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Investment in Hotel Properties, Net (Tables) | 3 Months Ended
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Mar. 31, 2021
Real Estate [Abstract] |
Schedule of Investment in Hotel Properties, Net | Investment in hotel properties, net as of March 31, 2021 and December 31, 2020 consisted of the following:
|  | March 31, 2021 |  |  | December 31, 2020 |
Land and land improvements |  | $ | 66,088,705 |  |  | $ | 66,088,705 |
Buildings and improvements |  |  | 442,662,629 |  |  |  | 442,063,950 |
Right of use assets |  |  | 6,044,973 |  |  |  | 5,995,438 |
Furniture, fixtures and equipment |  |  | 55,851,072 |  |  |  | 55,796,797 |
|  |  | 570,647,379 |  |  |  | 569,944,891 |
Less: accumulated depreciation and impairment |  |  | (146,966,521 | ) |  |  | (142,120,306 | )
Investment in Hotel Properties, Net |  | $ | 423,680,858 |  |  | $ | 427,824,585 |

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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. + References No definition available. + Details
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