Intangible Assets, net
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net Intangible Assets, net
Intangible assets, net consisted of the following (in thousands):
December 31,
20212020
Cost$5,682 $5,682 
Accumulated amortization(1,421)(1,042)
$4,261 $4,640 
Intangible assets include the customer relationships associated with The Ritz-Carlton Sarasota acquisition on April 4, 2018. The customer relationships are being amortized over the 15 year expected life.
For the years ended December 31, 2021, 2020 and 2019, amortization related to intangible assets was $379,000, $379,000 and $379,000, respectively.
Estimated future amortization expense for intangible assets, net for each of the next five years and thereafter is as follows (in thousands):
Intangible Assets, net
2022$379 
2023379 
2024379 
2025379 
2026379 
Thereafter2,366 
Total$4,261