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Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Property, Plant and Equipment [Line Items]    
Total Gross $ 449,619,775 $ 438,307,037
Less: accumulated depreciation and impairment (92,153,143) (89,713,125)
Total Net 357,466,632 348,593,912
Land and Land Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Total Gross 58,412,179 57,851,380
Buildings and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Total Gross 338,922,481 336,996,876
Furniture, Fixtures and Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Total Gross $ 52,285,115 $ 43,458,781