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Investment in Hotel Properties, Net (Tables)

3 Months Ended

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.

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