Moody National REIT II (MNRTII) 10-K 29 Mar 22 2021 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 06, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-55778
Entity Registrant Name	MOODY NATIONAL REIT II, INC.
Entity Central Index Key	0001615222
Entity Tax Identification Number	47-1436295
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	9655 Katy Freeway
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77024
City Area Code	713
Local Phone Number	977-7500
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	true
Entity Shell Company	false
Entity Public Float			$ 13,635,429
Entity Common Stock, Shares Outstanding		13,000,645
Auditor Name	Frazier & Deeter, LLC
Auditor Location	Atlanta, Georgia
Auditor Firm ID	215

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Investments in hotel properties, net	$ 412,972,000	$ 427,801,000
Cash and cash equivalents	6,049,000	4,642,000
Restricted cash	13,232,000	5,860,000
Investment in marketable securities	0	2,037,000
Accounts receivable, net of allowance for doubtful accounts of $35 at December 31, 2021 and 2020	1,015,000	568,000
Prepaid expenses and other assets	2,890,000	2,903,000
Deferred franchise costs, net of accumulated amortization of $383 and $300 at December 31, 2021 and 2020, respectively	684,000	767,000
Total Assets	436,842,000	444,578,000
Liabilities:
Notes payable, net of unamortized debt issuance costs of $1,937 and $2,614 as of December 31, 2021 and 2020, respectively	239,739,000	237,516,000
Notes payable to related party	28,474,000
Accounts payable and accrued expenses	14,128,000	17,360,000
Due to related parties, net	953,000	8,340,000
Dividends payable	70,000	70,000
Total Liabilities	283,364,000	263,286,000
Special Limited Partnership Interests	1,000	1,000
Stockholders’ equity:
Preferred stock, $0.01 par value per share; 100,000 shares authorized; no shares issued and outstanding
Common stock, $0.01 par value per share; 1,000,000 shares authorized, 13,640 and 13,630 shares issued and outstanding at December 31, 2021 and 2020, respectively	136,000	136,000
Additional paid-in capital	305,562,000	305,446,000
Accumulated deficit	(154,983,000)	(127,686,000)
Total stockholders’ equity	150,715,000	177,896,000
Noncontrolling interests in Operating Partnership	2,762,000	3,395,000
Total Equity	153,477,000	181,291,000
TOTAL LIABILITIES AND EQUITY	$ 436,842,000	$ 444,578,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 35	$ 35
Accumulated amortization, deferred franchise costs	383	300
Unamortized debt issuance costs, note payable	$ 1,937	$ 2,614
Preferred stock, par value (in dollars per share)	$ 0.01
Preferred stock, authorized	100,000	100,000
Preferred stock, issued	0	0
Preferred stock, outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	1,000,000	1,000,000
Common stock, issued	13,640	13,640
Common stock, outstanding	13,630	13,630

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue
Total hotel revenue	$ 56,617,000	$ 39,393,000
Interest and dividend income	1,000	10,000
Total revenue	56,618,000	39,403,000
Expenses
Hotel operating expenses	41,290,000	33,494,000
Property taxes, insurance and other	6,102,000	6,969,000
Depreciation and amortization	15,482,000	15,391,000
Corporate general and administrative	6,675,000	6,505,000
Total expenses	69,549,000	62,359,000
Operating loss	(12,931,000)	(22,956,000)
Other expenses (income)
Interest expense and amortization of debt issuance costs	15,168,000	12,060,000
Loss on sale of marketable securities	245,000	676,000
Unrealized (gain) loss on change in fair value of investment in marketable securities	(397,000)	629,000
Total other expenses	15,016,000	13,365,000
Loss before income tax expense	(27,947,000)	(36,321,000)
Income tax (benefit) expense	(17,000)	107,000
Net loss	(27,930,000)	(36,428,000)
Net loss attributable to noncontrolling interests in Operating Partnership	633,000	828,000
Net loss attributable to common stockholders	$ (27,297,000)	$ (35,600,000)
Per-share information – basic and diluted:
Net loss attributable to common stockholders	$ (2)	$ (2.62)
Dividends declared	$ 0	$ 0.28
Weighted average common shares outstanding	13,636	13,581
Occupancy [Member]
Revenue
Total hotel revenue	$ 53,129,000	$ 36,637,000
Hotel, Other [Member]
Revenue
Total hotel revenue	$ 3,488,000	$ 2,756,000

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]
Balance at December 31, 2020 at Dec. 31, 2019	$ 213,116	$ 0	$ 133	$ 296,928	$ (88,258)	$ 4,313
Balance at beginning (in shares) at Dec. 31, 2019		0	13,251,000
Balance at beginning (in shares) at Dec. 31, 2019						316,000
Issuance of common stock, net of offering costs	9,730		$ 4	9,726
Issuance of common stock, net of offering costs (in shares)			440,000
Redemption of common stock	(2,748)		$ (1)	(2,747)
Redemption of common stock (in shares)			(120,000)
Issuance of common stock pursuant to dividend reinvestment plan	1,392			1,392
Issuance of common stock pursuant to dividend reinvestment plan (in shares)			59,000
Stock-based compensation	147			147
Net loss	(36,428)				(35,600)	(828)
Dividends and distributions declared	(3,918)				(3,828)	(90)
Balance at December 31, 2021 at Dec. 31, 2020	181,291	$ 0	$ 136	305,446	(127,686)	$ 3,395
Balance at end (in shares) at Dec. 31, 2020		0	13,630,000
Balance at end (in shares) at Dec. 31, 2020						316,000
Stock-based compensation	116			116
Net loss	(27,930)				(27,297)	(633)
Stock based compensation (in shares)			10,000
Balance at December 31, 2021 at Dec. 31, 2021	$ 153,477	$ 0	$ 136	$ 305,562	$ (154,983)	$ 2,762
Balance at end (in shares) at Dec. 31, 2021		0	13,640,000
Balance at end (in shares) at Dec. 31, 2021	316,037					316,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities
Net loss	$ (27,930,000)	$ (36,428,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	15,482,000	15,391,000
Amortization of debt issuance costs	677,000	679,000
Loss on sale of marketable securities	245,000	676,000
Unrealized (gain) loss on change in fair value of investment in marketable securities	(397,000)	629,000
Stock-based compensation	117,000	147,000
Changes in operating assets and liabilities:
Accounts receivable	(447,000)	198,000
Prepaid expenses and other assets	13,000	238,000
Accounts payable and accrued expenses	(3,233,000)	7,255,000
Due to (from) related parties	(7,386,000)	7,052,000
Net cash used in operating activities	(22,859,000)	(4,163,000)
Cash flows from investing activities
Investment in marketable securities		(962,000)
Proceeds from the sale of marketable securities	2,188,000	3,556,000
Improvements and additions to hotel properties	(570,000)	(2,084,000)
Net cash provided by investing activities	1,618,000	510,000
Cash flows from financing activities
Proceeds from issuance of common stock		10,259,000
Redemptions of common stock		(2,748,000)
Offering costs paid		(102,000)
Dividends paid		(4,404,000)
Operating partnership distributions paid		(138,000)
Proceeds from notes payable	7,500,000
Repayment of notes payable	(5,954,000)	(1,766,000)
Proceeds of notes payable to related party	35,042,000
Repayment of notes payable to related party	(6,568,000)	(2,894,000)
Net cash provided by (used in) financing activities	30,020,000	(1,793,000)
Net change in cash, cash equivalents and restricted cash	8,779,000	(5,446,000)
Cash, cash equivalents and restricted cash at beginning of year	10,502,000	15,948,000
Cash, cash equivalents and restricted cash at end of year	19,281,000	10,502,000
Supplemental Disclosure of Cash Flow Activity
Interest paid	17,655,000	6,081,000
Income tax paid	141,000	2,000
Supplemental Disclosure of Non-Cash Financing Activity
Increase in accrued offering costs due to related party		427,000
Issuance of common stock from dividend reinvestment plan		1,393,000
Dividends payable	$ 70,000	$ 70,000

Organization

Organization	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. Organization As discussed in Note 5, “Equity,” Moody National REIT II, Inc. (the “Company”) was initially capitalized by Moody National REIT Sponsor, LLC (the “Sponsor”). The Company’s fiscal year end is December 31. As of December 31, 2021, the Company owned interests in fifteen hotel properties located in six states comprising a total of 2,123 On January 20, 2015, the Securities and Exchange Commission (the “SEC”) declared the Company’s registration statement on Form S-11 effective, and the Company commenced its initial public offering of up to $ 1.1 1.0 100.0 On June 26, 2017, the Company reallocated the Company’s shares of common stock as Class A common stock, $ 0.01 0.01 0.01 0.01 provided, however On January 18, 2018, the Company filed a registration statement on Form S-11 (Registration No. 333-222610) registering $ 990.0 million The Company’s follow-on public offering was terminated (including pursuant to the DRP) effective as of March 25, 2020 due to the impact that the COVID-19 pandemic is having and is expected to continue to have in the Company’s hotel properties. The Company accepted investors’ subscriptions for and issued an aggregate of 10.2 567,000 234.6 4.1 352,000 87.2 The Company’s advisor is Moody National Advisor II, LLC (the “Advisor”), a Delaware limited liability company and an affiliate of the Sponsor. Pursuant to an advisory agreement among the Company, the OP (defined below) and the Advisor (the “Advisory Agreement”), and subject to certain restrictions and limitations therein, the Advisor is responsible for managing the Company’s affairs on a day-to-day basis and for identifying and making acquisitions and investments on behalf of the Company. Substantially all of the Company’s business is conducted through Moody National Operating Partnership II, LP, a Delaware limited partnership (the “OP”). The Company is the sole general partner of the OP. The initial limited partners of the OP were Moody OP Holdings II, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Company (“Moody Holdings II”), and Moody National LPOP II, LLC (“Moody LPOP II”), an affiliate of the Advisor. Moody Holdings II initially invested $ 1,000 1,000 COVID-19 Pandemic The global COVID-19 pandemic has had, and is expected to continue to have, a significant adverse effect on the Company’s financial condition and operating results. Since its discovery in December 2019, COVID-19 has spread globally, including to every state in the United States. The spread of COVID-19 has been declared a pandemic by the World Health Organization and in the United States the Health and Human Services Secretary has declared a public health emergency with respect to COVID-19 Although vaccines for COVID-19 are being made available to the general public in the United States and around the world, it will take time for the distribution of vaccines to materially affect the spread of the virus and the outbreak could have a continued adverse impact on economic and market conditions despite the distribution of vaccines. The length and severity of the pandemic will be worsened to the extent that a significant portion of the population, in the United States and globally, is reluctant to be vaccinated, fails to complete required multi-step vaccination protocol or is unable to become vaccinated due to shortages in vaccine supply or suspensions in the distribution of vaccines due to safety concerns or other issues. The length of the pandemic is also dependent upon the degree to which more contagious variants of the virus continue to spread, particularly among areas of the country in which overall full vaccination rates are relatively low, and overall rates of new COVID-19 cases continue to rise. Further, new and worsening outbreaks of COVID-19 in other countries may impact global vaccine supplies and lead to the emergence of new variants of the virus which are more contagious, more deadly or against which currently available vaccines are less effective. COVID-19 has dramatically reduced travel, which has had an unprecedented adverse impact on the hotel industry. As a result, the COVID-19 pandemic has had, and is expected to continue to have, a significant adverse effect on the operating results of the Company’s hotel properties, which depend primarily upon revenues driven by business and leisure travel, and on the Company’s business, financial performance and operating results. Since March 2020, the Company has experienced a significant decline in bookings, occupancy and revenues across the Company’s hotel properties, which the Company expects to continue for an indefinite period of time. The Company’s hotel properties have operated at a property net operating loss since the outbreak of COVID-19, which has had an adverse impact on the Company’s results of operations and cash flow from operations. In addition, the Company has reduced certain services and amenities at the Company’s hotel properties. Although all of the Company’s hotel properties are currently open and operational, the Company may be required, or elect, to temporarily suspend operations at one or more of the Company’s hotel properties in the future depending on the length and severity of the COVID-19 pandemic and its related effects. If operations at any of the Company’s hotel properties are suspended, the Company cannot give any assurance as to when operations at such hotel properties will resume at a full or reduced level. Each of the Company’s hotel properties is subject to a mortgage loan secured by the Company’s ownership interest in the property. If the Company is unable to service the mortgage loan secured by a hotel property due to decreased revenues generated by such property, the lender with respect to such mortgage loan may initiate foreclosure procedures with respect to the property or initiate other available remedies. As of the date of this Annual Report, the Company is current with respect to the payments due under the mortgage loans secured by the Company’s hotel properties or is in compliance with modified the terms of certain mortgage loans as agreed to with the lenders and other accommodations. As discussed in Note 4, “Debt,” certain of the Company’s lenders have agreed to limited loan modifications, including temporary deferrals of interest and principal payments and agreements to forebear the enforcement of default remedies available under the terms of the loan documents. As of the date of this Annual Report, no lenders have accelerated the maturity of any of the loans secured by the Company’s properties or initiated foreclosure procedures with respect to any of the Company’s properties. In accordance with local government recommendations and guidance, many of the employees of the Advisor have been working remotely since March 2020. Although the Advisor has implemented protocols for remote work and is leveraging technology to ensure that its employees remain connected and productive, there can be no guarantee that such work conditions will not have an adverse impact on the ability of the Advisor to effectively perform its duties. In response to the COVID-19 pandemic, the Company terminated its public offering of common stock (including pursuant to the DRP), effective as of March 2020. The Company is not currently raising capital through the sale of its securities and the Company does not intend to begin to do so in the near term. The Company has also indefinitely suspended the payment of distributions to stockholders effective as of March 2020 and the operation of the Company’s share repurchase program effective as of April 2020. The Board and the Company’s management continue to evaluate the Company’s financial condition and the overall economic environment to determine if and when the Company will seek to resume raising capital, resume the payment of distributions and reinstate the Company’s share repurchase program. Specifically, the Board, in consultation with management, will continue to monitor the Company’s operations and intends to resume distributions at a time and level determined to be prudent in relation to the Company’s other cash requirements or in order to maintain the Company’s REIT status for federal income tax purposes. However, it is impossible to predict if or when the Company will be able to resume the payment of distributions or return to normal operations. The COVID-19 pandemic is a continually evolving situation that presents material uncertainty and risk. The extent and duration of the impacts of COVID-19 on the Company’s business, financial condition, results of operations and cash flows is dependent on future developments that are highly uncertain and cannot be accurately predicted at this time, including without limitation the scope, severity and duration of the pandemic, the extent and effectiveness of the actions taken to contain the pandemic or mitigate its impact, the speed of the development and distribution of vaccines for COVID-19 and the efficacy, and availability of such vaccines, the extent to which the general population is willing to be vaccinated, the effectiveness of currently available vaccines against emerging variants of COVID-19, the potential for hotel closures that may be mandated or advisable, whether based on increased COVID-19 cases, new variants or other factors, the reduction or reversal of previously implemented containment measures in certain states and cities, and the direct and indirect economic effects of the pandemic. As a result, the Company cannot provide an estimate of the overall impact of COVID-19 on the Company’s business, financial condition, results of operations and cash flows or when, if at all, the Company will be able to resume pre-COVID-19 levels of operations.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The Company’s consolidated financial statements include its accounts and the accounts of its subsidiaries over which it has control. All intercompany balances and transactions are eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Organization and Offering Costs Organization and offering costs of the Company are paid directly by the Company or incurred by the Advisor on behalf of the Company. Pursuant to the Advisory Agreement between the Company and the Advisor, the Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs incurred by the Advisor associated with each of the Company’s public offerings, provided that within 60 days of the last day of the month in which a public offering ends, the Advisor is obligated to reimburse the Company to the extent aggregate organization and offering costs incurred by the Company in connection with the completed public offering exceed 15.0% of the gross offering proceeds from the sale of the Company’s shares of common stock in the completed public offering. Such organization and offering costs include selling commissions and dealer manager fees paid to a dealer manager, legal, accounting, printing and other offering expenses, including marketing, salaries and direct expenses of the Advisor’s employees and employees of the Advisor’s affiliates and others. Any reimbursement of the Advisor or its affiliates for organization and offering costs will not exceed actual expenses incurred by the Advisor. The Company’s organization and offering costs incurred in connection with the Company’s initial public offering did not exceed 15 All offering costs, including selling commissions and dealer manager fees, are recorded as an offset to additional paid-in-capital, and all organization costs are recorded as an expense when the Company has an obligation to reimburse the Advisor. As of December 31, 2021, total offering costs for the initial public offering and the follow-on offering were $ 21.1 million 12.3 million 8.8 million 18.4 million 12.3 million 6.1 million 2.7 million 0 2.7 million 0 Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with the taxable year ended December 31, 2016. The Company did not meet all of the qualifications to be a REIT under the Internal Revenue Code for the years ended December 31, 2015 and 2014, including not having 100 Provided that the Company continues to qualify as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes its REIT taxable income to its stockholders, so long as it distributes at least 90 The Company accounts for income taxes of its TRS using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period prior to when the new rates become effective. The Company records a valuation allowance for net deferred tax assets that are not expected to be realized. The Company has reviewed tax positions under GAAP guidance that clarify the relevant criteria and approach for the recognition and measurement of uncertain tax positions. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken, or expected to be taken, in a tax return. A tax position may only be recognized in the consolidated financial statements if it is more likely than not that the tax position will be sustained upon examination. The Company had no material uncertain tax positions as of December 31, 2021. The preparation of the Company’s various tax returns requires the use of estimates for federal and state income tax purposes. These estimates may be subjected to review by the respective taxing authorities. A revision to an estimate may result in an assessment of additional taxes, penalties and interest. At this time, a range in which the Company’s estimates may change is not expected to be material. The Company will account for interest and penalties relating to uncertain tax positions in the current period results of operations, if necessary. The Company has tax years 2017 through 2021 remaining subject to examination by various federal and state tax jurisdictions. For more information, see Note 10, “Income Taxes.” Fair Value Measurement Fair value measures are classified into a three-tiered fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets. Level 2: Directly or indirectly observable inputs, other than quoted prices in active markets. Level 3: Unobservable inputs in which there is little or no market data, which require a reporting entity to develop its own assumptions. Assets and liabilities measured at fair value are based on one or more of the following valuation techniques: Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. Cost approach: Amount required to replace the service capacity of an asset (replacement cost). Income approach: Techniques used to convert future income amounts to a single amount based on market expectations (including present-value, option-pricing, and excess-earnings models). The Company’s estimates of fair value were determined using available market information and appropriate valuation methods. Considerable judgment is necessary to interpret market data and develop estimated fair value. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts. The Company classifies assets and liabilities in the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The Company has elected the fair value option in recording its investment in marketable securities whereby unrealized holding gains and losses on available-for-sale securities are included in earnings. With the exception of the Company’s fixed-rate notes payable, the carrying amounts of other financial instruments, which include cash and cash equivalents, restricted cash, accounts receivable, notes receivable, notes payable, and accounts payable and accrued expenses, approximate their fair values due to their short-term nature. For the fair value of the Company’s notes payable, see Note 4, “Debt.” Concentration of Risk As of December 31, 2021, the Company had cash and cash equivalents and restricted cash deposited in certain financial institutions in excess of federally insured levels. The Company diversifies its cash and cash equivalents with several banking institutions in an attempt to minimize exposure to any one of these institutions. The Company regularly monitors the financial stability of these financial institutions and believes that it is not exposed to any significant credit risk in cash and cash equivalents or restricted cash. The Company is exposed to geographic risk in that nine of its fifteen hotel properties are located in one state, Texas. Valuation and Allocation of Hotel Properties — Acquisition Upon acquisition, the purchase price of hotel properties is allocated to the tangible assets acquired, consisting of land, buildings and furniture, fixtures and equipment, any assumed debt, identified intangible assets and asset retirement obligations, if any, based on their fair values. Acquisition costs are charged to expense as incurred. Initial valuations are subject to change during the measurement period, but the measurement period ends as soon as the information is available. The measurement period shall not exceed one year from the acquisition date. Land values are derived from appraisals and building values are calculated as replacement cost less depreciation or estimates of the relative fair value of these assets using discounted cash flow analyses or similar methods. The value of furniture, fixtures and equipment is based on their fair value using replacement costs less depreciation. Any difference between the fair value of the hotel property acquired and the purchase price of the hotel property is recorded as goodwill or gain on acquisition of hotel property. The Company determines the fair value of any assumed debt by calculating the net present value of the scheduled mortgage payments using interest rates for debt with similar terms and remaining maturities that the Company believes it could obtain at the date of acquisition. Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining life of the loan as interest expense. In allocating the purchase price of each of the Company’s properties, the Company makes assumptions and uses various estimates, including, but not limited to, the estimated useful lives of the assets, the cost of replacing certain assets and discount rates used to determine present values. The Company uses Level 3 inputs to value acquired properties. Many of these estimates are obtained from independent third-party appraisals. However, the Company is responsible for the source and use of these estimates. These estimates require judgment and are subject to being imprecise; accordingly, if different estimates and assumptions were derived, the valuation of the various categories of the Company’s hotel properties or related intangibles could in turn result in a difference in the depreciation or amortization expense recorded in the Company’s consolidated financial statements. These variances could be material to the Company’s results of operations and financial condition. Valuation and Allocation of Hotel Properties — Ownership Investment in hotel properties is recorded at cost less accumulated depreciation. Major improvements that extend the life of an asset are capitalized and depreciated over a period equal to the shorter of the life of the improvement or the remaining useful life of the asset. The costs of ordinary repairs and maintenance are charged to expense when incurred. Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: Estimated Useful Lives (years) Buildings and improvements 39 40 Exterior improvements 10 20 Furniture, fixtures and equipment 5 10 Impairments The Company monitors events and changes in circumstances indicating that the carrying amount of a hotel property may not be recoverable. When such events or changes in circumstances are present, the Company assesses potential impairment by comparing estimated future undiscounted cash flows expected to be generated over the life of the asset from operating activities and from its eventual disposition, to the carrying amount of the asset. In the event that the carrying amount exceeds the estimated future undiscounted cash flows, the Company recognizes an impairment loss to adjust the carrying amount of the asset to estimated fair value for assets held for use and fair value less costs to sell for assets held for sale. There were no such impairment losses for the years ended December 31, 2021 and 2020. In evaluating a hotel property for impairment, the Company makes several estimates and assumptions, including, but not limited to, the projected date of disposition of the property, the estimated future cash flows of the property during the Company’s ownership and the projected sales price of the property. A change in these estimates and assumptions could result in a change in the estimated undiscounted cash flows or fair value of the Company’s hotel property which could then result in different conclusions regarding impairment and material changes to the Company’s consolidated financial statements. Revenue Recognition Hotel revenues, including room, food, beverage and other ancillary revenues, are recognized as the related services are delivered. Revenue is recorded net of any sales and other taxes collected from customers. Interest income is recognized when earned. Amounts received prior to guest arrival are recorded as advances from the customer and are recognized at the time of occupancy. Cash and Cash Equivalents Cash and cash equivalents represent cash on hand or held in banks and short-term investments with an initial maturity of years or less at the date of purchase. Restricted Cash Restricted cash includes reserves for property taxes, as well as reserves for property improvements, replacement of furniture, fixtures, and equipment and debt service, as required by certain management or mortgage and term debt agreements restrictions and provisions. Investment in Marketable Securities Investment in marketable securities of $ 0 2.0 million 397,000 629,000 245,000 676,000 Dividend income is recognized when earned. For the years ended December 31, 2021 and 2020, dividend income of $ 1,000 9,000 Accounts Receivable The Company takes into consideration certain factors that require judgments to be made as to the collectability of receivables. Collectability factors taken into consideration are the amounts outstanding, payment history and financial strength of the customer, which, taken as a whole, determines the valuation. Ongoing credit evaluations are performed and an allowance for potential credit losses is provided against the portion of accounts receivable that is estimated to be uncollectible. Deferred Franchise Costs Deferred franchise costs are recorded at cost and amortized over the term of the respective franchise contract on a straight-line basis. Accumulated amortization of deferred franchise costs was $ 383 300 Expected future amortization of deferred franchise costs as of December 31, 2021 is as follows (in thousands): Years Ending December 31, 2022 $ 82 2023 77 2024 77 2025 77 2026 76 Thereafter 295 Total $ 684 Debt Issuance Costs Debt issuance costs are presented as a direct deduction from the carrying value of the notes payable on the consolidated balance sheets. Debt issuance costs are amortized as a component of interest expense over the term of the related debt using the straight-line method, which approximates the interest method. Accumulated amortization of debt issuance costs was $ 5.4 million 4.7 million Years Ending December 31, 2022 $ 677 2023 632 2024 440 2025 154 2026 34 Total $ 1,937 Earnings (Loss) per Share Earnings (loss) per share (“EPS”) is calculated based on the weighted average number of shares outstanding during each period. Basic and diluted EPS are the same for all periods presented. Non-vested shares of restricted common stock totaling 5,000

Investment in Hotel Properties

Investment in Hotel Properties	12 Months Ended
	Dec. 31, 2021
Real Estate [Abstract]
Investment in Hotel Properties	3. Investment in Hotel Properties The following table sets forth summary information regarding the Company’s investment in hotel properties as of December 31, 2021 (all $ amounts in thousands): Property Name Date Acquired Location Ownership Interest Original Purchase Price (1) Rooms Mortgage Debt Outstanding (2) Residence Inn Austin October 15, 2015 Austin, Texas 100 % $ 27,500 112 $ 15,757 Springhill Suites Seattle May 24, 2016 Seattle, Washington 100 % 74,100 234 42,634 Homewood Suites Woodlands September 27, 2017 (5) The Woodlands, Texas 100 % 17,356 91 8,594 Hyatt Place Germantown September 27, 2017 (5) Germantown, Tennessee 100 % 16,074 127 6,524 Hyatt Place North Charleston September 27, 2017 (5) North Charleston, South Carolina 100 % 13,806 113 6,730 Hampton Inn Austin September 27, 2017 (5) Austin, Texas 100 % 19,328 123 10,073 Residence Inn Grapevine September 27, 2017 (5) Grapevine, Texas 100 % 25,245 133 11,625 Marriott Courtyard Lyndhurst September 27, 2017 (5) Lyndhurst, New Jersey (3 ) 39,547 227 18,420 Hilton Garden Inn Austin September 27, 2017 (5) Austin, Texas 100 % 29,288 138 17,564 Hampton Inn Great Valley September 27, 2017 (5) Frazer, Pennsylvania 100 % 15,285 125 7,617 Embassy Suites Nashville September 27, 2017 (5) Nashville, Tennessee 100 % 82,207 208 39,660 Homewood Suites Austin September 27, 2017 (5) Austin, Texas 100 % 18,835 96 10,311 Townplace Suites Fort Worth September 27, 2017 (5) Fort Worth, Texas (4 ) 11,242 95 5,783 Hampton Inn Houston September 27, 2017 (5) Houston, Texas 100 % 9,958 119 4,181 Residence Inn Houston Medical Center April 29, 2019 Houston, Texas 100 % 52,000 182 28,703 Totals $ 451,771 2,123 $ 234,176 (1) Excludes closing costs and includes gain on acquisition. (2) As of December 31, 2021. (3) The Marriott Courtyard Lyndhurst is owned by MN Lyndhurst Venture, LLC, of which the OP is a member and holds 100% (4) The Townplace Suites Fort Worth is owned by MN Fort Worth Venture, LLC, of which the OP is a member and holds 100% (5) Property acquired on September 27, 2017 as a result of the merger of Moody National REIT I, Inc. (“Moody I”) with and into the Company (the “Merger”) and the merger of Moody National Operating Partnership I, L.P., the operating partnership of Moody I (“Moody I OP”), with and into the OP (the “Partnership Merger,” and together with the Merger, the “Mergers”). Investment in hotel properties consisted of the following at December 31, 2021 and 2020 (in thousands): December 31, 2021 2020 Land $ 76,936 $ 76,936 Buildings and improvements 338,729 338,729 Furniture, fixtures and equipment 60,725 60,155 Total cost 476,390 475,820 Accumulated depreciation (63,418 ) (48,019 ) Investment in hotel properties, net $ 412,972 $ 427,801

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	4. Debt The Company’s aggregate borrowings are reviewed by the Board at least quarterly. Under the Company’s Articles of Amendment and Restatement (as amended, the “Charter”), the Company is prohibited from borrowing in excess of 300 300 300 As of December 31, 2021 and 2020, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands): Loan Principal Principal Interest Maturity Date Loan Modifications Residence Inn Austin $ 15,757 $ 16,169 4.580 % November 1, 2025 Lender forbore the collection of 75 1.1 million 25 Springhill Suites Seattle 42,634 43,856 4.380 % October 1, 2026 Three months deferral of interest and principal payments from June to August, 2020. Four months interest only payments from September to December, 2020. Homewood Suites Woodlands 8,594 8,759 4.690 % April 11, 2025 Hyatt Place Germantown 6,524 6,755 4.300 % May 6, 2023 Deferral of thirteen months of interest and principal payments from September 2020 to September 2021 and eighteen months deferral escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 1.42 million Hyatt Place North Charleston 6,730 6,873 5.193 % August 1, 2023 Payment of $ 100,000 Hampton Inn Austin 10,073 10,359 5.426 % January 6, 2024 Deferral of thirteen months of interest and principal payments from September 2020 to September 2021 and eighteen months of deferral escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 1.99 million Residence Inn Grapevine 11,625 12,016 5.250 % April 6, 2024 Deferral of nine months of interest and principal payments from January 2021 to September 2021 and sixteen months deferral of escrow payments for tax, insurance and hotel furniture and fixtures from June 2020 to September 2021 totaled $ 2.35 million 1.41 million 940,0000 Marriott Courtyard Lyndhurst 18,420 18,833 4.700 % September 27, 2024 Six months payment of interest only from April to September, 2020 Hilton Garden Inn Austin 17,564 17,997 4.530 % December 11, 2024 Deferral of eighteen months of interest and principal payments and escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 3.98 million 1.69 million 2.36 million Hampton Inn Great Valley 7,617 7,804 4.700 % April 11, 2025 Deferral of sixteen months of interest and principal payments and escrow payments for tax, insurance and hotel furniture and fixtures from June 2020 to September 2021 totaled $ 1.75 million 729,000 1.02 million Embassy Suites Nashville 39,660 41,057 4.2123 % July 11, 2025 April to July 2020 payment of principal and interest deferred. August 2020 to December 2020 interest only. Special servicer fee of $ 205,285 Homewood Suites Austin 10,311 10,541 4.650 % August 11, 2025 Deferral of seventeen months of interest and principal payments from May 2020 to September 2021 and eighteen months deferral of escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 2.73 million 1.14 million 1.59 million Townplace Suites Fort Worth 5,783 5,915 4.700 % September 27, 2024 April 2020 payment was interest only. Six-month deferral of principal from April to September 2020. Two months deferral of interest payments for May and June, 2020.Three months interest only payments from July to September, 2020. Hampton Inn Houston 4,181 4,342 5.250 % April 28, 2023 Seven-month deferral of principal and interest payments for payments due March 28, 2020 through September 28, 2020. Six months interest only for payments due October 28, 2020 through March 28, 2021 Residence Inn Houston Medical Center 28,703 28,854 5.000 % October 1, 2024 Deferral of principal and interest payments for six months from April to September, 2020. Interest only payments for an additional twelve months from October 2020 to September 2021 U.S. Small Business Administration Economic Injury Disaster Loans 7,500 — 3.750 % November 2051 Total notes payable 241,676 240,130 Less unamortized debt issuance costs (1,937 ) (2,614 ) Total notes payable, net of unamortized debt issuance costs $ 239,739 $ 237,516 Monthly payments of principal and interest are due and payable until the maturity date. Scheduled maturities of the Company’s notes payable as of December 31, 2021 are as follows (in thousands): Years ending December 31, 2022 $ 5,091 2023 21,602 2024 90,703 2025 77,672 2026 39,140 Thereafter 7,468 Total $ 241,676 Economic Injury Disaster Loans The Company entered into fifteen Loans (“Loans”) of $ 500,000 30 years 3.75 Notes Payable to Related Party On March 30, 2021, Moody National Capital, LLC (“Moody Capital”), an affiliate of the Company, loaned the Company $ 8.0 million 2.0 million 10.0 million March 29, 2024 two 4.75 6.75 10.0 million Also, from April 2021 to August 16, 2021, Moody Capital made a series of advances to the Company to meet specific needs of the Company. Effective June 30, 2021, these advances were memorialized in a promissory note (“Second Related Party Note”) with a total maximum aggregate loan amount of $ 10.0 million June 30, 2024 two 6.75 8.75 From August 20, 2021 to September 30, 2021, Moody Capital made a series of advances to the Company to meet specific needs of the Company. These advances were memorialized in a promissory note (“Third Related Party Note”) with a total maximum aggregate loan amount of $ 10.0 million August 20, 2024 two years 7.75 9.75 Interest will be paid for the Related Party Note, the Second Related Party Note, and the Third Related Party Note as permitted by available cash flow of the Company, or from the excess proceeds following a sale of a property after the payment of expenses and amounts due to any senior lender, if applicable, and will be compounded semiannually. The Company expects to enter into a mutually agreeable subordination agreement with any such senior lender. The Company may prepay the amounts due under the Related Party Note, the Second Related Party Note, and the Third Relate Party Note without any prepayment penalty. The estimated fair value of the Company’s notes payable as of December 31, 2021 and 2020, was $ 242 240

Equity

Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Equity	5. Equity Capitalization Under its Charter, the Company has the authority to issue 1.0 billion 100.0 million 0.01 8,000 25.00 200,000 13.6 million 10.2 million 3.3 million 8,000 60,000 Schedule of shares outstanding Class Shares Outstanding as of December 31, 2021 Class A Shares 13,000 Class T Shares 481 Class I Shares 159 Total 13,640 The Board is authorized to amend the Charter without the approval of the stockholders to increase the aggregate number of authorized shares of capital stock or the number of shares of any class or series that the Company has authority to issue. Distributions The Company first paid distributions on September 15, 2015. On March 24, 2020, the Board unanimously approved the indefinite suspension of (i) the payment of distributions to the Company’s stockholders, effective immediately, and (ii) the operation of the DRP, effective as of April 6, 2020, due to the impact that the COVID-19 pandemic is having and is expected to continue to have in the Company’s hotel properties. The payment of distributions and the operation of the DRP will remain suspended until such time as the Board approves their resumption. The following table summarizes distributions paid in cash and pursuant to the DRP for the years ended December 31, 2021 and 2020 (in thousands): Period Cash Distribution Distribution Paid Pursuant to DRP (1) Total Amount of Distribution First Quarter 2021 $ — $ — $ — Second Quarter 2021 — — — Third Quarter 2021 — — — Fourth Quarter 2021 — — — Total $ — $ — $ — First Quarter 2020 $ 4,404 $ 1,392 $ 5,796 Second Quarter 2020 — — — Third Quarter 2020 — — — Fourth Quarter 2020 — — — Total $ 4,404 $ 1,392 $ 5,796 (1) Amount of distributions paid in shares of common stock pursuant to the DRP. Noncontrolling Interest in Operating Partnership Noncontrolling interest in the OP at December 31, 2021 and 2020 was $ 2.8 million 3.4 million 316,037 633,000 828,000

Related Party Arrangements

Related Party Arrangements	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Arrangements	6. Related Party Arrangements Pursuant to the Advisory Agreement, the Advisor and certain affiliates of Advisor receive fees and compensation in connection with the Company’s public offering and the acquisition, management and sale of the Company’s real estate investments. In addition, in exchange for $ 1,000 Sales Commissions and Dealer Manager Fees From January 1, 2017 through June 12, 2017, the Company paid Moody Securities an up-front selling commission of up to 7.0 3.0 Beginning January 16, 2018, the Advisor assumed responsibility for the payment of all selling commissions, dealer manager fees and stockholder servicing fees paid in connection with the Company’s public offering; provided, however 7.0 6.0 3.0 2.5 9.7 million 8.5 million Organization and Offering Expenses The Advisor will receive reimbursement for organizational and offering expenses incurred on the Company’s behalf, but only to the extent that such reimbursements do not exceed actual expenses incurred by Advisor and do not cause the cumulative selling commissions, dealer manager fees, stockholder servicing fees and other organization and offering expenses borne by the Company to exceed 15.0 As of December 31, 2021, total offering costs for the initial public offering and the follow-on offering were $21.1 million, comprised of $ 12.3 million 8.8 million 18.4 million 6.1 million 2.7 million 0 0 Acquisition Fees As of January 16, 2018, the Advisor assumed responsibility for the payment of all selling commissions, dealer manager fees and stockholder servicing fees in connection with the Company’s public offering. In connection therewith, as of January 16, 2018, the acquisition fee payable to the Advisor was increased from 1.5 3.85 allocable cost of investments acquired in a joint venture (including 3.85 1.5 2.35 1.5 Reimbursement of Acquisition Expenses The Advisor may also be reimbursed by the Company for actual expenses related to the evaluation, selection and acquisition of real estate investments, regardless of whether the Company acquires the related assets. The Company did not reimburse the Advisor for any acquisition expenses during the years ended December 31, 2021 and 2020. Financing Coordination Fee The Advisor also receives financing coordination fees of 1 0.75 Property Management Fee The Company pays Moody National Hospitality Management, LLC (“Property Manager”) a monthly hotel management fee equal to 4.0 ten years 3.4 million 3.3 million 450,000 The Company pays an annual incentive fee to Property Manager. Such annual incentive fee is equal to 15% of the amount by which the operating profit from the properties managed by Property Manager for such fiscal year (or partial fiscal year) exceeds 8.5% of the total investment of such properties. Property Manager may pay some or all of this annual incentive fee to third-party sub-property managers for management services. For purposes of this annual incentive fee, “total investment” means the sum of (i) the price paid to acquire a property, including closing costs, conversion costs, and transaction costs; (ii) additional invested capital and (iii) any other costs paid in connection with the acquisition of the property, whether incurred pre- or post-acquisition. As of December 31, 2021, the Company had not paid any annual incentive fees to Property Manager. Asset Management Fee The Company pays the Advisor a monthly asset management fee of one-twelfth of 1.0 4.8 million Disposition Fee The Company also pays the Advisor or its affiliates a disposition fee in an amount of up to one-half of the brokerage commission paid on the sale of an asset, but in no event greater than 3 6 Operating Expense Reimbursement The Company will reimburse the Advisor for all expenses paid or incurred by the Advisor in connection with the services provided to the Company, subject to the limitation that the Company will not reimburse the Advisor for any amount by which the Company’s aggregate operating expenses (including the asset management fee payable to the Advisor) at the end of the four preceding fiscal quarters exceeds the greater of: (1) 2 25 2 25 2 25 4.8 6.7 0 2 25 Notes Payable to Related Party See Note 4, “Debt” to the consolidated financial statements for a description of notes payable to related party. The balance of such notes was $ 28,474,000

Incentive Award Plan

Incentive Award Plan	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Incentive Award Plan	7. Incentive Award Plan The Company has adopted an incentive plan (the “Incentive Award Plan”) that provides for the grant of equity awards to its employees, directors and consultants and those of the Company’s affiliates. The Incentive Award Plan authorizes the grant of non-qualified and incentive stock options, restricted stock awards, restricted stock units, stock appreciation rights, dividend equivalents and other stock-based awards or cash-based awards. Shares of common stock will be authorized and reserved for issuance under the Incentive Award Plan. The Company has also adopted an independent directors compensation plan (the “Independent Directors Compensation Plan”) pursuant to which each of the Company’s independent directors was entitled, subject to the Independent Directors Compensation Plan’s conditions and restrictions, to receive an initial grant of 5,000 2,000,000 5,000 2,500 1,935,000 The Company recorded compensation expense related to such shares of restricted stock of $ 117,000 147,000 5,000 99,000 The following is a summary of activity under the Independent Directors Compensation Plan for the years ended December 31, 2021 and 2020: Number of Shares Weighted Average Grant Date Fair Value Balance of non-vested shares as of December 31, 2019 7,500 $ 23.32 Shares granted on November 12, 2020 5,000 $ 23.50 Shares vested (7,500 ) $ 23.32 Balance of non-vested shares as of December 31, 2020 5,000 $ 23.50 Shares granted on November 12, 2021 5,000 $ 23.50 Shares vested (5,000 ) $ 23.50 Balance of non-vested shares as of December 31, 2021 5,000 $ 23.50

Subordinated Participation Inte

Subordinated Participation Interest	12 Months Ended
	Dec. 31, 2021
Subordinated Participation Interest
Subordinated Participation Interest	8. Subordinated Participation Interest Pursuant to the limited partnership agreement for the OP, Moody LPOP II, the holder of the Special Limited Partnership Interests, is entitled to receive distributions equal to 15.0 6.0 8.0

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Restricted Cash Under certain management and debt agreements existing at December 31, 2021, the Company escrows payments required for property improvement plans, real estate taxes, replacement of hotel furniture and fixtures, debt service and rent holdback. The composition of the Company’s restricted cash as of December 31, 2021 and 2020 are as follows (in thousands): December 31, 2021 2020 Real estate taxes $ 4,447 $ 2,235 Insurance 382 148 Hotel furniture and fixtures 5,483 1,762 Debt service 2,762 1,557 Property improvement plan 158 158 Total restricted cash $ 13,232 $ 5,860 Franchise Agreements As of December 31, 2021, all of the Company’s hotel properties, including those acquired as part of the Moody I Portfolio, are operated under franchise agreements with initial terms ranging from 10 20 3.0 6.0 1.5 4.3 5.0 million 3.5 million

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes The Company has formed a TRS that is treated as a C-corporation for federal income tax purposes and uses the asset and liability method of accounting for income taxes. Tax return positions are recognized in the consolidated financial statements when they are “more-likely-than-not” to be sustained upon examination by the taxing authority. Deferred income tax assets and liabilities result from temporary differences. Temporary differences are differences between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements that will result in taxable or deductible amounts in future periods. A valuation allowance may be placed on deferred income tax assets, if it is determined that it is more likely than not that a deferred tax asset may not be realized. As of December 31, 2021, the Company had operating loss and capital loss carry-forwards of $ 7.8 million 700,000 The Company had deferred tax assets of $ 2.3 million 14.5 million 10.0 million 58.5 7.3 The income tax expense (benefit) for the years ended December 31, 2021 and 2020 consisted of the following (in thousands): Years ended December 31, 2021 2020 Current expense $ (17 ) $ 107 Deferred benefit (4,530 ) (6,659 ) Valuation provision for deferred benefit 4,530 6,659 Total expense $ (17 ) $ 107 Federal $ (4,530 ) $ (6,659 ) Valuation provision for federal taxes 4,530 6,659 State (17 ) 107 Total tax expense $ (17 ) $ 107 On December 31, 2021, the Company had net deferred tax assets of $ 2.3 2033 through 2038 if not utilized by then

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events Covid-19 Pandemic

MOODY NATIONAL REIT II, INC. SC

MOODY NATIONAL REIT II, INC. SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION DECEMBER 31, 2021 (in thousands)	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
MOODY NATIONAL REIT II, INC. SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION DECEMBER 31, 2021 (in thousands)	MOODY NATIONAL REIT II, INC. SCHEDULE III DECEMBER 31, 2021 SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION Initial Cost to Company Total Cost Description Location Ownership Percent Encumbrances Land Building, Improvements, and FF&E Total Cost Capitalized Subsequent to Acquisition Land Building, Improvements and FF&E Total (1) Accumulated+ Depreciation and Amortization Original Date of Construction Date Acquired Residence Inn Austin Austin, Texas 100.0 % $ 15,757 $ 4,310 $ 23,190 $ 27,500 (2) $ 703 $ 4,310 $ 23,893 $ 28,203 $ 4,536 2014 October 15, 2015 Springhill Suites Seattle Seattle, Washington 100.0 % 42,634 14,040 60,060 74,100 9,256 14,040 69,316 83,356 11,647 2001 May 24, 2016 Homewood Suites Woodlands The Woodlands, Texas 100.0 % 8,594 2,828 14,528 17,356 502 2,828 15,030 17,858 2,333 2001 September 27, 2017 Hyatt Place Germantown Germantown, Tennessee 100.0 % 6,524 1,874 14,200 16,074 727 1,874 14,927 16,801 2,365 2009 September 27, 2017 Hyatt Place North Charleston North Charleston, South Carolina 100.0 % 6,730 783 13,023 13,806 614 783 13,637 14,420 2,149 2009 September 27, 2017 Hampton Inn Austin Austin, Texas 100.0 % 10,073 4,329 14,999 19,328 363 4,329 15,362 19,691 2,724 1997 September 27, 2017 Residence Inn Grapevine Grapevine, Texas 100.0 % 11,625 2,028 23,217 25,245 609 2,028 23,826 25,854 3,670 2007 September 27, 2017 Marriott Courtyard Lyndhurst Lyndhurst, New Jersey (3 ) 18,420 2,663 36,884 39,547 486 2,663 37,370 40,033 5,690 1990 September 27, 2017 Hilton Garden Inn Austin Austin, Texas 100.0 % 17,564 9,058 20,230 29,288 930 9,058 21,160 30,218 3,802 2002 September 27, 2017 Hampton Inn Great Valley Frazer, Pennsylvania 100.0 % 7,617 1,730 13,555 15,285 1,743 1,730 15,298 17,028 3,012 1998 September 27, 2017 Embassy Suites Nashville Nashville, Tennessee 100.0 % 39,660 14,805 67,402 82,207 4,254 14,805 71,656 86,461 10,799 2001 September 27, 2017 Homewood Suites Austin Austin, Texas 100.0 % 10,311 4,218 14,617 18,835 878 4,218 15,495 19,713 2,792 1998 September 27, 2017 TownPlace Suites Fort Worth Fort Worth, Texas (3 ) 5,783 4,240 7,002 11,242 169 4,240 7,171 11,411 1,376 1998 September 27, 2017 Hampton Inn Houston Houston, Texas 100.0 % 4,181 3,550 6,408 9,958 3,341 3,550 9749 13,299 2,405 1995 September 27, 2017 Residence Inn Houston Medical Center Houston, Texas 100.0 % 28,703 6,480 45,520 52,000 44 6,480 45,564 52,044 4,118 2019 April 29, 2019 Total $ 234,176 $ 76,936 $ 374,835 $ 451,771 $ 24,619 $ 76,936 $ 399,454 $ 476,390 $ 63,418 (1) The aggregate cost of real estate for federal income tax purposes was $ 432 million (2) Includes gain on acquisition of hotel property of $ 2.0 million (3) 100% of the Class B membership interests of a joint venture. MOODY NATIONAL REIT II, INC. SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION (CONTINUED) DECEMBER 31, 2021 2021 2020 Real estate: Balance at the beginning of the year $ 475,820 $ 473,737 Improvements and additions 570 2,083 Balance at the end of the year $ 476,390 $ 475,820 Accumulated depreciation: Balance at the beginning of the year $ 48,019 $ 327,128 Depreciation 15,399 15,307 Balance at the end of the year $ 63,418 $ 48,019

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The Company’s consolidated financial statements include its accounts and the accounts of its subsidiaries over which it has control. All intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Organization and Offering Costs	Organization and Offering Costs Organization and offering costs of the Company are paid directly by the Company or incurred by the Advisor on behalf of the Company. Pursuant to the Advisory Agreement between the Company and the Advisor, the Company is obligated to reimburse the Advisor or its affiliates, as applicable, for organization and offering costs incurred by the Advisor associated with each of the Company’s public offerings, provided that within 60 days of the last day of the month in which a public offering ends, the Advisor is obligated to reimburse the Company to the extent aggregate organization and offering costs incurred by the Company in connection with the completed public offering exceed 15.0% of the gross offering proceeds from the sale of the Company’s shares of common stock in the completed public offering. Such organization and offering costs include selling commissions and dealer manager fees paid to a dealer manager, legal, accounting, printing and other offering expenses, including marketing, salaries and direct expenses of the Advisor’s employees and employees of the Advisor’s affiliates and others. Any reimbursement of the Advisor or its affiliates for organization and offering costs will not exceed actual expenses incurred by the Advisor. The Company’s organization and offering costs incurred in connection with the Company’s initial public offering did not exceed 15 All offering costs, including selling commissions and dealer manager fees, are recorded as an offset to additional paid-in-capital, and all organization costs are recorded as an expense when the Company has an obligation to reimburse the Advisor. As of December 31, 2021, total offering costs for the initial public offering and the follow-on offering were $ 21.1 million 12.3 million 8.8 million 18.4 million 12.3 million 6.1 million 2.7 million 0 2.7 million 0
Income Taxes	Income Taxes The Company elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code commencing with the taxable year ended December 31, 2016. The Company did not meet all of the qualifications to be a REIT under the Internal Revenue Code for the years ended December 31, 2015 and 2014, including not having 100 Provided that the Company continues to qualify as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes its REIT taxable income to its stockholders, so long as it distributes at least 90 The Company accounts for income taxes of its TRS using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities from a change in tax rates is recognized in earnings in the period prior to when the new rates become effective. The Company records a valuation allowance for net deferred tax assets that are not expected to be realized. The Company has reviewed tax positions under GAAP guidance that clarify the relevant criteria and approach for the recognition and measurement of uncertain tax positions. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken, or expected to be taken, in a tax return. A tax position may only be recognized in the consolidated financial statements if it is more likely than not that the tax position will be sustained upon examination. The Company had no material uncertain tax positions as of December 31, 2021. The preparation of the Company’s various tax returns requires the use of estimates for federal and state income tax purposes. These estimates may be subjected to review by the respective taxing authorities. A revision to an estimate may result in an assessment of additional taxes, penalties and interest. At this time, a range in which the Company’s estimates may change is not expected to be material. The Company will account for interest and penalties relating to uncertain tax positions in the current period results of operations, if necessary. The Company has tax years 2017 through 2021 remaining subject to examination by various federal and state tax jurisdictions. For more information, see Note 10, “Income Taxes.”
Fair Value Measurement	Fair Value Measurement Fair value measures are classified into a three-tiered fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets. Level 2: Directly or indirectly observable inputs, other than quoted prices in active markets. Level 3: Unobservable inputs in which there is little or no market data, which require a reporting entity to develop its own assumptions. Assets and liabilities measured at fair value are based on one or more of the following valuation techniques: Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. Cost approach: Amount required to replace the service capacity of an asset (replacement cost). Income approach: Techniques used to convert future income amounts to a single amount based on market expectations (including present-value, option-pricing, and excess-earnings models). The Company’s estimates of fair value were determined using available market information and appropriate valuation methods. Considerable judgment is necessary to interpret market data and develop estimated fair value. The use of different market assumptions or estimation methods may have a material effect on the estimated fair value amounts. The Company classifies assets and liabilities in the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The Company has elected the fair value option in recording its investment in marketable securities whereby unrealized holding gains and losses on available-for-sale securities are included in earnings. With the exception of the Company’s fixed-rate notes payable, the carrying amounts of other financial instruments, which include cash and cash equivalents, restricted cash, accounts receivable, notes receivable, notes payable, and accounts payable and accrued expenses, approximate their fair values due to their short-term nature. For the fair value of the Company’s notes payable, see Note 4, “Debt.”
Concentration of Risk	Concentration of Risk As of December 31, 2021, the Company had cash and cash equivalents and restricted cash deposited in certain financial institutions in excess of federally insured levels. The Company diversifies its cash and cash equivalents with several banking institutions in an attempt to minimize exposure to any one of these institutions. The Company regularly monitors the financial stability of these financial institutions and believes that it is not exposed to any significant credit risk in cash and cash equivalents or restricted cash. The Company is exposed to geographic risk in that nine of its fifteen hotel properties are located in one state, Texas.
Valuation and Allocation of Hotel Properties — Acquisition	Valuation and Allocation of Hotel Properties — Acquisition Upon acquisition, the purchase price of hotel properties is allocated to the tangible assets acquired, consisting of land, buildings and furniture, fixtures and equipment, any assumed debt, identified intangible assets and asset retirement obligations, if any, based on their fair values. Acquisition costs are charged to expense as incurred. Initial valuations are subject to change during the measurement period, but the measurement period ends as soon as the information is available. The measurement period shall not exceed one year from the acquisition date. Land values are derived from appraisals and building values are calculated as replacement cost less depreciation or estimates of the relative fair value of these assets using discounted cash flow analyses or similar methods. The value of furniture, fixtures and equipment is based on their fair value using replacement costs less depreciation. Any difference between the fair value of the hotel property acquired and the purchase price of the hotel property is recorded as goodwill or gain on acquisition of hotel property. The Company determines the fair value of any assumed debt by calculating the net present value of the scheduled mortgage payments using interest rates for debt with similar terms and remaining maturities that the Company believes it could obtain at the date of acquisition. Any difference between the fair value and stated value of the assumed debt is recorded as a discount or premium and amortized over the remaining life of the loan as interest expense. In allocating the purchase price of each of the Company’s properties, the Company makes assumptions and uses various estimates, including, but not limited to, the estimated useful lives of the assets, the cost of replacing certain assets and discount rates used to determine present values. The Company uses Level 3 inputs to value acquired properties. Many of these estimates are obtained from independent third-party appraisals. However, the Company is responsible for the source and use of these estimates. These estimates require judgment and are subject to being imprecise; accordingly, if different estimates and assumptions were derived, the valuation of the various categories of the Company’s hotel properties or related intangibles could in turn result in a difference in the depreciation or amortization expense recorded in the Company’s consolidated financial statements. These variances could be material to the Company’s results of operations and financial condition.
Valuation and Allocation of Hotel Properties — Ownership	Valuation and Allocation of Hotel Properties — Ownership Investment in hotel properties is recorded at cost less accumulated depreciation. Major improvements that extend the life of an asset are capitalized and depreciated over a period equal to the shorter of the life of the improvement or the remaining useful life of the asset. The costs of ordinary repairs and maintenance are charged to expense when incurred. Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: Estimated Useful Lives (years) Buildings and improvements 39 40 Exterior improvements 10 20 Furniture, fixtures and equipment 5 10
Impairments	Impairments The Company monitors events and changes in circumstances indicating that the carrying amount of a hotel property may not be recoverable. When such events or changes in circumstances are present, the Company assesses potential impairment by comparing estimated future undiscounted cash flows expected to be generated over the life of the asset from operating activities and from its eventual disposition, to the carrying amount of the asset. In the event that the carrying amount exceeds the estimated future undiscounted cash flows, the Company recognizes an impairment loss to adjust the carrying amount of the asset to estimated fair value for assets held for use and fair value less costs to sell for assets held for sale. There were no such impairment losses for the years ended December 31, 2021 and 2020. In evaluating a hotel property for impairment, the Company makes several estimates and assumptions, including, but not limited to, the projected date of disposition of the property, the estimated future cash flows of the property during the Company’s ownership and the projected sales price of the property. A change in these estimates and assumptions could result in a change in the estimated undiscounted cash flows or fair value of the Company’s hotel property which could then result in different conclusions regarding impairment and material changes to the Company’s consolidated financial statements.
Revenue Recognition	Revenue Recognition Hotel revenues, including room, food, beverage and other ancillary revenues, are recognized as the related services are delivered. Revenue is recorded net of any sales and other taxes collected from customers. Interest income is recognized when earned. Amounts received prior to guest arrival are recorded as advances from the customer and are recognized at the time of occupancy.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents represent cash on hand or held in banks and short-term investments with an initial maturity of years or less at the date of purchase.
Restricted Cash	Restricted Cash Restricted cash includes reserves for property taxes, as well as reserves for property improvements, replacement of furniture, fixtures, and equipment and debt service, as required by certain management or mortgage and term debt agreements restrictions and provisions.
Investment in Marketable Securities	Investment in Marketable Securities Investment in marketable securities of $ 0 2.0 million 397,000 629,000 245,000 676,000 Dividend income is recognized when earned. For the years ended December 31, 2021 and 2020, dividend income of $ 1,000 9,000
Accounts Receivable	Accounts Receivable The Company takes into consideration certain factors that require judgments to be made as to the collectability of receivables. Collectability factors taken into consideration are the amounts outstanding, payment history and financial strength of the customer, which, taken as a whole, determines the valuation. Ongoing credit evaluations are performed and an allowance for potential credit losses is provided against the portion of accounts receivable that is estimated to be uncollectible.
Deferred Franchise Costs	Deferred Franchise Costs Deferred franchise costs are recorded at cost and amortized over the term of the respective franchise contract on a straight-line basis. Accumulated amortization of deferred franchise costs was $ 383 300 Expected future amortization of deferred franchise costs as of December 31, 2021 is as follows (in thousands): Years Ending December 31, 2022 $ 82 2023 77 2024 77 2025 77 2026 76 Thereafter 295 Total $ 684
Debt Issuance Costs	Debt Issuance Costs Debt issuance costs are presented as a direct deduction from the carrying value of the notes payable on the consolidated balance sheets. Debt issuance costs are amortized as a component of interest expense over the term of the related debt using the straight-line method, which approximates the interest method. Accumulated amortization of debt issuance costs was $ 5.4 million 4.7 million Years Ending December 31, 2022 $ 677 2023 632 2024 440 2025 154 2026 34 Total $ 1,937
Earnings (Loss) per Share	Earnings (Loss) per Share Earnings (loss) per share (“EPS”) is calculated based on the weighted average number of shares outstanding during each period. Basic and diluted EPS are the same for all periods presented. Non-vested shares of restricted common stock totaling 5,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Depreciation expense is computed using the straight-line method based upon the following estimated useful lives:	Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: Estimated Useful Lives (years) Buildings and improvements 39 40 Exterior improvements 10 20 Furniture, fixtures and equipment 5 10
Expected future amortization of deferred franchise costs as of December 31, 2021 is as follows (in thousands):	Expected future amortization of deferred franchise costs as of December 31, 2021 is as follows (in thousands): Years Ending December 31, 2022 $ 82 2023 77 2024 77 2025 77 2026 76 Thereafter 295 Total $ 684
Debt issuance costs are presented as a direct deduction from the carrying value of the notes payable on the consolidated balance sheets. Debt issuance costs are amortized as a component of interest expense over the term of the related debt using the straight-line method, which approximates the interest method. Accumulated amortization of debt issuance costs was $5.4 million	Debt issuance costs are presented as a direct deduction from the carrying value of the notes payable on the consolidated balance sheets. Debt issuance costs are amortized as a component of interest expense over the term of the related debt using the straight-line method, which approximates the interest method. Accumulated amortization of debt issuance costs was $ 5.4 million 4.7 million Years Ending December 31, 2022 $ 677 2023 632 2024 440 2025 154 2026 34 Total $ 1,937

Investment in Hotel Properties

Investment in Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2021
Real Estate [Abstract]
The following table sets forth summary information regarding the Company’s investment in hotel properties as of December 31, 2021 (all $ amounts in thousands):	The following table sets forth summary information regarding the Company’s investment in hotel properties as of December 31, 2021 (all $ amounts in thousands): Property Name Date Acquired Location Ownership Interest Original Purchase Price (1) Rooms Mortgage Debt Outstanding (2) Residence Inn Austin October 15, 2015 Austin, Texas 100 % $ 27,500 112 $ 15,757 Springhill Suites Seattle May 24, 2016 Seattle, Washington 100 % 74,100 234 42,634 Homewood Suites Woodlands September 27, 2017 (5) The Woodlands, Texas 100 % 17,356 91 8,594 Hyatt Place Germantown September 27, 2017 (5) Germantown, Tennessee 100 % 16,074 127 6,524 Hyatt Place North Charleston September 27, 2017 (5) North Charleston, South Carolina 100 % 13,806 113 6,730 Hampton Inn Austin September 27, 2017 (5) Austin, Texas 100 % 19,328 123 10,073 Residence Inn Grapevine September 27, 2017 (5) Grapevine, Texas 100 % 25,245 133 11,625 Marriott Courtyard Lyndhurst September 27, 2017 (5) Lyndhurst, New Jersey (3 ) 39,547 227 18,420 Hilton Garden Inn Austin September 27, 2017 (5) Austin, Texas 100 % 29,288 138 17,564 Hampton Inn Great Valley September 27, 2017 (5) Frazer, Pennsylvania 100 % 15,285 125 7,617 Embassy Suites Nashville September 27, 2017 (5) Nashville, Tennessee 100 % 82,207 208 39,660 Homewood Suites Austin September 27, 2017 (5) Austin, Texas 100 % 18,835 96 10,311 Townplace Suites Fort Worth September 27, 2017 (5) Fort Worth, Texas (4 ) 11,242 95 5,783 Hampton Inn Houston September 27, 2017 (5) Houston, Texas 100 % 9,958 119 4,181 Residence Inn Houston Medical Center April 29, 2019 Houston, Texas 100 % 52,000 182 28,703 Totals $ 451,771 2,123 $ 234,176 (1) Excludes closing costs and includes gain on acquisition. (2) As of December 31, 2021. (3) The Marriott Courtyard Lyndhurst is owned by MN Lyndhurst Venture, LLC, of which the OP is a member and holds 100% (4) The Townplace Suites Fort Worth is owned by MN Fort Worth Venture, LLC, of which the OP is a member and holds 100% (5) Property acquired on September 27, 2017 as a result of the merger of Moody National REIT I, Inc. (“Moody I”) with and into the Company (the “Merger”) and the merger of Moody National Operating Partnership I, L.P., the operating partnership of Moody I (“Moody I OP”), with and into the OP (the “Partnership Merger,” and together with the Merger, the “Mergers”).
Investment in hotel properties consisted of the following at December 31, 2021 and 2020 (in thousands):	Investment in hotel properties consisted of the following at December 31, 2021 and 2020 (in thousands): December 31, 2021 2020 Land $ 76,936 $ 76,936 Buildings and improvements 338,729 338,729 Furniture, fixtures and equipment 60,725 60,155 Total cost 476,390 475,820 Accumulated depreciation (63,418 ) (48,019 ) Investment in hotel properties, net $ 412,972 $ 427,801

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
As of December 31, 2021 and 2020, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands):	As of December 31, 2021 and 2020, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands): Loan Principal Principal Interest Maturity Date Loan Modifications Residence Inn Austin $ 15,757 $ 16,169 4.580 % November 1, 2025 Lender forbore the collection of 75 1.1 million 25 Springhill Suites Seattle 42,634 43,856 4.380 % October 1, 2026 Three months deferral of interest and principal payments from June to August, 2020. Four months interest only payments from September to December, 2020. Homewood Suites Woodlands 8,594 8,759 4.690 % April 11, 2025 Hyatt Place Germantown 6,524 6,755 4.300 % May 6, 2023 Deferral of thirteen months of interest and principal payments from September 2020 to September 2021 and eighteen months deferral escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 1.42 million Hyatt Place North Charleston 6,730 6,873 5.193 % August 1, 2023 Payment of $ 100,000 Hampton Inn Austin 10,073 10,359 5.426 % January 6, 2024 Deferral of thirteen months of interest and principal payments from September 2020 to September 2021 and eighteen months of deferral escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 1.99 million Residence Inn Grapevine 11,625 12,016 5.250 % April 6, 2024 Deferral of nine months of interest and principal payments from January 2021 to September 2021 and sixteen months deferral of escrow payments for tax, insurance and hotel furniture and fixtures from June 2020 to September 2021 totaled $ 2.35 million 1.41 million 940,0000 Marriott Courtyard Lyndhurst 18,420 18,833 4.700 % September 27, 2024 Six months payment of interest only from April to September, 2020 Hilton Garden Inn Austin 17,564 17,997 4.530 % December 11, 2024 Deferral of eighteen months of interest and principal payments and escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 3.98 million 1.69 million 2.36 million Hampton Inn Great Valley 7,617 7,804 4.700 % April 11, 2025 Deferral of sixteen months of interest and principal payments and escrow payments for tax, insurance and hotel furniture and fixtures from June 2020 to September 2021 totaled $ 1.75 million 729,000 1.02 million Embassy Suites Nashville 39,660 41,057 4.2123 % July 11, 2025 April to July 2020 payment of principal and interest deferred. August 2020 to December 2020 interest only. Special servicer fee of $ 205,285 Homewood Suites Austin 10,311 10,541 4.650 % August 11, 2025 Deferral of seventeen months of interest and principal payments from May 2020 to September 2021 and eighteen months deferral of escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $ 2.73 million 1.14 million 1.59 million Townplace Suites Fort Worth 5,783 5,915 4.700 % September 27, 2024 April 2020 payment was interest only. Six-month deferral of principal from April to September 2020. Two months deferral of interest payments for May and June, 2020.Three months interest only payments from July to September, 2020. Hampton Inn Houston 4,181 4,342 5.250 % April 28, 2023 Seven-month deferral of principal and interest payments for payments due March 28, 2020 through September 28, 2020. Six months interest only for payments due October 28, 2020 through March 28, 2021 Residence Inn Houston Medical Center 28,703 28,854 5.000 % October 1, 2024 Deferral of principal and interest payments for six months from April to September, 2020. Interest only payments for an additional twelve months from October 2020 to September 2021 U.S. Small Business Administration Economic Injury Disaster Loans 7,500 — 3.750 % November 2051 Total notes payable 241,676 240,130 Less unamortized debt issuance costs (1,937 ) (2,614 ) Total notes payable, net of unamortized debt issuance costs $ 239,739 $ 237,516 Monthly payments of principal and interest are due and payable until the maturity date.
Scheduled maturities of the Company’s notes payable as of December 31, 2021 are as follows (in thousands):	Scheduled maturities of the Company’s notes payable as of December 31, 2021 are as follows (in thousands): Years ending December 31, 2022 $ 5,091 2023 21,602 2024 90,703 2025 77,672 2026 39,140 Thereafter 7,468 Total $ 241,676

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Schedule of shares outstanding	Schedule of shares outstanding Class Shares Outstanding as of December 31, 2021 Class A Shares 13,000 Class T Shares 481 Class I Shares 159 Total 13,640
The following table summarizes distributions paid in cash and pursuant to the DRP for the years ended December 31, 2021 and 2020 (in thousands):	The following table summarizes distributions paid in cash and pursuant to the DRP for the years ended December 31, 2021 and 2020 (in thousands): Period Cash Distribution Distribution Paid Pursuant to DRP (1) Total Amount of Distribution First Quarter 2021 $ — $ — $ — Second Quarter 2021 — — — Third Quarter 2021 — — — Fourth Quarter 2021 — — — Total $ — $ — $ — First Quarter 2020 $ 4,404 $ 1,392 $ 5,796 Second Quarter 2020 — — — Third Quarter 2020 — — — Fourth Quarter 2020 — — — Total $ 4,404 $ 1,392 $ 5,796 (1) Amount of distributions paid in shares of common stock pursuant to the DRP.

Incentive Award Plan (Tables)

Incentive Award Plan (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
The following is a summary of activity under the Independent Directors Compensation Plan for the years ended December 31, 2021 and 2020:	The following is a summary of activity under the Independent Directors Compensation Plan for the years ended December 31, 2021 and 2020: Number of Shares Weighted Average Grant Date Fair Value Balance of non-vested shares as of December 31, 2019 7,500 $ 23.32 Shares granted on November 12, 2020 5,000 $ 23.50 Shares vested (7,500 ) $ 23.32 Balance of non-vested shares as of December 31, 2020 5,000 $ 23.50 Shares granted on November 12, 2021 5,000 $ 23.50 Shares vested (5,000 ) $ 23.50 Balance of non-vested shares as of December 31, 2021 5,000 $ 23.50

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Under certain management and debt agreements existing at December 31, 2021, the Company escrows payments required for property improvement plans, real estate taxes, replacement of hotel furniture and fixtures, debt service and rent holdback. The composition of the Company’s restricted cash as of December 31, 2021 and 2020 are as follows (in thousands):	Under certain management and debt agreements existing at December 31, 2021, the Company escrows payments required for property improvement plans, real estate taxes, replacement of hotel furniture and fixtures, debt service and rent holdback. The composition of the Company’s restricted cash as of December 31, 2021 and 2020 are as follows (in thousands): December 31, 2021 2020 Real estate taxes $ 4,447 $ 2,235 Insurance 382 148 Hotel furniture and fixtures 5,483 1,762 Debt service 2,762 1,557 Property improvement plan 158 158 Total restricted cash $ 13,232 $ 5,860

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
The income tax expense (benefit) for the years ended December 31, 2021 and 2020 consisted of the following (in thousands):	The income tax expense (benefit) for the years ended December 31, 2021 and 2020 consisted of the following (in thousands): Years ended December 31, 2021 2020 Current expense $ (17 ) $ 107 Deferred benefit (4,530 ) (6,659 ) Valuation provision for deferred benefit 4,530 6,659 Total expense $ (17 ) $ 107 Federal $ (4,530 ) $ (6,659 ) Valuation provision for federal taxes 4,530 6,659 State (17 ) 107 Total tax expense $ (17 ) $ 107

MOODY NATIONAL REIT II, INC. _2

MOODY NATIONAL REIT II, INC. SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION DECEMBER 31, 2021 (in thousands) (Tables)	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION	SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION Initial Cost to Company Total Cost Description Location Ownership Percent Encumbrances Land Building, Improvements, and FF&E Total Cost Capitalized Subsequent to Acquisition Land Building, Improvements and FF&E Total (1) Accumulated+ Depreciation and Amortization Original Date of Construction Date Acquired Residence Inn Austin Austin, Texas 100.0 % $ 15,757 $ 4,310 $ 23,190 $ 27,500 (2) $ 703 $ 4,310 $ 23,893 $ 28,203 $ 4,536 2014 October 15, 2015 Springhill Suites Seattle Seattle, Washington 100.0 % 42,634 14,040 60,060 74,100 9,256 14,040 69,316 83,356 11,647 2001 May 24, 2016 Homewood Suites Woodlands The Woodlands, Texas 100.0 % 8,594 2,828 14,528 17,356 502 2,828 15,030 17,858 2,333 2001 September 27, 2017 Hyatt Place Germantown Germantown, Tennessee 100.0 % 6,524 1,874 14,200 16,074 727 1,874 14,927 16,801 2,365 2009 September 27, 2017 Hyatt Place North Charleston North Charleston, South Carolina 100.0 % 6,730 783 13,023 13,806 614 783 13,637 14,420 2,149 2009 September 27, 2017 Hampton Inn Austin Austin, Texas 100.0 % 10,073 4,329 14,999 19,328 363 4,329 15,362 19,691 2,724 1997 September 27, 2017 Residence Inn Grapevine Grapevine, Texas 100.0 % 11,625 2,028 23,217 25,245 609 2,028 23,826 25,854 3,670 2007 September 27, 2017 Marriott Courtyard Lyndhurst Lyndhurst, New Jersey (3 ) 18,420 2,663 36,884 39,547 486 2,663 37,370 40,033 5,690 1990 September 27, 2017 Hilton Garden Inn Austin Austin, Texas 100.0 % 17,564 9,058 20,230 29,288 930 9,058 21,160 30,218 3,802 2002 September 27, 2017 Hampton Inn Great Valley Frazer, Pennsylvania 100.0 % 7,617 1,730 13,555 15,285 1,743 1,730 15,298 17,028 3,012 1998 September 27, 2017 Embassy Suites Nashville Nashville, Tennessee 100.0 % 39,660 14,805 67,402 82,207 4,254 14,805 71,656 86,461 10,799 2001 September 27, 2017 Homewood Suites Austin Austin, Texas 100.0 % 10,311 4,218 14,617 18,835 878 4,218 15,495 19,713 2,792 1998 September 27, 2017 TownPlace Suites Fort Worth Fort Worth, Texas (3 ) 5,783 4,240 7,002 11,242 169 4,240 7,171 11,411 1,376 1998 September 27, 2017 Hampton Inn Houston Houston, Texas 100.0 % 4,181 3,550 6,408 9,958 3,341 3,550 9749 13,299 2,405 1995 September 27, 2017 Residence Inn Houston Medical Center Houston, Texas 100.0 % 28,703 6,480 45,520 52,000 44 6,480 45,564 52,044 4,118 2019 April 29, 2019 Total $ 234,176 $ 76,936 $ 374,835 $ 451,771 $ 24,619 $ 76,936 $ 399,454 $ 476,390 $ 63,418 (1) The aggregate cost of real estate for federal income tax purposes was $ 432 million (2) Includes gain on acquisition of hotel property of $ 2.0 million (3) 100% of the Class B membership interests of a joint venture. MOODY NATIONAL REIT II, INC. SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION (CONTINUED) DECEMBER 31, 2021 2021 2020 Real estate: Balance at the beginning of the year $ 475,820 $ 473,737 Improvements and additions 570 2,083 Balance at the end of the year $ 476,390 $ 475,820 Accumulated depreciation: Balance at the beginning of the year $ 48,019 $ 327,128 Depreciation 15,399 15,307 Balance at the end of the year $ 63,418 $ 48,019

Organization (Details Narrative

Organization (Details Narrative)	Jun. 18, 2018USD ($)	Dec. 31, 2021USD ($)Number$ / sharesshares	Dec. 31, 2020USD ($)$ / shares	Jun. 26, 2017$ / shares	Jan. 20, 2015USD ($)
Number of rooms | Number		2,123
Common stock, par value (in dollars per share) | $ / shares		$ 0.01	$ 0.01
Value of shares issueable under registration statement	$ 990,000,000
Special Limited Partnership Interests		$ 1,000	$ 1,000
Common Class A [Member]
Common stock, par value (in dollars per share) | $ / shares				$ 0.01
Common Class D [Member]
Common stock, par value (in dollars per share) | $ / shares				0.01
Common Class I [Member]
Common stock, par value (in dollars per share) | $ / shares				0.01
Common Class T [Member]
Common stock, par value (in dollars per share) | $ / shares				$ 0.01
IPO [Member]
Common stock, authorized, value					$ 1,000,000
Common stock authorized in distribution reinvestment plan, value					100,000,000
IPO [Member] | Maximum [Member]
Common stock, authorized, value					$ 1,100,000
Initial public offering and follow-on offering [Member]
Issuance of common stock, net of offering costs (in shares) | shares		10,200,000
Issuance of common stock pursuant to dividend reinvestment plan (in shares) | shares		567,000
Proceeds from stock and DRIP offering		$ 234,600,000
Follow-on offering [Member]
Issuance of common stock, net of offering costs (in shares) | shares		4,100,000
Issuance of common stock pursuant to dividend reinvestment plan (in shares) | shares		352,000
Proceeds from stock and DRIP offering		$ 87,200,000

Depreciation expense is compute

Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: (Details)	12 Months Ended
	Dec. 31, 2021
Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	39 years
Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Exterior Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Exterior Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	20 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

Expected future amortization of

Expected future amortization of deferred franchise costs as of December 31, 2021 is as follows (in thousands): (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Years Ending December 31,
Total	$ 684	$ 767
Franchise Rights [Member]
Years Ending December 31,
2022	82
2023	77
2024	77
2025	77
2026	76
Thereafter	295
Total	$ 684

Debt issuance costs are present

Debt issuance costs are presented as a direct deduction from the carrying value of the notes payable on the consolidated balance sheets. Debt issuance costs are amortized as a component of interest expense over the term of the related debt using the strai (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Years Ending December 31,
2022	$ 677
2023	632
2024	440
2025	154
2026	34
Total	$ 1,937	$ 2,614

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2021USD ($)Numbershares	Dec. 31, 2020USD ($)shares
Defined Benefit Plan Disclosure [Line Items]
Minimum number of shareholders to qualify as REIT | Number	100
Minimum percentage of taxable income to be distributed	90.00%
Investment in marketable securities	$ 0	$ 2,037,000
Marketable securities, unrealized gain (loss)	397,000	(629,000)
Marketable securities, realized gain (loss)	245,000	676,000
Dividend income	1,000	9,000
Accumulated Amortization of Other Deferred Costs	$ 383,000	$ 300,000
Nonvested restricted stock included in earnings per share | shares	5,000	5,000
Affiliated Entity [Member]
Defined Benefit Plan Disclosure [Line Items]
Percentage of organization and offering costs	15.00%
Total offering costs	$ 21,100,000
Offering cost directly incurred by company	12,300,000
Offering cost reimbursed to advisor	8,800,000
Offering cost directly incurred by company	0
Affiliated Entity [Member] | Follow-on offering [Member]
Defined Benefit Plan Disclosure [Line Items]
Total offering costs	2,700,000
Offering cost directly incurred by company	0
Offering cost reimbursed to advisor	2,700,000
Affiliated Entity [Member] | IPO [Member]
Defined Benefit Plan Disclosure [Line Items]
Total offering costs	18,400,000
Offering cost directly incurred by company	12,300,000
Offering cost reimbursed to advisor	$ 6,100,000

The following table sets forth

The following table sets forth summary information regarding the Company’s investment in hotel properties as of December 31, 2021 (all $ amounts in thousands): (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Number
Restructuring Cost and Reserve [Line Items]
Property Name	Totals
Business Combination, Consideration Transferred	$ 451,771
Rooms | Number	2,123
Notes and Loans Payable	$ 234,176
Residence Inn Austin [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Residence Inn Austin
Date Acquired	Oct. 15, 2015
Location	Austin, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 27,500
Rooms | Number	112
Notes and Loans Payable	$ 15,757
Springhill Suites Seattle [Member] | WASHINGTON
Restructuring Cost and Reserve [Line Items]
Property Name	Springhill Suites Seattle
Date Acquired	May 24, 2016
Location	Seattle, Washington
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 74,100
Rooms | Number	234
Notes and Loans Payable	$ 42,634
Homewood Suites Woodlands [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Homewood Suites Woodlands
Date Acquired	Sep. 27, 2017
Location	The Woodlands, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 17,356
Rooms | Number	91
Notes and Loans Payable	$ 8,594
Hyatt Place Germantown [Member] | TENNESSEE
Restructuring Cost and Reserve [Line Items]
Property Name	Hyatt Place Germantown
Date Acquired	Sep. 27, 2017
Location	Germantown, Tennessee
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 16,074
Rooms | Number	127
Notes and Loans Payable	$ 6,524
Hyatt Place North Charleston [Member] | SOUTH CAROLINA
Restructuring Cost and Reserve [Line Items]
Property Name	Hyatt Place North Charleston
Date Acquired	Sep. 27, 2017
Location	North Charleston, South Carolina
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 13,806
Rooms | Number	113
Notes and Loans Payable	$ 6,730
Hampton Inn Austin [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Hampton Inn Austin
Date Acquired	Sep. 27, 2017
Location	Austin, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 19,328
Rooms | Number	123
Notes and Loans Payable	$ 10,073
Residence Inn Grapevine [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Residence Inn Grapevine
Date Acquired	Sep. 27, 2017
Location	Grapevine, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 25,245
Rooms | Number	133
Notes and Loans Payable	$ 11,625
Marriott Courtyard Lyndhurst [Member] | MN Lyndhurst Venture, LLC
Restructuring Cost and Reserve [Line Items]
Ownership Percentage One	100.00%
Marriott Courtyard Lyndhurst [Member] | NEW JERSEY
Restructuring Cost and Reserve [Line Items]
Property Name	Marriott Courtyard Lyndhurst
Date Acquired	Sep. 27, 2017
Location	Lyndhurst, New Jersey
Business Combination, Consideration Transferred	$ 39,547
Rooms | Number	227
Notes and Loans Payable	$ 18,420
Hilton Garden Inn Austin [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Hilton Garden Inn Austin
Date Acquired	Sep. 27, 2017
Location	Austin, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 29,288
Rooms | Number	138
Notes and Loans Payable	$ 17,564
Hampton Inn Great Valley [Member] | PENNSYLVANIA
Restructuring Cost and Reserve [Line Items]
Property Name	Hampton Inn Great Valley
Date Acquired	Sep. 27, 2017
Location	Frazer, Pennsylvania
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 15,285
Rooms | Number	125
Notes and Loans Payable	$ 7,617
Embassy Suites Nashville [Member] | TENNESSEE
Restructuring Cost and Reserve [Line Items]
Property Name	Embassy Suites Nashville
Date Acquired	Sep. 27, 2017
Location	Nashville, Tennessee
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 82,207
Rooms | Number	208
Notes and Loans Payable	$ 39,660
Homewood Suites Austin [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Homewood Suites Austin
Date Acquired	Sep. 27, 2017
Location	Austin, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 18,835
Rooms | Number	96
Notes and Loans Payable	$ 10,311
Townplace Suites Fort Worth [Member] | MN Fort Worth Venture, LLC
Restructuring Cost and Reserve [Line Items]
Ownership Percentage One	100.00%
Townplace Suites Fort Worth [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Townplace Suites Fort Worth
Date Acquired	Sep. 27, 2017
Location	Fort Worth, Texas
Business Combination, Consideration Transferred	$ 11,242
Rooms | Number	95
Notes and Loans Payable	$ 5,783
Hampton Inn Houston [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Hampton Inn Houston
Date Acquired	Sep. 27, 2017
Location	Houston, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 9,958
Rooms | Number	119
Notes and Loans Payable	$ 4,181
Residence Inn Houston Medical Center [Member] | TEXAS
Restructuring Cost and Reserve [Line Items]
Property Name	Residence Inn Houston Medical Center
Date Acquired	Apr. 29, 2019
Location	Houston, Texas
Ownership Percentage One	100.00%
Business Combination, Consideration Transferred	$ 52,000
Rooms | Number	182
Notes and Loans Payable	$ 28,703

Investment in hotel propertie_2

Investment in hotel properties consisted of the following at December 31, 2021 and 2020 (in thousands): (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Real Estate [Abstract]
Land	$ 76,936	$ 76,936
Buildings and improvements	338,729	338,729
Furniture, fixtures and equipment	60,725	60,155
Total cost	476,390	475,820
Accumulated depreciation	(63,418)	(48,019)
Investment in hotel properties, net	$ 412,972	$ 427,801

As of December 31, 2021 and 202

As of December 31, 2021 and 2020, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands): (Details) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Nov. 30, 2021	Oct. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 241,676	$ 240,130
Debt Issuance Costs, Net			1,937	2,614
Notes Payable, Total			239,739	237,516
Residence Inn Austin [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 15,757	16,169
Debt Instrument, Interest Rate, Stated Percentage			4.58%
Debt Instrument, Maturity Date			Nov. 1, 2025
Description of Loan Modifications			Lender forbore the collection of 75% of default interest of $1.1 million when borrower brought all loan and escrow payments current and reimbursed lender expenses and paid 25% of default interest in July 2021
Residence Inn Austin [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
[custom:PercentageDefaultInterestForborne]			75.00%
Default interest forborne			$ 1,100,000
[custom:PercentageDefaultInterestPaid]			25.00%
Springhill Suites Seattle [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 42,634	43,856
Debt Instrument, Interest Rate, Stated Percentage			4.38%
Debt Instrument, Maturity Date			Oct. 1, 2026
Description of Loan Modifications			Three months deferral of interest and principal payments from June to August, 2020. Four months interest only payments from September to December, 2020.
Homewood Suites Woodlands [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 8,594	8,759
Debt Instrument, Interest Rate, Stated Percentage			4.69%
Debt Instrument, Maturity Date			Apr. 11, 2025
Hyatt Place Germantown [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 6,524	6,755
Debt Instrument, Interest Rate, Stated Percentage			4.30%
Debt Instrument, Maturity Date			May 6, 2023
Description of Loan Modifications			Deferral of thirteen months of interest and principal payments from September 2020 to September 2021 and eighteen months deferral escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $1.42 million as of September 30, 2021 and were paid to lender in October 2021
Hyatt Place Germantown [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable			$ 1,420,000
Hyatt Place North Charleston [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 6,730	6,873
Debt Instrument, Interest Rate, Stated Percentage			5.193%
Debt Instrument, Maturity Date			Aug. 1, 2023
Description of Loan Modifications			Payment of $100,000 cash deposit and may make interest and principal payments from restricted cash for six months from April to September, 2020.
Hyatt Place North Charleston [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Payments for (Proceeds from) Deposit on Loan			$ 100,000
Hampton Inn Austin [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 10,073	10,359
Debt Instrument, Interest Rate, Stated Percentage			5.426%
Debt Instrument, Maturity Date			Jan. 6, 2024
Description of Loan Modifications			Deferral of thirteen months of interest and principal payments from September 2020 to September 2021 and eighteen months of deferral escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $1.99 million as of September 30, 2021 and were paid to lender in October 2021
Hampton Inn Austin [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable			$ 1,990,000
Residence Inn Grapevine [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 11,625	12,016
Debt Instrument, Interest Rate, Stated Percentage			5.25%
Debt Instrument, Maturity Date			Apr. 6, 2024
Description of Loan Modifications			Deferral of nine months of interest and principal payments from January 2021 to September 2021 and sixteen months deferral of escrow payments for tax, insurance and hotel furniture and fixtures from June 2020 to September 2021 totaled $2.35 million as of September 30, 2021. $1.41 million of the total due as of September 30,2021 was paid to lender in October 2021 and $940,0000 is to be paid from excess cash flow with the October 2021 to June 2022 regular mortgage payments
Residence Inn Grapevine [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable	$ 940	$ 1,410,000	$ 2,350,000
Marriott Courtyard Lyndhurst [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 18,420	18,833
Debt Instrument, Interest Rate, Stated Percentage			4.70%
Debt Instrument, Maturity Date			Sep. 27, 2024
Description of Loan Modifications			Six months payment of interest only from April to September, 2020
Hilton Garden Inn Austin [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 17,564	17,997
Debt Instrument, Interest Rate, Stated Percentage			4.53%
Debt Instrument, Maturity Date			Dec. 11, 2024
Description of Loan Modifications			Deferral of eighteen months of interest and principal payments and escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $3.98 million as of September 30, 2021.  $1.69 million of the total due as of September 30, 2021 was paid to lender in October 2021 and $2.36 million is to be paid in monthly installments with the October 2021 to June 2022 regular mortgage payments
Hilton Garden Inn Austin [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable	2,360,000		$ 3,980,000
Repayments of Debt		1,690,000
Hampton Inn Great Valley [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 7,617	7,804
Debt Instrument, Interest Rate, Stated Percentage			4.70%
Debt Instrument, Maturity Date			Apr. 11, 2025
Description of Loan Modifications			Deferral of sixteen months of interest and principal payments and escrow payments for tax, insurance and hotel furniture and fixtures from June 2020 to September 2021 totaled $1.75 million as of September 30, 2021.  $729,000 of the total due as of September 30, 2021 was paid to lender in October 2021 and $1.02 million is to be paid from excess cash flow with the October 2021 to September 2022 regular mortgage payments
Hampton Inn Great Valley [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable	1,020,000		$ 1,750,000
Repayments of Debt		$ 729,000
Embassy Suites Nashville [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 39,660	41,057
Debt Instrument, Interest Rate, Stated Percentage			4.2123%
Debt Instrument, Maturity Date			Jul. 11, 2025
Description of Loan Modifications			April to July 2020 payment of principal and interest deferred. August 2020 to December 2020 interest only. Special servicer fee of $205,285 to be paid on or before April 30, 2021
Embassy Suites Nashville [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable			$ 205,285
Homewood Suites Austin [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 10,311	10,541
Debt Instrument, Interest Rate, Stated Percentage			4.65%
Debt Instrument, Maturity Date			Aug. 11, 2025
Description of Loan Modifications			Deferral of seventeen months of interest and principal payments from May 2020 to September 2021 and eighteen months deferral of escrow payments for tax, insurance and hotel furniture and fixtures from April 2020 to September 2021 totaled $2.73 million as of September 30, 2021.  $1.14 million of the total due as of September 30, 2021 was paid in October 2021 and $1.59 million is to be paid in monthly installments with the October 2021 to June 2022 regular mortgage payments
Homewood Suites Austin [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Deferred payments payable	$ 1,590,000		$ 2,730,000
Repayments of Debt			1,140,000
Townplace Suites Fort Worth [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 5,783	5,915
Debt Instrument, Interest Rate, Stated Percentage			4.70%
Debt Instrument, Maturity Date			Sep. 27, 2024
Description of Loan Modifications			April 2020 payment was interest only. Six-month deferral of principal from April to September 2020. Two months deferral of interest payments for May and June, 2020.Three months interest only payments from July to September, 2020.
Hampton Inn Houston [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 4,181	4,342
Debt Instrument, Interest Rate, Stated Percentage			5.25%
Debt Instrument, Maturity Date			Apr. 28, 2023
Description of Loan Modifications			Seven-month deferral of principal and interest payments for payments due March 28, 2020 through September 28, 2020. Six months interest only for payments due October 28, 2020 through March 28, 2021
Residence Inn Houston Medical Center 1 [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 28,703	28,854
Debt Instrument, Interest Rate, Stated Percentage			5.00%
Debt Instrument, Maturity Date			Oct. 1, 2024
Description of Loan Modifications			Deferral of principal and interest payments for six months from April to September, 2020. Interest only payments for an additional twelve months from October 2020 to September 2021
U S Small Business Administration [Member]
Short-term Debt [Line Items]
Long-term Debt, Gross			$ 7,500
Debt Instrument, Interest Rate, Stated Percentage			3.75%

Scheduled maturities of the Com

Scheduled maturities of the Company’s notes payable as of December 31, 2021 are as follows (in thousands): (Details) $ in Thousands	Dec. 31, 2021USD ($)
Years ending December 31,
2022	$ 5,091
2023	21,602
2024	90,703
2025	77,672
2026	39,140
Thereafter	7,468
Total	$ 241,676

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended	12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2021	Mar. 30, 2021	Dec. 31, 2020
Short-term Debt [Line Items]
Borrowings maximum percentage of net assets			300.00%
[custom:BorrowingsMaximumPercentageNetAssets]			300.00%
Fair value of notes payable			$ 242,000,000		$ 240,000,000
Moody National Capital LLC [Member] | Promissory Note [Member]
Short-term Debt [Line Items]
Principal amount				$ 8,000,000
Extend maturity date			2 years
Line of Credit Facility, Remaining Borrowing Capacity				2,000,000
Line of Credit Facility, Maximum Borrowing Capacity				$ 10,000,000
Maturity date			Mar. 29, 2024
Moody National Capital LLC [Member] | Promissory Note [Member] | Minimum [Member]
Short-term Debt [Line Items]
Basis spread interest rate			4.75%
Moody National Capital LLC [Member] | Promissory Note [Member] | Maximum [Member]
Short-term Debt [Line Items]
Basis spread interest rate			6.75%
Moody National Capital LLC [Member] | Second Related Party Note [Member]
Short-term Debt [Line Items]
Principal amount		$ 10,000,000
Extend maturity date		2 years
Maturity date		Jun. 30, 2024
Moody National Capital LLC [Member] | Second Related Party Note [Member] | Minimum [Member]
Short-term Debt [Line Items]
Basis spread interest rate		6.75%
Moody National Capital LLC [Member] | Second Related Party Note [Member] | Maximum [Member]
Short-term Debt [Line Items]
Basis spread interest rate		8.75%
Moody National Capital LLC [Member] | Third Related Party Note [Member]
Short-term Debt [Line Items]
Principal amount			$ 10,000,000
Extend maturity date	2 years
Maturity date	Aug. 20, 2024
Moody National Capital LLC [Member] | Third Related Party Note [Member] | Minimum [Member]
Short-term Debt [Line Items]
Basis spread interest rate	7.75%
Moody National Capital LLC [Member] | Third Related Party Note [Member] | Maximum [Member]
Short-term Debt [Line Items]
Basis spread interest rate	9.75%
U S Small Business Administration [Member]
Short-term Debt [Line Items]
Principal amount			$ 500,000
Extend maturity date			30 years
Basis spread interest rate			3.75%

Schedule of shares outstanding

Schedule of shares outstanding (Details) - shares	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	13,630,000	13,630,000
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	13,000
Common Class T [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	481
Common Class I [Member]
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	159

The following table summarizes

The following table summarizes distributions paid in cash and pursuant to the DRP for the years ended December 31, 2021 and 2020 (in thousands): (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended	12 Months Ended
		Mar. 31, 2020	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020
Equity [Abstract]
Cash distribution		$ 4,404	$ 4,404		$ 4,404
Distribution paid pursuant to DRIP	[1]	1,392	1,392
Total amount of distribution		$ 5,796	$ 5,796
[1]	Amount of distributions paid in shares of common stock pursuant to the DRP.

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Aug. 15, 2014	Dec. 31, 2021	Dec. 31, 2020	Jun. 26, 2017
Subsidiary, Sale of Stock [Line Items]
Common Stock, Shares Authorized		1,000,000,000	1,000,000,000
Preferred Stock, Shares Authorized		100,000,000	100,000,000
Common Stock, Par or Stated Value Per Share		$ 0.01	$ 0.01
Stock Issued During Period, Value, New Issues			$ 9,730,000
Common Stock, Shares, Outstanding		13,630,000	13,630,000
Common Stock, Shares, Issued		13,640,000	13,640,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number		60,000
Noncontrolling interests in Operating Partnership		$ 2,762,000	$ 3,395,000
Partners' Capital Account, Units		316,037
Net Income (Loss) Attributable to Noncontrolling Interest		$ 633,000	$ 828,000
Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Common Stock, Par or Stated Value Per Share				$ 0.01
Common Stock, Shares, Outstanding		13,000
Public Offerings [Member]
Subsidiary, Sale of Stock [Line Items]
Common Stock, Shares, Issued		10,200,000,000
IPO [Member] | Common Class A [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Shares, Issued for Services		3,300,000,000
Sponsor [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	8,000
Share Price	$ 25
Stock Issued During Period, Value, New Issues	$ 200,000
Common Stock, Shares, Issued		8,000

Related Party Arrangements (Det

Related Party Arrangements (Details Narrative) - USD ($)	1 Months Ended	5 Months Ended	6 Months Ended	12 Months Ended
	Jan. 16, 2018	Jun. 12, 2017	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Special Limited Partnership Interests				$ 1,000	$ 1,000
Operating expenses			$ 6,700,000
Debt [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties				28,474,000
Parent Company [Member]
Related Party Transaction [Line Items]
Operating expenses				4,800,000
Moody Securities LLC [Member]
Related Party Transaction [Line Items]
Percentage of selling commissions on gross offering	6.00%	7.00%
Percentage of dealers manager fee on gross offering	2.50%	3.00%
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Payments for commissions				9,700,000
Dealer manager fees				$ 8,500,000
Percentage of organization and offering costs				15.00%
Offering cost directly incurred by company				$ 12,300,000
Reimbursed offering cost				8,800,000
Total offering costs				21,100,000
Related Party Arrangements				$ 0
Previous percentage of acquisition fee				1.50%
Percentage of acquisition fee				3.85%
Percentage of base acquisition fee				1.50%
[custom:PercentageOfContingentAdvisorPaymentOne-0]				2.35%
Debt financing fee percentage				1.00%
Debt financing fee refinanced percentage				0.75%
Asset management fee percentage				1.00%
Maximum contract sales price percentage for disposition fee				3.00%
[custom:MaximumContractSalesPricePercentagePaidToUnaffiliatedPartiesOne-0]				6.00%
Advisor expense reimbursement - alternative 1				2.00%
Advisor expense reimbursement - alternative 2				25.00%
Operating expenses exceeding limitation				0.00%
Affiliated Entity [Member] | Asset Management [Member]
Related Party Transaction [Line Items]
Property manager property management fees				$ 3,400,000	$ 3,300,000
[custom:AccountingFees]				450,000
Affiliated Entity [Member] | IPO [Member]
Related Party Transaction [Line Items]
Offering cost directly incurred by company				12,300,000
Reimbursed offering cost				6,100,000
Total offering costs				18,400,000
Affiliated Entity [Member] | Follow-on offering [Member]
Related Party Transaction [Line Items]
Offering cost directly incurred by company				0
Total offering costs				$ 2,700,000
Moody National Hospitality Management, LLC - Property Manager (Member]
Related Party Transaction [Line Items]
Monthly hotel management fee percentage				4.00%
Agreement term				10 years
Moody National Hospitality Management, LLC - Property Manager (Member] | Investment Advisory, Management and Administrative Service [Member]
Related Party Transaction [Line Items]
Property manager property management fees				$ 4,800,000

The following is a summary of a

The following is a summary of activity under the Independent Directors Compensation Plan for the years ended December 31, 2021 and 2020: (Details) - Independent Directors Compensation Plan [Member] - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance of non-vested shares at beginning	5,000	7,500
Balance of non-vested shares at beginning	$ 23.50	$ 23.32
Shares granted	5,000	5,000
Shares granted	$ 23.50	$ 23.50
Shares vested	(5,000)	(7,500)
Shares vested	$ 23.50	$ 23.32
Balance of non-vested shares at end	5,000	5,000
Balance of non-vested shares at end	$ 23.50	$ 23.50

Incentive Award Plan (Details N

Incentive Award Plan (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Expense		$ 117,000,000	$ 147,000,000
Independent Directors Compensation Plan [Member] | Restricted Stock [Member] | Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		5,000
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 99,000
Independent Directors Compensation Plan [Member] | Restricted Stock [Member] | Management [Member] | IPO [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Entitlement deferred compensation arrangement with individual shares issued	5,000
Minimum offering amount threshold		$ 2,000,000
Deferred compensation arrangement with individual shares issued 1		5,000
Deferred compensation arrangement with individual shares issued 2		2,500
Incentive Award Plan and Independent Directors Compensation Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant		1,935,000

Subordinated Participation In_2

Subordinated Participation Interest (Details Narrative)	Dec. 31, 2021
Subordinated Participation Interest
Maximum percentage of income received to special unit holders	15.00%
Percentage of additional operating income received	6.00%
Percentage of cumulative annual return received	8.00%

Under certain management and de

Under certain management and debt agreements existing at December 31, 2021, the Company escrows payments required for property improvement plans, real estate taxes, replacement of hotel furniture and fixtures, debt service and rent holdback. The compositi (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Real estate taxes	$ 4,447	$ 2,235
Insurance	382	148
Hotel furniture and fixtures	5,483	1,762
Debt service	2,762	1,557
Property improvement plan	158	158
Total restricted cash	$ 13,232	$ 5,860

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - Moody National REIT I, Inc [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Loss Contingencies [Line Items]
Franchise fees	$ 5,000,000	$ 3,500,000
Minimum [Member]
Loss Contingencies [Line Items]
Term of franchise agreements	10 years
Royalty fees on room revenue	3.00%
Additional franchise fees on room revenue	1.50%
Maximum [Member]
Loss Contingencies [Line Items]
Term of franchise agreements	20 years
Royalty fees on room revenue	6.00%
Additional franchise fees on room revenue	4.30%

The income tax expense (benefit

The income tax expense (benefit) for the years ended December 31, 2021 and 2020 consisted of the following (in thousands): (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current expense	$ (17)	$ 107
Deferred benefit	(4,530)	(6,659)
Valuation provision for deferred benefit	4,530	6,659
Total expense	(17)	107
Federal	(4,530)	(6,659)
Valuation provision for federal taxes	4,530	6,659
State	(17)	107
Total tax expense	$ (17)	$ 107

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net operating loss carry-forwards	$ 700,000
Deferred tax assets	2,300,000	$ 2,300,000
Deferred tax assets, valuation allowance	14,500,000	$ 10,000,000
Net deferred tax assets	$ 2,300,000
Description of loss carryforwards expiration	2033 through 2038 if not utilized by then
Subsidiaries [Member]
Net operating loss carry-forwards	$ 58,500,000
Subsidiaries [Member] | Moody National REIT I, Inc [Member]
Net operating loss carry-forwards	$ 7,300,000

SCHEDULE III REAL ESTATE ASSETS

SCHEDULE III REAL ESTATE ASSETS AND ACCUMULATED DEPRECIATION (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Real Estate Properties [Line Items]
Encumbrances	$ 234,176
Initial Cost of land	76,936
"Initial Cost of building, improvements and FF&E"	374,835
Total	451,771
Cost Capitalized Subsequent to Aquisition	24,619
Total Cost of land	76,936
"Total Cost of building, improvements and FF&E"	399,454
Total Cost	476,390	$ 475,820
Accumulated Depreciation and Amortization	63,418	48,019
Tax basis cost of real estate	432
Gain on acquisition of hotel property	2,000,000
Real estate:
Balance at the beginning of the year	475,820	473,737
Improvements and additions	570	2,083
Balance at the end of the year	476,390	475,820
Accumulated depreciation:
Balance at the beginning of the year	48,019	327,128
Depreciation	15,399	15,307
Balance at the end of the year	$ 63,418	$ 48,019
Wholly Owned Properties [Member]
Real Estate Properties [Line Items]
Description	Residence Inn Austin
Location	Austin, Texas
Ownership percent	100.00%
Encumbrances	$ 15,757
Initial Cost of land	4,310
"Initial Cost of building, improvements and FF&E"	23,190
Total	27,500
Cost Capitalized Subsequent to Aquisition	703
Total Cost of land	4,310
"Total Cost of building, improvements and FF&E"	23,893
Total Cost	28,203
Accumulated Depreciation and Amortization	$ 4,536
Original Date of Construction	2014
Date Acquired	Oct. 15, 2015
Real estate:
Balance at the end of the year	$ 28,203
Accumulated depreciation:
Balance at the end of the year	$ 4,536
Wholly Owned Properties 14 [Member]
Real Estate Properties [Line Items]
Description	Springhill Suites Seattle
Location	Seattle, Washington
Ownership percent	100.00%
Encumbrances	$ 42,634
Initial Cost of land	14,040
"Initial Cost of building, improvements and FF&E"	60,060
Total	74,100
Cost Capitalized Subsequent to Aquisition	9,256
Total Cost of land	14,040
"Total Cost of building, improvements and FF&E"	69,316
Total Cost	83,356
Accumulated Depreciation and Amortization	$ 11,647
Original Date of Construction	2001
Date Acquired	May 24, 2016
Real estate:
Balance at the end of the year	$ 83,356
Accumulated depreciation:
Balance at the end of the year	$ 11,647
Wholly Owned Properties 1 [Member]
Real Estate Properties [Line Items]
Description	Homewood Suites   Woodlands
Location	The Woodlands, Texas
Ownership percent	100.00%
Encumbrances	$ 8,594
Initial Cost of land	2,828
"Initial Cost of building, improvements and FF&E"	14,528
Total	17,356
Cost Capitalized Subsequent to Aquisition	502
Total Cost of land	2,828
"Total Cost of building, improvements and FF&E"	15,030
Total Cost	17,858
Accumulated Depreciation and Amortization	$ 2,333
Original Date of Construction	2001
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 17,858
Accumulated depreciation:
Balance at the end of the year	$ 2,333
Wholly Owned Properties 2 [Member]
Real Estate Properties [Line Items]
Description	Hyatt Place Germantown
Location	Germantown, Tennessee
Ownership percent	100.00%
Encumbrances	$ 6,524
Initial Cost of land	1,874
"Initial Cost of building, improvements and FF&E"	14,200
Total	16,074
Cost Capitalized Subsequent to Aquisition	727
Total Cost of land	1,874
"Total Cost of building, improvements and FF&E"	14,927
Total Cost	16,801
Accumulated Depreciation and Amortization	$ 2,365
Original Date of Construction	2009
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 16,801
Accumulated depreciation:
Balance at the end of the year	$ 2,365
Wholly Owned Properties 3 [Member]
Real Estate Properties [Line Items]
Description	Hyatt Place North  Charleston
Location	North Charleston, South Carolina
Ownership percent	100.00%
Encumbrances	$ 6,730
Initial Cost of land	783
"Initial Cost of building, improvements and FF&E"	13,023
Total	13,806
Cost Capitalized Subsequent to Aquisition	614
Total Cost of land	783
"Total Cost of building, improvements and FF&E"	13,637
Total Cost	14,420
Accumulated Depreciation and Amortization	$ 2,149
Original Date of Construction	2009
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 14,420
Accumulated depreciation:
Balance at the end of the year	$ 2,149
Wholly Owned Properties 4 [Member]
Real Estate Properties [Line Items]
Description	Hampton Inn Austin
Location	Austin, Texas
Ownership percent	100.00%
Encumbrances	$ 10,073
Initial Cost of land	4,329
"Initial Cost of building, improvements and FF&E"	14,999
Total	19,328
Cost Capitalized Subsequent to Aquisition	363
Total Cost of land	4,329
"Total Cost of building, improvements and FF&E"	15,362
Total Cost	19,691
Accumulated Depreciation and Amortization	$ 2,724
Original Date of Construction	1997
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 19,691
Accumulated depreciation:
Balance at the end of the year	$ 2,724
Wholly Owned Properties 5 [Member]
Real Estate Properties [Line Items]
Description	Residence Inn   Grapevine
Location	Grapevine, Texas
Ownership percent	100.00%
Encumbrances	$ 11,625
Initial Cost of land	2,028
"Initial Cost of building, improvements and FF&E"	23,217
Total	25,245
Cost Capitalized Subsequent to Aquisition	609
Total Cost of land	2,028
"Total Cost of building, improvements and FF&E"	23,826
Total Cost	25,854
Accumulated Depreciation and Amortization	$ 3,670
Original Date of Construction	2007
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 25,854
Accumulated depreciation:
Balance at the end of the year	$ 3,670
Wholly Owned Properties 6 [Member]
Real Estate Properties [Line Items]
Description	Marriott Courtyard  Lyndhurst
Location	Lyndhurst, New Jersey
Encumbrances	$ 18,420
Initial Cost of land	2,663
"Initial Cost of building, improvements and FF&E"	36,884
Total	39,547
Cost Capitalized Subsequent to Aquisition	486
Total Cost of land	2,663
"Total Cost of building, improvements and FF&E"	37,370
Total Cost	40,033
Accumulated Depreciation and Amortization	$ 5,690
Original Date of Construction	1990
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 40,033
Accumulated depreciation:
Balance at the end of the year	$ 5,690
Wholly Owned Properties 7 [Member]
Real Estate Properties [Line Items]
Description	Hilton Garden Inn  Austin
Location	Austin, Texas
Ownership percent	100.00%
Encumbrances	$ 17,564
Initial Cost of land	9,058
Total	29,288
Cost Capitalized Subsequent to Aquisition	930
Total Cost of land	9,058
"Total Cost of building, improvements and FF&E"	21,160
Total Cost	30,218
Accumulated Depreciation and Amortization	$ 3,802
Original Date of Construction	2002
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 30,218
Accumulated depreciation:
Balance at the end of the year	$ 3,802
Wholly Owned Properties 8 [Member]
Real Estate Properties [Line Items]
Description	Hampton Inn Great Valley
Location	Frazer, Pennsylvania
Ownership percent	100.00%
Encumbrances	$ 7,617
Initial Cost of land	1,730
"Initial Cost of building, improvements and FF&E"	13,555
Total	15,285
Cost Capitalized Subsequent to Aquisition	1,743
Total Cost of land	1,730
"Total Cost of building, improvements and FF&E"	15,298
Total Cost	17,028
Accumulated Depreciation and Amortization	$ 3,012
Original Date of Construction	1998
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 17,028
Accumulated depreciation:
Balance at the end of the year	$ 3,012
Wholly Owned Properties 9 [Member]
Real Estate Properties [Line Items]
Description	Embassy Suites  Nashville
Location	Nashville, Tennessee
Ownership percent	100.00%
Encumbrances	$ 39,660
Initial Cost of land	14,805
"Initial Cost of building, improvements and FF&E"	67,402
Total	82,207
Cost Capitalized Subsequent to Aquisition	4,254
Total Cost of land	14,805
"Total Cost of building, improvements and FF&E"	71,656
Total Cost	86,461
Accumulated Depreciation and Amortization	$ 10,799
Original Date of Construction	2001
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 86,461
Accumulated depreciation:
Balance at the end of the year	$ 10,799
Wholly Owned Properties 10 [Member]
Real Estate Properties [Line Items]
Description	Homewood Suites Austin
Location	Austin, Texas
Ownership percent	100.00%
Encumbrances	$ 10,311
Initial Cost of land	4,218
"Initial Cost of building, improvements and FF&E"	14,617
Total	18,835
Cost Capitalized Subsequent to Aquisition	878
Total Cost of land	4,218
"Total Cost of building, improvements and FF&E"	15,495
Total Cost	19,713
Accumulated Depreciation and Amortization	$ 2,792
Original Date of Construction	1998
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 19,713
Accumulated depreciation:
Balance at the end of the year	$ 2,792
Wholly Owned Properties 11 [Member]
Real Estate Properties [Line Items]
Description	TownPlace Suites  Fort Worth
Location	Fort Worth, Texas
Encumbrances	$ 5,783
Initial Cost of land	4,240
"Initial Cost of building, improvements and FF&E"	7,002
Total	11,242
Cost Capitalized Subsequent to Aquisition	169
Total Cost of land	4,240
"Total Cost of building, improvements and FF&E"	7,171
Total Cost	11,411
Accumulated Depreciation and Amortization	$ 1,376
Original Date of Construction	1998
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 11,411
Accumulated depreciation:
Balance at the end of the year	$ 1,376
Wholly Owned Properties 12 [Member]
Real Estate Properties [Line Items]
Description	Hampton Inn Houston
Location	Houston, Texas
Ownership percent	100.00%
Encumbrances	$ 4,181
Initial Cost of land	3,550
"Initial Cost of building, improvements and FF&E"	6,408
Total	9,958
Cost Capitalized Subsequent to Aquisition	3,341
Total Cost of land	3,550
"Total Cost of building, improvements and FF&E"	9,749
Total Cost	13,299
Accumulated Depreciation and Amortization	$ 2,405
Original Date of Construction	1995
Date Acquired	Sep. 27, 2017
Real estate:
Balance at the end of the year	$ 13,299
Accumulated depreciation:
Balance at the end of the year	$ 2,405
Wholly Owned Properties 13 [Member]
Real Estate Properties [Line Items]
Description	Residence Inn Houston  Medical Center
Location	Houston, Texas
Ownership percent	100.00%
Encumbrances	$ 28,703
Initial Cost of land	6,480
"Initial Cost of building, improvements and FF&E"	45,520
Total	52,000
Cost Capitalized Subsequent to Aquisition	44
Total Cost of land	6,480
"Total Cost of building, improvements and FF&E"	45,564
Total Cost	52,044
Accumulated Depreciation and Amortization	$ 4,118
Original Date of Construction	2019
Date Acquired	Apr. 29, 2019
Real estate:
Balance at the end of the year	$ 52,044
Accumulated depreciation:
Balance at the end of the year	$ 4,118