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Assets and Liabilities Related to Real Estate Owned (Tables) | 12 Months Ended
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Dec. 31, 2022
Real Estate [Abstract] |
Schedule of Business Acquisitions | Below are the hotel's assets and liabilities as of December 31, 2022 on our consolidated balance sheet ($ in thousands):
| December 31, 2022 |  |
Assets: |  |  |
Cash | $ | 5,677 |  |  |
Land | 58,742 |  |  |
Buildings | 87,021 |  |  |
Furniture, fixtures, and equipment | 9,053 |  |  |
Accumulated depreciation | (3,349) |  |  |
Other assets | 5,253 |  |  |
Total Assets | $ | 162,397 |  |  |
Liabilities: |  |  |
Accounts payable, accrued expenses and other liabilities | 6,493 |  |  |
Total Liabilities | $ | 6,493 |  |  |
Net Real Estate Assets | $ | 155,904 |  |  |
Real Estate Investment Financial Statements, Disclosure | For the years ended December 31, 2022 and 2021, we recorded the operating revenue, expenses and fixed asset depreciation and amortization in our consolidated income statement as shown below ($ in thousands):
|  |  | Year ended December 31,
|  |  |  |  | 2022 |  | 2021
Operations related to real estate owned: |  |  |  |  |  |  |
Revenue from operations |  |  |  |  | $ | 62,062 |  |  | $ | 18,917 |
Operating expenses |  |  |  |  | (52,368) |  |  | (19,923) |
Depreciation and amortization |  |  |  |  | (704) |  |  | (2,645) |
Net income (loss) from real estate owned |  |  |  |  | $ | 8,990 |  |  | $ | (3,651) |

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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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