Indirect Hotel Operating Expenses (Tables)

9 Months Ended

Sep. 30, 2018

Other Income And Expenses [Abstract]

Summary of Indirect Hotel Operating Expenses

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

	Three Months Ended		Three Months Ended		Nine Months Ended		Nine Months Ended
	September 30, 2018		September 30, 2017		September 30, 2018		September 30, 2017
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Sales and marketing	$	4,015,942	$	3,397,811	$	12,046,880	$	10,547,138
General and administrative		3,540,054		3,194,007		10,880,130		9,788,564
Repairs and maintenance		1,887,113		1,805,103		5,655,711		5,174,066
Utilities		1,749,562		1,568,324		4,735,195		4,394,631
Property taxes		950,148		1,539,066		4,113,025		4,518,267
Management fees, including incentive		1,066,120		999,866		3,570,974		3,090,515
Franchise fees		1,059,522		888,460		3,244,833		3,061,535
Insurance		746,175		620,244		2,114,351		1,845,702
Information and telecommunications		515,225		412,714		1,317,290		1,243,847
Other		497,635		783,654		1,222,648		1,355,477
Total indirect hotel operating expenses	$	16,027,496	$	15,209,249	$	48,901,037	$	45,019,742