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Investment in Hotel Properties, Net

6 Months Ended

Jun. 30, 2025

Real Estate [Abstract]

Investment in Hotel Properties, Net

3. Investment in Hotel Properties, Net

Investment in hotel properties, net as of June 30, 2025 and December 31, 2024 consisted of the following:

		June 30, 2025				December 31, 2024
Land and land improvements		$	61,483,688			$	61,370,250
Buildings and improvements			433,967,395				428,355,821
Right of use assets			3,678,133				3,727,805
Finance lease right of use assets			23,068,236				23,021,483
Furniture, fixtures and equipment			56,794,737				53,820,118
			578,992,189				570,295,477
Less: accumulated depreciation			(207,242,948	)			(197,918,851	)
Investment in Hotel Properties, Net		$	371,749,241			$	372,376,626

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

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