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Investment in Hotel Properties - Schedule of Hotel Properties (Detail) - USD ($) | Sep. 30, 2015 | Dec. 31, 2014
--- | --- | ---
Property, Plant and Equipment [Line Items] |  |
Total Gross | $ 431,621,734 | $ 333,589,913
Less: accumulated depreciation and impairment | (76,688,573) | (73,397,760)
Total Net | 354,933,161 | 260,192,153
Land and Land Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Total Gross | 59,846,416 | 37,483,400
Buildings and Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Total Gross | 330,213,388 | 257,343,516
Furniture, Fixtures and Equipment [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Total Gross | $ 41,561,930 | $ 38,762,997

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