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Summary of Significant Accounting Policies - Schedule of Recurring Assets and Liabilities Measured at Fair Value (Detail) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Derivatives Fair Value [Line Items]    
Investment in hotel properties, net $ 351,187,539 $ 354,919,106
Carrying Amount [Member] | Interest Rate Caps [Member]    
Derivatives Fair Value [Line Items]    
Financial Assets [1] 754,794  
Interest rate cap [1] 754,794  
Carrying Amount [Member] | Interest-Rate Swap [Member]    
Derivatives Fair Value [Line Items]    
Financial Assets [2]   627,676
Interest rate cap [2]   627,676
Carrying Amount [Member] | Mortgage Loans [Member]    
Derivatives Fair Value [Line Items]    
Financial Liabilities (320,244,252) (315,989,194)
Fair Value [Member] | Interest Rate Caps [Member]    
Derivatives Fair Value [Line Items]    
Financial Assets [1] 754,794  
Interest rate cap [1] 754,794  
Fair Value [Member] | Interest-Rate Swap [Member]    
Derivatives Fair Value [Line Items]    
Financial Assets [2]   627,676
Interest rate cap [2]   627,676
Fair Value [Member] | Mortgage Loans [Member]    
Derivatives Fair Value [Line Items]    
Financial Liabilities $ (313,064,575) $ (303,949,790)
[1] The interest-rate cap agreement allows the Company to receive a variable rate of interest based upon 1-month SOFR in exchange for a fixed rate of 3.0% on a notional amount of $26.0 million on the DoubleTree by Hilton Philadelphia Airport. The interest-rate cap is set to terminate on May 1, 2026.
[2] The interest-rate swap agreement allowed the Company to receive a variable rate of interest based upon 1-month SOFR in exchange for a fixed rate of 2.826% on a notional amount which approximated the declining balance of the mortgage loan on the Hotel Alba. The interest-rate swap was terminated on February 14, 2024.