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Acquisition of Hotel Properties - Pro Forma Results Prepared for Comparative Purposes (Detail) - USD ($) | 3 Months Ended | 9 Months Ended
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Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Business Combinations [Abstract] |  |  |  |
Pro forma revenues | $ 35,402,727 | $ 35,581,783 | $ 115,181,068 | $ 112,740,493
Pro forma operating expenses | 33,597,191 | 32,850,638 | 99,056,441 | 96,048,017
Pro forma operating income | 1,805,536 | 2,731,145 | 16,124,627 | 16,692,476
Pro forma net income (loss) | $ (1,936,057) | $ (1,378,074) | $ 1,487,491 | $ 1,735,808
Pro forma earnings (loss) per basic and diluted share | $ (0.12) | $ (0.08) | $ 0.09 | $ 0.10
Pro forma earnings (loss) per basic and diluted units | $ (0.12) | $ (0.08) | $ 0.09 | $ 0.10
Pro forma basic and diluted common shares | 14,247,671 | 13,788,988 | 15,319,110 | 13,746,595
Pro forma basic and diluted units | 16,487,524 | 16,542,413 | 16,534,316 | 16,542,413

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