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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Total revenues $ 24,913,826 $ 13,091,480
Expenses    
Other property expenses 8,093,696 5,772,767
Property management fees to affiliates 747,948 393,134
Corporate general and administrative 1,448,648 1,488,376
Other fees to affiliates 1,076,785 979,460
Acquisition costs   94,133
Depreciation and amortization 3,362,538 3,011,904
Total expenses 20,644,722 14,882,055
Loss on acquisition   (133,521)
Operating income (loss) 4,269,104 (1,924,096)
Gain on loan extinguishment 1,502,984  
Interest expense, net (2,703,758) (2,642,094)
Gain on interest rate swap 295,087 30,663
Net income (loss) before income taxes 3,363,417 (4,535,527)
Income tax expense (25,745) (609)
Net income (loss) 3,337,672 (4,536,136)
Net income (loss) attributable to noncontrolling interest 745,479 (709,531)
Net income (loss) attributable to common stockholders 2,592,193 (3,826,605)
Class K Common Stock    
Expenses    
Net income (loss) attributable to common stockholders $ 1,807,855 $ (2,660,810)
Net income (loss) per common share, basic (in dollars per share) $ 0.47 $ (0.81)
Net income (loss) per common share, diluted (in dollars per share) $ 0.47 $ (0.81)
Weighted average number of common shares outstanding - basic (in shares) 3,815,288 3,281,469
Weighted average number of common shares outstanding - diluted (in shares) 3,815,288 3,281,469
Class K-I Common Stock    
Expenses    
Net income (loss) attributable to common stockholders $ 511,947 $ (504,295)
Net income (loss) per common share, basic (in dollars per share) $ 0.47 $ (0.81)
Net income (loss) per common share, diluted (in dollars per share) $ 0.47 $ (0.81)
Weighted average number of common shares outstanding - basic (in shares) 1,080,372 622,428
Weighted average number of common shares outstanding - diluted (in shares) 1,080,372 622,428
Class K-T Common Stock    
Expenses    
Net income (loss) attributable to common stockholders $ 26,172 $ (38,783)
Net income (loss) per common share, basic (in dollars per share) $ 0.47 $ (0.81)
Net income (loss) per common share, diluted (in dollars per share) $ 0.47 $ (0.81)
Weighted average number of common shares outstanding - basic (in shares) 55,231 47,741
Weighted average number of common shares outstanding - diluted (in shares) 55,231 47,741
Class A Common Stock    
Expenses    
Net income (loss) attributable to common stockholders $ 274,490 $ (436,740)
Net income (loss) per common share, basic (in dollars per share) $ 0.47 $ (0.81)
Net income (loss) per common share, diluted (in dollars per share) $ 0.47 $ (0.81)
Weighted average number of common shares outstanding - basic (in shares) 579,119 537,410
Weighted average number of common shares outstanding - diluted (in shares) 579,119 537,410
Class B Common Stock    
Expenses    
Net income (loss) attributable to common stockholders $ (28,271) $ (185,977)
Net income (loss) per common share, basic (in dollars per share) $ (0.23) $ (1.49)
Net income (loss) per common share, diluted (in dollars per share) $ (0.23) $ (1.49)
Weighted average number of common shares outstanding - basic (in shares) 125,000 125,000
Weighted average number of common shares outstanding - diluted (in shares) 125,000 125,000
Rooms    
Revenues    
Total revenues $ 22,342,543 $ 11,467,514
Expenses    
Costs 4,625,510 2,387,384
Food and beverage    
Revenues    
Total revenues 1,950,667 1,195,057
Expenses    
Costs 1,289,597 754,897
Other operating    
Revenues    
Total revenues $ 620,616 $ 428,909