CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Assets
Investment in hotel properties, net of accumulated depreciation of $2,074,113 and $1,255,712	$ 101,975,846	$ 65,408,308
Cash and cash equivalents	7,934,605	10,898,556
Restricted cash	4,689,155	5,275,815
Accounts receivable, net	96,509	107,976
Franchise fees, net	1,005,718	721,690
Prepaid expenses and other assets	1,860,521	1,623,584
Total Assets	117,562,354	84,035,929
Liabilities and Equity
Debt, net	69,018,909	40,980,632
Accounts payable	683,677	543,669
Accrued expenses	1,435,884	925,265
Due to related parties	338,883	966,379
Other liabilities	301,765	434,974
Total liabilities	71,779,118	43,850,919
Commitments and contingencies (See Note 10)
Equity
Preferred stock, $0.01 par value, 100,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.01 par value, 900,000,000 shares authorized; 6,996,670 and 6,005,743 shares issued and outstanding	69,966	60,057
Additional paid-in capital	68,659,011	58,961,101
Accumulated deficit	(22,376,292)	(18,396,163)
Total stockholders' equity	46,352,685	40,624,995
Non-controlling interest	(569,449)	(439,985)
Total equity	45,783,236	40,185,010
Total Liabilities and Equity	$ 117,562,354	$ 84,035,929