XML 56 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Debt - Schedule of Mortgage Debt Obligations on Hotels (Detail) - USD ($)
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Debt Instrument [Line Items]    
Mortgage loans $ 358,424,144 $ 359,551,870
Deferred financing costs, net (1,998,280) (2,122,822)
Unamortized premium on loan 110,759 116,929
Total Mortgage Loans, Net 356,536,623 357,545,977
The DeSoto [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 32,820,733 32,820,733
Prepayment Penalties Yes  
Maturity Date Jul. 01, 2026  
Amortization Provisions, Term 25 years  
Interest rate applicable to the mortgage loan 4.25%  
Double Tree by Hilton Jacksonville Riverfront [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 33,501,600 33,655,483
Prepayment Penalties Yes  
Maturity Date Jul. 11, 2024  
Amortization Provisions, Term 30 years  
Interest rate applicable to the mortgage loan 4.88%  
Double Tree by Hilton Laurel [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 8,654,754 8,654,754
Prepayment Penalties Yes  
Maturity Date Aug. 05, 2021  
Amortization Provisions, Term 25 years  
Interest rate applicable to the mortgage loan 5.25%  
DoubleTree by Hilton Philadelphia Airport [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 41,069,612 41,804,700
Prepayment Penalties None  
Maturity Date Oct. 31, 2023  
Amortization Provisions, Term 30 years  
Interest rate applicable to the mortgage loan 2.27%  
Doubletree By Hilton Raleigh Brownstone - University [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 18,300,000 18,300,000
Prepayment Penalties Yes  
Maturity Date Jul. 27, 2022  
Interest rate applicable to the mortgage loan 4.00%  
DoubleTree Resort by Hilton Hollywood Beach [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 55,878,089 55,878,089
Maturity Date Oct. 01, 2025  
Amortization Provisions, Term 30 years  
Interest rate applicable to the mortgage loan 4.913%  
Georgian Terrace [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 42,268,756 42,507,512
Maturity Date Jun. 01, 2025  
Amortization Provisions, Term 30 years  
Interest rate applicable to the mortgage loan 4.42%  
Hotel Alba Tampa, Tapestry Collection by Hilton [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 17,946,480 17,946,480
Prepayment Penalties None  
Maturity Date Jun. 30, 2022  
Interest rate applicable to the mortgage loan 3.75%  
Hotel Ballast Wilmington,Tapestry Collection by Hilton [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 33,259,067 33,259,067
Prepayment Penalties Yes  
Maturity Date Jan. 01, 2027  
Amortization Provisions, Term 25 years  
Interest rate applicable to the mortgage loan 4.25%  
Hyatt Centric Arlington [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 48,990,136 48,990,136
Prepayment Penalties Yes  
Maturity Date Sep. 18, 2028  
Amortization Provisions, Term 30 years  
Interest rate applicable to the mortgage loan 5.25%  
Sheraton Louisville Riverside [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 11,037,086 11,037,086
Prepayment Penalties Yes  
Maturity Date Dec. 01, 2026  
Amortization Provisions, Term 25 years  
Interest rate applicable to the mortgage loan 4.27%  
The Whitehall [Member] | Mortgages    
Debt Instrument [Line Items]    
Mortgage loans $ 14,697,831 $ 14,697,830
Prepayment Penalties Yes  
Maturity Date Feb. 26, 2023  
Amortization Provisions, Term 25 years  
Interest rate applicable to the mortgage loan 1.25%