| Summary of Indirect Hotel Operating Expenses |
Indirect hotel operating expenses consist of the following expenses incurred by the hotels:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
Sales and marketing |
|
$ |
15,942,062 |
|
|
$ |
16,079,144 |
|
|
$ |
16,095,696 |
|
General and administrative |
|
|
14,812,359 |
|
|
|
15,113,649 |
|
|
|
14,105,674 |
|
Repairs and maintenance |
|
|
8,558,585 |
|
|
|
9,070,165 |
|
|
|
8,634,637 |
|
Utilities |
|
|
6,737,987 |
|
|
|
6,149,994 |
|
|
|
5,873,095 |
|
Property taxes |
|
|
6,361,005 |
|
|
|
5,751,544 |
|
|
|
5,241,790 |
|
Management fees, including incentive |
|
|
4,536,703 |
|
|
|
4,767,469 |
|
|
|
4,659,261 |
|
Franchise fees |
|
|
4,131,054 |
|
|
|
4,286,432 |
|
|
|
4,271,435 |
|
Insurance |
|
|
6,655,393 |
|
|
|
6,347,150 |
|
|
|
5,842,930 |
|
Information and telecommunications |
|
|
3,804,604 |
|
|
|
4,010,693 |
|
|
|
3,779,019 |
|
Other |
|
|
872,410 |
|
|
|
1,270,782 |
|
|
|
1,126,187 |
|
Total indirect hotel operating expenses |
|
$ |
72,412,162 |
|
|
$ |
72,847,022 |
|
|
$ |
69,629,724 |
|
|