XML 65 R55.htm IDEA: XBRL DOCUMENT v3.22.2
COMMITMENTS AND CONTINGENCIES AND RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
property
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
property
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Management Agreements          
Term of management agreements with HHMLP (in years)     5 years    
Base management fee as percentage of gross revenues (percentage)     3.00%    
Base management fees incurred $ 3,145,000 $ 5,143,000 $ 1,745,000 $ 2,925,000  
Incentive management fees incurred 0 0 0 0  
Accounting, Revenue Management and Information Technology Fees          
Accounting fees 277,000 277,000 555,000 590,000  
Information technology fees 90,000 90,000 177,000 191,000  
Revenue management service fees 574,000 399,000 1,149,000 837,000  
Capital Expenditure Fees          
Fees incurred on capital expenditures 170,000 78,000 $ 294,000 197,000  
Acquisitions From Affiliates          
Period of right of first refusal per option agreement with officers and affiliated trustees after termination     1 year    
Hotel Supplies          
Hotel supplies 0 0 $ 0 1,000  
Charges for capital expenditure purchases 3,652,000 86,000 4,541,000 220,000  
Insurance Services          
Risk management fees 30,000 56,000 59,000 113,000  
Due from Related Parties, Unclassified          
Due from related parties 534,000   534,000   $ 2,495,000
Due to Related Parties          
Due to related party $ 482,000   $ 482,000   $ 1,723,000
Executive Officer          
Lessee Disclosure          
Ownership percentage in related party (in percentage) 70.00%   70.00%    
Hotel          
Lessee Disclosure          
Number of real estate properties (property) | property 2   2    
Fee revenue $ 68,000 35,000 $ 111,000 48,000  
Franchise          
Franchise Agreements          
Franchise fee expense $ 5,362,000 $ 2,465,000 $ 8,413,000 $ 4,287,000  
Minimum          
Franchise Agreements          
Terms of franchise agreements (in years)     10 years    
Accounting, Revenue Management and Information Technology Fees          
Monthly fees for accounting services per property for hotels managed by HHMLP     $ 2,000    
Monthly information technology fees per property for hotels managed by HHMLP, minimum     $ 1,000    
Capital Expenditure Fees          
Fee on all capital expenditures and pending renovation projects at the properties (percentage) 3.00%        
Maximum          
Franchise Agreements          
Terms of franchise agreements (in years)     20 years    
Accounting, Revenue Management and Information Technology Fees          
Monthly fees for accounting services per property for hotels managed by HHMLP     $ 3,000    
Monthly information technology fees per property for hotels managed by HHMLP, minimum     $ 2,000    
Capital Expenditure Fees          
Fee on all capital expenditures and pending renovation projects at the properties (percentage)     5.00%