XML 27 R11.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Investment in Hotel Properties, Net | 3 Months Ended
--- | ---
Mar. 31, 2018
Real Estate [Abstract] |
Investment in Hotel Properties, Net | 4. Investment in Hotel Properties, Net Investment in hotel properties, net as of March 31, 2018 and December 31, 2017 consisted of the following:
|  | March 31, 2018 |  |  | December 31, 2017 |
Land and land improvements |  | $ | 60,117,980 |  |  | $ | 59,504,625 |
Buildings and improvements |  |  | 430,011,879 |  |  |  | 348,532,577 |
Furniture, fixtures and equipment |  |  | 50,010,187 |  |  |  | 48,467,956 |
|  |  | 540,140,046 |  |  |  | 456,505,158 |
Less: accumulated depreciation and impairment |  |  | (101,490,325 | ) |  |  | (98,705,646 | )
Investment in Hotel Properties, Net |  | $ | 438,649,721 |  |  | $ | 357,799,512 |
The Crowne Plaza Hampton Marina property, was sold on February 7, 2017 for approximately $5.6 million. After selling costs, mortgage loan payoff and associated fees we realized an approximate gain on the sale of assets of $0.1 million, as reflected in the consolidated statements of operations for the period ending March 31, 2017.

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

X
- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 + Details
Name: | us-gaap_RealEstateDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration