Organization and Description of Business (Tables)

9 Months Ended

Sep. 30, 2022

Organization and Description of Business

Schedule of number of hotels managed by each third-party manager

As of September 30, 2022, the Company owned 15 hotels (the “15 Hotels”) currently held for investment. The Company’s third-party managers included the following:

	Number of Hotels
Subsidiaries of Marriott International, Inc. or Marriott Hotel Services, Inc. (collectively, “Marriott”)	6
Hyatt Hotels Corporation	2
Interstate Hotels & Resorts, Inc.	2	(1)
Four Seasons Hotels Limited	1
Highgate Hotels L.P. and an affiliate	1
Hilton Worldwide	1
Montage North America, LLC	1
Singh Hospitality, LLC	1
Total hotels owned as of September 30, 2022	15

(1) In October 2022, Sage Hospitality Group commenced management of The Bidwell Portland Marriott.