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Intangible Assets, net and Intangible Liabilities, net | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net and Intangible Liabilities, net | Intangible Assets, net and Intangible Liabilities, net Intangible assets, net and intangible liabilities, net consisted of the following (in thousands):
| Intangible Assets, net |  | Intangible Liabilities, net
| December 31, |  | December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost | $ | 797 |  |  | $ | 797 |  |  | $ | 2,723 |  |  | $ | 2,723 |
Accumulated amortization | — |  |  | — |  |  | (706) |  |  | (626) |
| $ | 797 |  |  | $ | 797 |  |  | $ | 2,017 |  |  | $ | 2,097 |
The intangible assets represent the acquisition of the permanent exclusive docking easement for riverfront land located in front of the Hyatt Savannah hotel in Savannah, Georgia. This intangible asset is not subject to amortization and has a carrying value of $797,000 as of December 31, 2023 and 2022. As of December 31, 2023 and 2022, intangible liabilities, net represents below market rate leases where the Company is the lessor. For the years ended December 31, 2023, 2022 and 2021 we recorded $80,000, $80,000, and $80,000, respectively, of other revenue related to leases where we are the lessor. Estimated future amortization for intangible liabilities for each of the next five years and thereafter is as follows (in thousands):
2024 |  | $ | 36 |
2025 |  | 32 |
2026 |  | 32 |
2027 |  | 32 |
2028 |  | 32 |
Thereafter |  | 1,853 |
Total |  | $ | 2,017 |

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