	*December 31, 2025*			*December 31, 2024*
Land and improvements	$	268,546		$	280,415
Building and improvements		1,174,132			1,232,438
Furniture, fixtures and equipment		87,528			107,947
Finance lease assets		43,840			43,760
Renovations in progress		11,718			17,232
		1,585,764			1,681,792
Less accumulated depreciation and amortization		(478,874	)		(484,274	)
Investment in hotel properties, net	$	1,106,890		$	1,197,518

Note 8 - Dividends Declared and Paid - Schedule of Dividends Declared (Details) - $ / shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Dividends declared (in dollars per share)	$ 0.36	$ 0.28	$ 0.28
Distributions declared (in dollars per share)	0.36	0.28	$ 0.28
Common Stock [Member]
Dividends, ordinary income (in dollars per share)	0.32764	0.21568
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.03236
Qualified business income (in dollars per share)	0.32764	0.21568
Dividends, return of capital (in dollars per share)		0.06432
Series A Preferred Stock [Member]
Dividends, ordinary income (in dollars per share)	1.50736	1.65624
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.14888
Qualified business income (in dollars per share)	1.50736	1.65624
Dividends, return of capital (in dollars per share)		0
Dividend per preferred share (in dollars per share)	1.65624	1.65624
O 2025 Q1 Dividends [Member]
Dividends declared (in dollars per share)	0.09
Distributions declared (in dollars per share)	$ 0.09
O 2025 Q1 Dividends [Member] \| Common Stock [Member]
Record date	Mar. 31, 2025
Payment date	Apr. 15, 2025
Dividends, ordinary income (in dollars per share)	$ 0.08191
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.00809
Qualified business income (in dollars per share)	$ 0.08191
O 2025 Q1 Dividends [Member] \| Series A Preferred Stock [Member]
Record date	Mar. 31, 2025
Payment date	Apr. 15, 2025
Dividends, ordinary income (in dollars per share)	$ 0.37684
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.03722
Qualified business income (in dollars per share)	0.37684
Dividend per preferred share (in dollars per share)	0.41406
O 2024 Q1 Dividends [Member]
Dividends declared (in dollars per share)		0.07
Distributions declared (in dollars per share)		$ 0.07
O 2024 Q1 Dividends [Member] \| Common Stock [Member]
Record date		Mar. 28, 2024
Payment date		Apr. 15, 2024
Dividends, ordinary income (in dollars per share)		$ 0.05392
Qualified business income (in dollars per share)		0.05392
Dividends, return of capital (in dollars per share)		$ 0.01608
O 2024 Q1 Dividends [Member] \| Series A Preferred Stock [Member]
Record date		Mar. 28, 2024
Payment date		Apr. 15, 2024
Dividends, ordinary income (in dollars per share)		$ 0.41406
Qualified business income (in dollars per share)		0.41406
Dividends, return of capital (in dollars per share)		0
Dividend per preferred share (in dollars per share)		0.41406
O 2025 Q2 Dividends [Member]
Dividends declared (in dollars per share)	0.09
Distributions declared (in dollars per share)	$ 0.09
O 2025 Q2 Dividends [Member] \| Common Stock [Member]
Record date	Jun. 30, 2025
Payment date	Jul. 15, 2025
Dividends, ordinary income (in dollars per share)	$ 0.08191
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.00809
Qualified business income (in dollars per share)	$ 0.08191
O 2025 Q2 Dividends [Member] \| Series A Preferred Stock [Member]
Record date	Jun. 30, 2025
Payment date	Jul. 15, 2025
Dividends, ordinary income (in dollars per share)	$ 0.37684
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.03722
Qualified business income (in dollars per share)	0.37684
Dividend per preferred share (in dollars per share)	0.41406
O 2024 Q2 Dividends [Member]
Dividends declared (in dollars per share)		0.07
Distributions declared (in dollars per share)		$ 0.07
O 2024 Q2 Dividends [Member] \| Common Stock [Member]
Record date		Jun. 28, 2024
Payment date		Jul. 15, 2024
Dividends, ordinary income (in dollars per share)		$ 0.05392
Qualified business income (in dollars per share)		0.05392
Dividends, return of capital (in dollars per share)		$ 0.01608
O 2024 Q2 Dividends [Member] \| Series A Preferred Stock [Member]
Record date		Jun. 28, 2024
Payment date		Jul. 15, 2024
Dividends, ordinary income (in dollars per share)		$ 0.41406
Qualified business income (in dollars per share)		0.41406
Dividends, return of capital (in dollars per share)		0
Dividend per preferred share (in dollars per share)		0.41406
O 2025 Q3 Dividends [Member]
Dividends declared (in dollars per share)	0.09
Distributions declared (in dollars per share)	$ 0.09
O 2025 Q3 Dividends [Member] \| Common Stock [Member]
Record date	Sep. 30, 2025
Payment date	Oct. 15, 2025
Dividends, ordinary income (in dollars per share)	$ 0.08191
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.00809
Qualified business income (in dollars per share)	$ 0.08191
O 2025 Q3 Dividends [Member] \| Series A Preferred Stock [Member]
Record date	Sep. 30, 2025
Payment date	Oct. 15, 2025
Dividends, ordinary income (in dollars per share)	$ 0.37684
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.03722
Qualified business income (in dollars per share)	0.37684
Dividend per preferred share (in dollars per share)	0.41406
O 2024 Q3 Dividends [Member]
Dividends declared (in dollars per share)		0.07
Distributions declared (in dollars per share)		$ 0.07
O 2024 Q3 Dividends [Member] \| Common Stock [Member]
Record date		Sep. 30, 2024
Payment date		Oct. 15, 2024
Dividends, ordinary income (in dollars per share)		$ 0.05392
Qualified business income (in dollars per share)		0.05392
Dividends, return of capital (in dollars per share)		$ 0.01608
O 2024 Q3 Dividends [Member] \| Series A Preferred Stock [Member]
Record date		Sep. 30, 2024
Payment date		Oct. 15, 2024
Dividends, ordinary income (in dollars per share)		$ 0.41406
Qualified business income (in dollars per share)		0.41406
Dividends, return of capital (in dollars per share)		0
Dividend per preferred share (in dollars per share)		0.41406
O 2025 Q4 Dividends [Member]
Dividends declared (in dollars per share)	0.09
Distributions declared (in dollars per share)	$ 0.09
O 2025 Q4 Dividends [Member] \| Common Stock [Member]
Record date	Dec. 31, 2025
Payment date	Jan. 15, 2026
Dividends, ordinary income (in dollars per share)	$ 0.08191
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.00809
Qualified business income (in dollars per share)	$ 0.08191
O 2025 Q4 Dividends [Member] \| Series A Preferred Stock [Member]
Record date	Dec. 31, 2025
Payment date	Jan. 01, 2026
Dividends, ordinary income (in dollars per share)	$ 0.37684
Dividends, Unrecaptured Section 1250 Gain (in dollars per share)	0.03722
Qualified business income (in dollars per share)	0.37684
Dividend per preferred share (in dollars per share)	$ 0.41406
O 2024 Q4 Dividends [Member]
Dividends declared (in dollars per share)		0.07
Distributions declared (in dollars per share)		$ 0.07
O 2024 Q4 Dividends [Member] \| Common Stock [Member]
Record date		Dec. 31, 2024
Payment date		Jan. 15, 2025
Dividends, ordinary income (in dollars per share)		$ 0.05392
Qualified business income (in dollars per share)		0.05392
Dividends, return of capital (in dollars per share)		$ 0.01608
O 2024 Q4 Dividends [Member] \| Series A Preferred Stock [Member]
Record date		Dec. 31, 2024
Payment date		Jan. 15, 2025
Dividends, ordinary income (in dollars per share)		$ 0.41406
Qualified business income (in dollars per share)		0.41406
Dividends, return of capital (in dollars per share)		0
Dividend per preferred share (in dollars per share)		$ 0.41406

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2025	Feb. 27, 2026	Jun. 30, 2025
Document Information [Line Items]
Entity Central Index Key	0001476045
Entity Registrant Name	Chatham Lodging Trust
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2025
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Document Transition Report	false
Entity File Number	001-34693
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	27-1200777
Entity Address, Address Line One	222 Lakeview Avenue, Suite 200
Entity Address, City or Town	West Palm Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33401
City Area Code	561
Local Phone Number	802-4477
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 335,006,575
Entity Common Stock, Shares Outstanding		47,254,037
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Miami, Florida
Series A Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	6.625% Series A Cumulative Redeemable Preferred Shares
Trading Symbol	CLDT-PA
Security Exchange Name	NYSE
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Shares of Beneficial Interest, $0.01 par value per share
Trading Symbol	CLDT
Security Exchange Name	NYSE

Insider Trading Arrangements	12 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual [Table]
Material Terms of Trading Arrangement [Text Block]	*Item 9B.* Other Information** None.
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 11 - Equity Incentive Plan

12 Months Ended

Dec. 31, 2025