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Investment in Hotel Properties | 9 Months Ended
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Sep. 30, 2015
Real Estate [Abstract] |
Investment in Hotel Properties | 4. Investment in Hotel Properties Investment in hotel properties as of September 30, 2015 and December 31, 2014 consisted of the following:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  | (unaudited) |  |  |  |  |
Land and land improvements |  | $ | 59,846,416 |  |  | $ | 37,483,400 |
Buildings and improvements |  |  | 330,213,388 |  |  |  | 257,343,516 |
Furniture, fixtures and equipment |  |  | 41,561,930 |  |  |  | 38,762,997 |
|  |  | 431,621,734 |  |  |  | 333,589,913 |
Less: accumulated depreciation and impairment |  |  | (76,688,573 | ) |  |  | (73,397,760 | )
|  | $ | 354,933,161 |  |  | $ | 260,192,153 |

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Subparagraph 4 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 + Details
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