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Indirect Hotel Operating Expenses
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Indirect Hotel Operating Expenses

11. Indirect Hotel Operating Expenses

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

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

 

 

2023

 

 

2022

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing

 

$

16,079,144

 

 

$

16,095,696

 

 

$

15,062,397

 

General and administrative

 

 

15,113,649

 

 

 

14,105,674

 

 

 

13,436,054

 

Repairs and maintenance

 

 

9,070,165

 

 

 

8,634,637

 

 

 

8,723,144

 

Utilities

 

 

6,149,994

 

 

 

5,873,095

 

 

 

5,649,716

 

Property taxes

 

 

5,751,544

 

 

 

5,241,790

 

 

 

5,254,075

 

Management fees, including incentive

 

 

4,767,469

 

 

 

4,659,261

 

 

 

4,377,814

 

Franchise fees

 

 

4,286,432

 

 

 

4,271,435

 

 

 

4,059,709

 

Insurance

 

 

6,347,150

 

 

 

5,842,930

 

 

 

4,082,551

 

Information and telecommunications

 

 

4,010,693

 

 

 

3,779,019

 

 

 

3,378,716

 

Other

 

 

1,270,782

 

 

 

1,126,187

 

 

 

787,391

 

Total indirect hotel operating expenses

 

$

72,847,022

 

 

$

69,629,724

 

 

$

64,811,567