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Investment in Hotel Properties, Net (Tables) | 3 Months Ended
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Mar. 31, 2018
Real Estate [Abstract] |
Schedule of 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 |

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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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