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Investment in Hotel Properties, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
Property, Plant and Equipment [Line Items]    
Investment in Hotel Properties, Gross $ 541,526,380 $ 536,183,227
Less: accumulated depreciation (190,338,841) (181,264,121)
Investment in Hotel Properties, Net 351,187,539 354,919,106
Land and Land Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Investment in Hotel Properties, Gross 61,217,987 61,114,486
Buildings and Improvements [Member]    
Property, Plant and Equipment [Line Items]    
Investment in Hotel Properties, Gross 426,106,634 418,833,706
Right of Use Assets [Member]    
Property, Plant and Equipment [Line Items]    
Investment in Hotel Properties, Gross 4,649,280 4,733,406
Furniture, Fixtures and Equipment [Member]    
Property, Plant and Equipment [Line Items]    
Investment in Hotel Properties, Gross $ 49,552,479 $ 51,501,629