Indirect Hotel Operating Expenses

6 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Indirect Hotel Operating Expenses

10. Indirect Hotel Operating Expenses

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

	Three Months Ended		Three Months Ended		Six Months Ended		Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Sales and marketing	$	4,339,345	$	4,298,001	$	8,376,932	$	8,507,771
General and administrative		3,821,459		3,908,023		7,559,619		7,371,823
Repairs and maintenance		2,189,231		2,102,523		4,518,830		4,322,091
Utilities		1,520,775		1,400,833		2,998,548		2,733,548
Property taxes		1,419,067		1,303,119		2,960,768		2,302,640
Management fees, including incentive		1,288,046		1,251,835		2,609,411		2,610,875
Franchise fees		1,250,575		1,246,360		2,311,937		2,317,880
Insurance		1,405,670		1,715,721		3,197,386		2,663,381
Information and telecommunications		954,506		945,572		1,953,110		1,868,350
Other		308,166		290,349		495,195		511,554
Total indirect hotel operating expenses	$	18,496,840	$	18,462,336	$	36,981,736	$	35,209,913