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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Total revenues $ 31,883,877 $ 29,980,254
Expenses    
Other property expenses 11,149,871 10,579,777
Property management fees to affiliates 956,558 899,516
Corporate general and administrative 1,260,039 1,409,838
Other fees to affiliates 908,599 865,230
Depreciation and amortization 4,289,600 4,104,607
Total expenses 26,197,001 25,303,765
Operating income 5,686,876 4,676,489
Gain on disposal of fixed assets   53,000
Interest expense, net (3,733,207) (2,939,204)
Gain (loss) on interest rate swap/cap 7,237 (183,370)
Net income before income taxes 1,960,906 1,606,915
Income tax benefit 106,253 149,374
Net income 2,067,159 1,756,289
Net income attributable to noncontrolling interest 526,756 482,117
Net income (loss) attributable to common stockholders - basic 1,540,403 1,274,172
Net income (loss) attributable to common stockholders - diluted 1,540,403 1,274,172
Class K Common Stock    
Expenses    
Net income (loss) attributable to common stockholders - basic 1,059,676 889,693
Net income (loss) attributable to common stockholders - diluted $ 1,059,676 $ 889,693
Net income (loss) per common share, basic (in dollars per share) $ 0.27 $ 0.23
Net income (loss) per common share, diluted (in dollars per share) $ 0.27 $ 0.23
Weighted average number of common shares outstanding - basic (in shares) 3,899,295 3,915,561
Weighted average number of common shares outstanding - diluted (in shares) 3,899,295 3,915,561
Class K-I Common Stock    
Expenses    
Net income (loss) attributable to common stockholders - basic $ 375,910 $ 308,223
Net income (loss) attributable to common stockholders - diluted $ 375,910 $ 308,223
Net income (loss) per common share, basic (in dollars per share) $ 0.27 $ 0.23
Net income (loss) per common share, diluted (in dollars per share) $ 0.27 $ 0.23
Weighted average number of common shares outstanding - basic (in shares) 1,383,153 1,356,473
Weighted average number of common shares outstanding - diluted (in shares) 1,383,153 1,356,473
Class K-T Common Stock    
Expenses    
Net income (loss) attributable to common stockholders - basic $ 339 $ 3,243
Net income (loss) attributable to common stockholders - diluted $ 339 $ 3,243
Net income (loss) per common share, basic (in dollars per share) $ 0.27 $ 0.23
Net income (loss) per common share, diluted (in dollars per share) $ 0.27 $ 0.23
Weighted average number of common shares outstanding - basic (in shares) 1,251 14,238
Weighted average number of common shares outstanding - diluted (in shares) 1,251 14,238
Class A Common Stock    
Expenses    
Net income (loss) attributable to common stockholders - basic $ 158,007 $ 132,110
Net income (loss) attributable to common stockholders - diluted $ 158,007 $ 132,110
Net income (loss) per common share, basic (in dollars per share) $ 0.27 $ 0.23
Net income (loss) per common share, diluted (in dollars per share) $ 0.27 $ 0.23
Weighted average number of common shares outstanding - basic (in shares) 581,410 581,410
Weighted average number of common shares outstanding - diluted (in shares) 581,410 581,410
Class B Common Stock    
Expenses    
Net income (loss) attributable to common stockholders - basic $ (53,529) $ (59,097)
Net income (loss) attributable to common stockholders - diluted $ (53,529) $ (59,097)
Net income (loss) per common share, basic (in dollars per share) $ (0.43) $ (0.47)
Net income (loss) per common share, diluted (in dollars per share) $ (0.43) $ (0.47)
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 $ 28,130,637 $ 26,406,988
Expenses    
Costs 6,018,897 5,842,776
Food and beverage    
Revenues    
Total revenues 2,359,189 2,464,385
Expenses    
Costs 1,613,437 1,602,021
Other operating    
Revenues    
Total revenues $ 1,394,051 $ 1,108,881