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Indirect Hotel Operating Expenses (Tables)
12 Months Ended
Dec. 31, 2022
Other Income and Expenses [Abstract]  
Summary of Indirect Hotel Operating Expenses

Indirect hotel operating expenses consists of the following expenses incurred by the hotels:

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

$

15,062,397

 

 

$

11,684,933

 

 

$

8,094,085

 

General and administrative

 

 

13,436,054

 

 

 

10,533,201

 

 

 

10,542,495

 

Repairs and maintenance

 

 

8,723,144

 

 

 

7,362,334

 

 

 

5,490,145

 

Utilities

 

 

5,649,716

 

 

 

5,309,637

 

 

 

4,817,508

 

Property taxes

 

 

5,254,075

 

 

 

6,131,271

 

 

 

7,014,472

 

Management fees, including incentive

 

 

4,377,814

 

 

 

3,620,071

 

 

 

1,822,359

 

Franchise fees

 

 

4,059,709

 

 

 

3,321,352

 

 

 

2,042,902

 

Insurance

 

 

4,082,551

 

 

 

3,596,153

 

 

 

3,097,245

 

Information and telecommunications

 

 

3,378,716

 

 

 

3,048,495

 

 

 

2,271,266

 

Other

 

 

787,391

 

 

 

492,798

 

 

 

294,831

 

Total indirect hotel operating expenses

 

$

64,811,567

 

 

$

55,100,245

 

 

$

45,487,308