XML 79 R58.htm IDEA: XBRL DOCUMENT v3.3.1.900
Unconsolidated Joint Venture - Summarized Financial Information of Investment (Detail) - Crowne Plaza Hollywood Beach Resort [Member] - USD ($)
 7 Months Ended 12 Months Ended
Jul. 31, 2015
Dec. 31, 2014
ASSETS    
Investment in hotel property, net   $ 62,823,142
Cash and cash equivalents   2,153,906
Restricted cash   874,111
Accounts receivable   328,755
Prepaid expenses, inventory and other assets   1,489,479
TOTAL ASSETS   67,669,393
LIABILITIES    
Mortgage loan, net   57,000,000
Accounts payable and other accrued liabilities   2,195,613
Accounts payable and other accrued liabilities, member   146,836
Advance deposits   398,695
TOTAL LIABILITIES   59,741,144
TOTAL MEMBERS’ EQUITY   7,928,249
TOTAL LIABILITIES AND MEMBERS’ EQUITY   67,669,393
Revenue    
Rooms department $ 10,605,941 15,386,595
Food and beverage department 1,911,950 2,968,395
Other operating departments 880,564 1,385,469
Total revenue 13,398,455 19,740,459
Hotel operating expenses    
Rooms department 2,062,515 3,270,930
Food and beverage department 1,442,139 2,270,918
Other operating departments 388,087 655,818
Indirect 4,774,322 7,436,198
Total hotel operating expenses 8,667,063 13,633,864
Depreciation and amortization 1,060,339 2,116,211
General and administrative 252,565 148,873
Total operating expenses 9,979,967 15,898,948
Operating income 3,418,488 3,841,511
Interest expense (1,516,433) (2,612,032)
Net (loss) income $ 1,902,055 $ 1,229,479