Commitments and License Rights

12 Months Ended

Dec. 26, 2019

Commitments and License Rights

Commitments and License Rights

12. Commitments and License Rights

Commitments - The Company has commitments for the completion of construction at various properties totaling approximately $2,243,000 at December 26, 2019.

License Rights – As of December 26, 2019, the Company had license rights to operate three hotels using the Hilton trademark and two hotels using the Marriott trademark. Under the terms of the licenses, the Company is obligated to pay fees based on defined gross sales.