v3.26.1
Segment Reporting - Information about Company's Segment (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenue:        
Total revenue $ 8,899,581 $ 9,172,720 $ 14,051,294 $ 15,019,694
Operating expenses:        
Other property operating expenses 2,976,063 2,941,912 5,588,111 5,494,973
Property management fees to affiliates 265,989 275,311 419,299 450,973
Operating income 2,062,624 2,406,610 1,338,227 2,209,436
Interest expense, net (1,070,069) (1,001,140) (2,154,819) (1,954,494)
Income tax (expense) benefit (5,000) 7,732 (6,600) 224,619
Segment and consolidated net income (loss) 987,555 1,413,202 (823,192) 479,561
Rooms        
Revenue:        
Total revenue 7,624,728 8,089,157 12,103,549 13,303,498
Operating expenses:        
Costs 1,541,186 1,545,287 2,782,441 2,913,270
Food and beverage        
Revenue:        
Total revenue 811,931 705,152 1,171,792 1,064,238
Operating expenses:        
Costs 526,797 435,986 884,889 774,378
Single reporting segment        
Revenue:        
Total revenue 8,899,581 9,172,720 14,051,294 15,019,694
Operating expenses:        
Other property operating expenses 2,976,063 2,941,912 5,588,111 5,494,973
Property management fees to affiliates 265,989 275,311 419,299 450,973
Other segment expenses $ 1,526,922 $ 1,567,614 $ 3,038,327 $ 3,176,664
Segment Reporting, Other Segment Item, Composition, Description Other segment expenses include corporate general and administrative, other fees to affiliates and depreciation and amortization. Other segment expenses include corporate general and administrative, other fees to affiliates and depreciation and amortization. Other segment expenses include corporate general and administrative, other fees to affiliates and depreciation and amortization. Other segment expenses include corporate general and administrative, other fees to affiliates and depreciation and amortization.
Operating income $ 2,062,624 $ 2,406,610 $ 1,338,227 $ 2,209,436
Interest expense, net (1,070,069) (1,001,140) (2,154,819) (1,954,494)
Income tax (expense) benefit (5,000) 7,732 (6,600) 224,619
Segment and consolidated net income (loss) 987,555 1,413,202 (823,192) 479,561
Single reporting segment | Rooms        
Operating expenses:        
Costs 1,541,186 1,545,287 2,782,441 2,913,270
Single reporting segment | Food and beverage        
Operating expenses:        
Costs $ 526,797 $ 435,986 $ 884,889 $ 774,378