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Investment in Hotel Properties, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Property, Plant and Equipment [Line Items]    
Total Gross $ 540,140,046 $ 456,505,158
Less: accumulated depreciation and impairment (101,490,325) (98,705,646)
Total Net 438,649,721 357,799,512
Land and Land Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Total Gross 60,117,980 59,504,625
Buildings and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Total Gross 430,011,879 348,532,577
Furniture, Fixtures and Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Total Gross $ 50,010,187 $ 48,467,956