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Acquisition of Hotel Properties - Allocation of Purchase Price Based on Fair Value (Detail) - USD ($) |  |  | 9 Months Ended
--- | --- | --- | ---
Sep. 26, 2019 | Mar. 01, 2018 | Sep. 30, 2019 | Sep. 30, 2018
Business Acquisition [Line Items] |  |  |  |
Net cash |  |  | $ 6,346,378 | $ 79,732,716
Hyatt Centric Arlington [Member] |  |  |  |
Business Acquisition [Line Items] |  |  |  |
Land and land improvements |  | $ 190,916 |  |
Buildings and improvements |  | 70,369,046 |  |
Furniture, fixtures and equipment |  | 6,229,888 |  |
Favorable lease and other intangible assets |  | 3,054,812 |  |
Investment in hotel properties |  | 79,844,662 |  |
Accrued liabilities and other costs |  | (111,946) |  |
Net cash |  | $ 79,732,716 |  |
Commercial Condominium Unit of Hyde Resort & Residences [Member] |  |  |  |
Business Acquisition [Line Items] |  |  |  |
Land and land improvements | $ 500 |  |  |
Buildings and improvements | 5,564,219 |  |  |
Furniture, fixtures and equipment | 347,621 |  |  |
Investment in hotel properties | 5,912,340 |  |  |
Prepaid expenses, inventory and other assets | 434,038 |  |  |
Net cash | $ 6,346,378 |  |  |

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- Definition Amount of facility held for productive use including, but not limited to, office, production, storage and distribution facilities, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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- Definition Amount of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment, acquired at the acquisition date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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