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Investment in Hotel Properties, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020
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Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | $ 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
Land and Land Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | 66,088,705 | 66,088,705
Buildings and Improvements [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | 442,662,629 | 442,063,950
Right of Use Assets [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | 6,044,973 | 5,995,438
Furniture, Fixtures and Equipment [Member] |  |
Property, Plant and Equipment [Line Items] |  |
Investment in Hotel Properties, Gross | $ 55,851,072 | $ 55,796,797

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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=120400017&loc=d3e572229-122910 + Details
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