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Investment in Hotel Properties, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017
--- | --- | ---
Property, Plant and Equipment [Line Items] |  |
Total Gross | $ 540,140,046 | $ 456,505,158
Less: accumulated depreciation and impairment | (101,490,325) | (98,705,646)
Total Net | 438,649,721 | 357,799,512
Land and Land Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Total Gross | 60,117,980 | 59,504,625
Buildings and Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Total Gross | 430,011,879 | 348,532,577
Furniture, Fixtures and Equipment [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Total Gross | $ 50,010,187 | $ 48,467,956

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