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Summary of Significant Accounting Policies - Derivative Instruments and Mortgage Debt Measured at Fair Value (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Level 1 [Member] | Unsecured Notes [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value	$ (54,385,800)	$ (53,816,320)
Level 2 [Member] | Interest Rate Cap [Member]
Derivatives Fair Value [Line Items]
Interest rate cap	72,992
Level 2 [Member] | Mortgage Loans [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value	$ (270,473,291)	(209,994,659)
Investment In Hotel Property, Net [Member] | Level 3 [Member]
Derivatives Fair Value [Line Items]
Investment in hotel property, net		$ 6,396,787

X

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 825



-SubTopic 10



-Section 50



-Paragraph 10



-Subparagraph (a)



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Fair value of the assets less the liabilities of a derivative or group of derivatives.

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