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Commitments and License Rights
12 Months Ended
Dec. 31, 2020
Commitments and License Rights  
Commitments and License Rights

12. Commitments and License Rights

Commitments - The Company has commitments for the completion of construction at various properties totaling approximately $2,049,000 at December 31, 2020.

License Rights – As of December 31, 2020, the Company had license rights to operate three hotels using the Hilton trademark and two hotels using the Marriott trademark. Under the terms of the licenses, the Company is obligated to pay fees based on defined gross sales.