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INVESTMENT IN HOTEL PROPERTIES, NET - Allocation of aggregate purchase prices (Details) - USD ($) $ in Thousands | Jun. 30, 2016 | Jun. 30, 2015
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2016 acquisitions |  |
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired |  |
Land | $ 12,173 |
Hotel buildings and improvements | 95,358 |
Furniture, fixtures and equipment | 2,130 |
Other assets | 383 |
Total assets acquired | 110,044 |
Less other liabilities | (862) |
Net assets acquired | $ 109,182 |
2015 acquisitions |  |
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired |  |
Land |  | $ 7,602
Hotel buildings and improvements |  | 83,105
Furniture, fixtures and equipment |  | 7,017
Other assets |  | 375
Total assets acquired |  | 98,099
Less other liabilities |  | (148)
Net assets acquired |  | $ 97,951

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