Indirect Hotel Operating Expenses (Tables)

9 Months Ended

Sep. 30, 2019

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, 2019		September 30, 2018		September 30, 2019		September 30, 2018
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Sales and marketing		4,164,001	$	4,015,942	$	12,848,029	$	12,046,880
General and administrative		3,698,817		3,540,054		11,511,241		10,880,130
Repairs and maintenance		2,013,706		1,887,113		5,997,166		5,655,711
Utilities		1,750,826		1,749,562		4,761,352		4,735,195
Property taxes		1,751,234		950,148		5,212,700		4,113,025
Management fees, including incentive		1,053,456		1,066,120		3,792,643		3,570,974
Franchise fees		1,095,564		1,059,522		3,597,319		3,244,833
Insurance		823,420		746,175		2,497,230		2,114,351
Information and telecommunications		612,988		515,225		1,855,903		1,317,290
Other		230,136		497,635		683,944		1,222,648
Total indirect hotel operating expenses	$	17,194,148	$	16,027,496	$	52,757,527	$	48,901,037