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Debt - Schedule of Mortgage Debt Obligations on Hotels (Detail) - USD ($) |  |  |  | 6 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
Nov. 03, 2016 | Oct. 12, 2016 | Mar. 21, 2016 | Jun. 30, 2017 | Feb. 07, 2017 | Dec. 31, 2016
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  | $ 20,500,000 |  | $ 296,394,441 |  | $ 284,542,043
Deferred financing costs, net |  |  |  | (2,159,974) |  | (2,049,409)
Unamortized premium on loan |  |  |  | 203,314 |  | 215,655
Total Mortgage Loans, Net |  |  |  | $ 294,437,781 |  | 282,708,289
Maturity Date |  |  | Nov. 13, 2017 |  |  |
Amortization Provisions, Term |  | 18 years |  |  |  |
Excess Interest rate over LIBOR on mortgage debt |  | 3.50% |  |  |  |
Crowne Plaza Hampton Marina [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  |  | $ 0 | 2,584,633
Prepayment Penalties |  |  |  | None |  |
Maturity Date | Nov. 01, 2019 |  |  | Nov. 01, 2019 |  |
Amortization Provisions, Term |  |  |  | 3 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 5.00% |  |
Crowne Plaza Hollywood Beach Resort [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 58,473,352 |  | 58,935,818
Prepayment Penalties |  |  |  | n/a |  |
Maturity Date |  |  |  | Oct. 01, 2025 |  |
Amortization Provisions, Term |  |  |  | 30 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.913% |  |
Crowne Plaza Tampa Westshore [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 15,422,800 |  | 15,561,400
Prepayment Penalties |  |  |  | None |  |
Maturity Date |  |  |  | Jun. 30, 2019 |  |
Amortization Provisions, Term |  |  |  | 25 years |  |
Excess Interest rate over LIBOR on mortgage debt |  |  |  | 3.75% |  |
The DeSoto [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 30,000,000 |  | 30,000,000
Prepayment Penalties |  |  |  | Yes |  |
Maturity Date |  |  |  | Jul. 01, 2026 |  |
Amortization Provisions, Term |  |  |  | 25 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.25% |  |
Double Tree by Hilton Jacksonville Riverfront [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 35,500,000 |  | 19,291,716
Prepayment Penalties |  |  |  | Yes |  |
Maturity Date |  |  |  | Jul. 11, 2024 |  |
Amortization Provisions, Term |  |  |  | 30 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.88% |  |
Double Tree by Hilton Laurel [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 9,231,427 |  | 9,329,005
Prepayment Penalties |  |  |  | Yes |  |
Maturity Date |  |  |  | Aug. 05, 2021 |  |
Amortization Provisions, Term |  |  |  | 25 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 5.25% |  |
Double Tree By Hilton Philadelphia Airport [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 30,861,395 |  | 31,261,991
Prepayment Penalties |  |  |  | None |  |
Maturity Date |  |  |  | Apr. 01, 2019 |  |
Amortization Provisions, Term |  |  |  | 25 years |  |
Excess Interest rate over LIBOR on mortgage debt |  |  |  | 3.00% |  |
Doubletree By Hilton Raleigh Brownstone - University [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 14,637,611 |  | 14,773,885
Prepayment Penalties |  |  |  | n/a |  |
Maturity Date |  |  |  | Aug. 01, 2018 |  |
Amortization Provisions, Term |  |  |  | 30 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.78% |  |
Georgian Terrace [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 45,425,390 |  | 45,826,038
Prepayment Penalties |  |  |  | n/a |  |
Maturity Date |  |  |  | Jun. 01, 2025 |  |
Amortization Provisions, Term |  |  |  | 30 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.42% |  |
Hilton Wilmington Riverside [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 30,000,000 |  | 30,000,000
Prepayment Penalties |  |  |  | Yes |  |
Maturity Date |  |  |  | Jan. 01, 2027 |  |
Amortization Provisions, Term |  |  |  | 25 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.25% |  |
Sheraton Louisville Riverside [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 11,842,466 |  | 11,977,557
Prepayment Penalties |  |  |  | Yes |  |
Maturity Date | Dec. 01, 2026 |  |  | Dec. 01, 2026 |  |
Amortization Provisions, Term | 25 years |  |  | 25 years |  |
Interest rate applicable to the mortgage loan |  |  |  | 4.27% |  |
The Whitehall [Member] | Mortgage Loans [Member] |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |
Mortgage loans |  |  |  | $ 15,000,000 |  | $ 15,000,000
Prepayment Penalties |  |  |  | Yes |  |
Maturity Date |  |  |  | Oct. 12, 2021 |  |
Amortization Provisions, Term |  |  |  | 18 years |  |
Excess Interest rate over LIBOR on mortgage debt |  |  |  | 3.50% |  |

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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(2)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition Carrying value as of the balance sheet date, including the current and noncurrent portions, of collateralized debt obligations (with maturities initially due after one year or beyond the operating cycle, if longer). Such obligations include mortgage loans, chattel loans, and any other borrowings secured by assets of the borrower. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 + Details
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