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Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net (Tables) | 6 Months Ended
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Jun. 30, 2017
Real Estate [Abstract] |
Schedule of Investment in Hotel Properties, Net | Investment in hotel properties, net as of June 30, 2017 and December 31, 2016 consisted of the following:
|  | June 30, 2017 |  |  | December 31, 2016 |
Land and land improvements |  | $ | 58,412,179 |  |  | $ | 57,851,380 |
Buildings and improvements |  |  | 338,922,481 |  |  |  | 336,996,876 |
Furniture, fixtures and equipment |  |  | 52,285,115 |  |  |  | 43,458,781 |
|  |  | 449,619,775 |  |  |  | 438,307,037 |
Less: accumulated depreciation and impairment |  |  | (92,153,143 | ) |  |  | (89,713,125 | )
Investment in Hotel Properties, Net |  | $ | 357,466,632 |  |  | $ | 348,593,912 |
Schedule of Investment in Hotel Properties Held for Sale, Net | Investment in hotel properties held for sale, net as of June 30, 2017 and December 31, 2016 consisted of the following:
|  | June 30, 2017 |  |  | December 31, 2016 |
Land and land improvements |  | $ | — |  |  | $ | 1,097,096 |
Buildings and improvements |  |  | — |  |  |  | 6,242,504 |
Furniture, fixtures and equipment |  |  | — |  |  |  | 2,289,008 |
|  |  | — |  |  |  | 9,628,608 |
Less: accumulated depreciation and impairment |  |  | — |  |  |  | (4,295,608 | )
Investment in Hotel Properties Held for Sale, Net |  | $ | — |  |  | $ | 5,333,000 |

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- Definition Schedule of real estate properties held for sale. + References No definition available. + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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