Moody National REIT II (MNRTII) 10-Q 13 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 08, 2022
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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 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 Common Stock, Shares Outstanding		13,640,429
Common Class A [Member]
Entity Common Stock, Shares Outstanding		13,000,645
Common Class I [Member]
Entity Common Stock, Shares Outstanding		159,092
Common Class T [Member]
Entity Common Stock, Shares Outstanding		480,692

CONSOLIDATED BALANCE SHEETS (un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Investment in hotel properties, net	$ 409,410	$ 412,972
Cash and cash equivalents	5,500	6,049
Restricted cash	11,992	13,232
Accounts receivable, net of allowance of $35 as of March 31, 2022 and December 31, 2021	1,781	1,015
Prepaid expenses and other assets	2,904	2,890
Deferred franchise costs, net of accumulated amortization of $403 and $383 at March 31, 2022 and December 31, 2021, respectively	664	684
Total Assets	432,251	436,842
Liabilities:
Note payable, net of unamortized debt issuance costs of $1,769 and $1,937 as of March 31, 2022 and December 31, 2021	238,479	239,739
Notes payable to related party	29,770	28,474
Accounts payable and accrued expenses	13,342	14,128
Due to related parties, net	3,392	953
Dividends payable	70	70
Total Liabilities	285,053	283,364
Special Limited Partnership Interests	1	1
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 shares issued and outstanding at March 31, 2022 and December 31, 2021	136	136
Additional paid-in capital	305,586	305,562
Accumulated deficit	(161,144)	(154,983)
Total stockholders’ equity	144,578	150,715
Noncontrolling interests in Operating Partnership	2,619	2,762
Total Equity	147,197	153,477
Total Liabilities and Equity	$ 432,251	$ 436,842

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 35	$ 35
Accumulated amortization, deferred franchise costs	403	383
Unamortized debt issuance costs, note payable	$ 1,769	$ 1,937
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	100,000,000	100,000,000
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	1,000,000,000	1,000,000,000
Common stock, issued	13,640,000	13,640,000
Common stock, outstanding	13,640,000	13,640,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue
Total hotel revenue	$ 15,720	$ 9,670
Interest and dividend income		1
Total revenue	15,720	9,671
Expenses
Hotel operating expenses	11,011	8,251
Property taxes, insurance and other	1,676	1,896
Depreciation and amortization	3,939	3,865
Corporate general and administrative	1,854	1,989
Total expenses	18,480	16,001
Operating loss	(2,760)	(6,330)
Other expenses
Interest expense and amortization of debt issuance costs	3,514	2,934
Loss on sale of marketable securities		245
Unrealized gain on change in fair value of investment in marketable securities		(397)
Total other expenses	3,514	2,782
Loss before income taxes	(6,274)	(9,112)
Income tax expense (benefit)	30	(81)
Net loss	(6,304)	(9,031)
Loss attributable to noncontrolling interests in Operating Partnership	143	205
Net loss attributable to common stockholders	$ (6,161)	$ (8,826)
Per-share information - basic and diluted:
Net loss attributable to common stockholders - basic	$ (0.45)	$ (0.65)
Net loss attributable to common stockholders - diluted	$ (0.45)	$ (0.65)
Weighted average common shares outstanding - basic	13,640	13,635
Weighted average common shares outstanding - diluted	13,640	13,635
Occupancy [Member]
Revenue
Total hotel revenue	$ 14,792	$ 8,987
Hotel, Other [Member]
Revenue
Total hotel revenue	$ 928	$ 683

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (unaudited) - 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, 2021 at Dec. 31, 2020	$ 181,291		$ 136	$ 305,446	$ (127,686)	$ 3,395
Beginning balance (in shares) at Dec. 31, 2020			13,630,000
Beginning balance (in shares) at Dec. 31, 2020						316,000
Stock-based compensation	32			32
Stock-based compensation (in shares)			5,000
Net loss	(9,031)				(8,826)	(205)
Balance at March 31, 2022 at Mar. 31, 2021	172,292		$ 136	305,478	(136,512)	$ 3,190
Ending balance (in shares) at Mar. 31, 2021			13,635,000
Ending balance (in shares) at Mar. 31, 2021						316,000
Balance at December 31, 2021 at Dec. 31, 2021	153,477		$ 136	305,562	(154,983)	$ 2,762
Beginning balance (in shares) at Dec. 31, 2021			13,640,000
Beginning balance (in shares) at Dec. 31, 2021						316,000
Stock-based compensation	24			24
Stock-based compensation (in shares)
Net loss	(6,304)				(6,161)	(143)
Balance at March 31, 2022 at Mar. 31, 2022	$ 147,197		$ 136	$ 305,586	$ (161,144)	$ 2,619
Ending balance (in shares) at Mar. 31, 2022			13,640,000
Ending balance (in shares) at Mar. 31, 2022	316,037					316,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net loss	$ (6,304)	$ (9,031)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	3,939	3,865
Amortization of debt issuance costs	168	168
Loss on sale of securities		245
Unrealized gain on change in fair value of investment in marketable securities		(397)
Stock-based compensation	24	32
Changes in operating assets and liabilities
Accounts receivable	(766)	(446)
Prepaid expenses and other assets	(14)	137
Accounts payable and accrued expenses	(786)	(1,694)
Due to related parties	2,439	(3,055)
Net cash used in operating activities	(1,300)	(10,176)
Cash flows from investing activities
Proceeds of sales of marketable securities		2,188
Improvements and additions to hotel properties	(357)	(30)
Net cash (used in) provided by investing activities	(357)	2,158
Cash flows from financing activities
Repayment of notes payable	(1,428)	(901)
Proceeds of notes payable to related party	1,296	8,000
Net cash (used in) provided by financing activities	(132)	7,099
Net change in cash and cash equivalents and restricted cash	(1,789)	(919)
Cash and cash equivalents and restricted cash at beginning of period	19,281	10,502
Cash and cash equivalents and restricted cash at end of period	17,492	9,583
Supplemental Disclosure of Cash Flow Activity
Interest paid	3,046	3,166
Income tax refund received	87
Supplemental Disclosure of Non-Cash Financing Activity
Dividends payable	$ 70	$ 70

Organization

Organization	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, 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 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 million shares in the Company’s initial public offering and follow-on offering, excluding shares issued in connection with the Company’s merger with Moody National REIT I, Inc. and including 567,000 shares pursuant to the DRP, resulting in gross offering proceeds of $ 234.6 4.1 million shares in the follow-on offering, including 352,000 shares pursuant to the DRP, resulti 87.2 million for the follow-on offering. 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 Quarterly Report, the Company is current with respect to the payments due under the mortgage loans secured by the Company’s hotel properties and or is in compliance with the modified terms of certain mortgage loans as agreed to with the lenders and other accommodations. As discussed in Note 4, “Debt,” certain lenders have already 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 Quarterly 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	3 Months Ended
	Mar. 31, 2022
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 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 March 31, 2022, total offering costs for the initial public offering and the follow-on offering were $ 21.1 12.3 million 8.8 million 18.4 12.3 6.1 million 2.7 0 2.7 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 March 31, 2022. 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 March 31, 2022, 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 a component of 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 three months ended March 31, 2022 and 2021. 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 All of the Company’s investment in marketable securities were sold during the three months ended March 31, 2021. For the three months ended March 31, 2021, unrealized gain on change in fair value of investment in marketable securities was $ 397,000 245,000 Dividend income is recognized when earned. For the three months ended March 31, 2021, dividend income of $ 1,000 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 $ 403,000 383,000 Expected future amortization of deferred franchise costs as of March 31, 2022 is as follows (in thousands): Years Ending December 31, 2022 $ 62 2023 77 2024 77 2025 77 2026 76 Thereafter 295 Total $ 664 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 $ 5.6 million 5.4 million Expected future amortization of debt issuance costs as of March 31, 2022 is as follows (in thousands): Years Ending December 31, 2022 $ 509 2023 632 2024 440 2025 152 2026 36 Total $ 1,769 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 3,750 5,000

Investment in Hotel Properties

Investment in Hotel Properties	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 (all $ amounts in thousands): Property Name Date Acquired Location Ownership Interest Original Price (1) Rooms Mortgage Debt Outstanding (2) Residence Inn Austin October 15, 2015 Austin, Texas 100 % $ 27,500 112 $ 15,683 Springhill Suites Seattle May 24, 2016 Seattle, Washington 100 % 74,100 234 42,427 Homewood Suites Woodlands September 27, 2017 (5) The Woodlands, Texas 100 % 17,356 91 8,550 Hyatt Place Germantown September 27, 2017 (5) Germantown, Tennessee 100 % 16,074 127 6,478 Hyatt Place North Charleston September 27, 2017 (5) North Charleston, South Carolina 100 % 13,806 113 6,688 Hampton Inn Austin September 27, 2017 (5) Austin, Texas 100 % 19,328 123 10,015 Residence Inn Grapevine September 27, 2017 (5) Grapevine, Texas 100 % 25,245 133 11,558 Marriott Courtyard Lyndhurst September 27, 2017 (5) Lyndhurst, New Jersey — (3) 39,547 227 18,311 Hilton Garden Inn Austin September 27, 2017 (5) Austin, Texas 100 % 29,288 138 17,386 Hampton Inn Great Valley September 27, 2017 (5) Frazer, Pennsylvania 100 % 15,285 125 7,566 Embassy Suites Nashville September 27, 2017 (5) Nashville, Tennessee 100 % 82,207 208 39,445 Homewood Suites Austin September 27, 2017 (5) Austin, Texas 100 % 18,835 96 10,216 Townplace Suites Fort Worth September 27, 2017 (5) Fort Worth, Texas — (4) 11,242 95 5,748 Hampton Inn Houston September 27, 2017 (5) Houston, Texas 100 % 9,958 119 4,126 Residence Inn Houston Medical Center April 29, 2019 (6) Houston, Texas 100 % 52,000 182 28,551 Totals $ 451,771 2,123 $ 232,748 (1) Excludes closing costs and includes gain on acquisition. (2) As of March 31, 2022. (3) The Marriott Courtyard Lyndhurst is owned by MN Lyndhurst Venture, LLC, of which the OP is a member and holds 100% of the Class B membership interests therein. See Note 4, “Debt.” (4) The Townplace Suites Fort Worth is owned by MN Fort Worth Venture, LLC, of which the OP is a member and holds 100% of the Class B membership interests therein. See Note 4, “Debt.” (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 March 31, 2022 and December 31, 2021 (all amounts in thousands): March 31, 2022 December 31, 2021 Land $ 76,936 $ 76,936 Buildings and improvements 338,729 338,729 Furniture, fixtures and equipment 61,082 60,725 Total cost 476,747 476,390 Accumulated depreciation (67,337 ) (63,418 ) Investment in hotel properties, net $ 409,410 $ 412,972

Debt

Debt	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 and December 31, 2021, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands): Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Residence Inn Austin $ 15,683 $ 15,757 4.580 % November 1, 2025 Lender forbore the collection of 75 1.1 million 25 Springhill Suites Seattle 42,427 42,634 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 8,550 8,594 4.690 % April 11, 2025 Hyatt Place Germantown 6,478 6,524 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 Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Hyatt Place North Charleston 6,688 6,730 5.193 % August 1, 2023 Payment of $ 100,000 Hampton Inn Austin 10,015 10,073 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 11,558 11,625 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 940,000 Marriott Courtyard Lyndhurst 18,311 18,420 4.700 % September 27, 2024 Six months payment of interest only from April to September, 2020. Hilton Garden Inn Austin 17,386 17,564 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 7,566 7,617 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 Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Embassy Suites Nashville 39,445 39,660 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 10,216 10,311 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 5,748 5,783 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 4,126 4,181 5.500 % 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. Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Residence Inn Houston Medical Center 28,551 28,703 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 7,500 3.750 % November 2051 Total notes payable 240,248 241,676 Less unamortized debt issuance costs (1,769 ) (1,937 ) Total notes payable, net of unamortized debt issuance costs $ 238,479 $ 239,739 Monthly payments of principal and interest are due and payable until the maturity date, except that monthly installments of principal and interest begin two years from the dates of the U.S. Small Business Administration Economic Injury Disaster Loans. Hotel properties secure their respective loans. Scheduled maturities of the Company’s notes payable as of March 31, 2022 are as follows (all amounts in thousands): Years ending December 31, 2022 $ 3,805 2023 21,605 2024 90,621 2025 77,608 2026 39,141 Thereafter 7,468 Total $ 240,248 Economic Injury Disaster Loans The Company entered into fifteen Loans (“Loans”) of $ 500,000 30 years 3.75 7,500,000 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 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 years 6.75 8.75 10.0 million From August 20, 2021 to March 31, 2022, Moody Capital made a series of advances to the Company to meet specific cash flow needs and has received repayments from the Company based on the Company’s specific available cash flow 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 7.75 9.75 9,770,000 8,474,000 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 March 31, 2022 and December 31, 2021, was $ 240 242

Equity

Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Equity	5. Equity Capitalization Under its Charter, the Company has the authority to issue 1 100 0.01 8,000 25.00 200,000 13.6 million 10.2 million 3.3 million 8,000 65,000 Schedule of shares outstanding Class Shares 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 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. Noncontrolling Interest in Operating Partnership Noncontrolling interest in the OP at March 31, 2022 and December 31, 2021 was $ 2.6 million 2.8 million 316,037 143,000 205,000

Related Party Arrangements

Related Party Arrangements	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, total offering costs for the initial public offering and the follow-on offering were $ 21.1 million 12.3 million 8.8 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 actually acquires the related assets. The Company did not reimburse the Advisor for any acquisition expenses during the three months ended March 31, 2022 and 2021. 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 861,000 112,000 The Company pays an annual incentive fee to Property Manager. Such annual incentive fee is equal to 15 8.5 may pay some or all of this annual incentive fee to third-party sub-property managers for management services. Asset Management Fee The Company pays the Advisor a monthly asset management fee of one-twelfth of 1.0 1.2 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 6.6 million 4.8 million 1.8 million 6.6 million 0 2 25 1.8 500,000

Incentive Award Plan

Incentive Award Plan	3 Months Ended
	Mar. 31, 2022
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 $ 24,000 32,000 3,750 55,000 The following is a summary of activity under the Independent Directors Compensation Plan for the three months ended March 31, 2022 and year ended December 31, 2021: Number of Weighted Balance of non-vested shares as of December 31, 2020 5,000 $ 23.50 Shares granted on November 12, 2021 5,000 $ 19.40 Shares vested (5,000 ) $ 23.50 Balance of non-vested shares as of December 31, 2021 5,000 $ 19.40 Shares vested (1,250 ) $ 19.40 Balance of non-vested shares as of March 31, 2022 3,750 $ 19.40

Subordinated Participation Inte

Subordinated Participation Interest	3 Months Ended
	Mar. 31, 2022
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	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Restricted Cash Under certain management and debt agreements existing at March 31, 2022, 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 March 31, 2022 and December 31, 2021 are as follows (all amounts in in thousands): March 31, December 31, Real estate taxes $ 2,885 $ 4,447 Insurance 100 382 Hotel furniture and fixtures 5,502 5,483 Debt service 3,347 2,762 Property improvement plan 158 158 Total restricted cash $ 11,992 $ 13,232 Franchise Agreements As March 31, 2022, 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 1.4 million 856,000

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022, 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 15.5 million 14.5 million 80.1 million 7.3 million The income tax expense for the three months ended March 31, 2022 and 2021 consisted of the following (in thousands): Three months ended 2022 2021 Current expense (benefit) $ 30 $ (81 ) Deferred benefit (990 ) (1,582 ) Valuation provision for deferred benefit 990 1,582 Total expense (benefit) $ 30 $ (81 ) Federal $ (990 ) $ (1,582 ) Valuation provision for federal taxes 990 1,582 State 30 (81 ) Total tax expense (benefit) $ 30 $ (81 ) On March 31, 2022, the Company had net deferred tax assets of $ 2.3 million 2033 through 2038 if not utilized by then

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
Subsequent Events	11. Subsequent Events 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 and overall financial condition. See Note 1, “Organization.”

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
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 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 March 31, 2022, total offering costs for the initial public offering and the follow-on offering were $ 21.1 12.3 million 8.8 million 18.4 12.3 6.1 million 2.7 0 2.7 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 March 31, 2022. 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 March 31, 2022, 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 a component of 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 three months ended March 31, 2022 and 2021. 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 All of the Company’s investment in marketable securities were sold during the three months ended March 31, 2021. For the three months ended March 31, 2021, unrealized gain on change in fair value of investment in marketable securities was $ 397,000 245,000 Dividend income is recognized when earned. For the three months ended March 31, 2021, dividend income of $ 1,000
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 $ 403,000 383,000 Expected future amortization of deferred franchise costs as of March 31, 2022 is as follows (in thousands): Years Ending December 31, 2022 $ 62 2023 77 2024 77 2025 77 2026 76 Thereafter 295 Total $ 664
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 $ 5.6 million 5.4 million Expected future amortization of debt issuance costs as of March 31, 2022 is as follows (in thousands): Years Ending December 31, 2022 $ 509 2023 632 2024 440 2025 152 2026 36 Total $ 1,769
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 3,750 5,000

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 is as follows (in thousands):	Expected future amortization of deferred franchise costs as of March 31, 2022 is as follows (in thousands): Years Ending December 31, 2022 $ 62 2023 77 2024 77 2025 77 2026 76 Thereafter 295 Total $ 664
Expected future amortization of debt issuance costs as of March 31, 2022 is as follows (in thousands):	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 $ 5.6 million 5.4 million Expected future amortization of debt issuance costs as of March 31, 2022 is as follows (in thousands): Years Ending December 31, 2022 $ 509 2023 632 2024 440 2025 152 2026 36 Total $ 1,769

Investment in Hotel Properties

Investment in Hotel Properties (Tables)	3 Months Ended
	Mar. 31, 2022
Real Estate [Abstract]
The following table sets forth summary information regarding the Company’s investment in hotel properties as of March 31, 2022 (all $ amounts in thousands):	The following table sets forth summary information regarding the Company’s investment in hotel properties as of March 31, 2022 (all $ amounts in thousands): Property Name Date Acquired Location Ownership Interest Original Price (1) Rooms Mortgage Debt Outstanding (2) Residence Inn Austin October 15, 2015 Austin, Texas 100 % $ 27,500 112 $ 15,683 Springhill Suites Seattle May 24, 2016 Seattle, Washington 100 % 74,100 234 42,427 Homewood Suites Woodlands September 27, 2017 (5) The Woodlands, Texas 100 % 17,356 91 8,550 Hyatt Place Germantown September 27, 2017 (5) Germantown, Tennessee 100 % 16,074 127 6,478 Hyatt Place North Charleston September 27, 2017 (5) North Charleston, South Carolina 100 % 13,806 113 6,688 Hampton Inn Austin September 27, 2017 (5) Austin, Texas 100 % 19,328 123 10,015 Residence Inn Grapevine September 27, 2017 (5) Grapevine, Texas 100 % 25,245 133 11,558 Marriott Courtyard Lyndhurst September 27, 2017 (5) Lyndhurst, New Jersey — (3) 39,547 227 18,311 Hilton Garden Inn Austin September 27, 2017 (5) Austin, Texas 100 % 29,288 138 17,386 Hampton Inn Great Valley September 27, 2017 (5) Frazer, Pennsylvania 100 % 15,285 125 7,566 Embassy Suites Nashville September 27, 2017 (5) Nashville, Tennessee 100 % 82,207 208 39,445 Homewood Suites Austin September 27, 2017 (5) Austin, Texas 100 % 18,835 96 10,216 Townplace Suites Fort Worth September 27, 2017 (5) Fort Worth, Texas — (4) 11,242 95 5,748 Hampton Inn Houston September 27, 2017 (5) Houston, Texas 100 % 9,958 119 4,126 Residence Inn Houston Medical Center April 29, 2019 (6) Houston, Texas 100 % 52,000 182 28,551 Totals $ 451,771 2,123 $ 232,748 (1) Excludes closing costs and includes gain on acquisition. (2) As of March 31, 2022. (3) The Marriott Courtyard Lyndhurst is owned by MN Lyndhurst Venture, LLC, of which the OP is a member and holds 100% of the Class B membership interests therein. See Note 4, “Debt.” (4) The Townplace Suites Fort Worth is owned by MN Fort Worth Venture, LLC, of which the OP is a member and holds 100% of the Class B membership interests therein. See Note 4, “Debt.” (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 March 31, 2022 and December 31, 2021 (all amounts in thousands):	Investment in hotel properties consisted of the following at March 31, 2022 and December 31, 2021 (all amounts in thousands): March 31, 2022 December 31, 2021 Land $ 76,936 $ 76,936 Buildings and improvements 338,729 338,729 Furniture, fixtures and equipment 61,082 60,725 Total cost 476,747 476,390 Accumulated depreciation (67,337 ) (63,418 ) Investment in hotel properties, net $ 409,410 $ 412,972

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
As of March 31, 2022 and December 31, 2021, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands):	As of March 31, 2022 and December 31, 2021, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands): Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Residence Inn Austin $ 15,683 $ 15,757 4.580 % November 1, 2025 Lender forbore the collection of 75 1.1 million 25 Springhill Suites Seattle 42,427 42,634 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 8,550 8,594 4.690 % April 11, 2025 Hyatt Place Germantown 6,478 6,524 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 Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Hyatt Place North Charleston 6,688 6,730 5.193 % August 1, 2023 Payment of $ 100,000 Hampton Inn Austin 10,015 10,073 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 11,558 11,625 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 940,000 Marriott Courtyard Lyndhurst 18,311 18,420 4.700 % September 27, 2024 Six months payment of interest only from April to September, 2020. Hilton Garden Inn Austin 17,386 17,564 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 7,566 7,617 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 Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Embassy Suites Nashville 39,445 39,660 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 10,216 10,311 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 5,748 5,783 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 4,126 4,181 5.500 % 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. Loan Principal as of March 31, Principal as of December 31, 2021 Interest Rate at March 31, Maturity Date Loan Modifications Residence Inn Houston Medical Center 28,551 28,703 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 7,500 3.750 % November 2051 Total notes payable 240,248 241,676 Less unamortized debt issuance costs (1,769 ) (1,937 ) Total notes payable, net of unamortized debt issuance costs $ 238,479 $ 239,739
Scheduled maturities of the Company’s notes payable as of March 31, 2022 are as follows (all amounts in thousands):	Scheduled maturities of the Company’s notes payable as of March 31, 2022 are as follows (all amounts in thousands): Years ending December 31, 2022 $ 3,805 2023 21,605 2024 90,621 2025 77,608 2026 39,141 Thereafter 7,468 Total $ 240,248

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of shares outstanding	Schedule of shares outstanding Class Shares Class A Shares 13,000 Class T Shares 481 Class I Shares 159 Total 13,640

Incentive Award Plan (Tables)

Incentive Award Plan (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
The following is a summary of activity under the Independent Directors Compensation Plan for the three months ended March 31, 2022 and year ended December 31, 2021:	The following is a summary of activity under the Independent Directors Compensation Plan for the three months ended March 31, 2022 and year ended December 31, 2021: Number of Weighted Balance of non-vested shares as of December 31, 2020 5,000 $ 23.50 Shares granted on November 12, 2021 5,000 $ 19.40 Shares vested (5,000 ) $ 23.50 Balance of non-vested shares as of December 31, 2021 5,000 $ 19.40 Shares vested (1,250 ) $ 19.40 Balance of non-vested shares as of March 31, 2022 3,750 $ 19.40

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Under certain management and debt agreements existing at March 31, 2022, 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 March 31, 2022 and December 31, 2021 are as follows (all amounts in in thousands):	Under certain management and debt agreements existing at March 31, 2022, 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 March 31, 2022 and December 31, 2021 are as follows (all amounts in in thousands): March 31, December 31, Real estate taxes $ 2,885 $ 4,447 Insurance 100 382 Hotel furniture and fixtures 5,502 5,483 Debt service 3,347 2,762 Property improvement plan 158 158 Total restricted cash $ 11,992 $ 13,232

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
The income tax expense for the three months ended March 31, 2022 and 2021 consisted of the following (in thousands):	The income tax expense for the three months ended March 31, 2022 and 2021 consisted of the following (in thousands): Three months ended 2022 2021 Current expense (benefit) $ 30 $ (81 ) Deferred benefit (990 ) (1,582 ) Valuation provision for deferred benefit 990 1,582 Total expense (benefit) $ 30 $ (81 ) Federal $ (990 ) $ (1,582 ) Valuation provision for federal taxes 990 1,582 State 30 (81 ) Total tax expense (benefit) $ 30 $ (81 )

Organization (Details Narrative

Organization (Details Narrative) $ / shares in Units, $ in Thousands	Jun. 18, 2018USD ($)	Mar. 31, 2022USD ($)Number$ / sharesshares	Dec. 31, 2021USD ($)$ / 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
Special Limited Partnership Interests		$ 1	$ 1
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
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
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

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Narrative)	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)Numbershares	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)shares
Total offering costs	$ 21,100,000
Minimum number of shareholders to qualify as REIT | Number	100
Minimum percentage of taxable income to be distributed	90.00%
Marketable securities, unrealized gain (loss)		$ 397,000
Loss on sale of marketable securities		245,000
Dividend income		$ 1,000
Accumulated amortization, deferred franchise costs	403,000		$ 383,000
Debt issuance costs, accumulated amortization	$ 5,600,000		$ 5,400,000
Nonvested restricted stock included in earnings per share | shares	3,750		5,000
Affiliated Entity [Member]
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]
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]
Total offering costs	18,400,000
Offering cost directly incurred by company	12,300,000
Offering cost reimbursed to advisor	$ 6,100,000

Depreciation expense is compute

Depreciation expense is computed using the straight-line method based upon the following estimated useful lives: (Details)	3 Months Ended
	Mar. 31, 2022
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 March 31, 2022 is as follows (in thousands): (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Years Ending December 31,
Total	$ 664	$ 684
Franchise Rights [Member]
Years Ending December 31,
2022	62
2023	77
2024	77
2025	77
2026	76
Thereafter	295
Total	$ 664

Expected future amortization _2

Expected future amortization of debt issuance costs as of March 31, 2022 is as follows (in thousands): (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Years Ending December 31,
2022	$ 509
2023	632
2024	440
2025	152
2026	36
Total	$ 1,769	$ 1,937

The following table sets forth

The following table sets forth summary information regarding the Company’s investment in hotel properties as of March 31, 2022 (all $ amounts in thousands): (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)Number
Real Estate Properties [Line Items]
Property Name	Totals
Original Purchase Price	$ 451,771	[1]
Rooms | Number	2,123
Notes and Loans Payable	$ 232,748	[2]
Residence Inn Austin [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Residence Inn Austin
Location	Austin, Texas
Original Purchase Price	$ 27,500	[1]
Rooms | Number	112
Notes and Loans Payable	$ 15,683	[2]
Date Acquired	Oct. 15, 2015	[3]
Ownership Interest	100.00%
Springhill Suites Seattle [Member] | WASHINGTON
Real Estate Properties [Line Items]
Property Name	Springhill Suites Seattle
Location	Seattle, Washington
Original Purchase Price	$ 74,100	[1]
Rooms | Number	234
Notes and Loans Payable	$ 42,427	[2]
Date Acquired	May 24, 2016	[3]
Homewood Suites Woodlands [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Homewood Suites Woodlands
Location	The Woodlands, Texas
Original Purchase Price	$ 17,356	[1]
Rooms | Number	91
Notes and Loans Payable	$ 8,550	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Hyatt Place Germantown [Member] | TENNESSEE
Real Estate Properties [Line Items]
Property Name	Hyatt Place Germantown
Location	Germantown, Tennessee
Original Purchase Price	$ 16,074	[1]
Rooms | Number	127
Notes and Loans Payable	$ 6,478	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Hyatt Place North Charleston [Member] | SOUTH CAROLINA
Real Estate Properties [Line Items]
Property Name	Hyatt Place North Charleston
Location	North Charleston, South Carolina
Original Purchase Price	$ 13,806	[1]
Rooms | Number	113
Notes and Loans Payable	$ 6,688	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Hampton Inn Austin [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Hampton Inn Austin
Location	Austin, Texas
Original Purchase Price	$ 19,328	[1]
Rooms | Number	123
Notes and Loans Payable	$ 10,015	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Residence Inn Grapevine [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Residence Inn Grapevine
Location	Grapevine, Texas
Original Purchase Price	$ 25,245	[1]
Rooms | Number	133
Notes and Loans Payable	$ 11,558	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Marriott Courtyard Lyndhurst [Member] | NEW JERSEY
Real Estate Properties [Line Items]
Property Name	Marriott Courtyard Lyndhurst
Location	Lyndhurst, New Jersey
Original Purchase Price	$ 39,547	[1]
Rooms | Number	227
Notes and Loans Payable	$ 18,311	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest		[4]
Hilton Garden Inn Austin [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Hilton Garden Inn Austin
Location	Austin, Texas
Original Purchase Price	$ 29,288	[1]
Rooms | Number	138
Notes and Loans Payable	$ 17,386	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Hampton Inn Great Valley [Member] | PENNSYLVANIA
Real Estate Properties [Line Items]
Property Name	Hampton Inn Great Valley
Location	Frazer, Pennsylvania
Original Purchase Price	$ 15,285	[1]
Rooms | Number	125
Notes and Loans Payable	$ 7,566	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Embassy Suites Nashville [Member] | TENNESSEE
Real Estate Properties [Line Items]
Property Name	Embassy Suites Nashville
Location	Nashville, Tennessee
Original Purchase Price	$ 82,207	[1]
Rooms | Number	208
Notes and Loans Payable	$ 39,445	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Homewood Suites Austin [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Homewood Suites Austin
Location	Austin, Texas
Original Purchase Price	$ 18,835	[1]
Rooms | Number	96
Notes and Loans Payable	$ 10,216	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Townplace Suites Fort Worth [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Townplace Suites Fort Worth
Location	Fort Worth, Texas
Original Purchase Price	$ 11,242	[1]
Rooms | Number	95
Notes and Loans Payable	$ 5,748	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest		[5]
Hampton Inn Houston [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Hampton Inn Houston
Location	Houston, Texas
Original Purchase Price	$ 9,958	[1]
Rooms | Number	119
Notes and Loans Payable	$ 4,126	[2]
Date Acquired	Sep. 27, 2017	[3]
Ownership Interest	100.00%
Residence Inn Houston Medical Center [Member] | TEXAS
Real Estate Properties [Line Items]
Property Name	Residence Inn Houston Medical Center
Location	Houston, Texas
Original Purchase Price	$ 52,000	[1]
Rooms | Number	182
Notes and Loans Payable	$ 28,551	[2]
Date Acquired	Apr. 29, 2019
Ownership Interest	100.00%
[1]	Excludes closing costs and includes gain on acquisition.
[2]	As of March 31, 2022.
[3]	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”).
[4]	The Marriott Courtyard Lyndhurst is owned by MN Lyndhurst Venture, LLC, of which the OP is a member and holds 100% of the Class B membership interests therein. See Note 4, “Debt.”
[5]	The Townplace Suites Fort Worth is owned by MN Fort Worth Venture, LLC, of which the OP is a member and holds 100% of the Class B membership interests therein. See Note 4, “Debt.”

Investment in hotel propertie_2

Investment in hotel properties consisted of the following at March 31, 2022 and December 31, 2021 (all amounts in thousands): (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Land	$ 76,936	$ 76,936
Buildings and improvements	338,729	338,729
Furniture, fixtures and equipment	61,082	60,725
Total cost	476,747	476,390
Accumulated depreciation	(67,337)	(63,418)
Investment in hotel properties, net	$ 409,410	$ 412,972

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	6 Months Ended
	Sep. 30, 2021	Mar. 31, 2022	Jun. 30, 2021	Dec. 31, 2021	Mar. 30, 2021
Debt Instrument [Line Items]
Borrowings maximum percentage of net assets		300.00%
Notes payable		$ 238,479,000		$ 239,739,000
Fair value of notes payable		240,000,000		242,000,000
Moody National Capital LLC [Member] | Promissory Note [Member]
Debt Instrument [Line Items]
Principal amount					$ 8,000,000
Notes payable		$ 10,000,000
Additional borrowings					2,000,000
Maximum aggregate loan amount					$ 10,000,000
Moody National Capital LLC [Member] | Promissory Note [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread interest rate		4.75%
Moody National Capital LLC [Member] | Promissory Note [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread interest rate		6.75%
Moody National Capital LLC [Member] | Second Related Party Note [Member]
Debt Instrument [Line Items]
Principal amount			$ 10,000,000
Notes payable		$ 10,000,000		10,000,000
Maturity date			Jun. 30, 2024
Extend Maturity Date		2 years
Moody National Capital LLC [Member] | Second Related Party Note [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread interest rate		6.75%
Moody National Capital LLC [Member] | Second Related Party Note [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread interest rate		8.75%
Moody National Capital LLC [Member] | Third Related Party Note [Member]
Debt Instrument [Line Items]
Principal amount		$ 10,000,000
Notes payable		9,770,000		$ 8,474,000
Maturity date	Aug. 20, 2024
Moody National Capital LLC [Member] | Third Related Party Note [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread interest rate	7.75%
Moody National Capital LLC [Member] | Third Related Party Note [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread interest rate	9.75%
U.S. Small Business Administration [Member]
Debt Instrument [Line Items]
Principal amount		$ 500,000
Debt Maturity Period		30 years
Basis spread interest rate		3.75%
Notes payable		$ 7,500,000

As of March 31, 2022 and Decemb

As of March 31, 2022 and December 31, 2021, the Company’s mortgage notes payable secured by the respective assets, consisted of the following ($ amounts in thousands): (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Principal Amount	$ 240,248,000	$ 241,676,000
Less unamortized debt issuance costs	(1,769,000)	(1,937,000)
Total notes payable, net of unamortized debt issuance costs	238,479,000	239,739,000
Residence Inn Austin [Member]
Debt Instrument [Line Items]
Principal Amount	$ 15,683,000	15,757,000
Interest Rate	4.58%
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]
Debt Instrument [Line Items]
Percentage of default interest forborne	75.00%
Default interest forborne	$ 1,100,000
Percentage of default interest paid	25.00%
Springhill Suites Seattle [Member]
Debt Instrument [Line Items]
Principal Amount	$ 42,427,000	42,634,000
Interest Rate	4.38%
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]
Debt Instrument [Line Items]
Principal Amount	$ 8,550,000	8,594,000
Interest Rate	4.69%
Maturity Date	Apr. 11, 2025
Hyatt Place Germantown [Member]
Debt Instrument [Line Items]
Principal Amount	$ 6,478,000	6,524,000
Interest Rate	4.30%
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]
Debt Instrument [Line Items]
Deferral of payments	$ 1,420,000
Hyatt Place North Charleston [Member]
Debt Instrument [Line Items]
Principal Amount	$ 6,688,000	6,730,000
Interest Rate	5.193%
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]
Debt Instrument [Line Items]
Payments for (Proceeds from) Deposit on Loan	$ 100,000
Hampton Inn Austin [Member]
Debt Instrument [Line Items]
Principal Amount	$ 10,015,000	10,073,000
Interest Rate	5.426%
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]
Debt Instrument [Line Items]
Deferral of payments	$ 1,990,000
Residence Inn Grapevine [Member]
Debt Instrument [Line Items]
Principal Amount	$ 11,558,000	11,625,000
Interest Rate	5.25%
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]
Debt Instrument [Line Items]
Deferral of payments	$ 2,350,000
Repayments of Debt	1,410,000
Deferred payments payable	940,000
Marriott Courtyard Lyndhurst [Member]
Debt Instrument [Line Items]
Principal Amount	$ 18,311,000	18,420,000
Interest Rate	4.70%
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]
Debt Instrument [Line Items]
Principal Amount	$ 17,386,000	17,564,000
Interest Rate	4.53%
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]
Debt Instrument [Line Items]
Deferral of payments	$ 3,980,000
Repayments of Debt	1,690,000
Deferred payments payable	2,360,000
Hampton Inn Great Valley [Member]
Debt Instrument [Line Items]
Principal Amount	$ 7,566,000	7,617,000
Interest Rate	4.70%
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]
Debt Instrument [Line Items]
Deferral of payments	$ 1,750,000
Repayments of Debt	729,000
Deferred payments payable	1,020,000
Embassy Suites Nashville [Member]
Debt Instrument [Line Items]
Principal Amount	$ 39,445,000	39,660,000
Interest Rate	4.2123%
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]
Debt Instrument [Line Items]
Special servicer fee	$ 205,285
Homewood Suites Austin [Member]
Debt Instrument [Line Items]
Principal Amount	$ 10,216,000	10,311,000
Interest Rate	4.65%
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]
Debt Instrument [Line Items]
Deferral of payments	$ 2,730,000
Repayments of Debt	1,140,000
Deferred payments payable	1,590,000
Townplace Suites Fort Worth [Member]
Debt Instrument [Line Items]
Principal Amount	$ 5,748,000	5,783,000
Interest Rate	4.70%
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]
Debt Instrument [Line Items]
Principal Amount	$ 4,126,000	4,181,000
Interest Rate	5.50%
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]
Debt Instrument [Line Items]
Principal Amount	$ 28,551,000	28,703,000
Interest Rate	5.00%
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 Economic Injury Disaster Loans [Member]
Debt Instrument [Line Items]
Principal Amount	$ 7,500,000	$ 7,500,000
Interest Rate	3.75%
Maturity Date	2051-11

Scheduled maturities of the Com

Scheduled maturities of the Company’s notes payable as of March 31, 2022 are as follows (all amounts in thousands): (Details) $ in Thousands	Dec. 31, 2021USD ($)
Years ending December 31,
2022	$ 3,805
2023	21,605
2024	90,621
2025	77,608
2026	39,141
Thereafter	7,468
Total	$ 240,248

Equity (Details Narrative)

Equity (Details Narrative) - USD ($)	Aug. 15, 2014	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jun. 26, 2017
Class 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
Common stock, shares, outstanding		13,640,000		13,640,000
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		65,000
Noncontrolling interests in Operating Partnership		$ 2,619,000		$ 2,762,000
Partners' capital account, units		316,037
Loss attributable to noncontrolling interest		$ 143,000	$ 205,000	$ 205,000
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, Par or Stated Value Per Share					$ 0.01
Common stock, shares, outstanding		13,000,000
Public Offerings [Member]
Class of Stock [Line Items]
Common stock, shares, issued		10,200,000
IPO [Member] | Common Class A [Member]
Class of Stock [Line Items]
Stock issued during period, shares, issued for services		3,300,000
Sponsor [Member]
Class 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

Schedule of shares outstanding

Schedule of shares outstanding (Details) - shares shares in Thousands	Mar. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common Stock, Shares, Outstanding	13,640	13,640
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

Related Party Arrangements (Det

Related Party Arrangements (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	5 Months Ended
	Jan. 16, 2018	Mar. 31, 2022	Jun. 12, 2017	Dec. 31, 2021	Sep. 30, 2021
Related Party Transaction [Line Items]
Special Limited Partnership Interests		$ 1,000		$ 1,000
Total offering costs		21,100,000
Total operating expenses		6,600,000
Operating expenses exceeding limitation		0
Parent Company [Member]
Related Party Transaction [Line Items]
Total 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%
Total offering costs		$ 21,100,000
Offering cost directly incurred by company		12,300,000
Reimbursed offering cost		8,800,000
Related Party Arrangements		$ 0
Previous percentage of acquisition fee		1.50%
Percentage of acquisition fee		3.85%
Percentage of base acquisition fee		1.50%
Percentage of contingent advisor payment		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%
Maximum contract sales price percentage paid to unaffiliated parties		6.00%
Advisor expense reimbursement - alternative		2.00%
Advisor expense reimbursement - alternative		25.00%
Total operating expenses		$ 1,800,000
Operating expenses reimbursed		1,800,000
Operating expense reimbursement receivable					$ 500,000
Affiliated Entity [Member] | Asset Management [Member]
Related Party Transaction [Line Items]
Asset management fees		861,000
Accounting fees		112,000
Affiliated Entity [Member] | IPO [Member]
Related Party Transaction [Line Items]
Total offering costs		18,400,000
Offering cost directly incurred by company		12,300,000
Reimbursed offering cost		6,100,000
Affiliated Entity [Member] | Follow-on offering [Member]
Related Party Transaction [Line Items]
Total offering costs		2,700,000
Offering cost directly incurred by company		$ 0
Moody National Hospitality Management, LLC - Property Manager (Member]
Related Party Transaction [Line Items]
Monthly hotel management fee percentage		4.00%
Agreement term		10 years
Percentage of annual incentive fee		15.00%
Asset management fee percentage		8.50%
Moody National Hospitality Management, LLC - Property Manager (Member] | Investment Advisory, Management and Administrative Service [Member]
Related Party Transaction [Line Items]
Asset management fees		$ 1,200,000

The following is a summary of a

The following is a summary of activity under the Independent Directors Compensation Plan for the three months ended March 31, 2022 and year ended December 31, 2021: (Details) - Independent Directors Compensation Plan [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Balance of non-vested shares at beginning	5,000	5,000
Balance of non-vested shares at beginning	$ 19.40	$ 23.50
Shares granted		5,000
Shares granted		$ 19.40
Shares vested	(1,250)	(5,000)
Shares vested	$ 19.40	$ 23.50
Balance of non-vested shares at ending	3,750	5,000
Balance of non-vested shares ending	$ 19.40	$ 19.40

Incentive Award Plan (Details N

Incentive Award Plan (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based payment arrangement, expense	$ 24,000	$ 32,000
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	3,750
Share-based payment arrangement, nonvested award, cost not yet Recognized, Amount	$ 55,000
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)	Mar. 31, 2022
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 March 31, 2022, 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 (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Real estate taxes	$ 2,885	$ 4,447
Insurance	100	382
Hotel furniture and fixtures	5,502	5,483
Debt service	3,347	2,762
Property improvement plan	158	158
Total restricted cash	$ 11,992	$ 13,232

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - Moody National REIT I, Inc [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Loss Contingencies [Line Items]
Franchise fees	$ 1,400,000	$ 856,000
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%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Net operating loss carry-forwards	$ 700,000	$ 7,800,000
Net deferred tax assets	2,300,000	2,300,000
Deferred tax assets, valuation allowance	$ 15,500,000	$ 14,500,000
Description of loss carryforwards expiration	2033 through 2038 if not utilized by then
Subsidiaries [Member]
Net operating loss carry-forwards	$ 80,100,000
Subsidiaries [Member] | Moody National REIT I, Inc [Member]
Net operating loss carry-forwards	$ 7,300,000

The income tax expense for the

The income tax expense for the three months ended March 31, 2022 and 2021 consisted of the following (in thousands): (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Current expense (benefit)	$ 30	$ (81)
Deferred benefit	(990)	(1,582)
Valuation provision for deferred benefit	990	1,582
Total expense (benefit)	30	(81)
Federal	(990)	(1,582)
Valuation provision for federal taxes	990	1,582
State	30	(81)
Total tax expense (benefit)	$ 30	$ (81)