v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Total revenues $ 5,111,943 $ 5,846,974
Expenses    
Other property expenses 2,572,278 2,553,061
Property management fees to affiliates 153,310 175,662
Corporate general and administrative 310,441 284,776
Other fees to affiliates 246,370 233,113
Depreciation and amortization 954,594 1,091,161
Total expenses 5,836,340 6,044,148
Operating loss (724,397) (197,174)
Interest expense, net (1,084,750) (953,354)
Net loss before income taxes (1,809,147) (1,150,528)
Income tax (expense) benefit (1,600) 216,887
Net loss (1,810,747) (933,641)
Net income attributable to noncontrolling interest 49,154 252,679
Net loss attributable to common stockholders - basic (1,859,901) (1,186,320)
Class K Common Stock    
Expenses    
Net loss attributable to common stockholders - basic (1,180,863) (754,123)
Net loss attributable to common stockholders - diluted $ (1,180,863) $ (754,123)
Net loss per common share, basic (in dollars per share) $ (0.31) $ (0.19)
Net loss per common share, diluted (in dollars per share) $ (0.31) $ (0.19)
Weighted average number of common shares outstanding - basic (in shares) 3,854,833 3,882,650
Weighted average number of common shares outstanding - diluted (in shares) 3,854,833 3,882,650
Class K-I Common Stock    
Expenses    
Net loss attributable to common stockholders - basic $ (441,066) $ (273,416)
Net loss attributable to common stockholders - diluted $ (441,066) $ (273,416)
Net loss per common share, basic (in dollars per share) $ (0.31) $ (0.19)
Net loss per common share, diluted (in dollars per share) $ (0.31) $ (0.19)
Weighted average number of common shares outstanding - basic (in shares) 1,439,818 1,407,695
Weighted average number of common shares outstanding - diluted (in shares) 1,439,818 1,407,695
Class A Common Stock    
Expenses    
Net loss attributable to common stockholders - basic $ (178,105) $ (112,927)
Net loss attributable to common stockholders - diluted $ (178,105) $ (112,927)
Net loss per common share, basic (in dollars per share) $ (0.31) $ (0.19)
Net loss per common share, diluted (in dollars per share) $ (0.31) $ (0.19)
Weighted average number of common shares outstanding - basic (in shares) 581,410 581,410
Weighted average number of common shares outstanding - diluted (in shares) 581,410 581,410
Class B Common Stock    
Expenses    
Net loss attributable to common stockholders - basic $ (59,867) $ (45,854)
Net loss attributable to common stockholders - diluted $ (59,867) $ (45,854)
Net loss per common share, basic (in dollars per share) $ (0.48) $ (0.37)
Net loss per common share, diluted (in dollars per share) $ (0.48) $ (0.37)
Weighted average number of common shares outstanding - basic (in shares) 125,000 125,000
Weighted average number of common shares outstanding - diluted (in shares) 125,000 125,000
Rooms    
Revenues    
Total revenues $ 4,478,821 $ 5,214,341
Expenses    
Costs 1,241,255 1,367,983
Food and beverage    
Revenues    
Total revenues 359,861 359,086
Expenses    
Costs 358,092 338,392
Other operating    
Revenues    
Total revenues $ 273,261 $ 273,547