XML 40 R24.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Acquisition of Hotel Properties (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Business Combinations [Abstract] |
Allocation of Purchase Price Based on Fair Values | The allocations of the respective purchase prices are based on fair values are as follows:
|  | Hyatt Centric Arlington (1) |  |  | Hyde Resort & Residences |
Land and land improvements |  | $ | 190,237 |  |  | $ | 500 |
Buildings and improvements |  |  | 68,600,051 |  |  |  | 4,309,500 |
Furniture, fixtures and equipment |  |  | 7,759,666 |  |  |  | 72,616 |
Intangible assets |  |  | 3,043,947 |  |  |  | — |
Investment in hotel properties |  |  | 79,593,901 |  |  |  | 4,382,616 |
Accrued liabilities and other costs |  |  | — |  |  |  | (866,142 | )
Prepaid expenses, inventory and other assets |  |  | 885,236 |  |  |  | 470,375 |
Net cash |  | $ | 80,479,137 |  |  | $ | 3,986,849 |

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

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration