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Assets and Liabilities Related to Real Estate Owned (Tables) | 9 Months Ended
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Sep. 30, 2022
Real Estate [Abstract] |
Schedule of Business Acquisitions | Below are the hotel's assets and liabilities as of September 30, 2022 on our condensed consolidated balance sheet ($ in thousands):
| September 30, 2022 |  |
Assets: |  |  |
Cash | $ | 5,858 |  |  |
Land | 58,742 |  |  |
Buildings | 86,973 |  |  |
Furniture, fixtures, and equipment | 8,811 |  |  |
Accumulated depreciation | (3,349) |  |  |
Other assets | 5,024 |  |  |
Total Assets | $ | 162,059 |  |  |
Liabilities: |  |  |
Accounts payable, accrued expenses and other liabilities | 6,116 |  |  |
Total Liabilities | $ | 6,116 |  |  |
Net Real Estate Assets | $ | 155,943 |  |  |
Real Estate Investment Financial Statements, Disclosure | For the three and nine months ended September 30, 2022 and 2021, we recorded the operating revenue, expenses and fixed asset depreciation and amortization in our condensed consolidated income statement as shown below ($ in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Operations related to real estate owned: |  |  |  |  |  |  |
Revenue from operations | $ | 14,428 |  |  | $ | 5,896 |  |  | $ | 42,098 |  |  | $ | 7,270 |
Operating expenses | (13,308) |  |  | (6,914) |  |  | (36,094) |  |  | (8,908) |
Depreciation and amortization | — |  |  | (1,096) |  |  | (704) |  |  | (1,548) |
Net income (loss) from real estate owned | $ | 1,120 |  |  | $ | (2,114) |  |  | $ | 5,300 |  |  | $ | (3,186) |

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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