Investment in Hotel Properties, Net

6 Months Ended

Jun. 30, 2022

Real Estate [Abstract]

Investment in Hotel Properties, Net

. Investment in Hotel Properties, Net

Investment in hotel properties, net as of June 30, 2022 and December 31, 2021 consisted of the following:

	June 30, 2022			December 31, 2021
Land and land improvements	$	60,538,005		$	60,395,168
Buildings and improvements		409,405,049			407,310,530
Right of use assets		5,430,527			5,711,607
Furniture, fixtures and equipment		50,890,066			50,505,902
		526,263,647			523,923,207
Less: accumulated depreciation and impairment		(156,781,765	)		(148,037,983	)
Investment in Hotel Properties, Net	$	369,481,882		$	375,885,224

		June 30, 2022		December 31, 2021
Land and land improvements	$		—	$	5,799,197
Buildings and improvements			—		36,115,121
Furniture, fixtures and equipment			—		5,743,949
			—		47,658,267
Less: accumulated depreciation and impairment			—		(24,787,780	)
Investment in Hotel Properties Held for Sale, Net	$		—	$	22,870,487