XML 99 R10.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Acquisition of Hotel Property | 6 Months Ended
--- | ---
Jun. 30, 2017
Business Combinations [Abstract] |
Acquisition of Hotel Property | 3. Acquisition of Hotel Property Hyde Resort & Residences. On January 30, 2017, we acquired the hotel commercial condominium unit of the Hyde Resort & Residences condominium hotel, for an aggregate price including inventory and other assets of approximately $4.8 million. The allocation of the estimated purchase price based on fair values is as follows:
|  | Hyde Resort & Residences |
Land and land improvements |  | $ | 500 |
Buildings and improvements |  |  | 4,309,500 |
Furniture, fixtures and equipment |  |  | 72,616 |
Investment in hotel properties |  |  | 4,382,616 |
Accrued liabilities and other costs |  |  | (866,142 | )
Prepaid expenses, inventory and other assets |  |  | 470,375 |
Net cash |  | $ | 3,986,849 |
The results of operations of the hotel are included in our consolidated financial statements from the date of acquisition. The total revenue and net loss related to the acquisition for the period January 30, 2017 to June 30, 2017 are approximately $1.6 million and $0.3 million, respectively. There is no pro forma financial information, since this is a new operation without prior historical information.

X
- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
Name: | us-gaap_BusinessCombinationDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration