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Investment in Hotel Properties, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($) | Sep. 30, 2019 | Dec. 31, 2018
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Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | $ 567,147,003 | $ 546,898,044
Less: accumulated depreciation and impairment | (120,307,423) | (111,172,230)
Investment in Hotel Properties, Net | 446,839,580 | 435,725,814
Land and Land Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | 66,055,121 | 64,409,730
Buildings and Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | 437,705,155 | 424,657,327
Right of Use Assets [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | 6,576,971 |
Furniture, Fixtures and Equipment [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | $ 56,809,756 | $ 57,830,987

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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.1(d)) -URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910 + Details
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