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Acquisition of Hotel Properties - Allocation of Purchase Price Based on Fair Values (Detail) - USD ($)
3 Months Ended
Mar. 01, 2018
Jan. 30, 2017
Mar. 31, 2018
Mar. 31, 2017
Business Acquisition [Line Items]        
Net cash     $ 80,479,137 $ 3,986,849
Hyatt Centric Arlington [Member]        
Business Acquisition [Line Items]        
Land and land improvements $ 190,237      
Buildings and improvements 68,600,051      
Furniture, fixtures and equipment 7,759,666      
Intangible assets 3,043,947      
Investment in hotel properties 79,593,901      
Prepaid expenses, inventory and other assets 885,236      
Net cash $ 80,479,137      
Commercial Condominium Unit of Hyde Resort & Residences [Member]        
Business Acquisition [Line Items]        
Land and land improvements   $ 500    
Buildings and improvements   4,309,500    
Furniture, fixtures and equipment   72,616    
Investment in hotel properties   4,382,616    
Accrued liabilities and other costs   (866,142)    
Prepaid expenses, inventory and other assets   470,375    
Net cash   $ 3,986,849