Indirect Hotel Operating Expenses (Tables)

9 Months Ended

Sep. 30, 2020

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, 2020		September 30, 2019		September 30, 2020		September 30, 2019
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Sales and marketing	$	1,469,254	$	4,164,001	$	6,316,638	$	12,848,029
General and administrative		2,462,088		3,698,817		8,197,401		11,511,241
Repairs and maintenance		1,196,864		2,013,706		4,031,876		5,997,166
Utilities		1,255,305		1,750,826		3,659,411		4,761,352
Property taxes		1,899,979		1,751,234		5,218,265		5,212,700
Management fees, including incentive		380,736		1,053,456		1,385,142		3,792,643
Franchise fees		443,868		1,095,564		1,645,448		3,597,319
Insurance		774,153		823,420		2,293,849		2,497,230
Information and telecommunications		554,901		612,988		1,607,416		1,855,903
Other		61,647		230,136		254,955		683,944
Total indirect hotel operating expenses	$	10,498,795	$	17,194,148	$	34,610,401	$	52,757,527