Subsequent Events	3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events On April 25, 2022, the board of directors authorized the deferral of payment of the quarterly distribution for the period ending June 30, 2022, for each of the Company’s Series B, Series C, and Series D Preferred Stock (and Preferred Units). On April 27, 2022, we entered into entered into an amendment to the master agreement with Our Town whereby the initial term of the master agreement is extended by ten years, from March 31, 2025 to March 31, 2035. Concurrently, we also entered into amendments to each of the individual hotel management agreements with Our Town whereby the initial term of each hotel management agreement is extended by ten years, from March 31, 2025 to March 31, 2035. On April 28, 2022, we entered into a note modification agreement (the “Note Modification Agreement”) to extend the maturity date on the existing mortgage on the DoubleTree by Hilton Laurel with the existing lender, United Bank, a Virginia banking corporation and successor in interest to Bank of Georgetown (the “Lender”). Pursuant to the Note Modification Agreement: (i) the maturity date was extended by nine months, to May 5, 2023; and (ii) the Company agreed to pay Lender an exit fee equal to three-quarters of one percent (0.75%) of the outstanding principal balance of the loan if the loan is repaid on or after February 5, 2023. Concurrently with the execution of the Note Modification Agreement, the Company paid Lender five percent of the outstanding principal balance on the loan as a curtailment payment in the amount of $403,041. All other terms of the mortgage and related security documents remain unchanged. On April 11, 2022, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company exchanged 4,000 shares of the Company’s Series B Preferred Stock and 8,000 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 116,640 shares of the Company’s common stock. We closed the transaction and issued the common stock on April 12, 2022. On April 19, 2022, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company exchanged 5,000 shares of the Company’s Series B Preferred Stock and 10,600 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 153,504 shares of the Company’s common stock. We closed the transaction and issued the common stock on April 19, 2022.

Subsequent Events

3 Months Ended

Mar. 31, 2022

13. Subsequent Events

On April 25, 2022, the board of directors authorized the deferral of payment of the quarterly distribution for the period ending June 30, 2022, for each of the Company’s Series B, Series C, and Series D Preferred Stock (and Preferred Units).

On April 27, 2022, we entered into entered into an amendment to the master agreement with Our Town whereby the initial term of the master agreement is extended by ten years, from March 31, 2025 to March 31, 2035. Concurrently, we also entered into amendments to each of the individual hotel management agreements with Our Town whereby the initial term of each hotel management agreement is extended by ten years, from March 31, 2025 to March 31, 2035.

On April 28, 2022, we entered into a note modification agreement (the “Note Modification Agreement”) to extend the maturity date on the existing mortgage on the DoubleTree by Hilton Laurel with the existing lender, United Bank, a Virginia banking corporation and successor in interest to Bank of Georgetown (the “Lender”). Pursuant to the Note Modification Agreement: (i) the maturity date was extended by nine months, to May 5, 2023; and (ii) the Company agreed to pay Lender an exit fee equal to three-quarters of one percent (0.75%) of the outstanding principal balance of the loan if the loan is repaid on or after February 5, 2023. Concurrently with the execution of the Note Modification Agreement, the Company paid Lender five percent of the outstanding principal balance on the loan as a curtailment payment in the amount of $403,041. All other terms of the mortgage and related security documents remain unchanged.

On April 11, 2022, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company exchanged 4,000 shares of the Company’s Series B Preferred Stock and 8,000 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 116,640 shares of the Company’s common stock. We closed the transaction and issued the common stock on April 12, 2022.

On April 19, 2022, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company exchanged 5,000 shares of the Company’s Series B Preferred Stock and 10,600 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 153,504 shares of the Company’s common stock. We closed the transaction and issued the common stock on April 19, 2022.