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Investment in Hotel Properties, Net (Tables)

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Schedule of Investment in Hotel Properties, Net

Investment in hotel properties, net as of March 31, 2021 and December 31, 2020 consisted of the following:

		March 31, 2021				December 31, 2020
Land and land improvements		$	66,088,705			$	66,088,705
Buildings and improvements			442,662,629				442,063,950
Right of use assets			6,044,973				5,995,438
Furniture, fixtures and equipment			55,851,072				55,796,797
			570,647,379				569,944,891
Less: accumulated depreciation and impairment			(146,966,521	)			(142,120,306	)
Investment in Hotel Properties, Net		$	423,680,858			$	427,824,585

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- Definition

Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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