XML 54 R43.htm IDEA: XBRL DOCUMENT v3.24.3
Debt - Schedule of Mortgage Debt Obligations on Hotels (Parenthetical) (Detail) - USD ($)
6 Months Ended
May 03, 2024
Feb. 26, 2023
Jun. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]        
Principal amount of mortgage loan     $ 322,104,671 $ 317,354,289
Derivative maturity date May 01, 2026      
Notional amount $ 26,000,000      
SOFR [Member]        
Debt Instrument [Line Items]        
Interest rate cap strike rate 3.00%      
DoubleTree by Hilton Philadelphia Airport [Member]        
Debt Instrument [Line Items]        
Loan rate swapped for fixed interest rate     3.00%  
Mortgage Loans [Member]        
Debt Instrument [Line Items]        
Principal amount of mortgage loan     $ 87,500,000  
Mortgage Loans [Member] | The DeSoto [Member]        
Debt Instrument [Line Items]        
Amortization Period     25 years  
Interest-only payment period     1 year  
Period before maturity in which prepayment is allowed with out penalty     120 days  
Principal amount of mortgage loan     $ 29,748,229 30,248,929
Maturity Date     Jul. 01, 2026  
Mortgage Loans [Member] | DoubleTree by Hilton Jacksonville Riverfront [Member]        
Debt Instrument [Line Items]        
Amortization Period     30 years  
Principal amount of mortgage loan     $ 31,405,915 31,749,695
Maturity Date     Jul. 11, 2024  
Mortgage Loans [Member] | DoubleTree by Hilton Philadelphia Airport [Member]        
Debt Instrument [Line Items]        
Principal amount of mortgage loan     $ 35,915,488 38,915,488
Maturity Date     Apr. 29, 2026  
Mortgage Loans [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member]        
Debt Instrument [Line Items]        
Amortization Period     30 years  
Principal amount of mortgage loan     $ 50,964,894 51,495,662
Prepayment date before maturity     2025-06  
Maturity Date     Oct. 01, 2025  
Mortgage Loans [Member] | Georgian Terrace [Member]        
Debt Instrument [Line Items]        
Amortization Period     30 years  
Principal amount of mortgage loan     $ 39,008,579 39,455,095
Prepayment date before maturity     2025-02  
Maturity Date     Jun. 01, 2025  
Mortgage Loans [Member] | Hotel Alba Tampa, Tapestry Collection by Hilton [Member]        
Debt Instrument [Line Items]        
Principal amount of mortgage loan     $ 35,000,000 24,269,200
Maturity Date     Mar. 06, 2029  
Mortgage Loans [Member] | Hotel Ballast Wilmington,Tapestry Collection by Hilton [Member]        
Debt Instrument [Line Items]        
Amortization Period     25 years  
Interest-only payment period     1 year  
Period before maturity in which prepayment is allowed with out penalty     120 days  
Principal amount of mortgage loan     $ 30,267,935 30,755,374
Maturity Date     Jan. 01, 2027  
Mortgage Loans [Member] | Hyatt Centric Arlington [Member]        
Debt Instrument [Line Items]        
Amortization Period     30 years  
Principal amount of mortgage loan     $ 45,893,572 46,454,972
Debt instrument prepayment lockout period     5 years  
Maturity Date     Oct. 01, 2028  
Debt instrument prepayment without penalty period during final term     4 months  
Mortgage Loans [Member] | Hyatt Centric Arlington [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Debt instrument prepayment penalty period     6 years  
Mortgage Loans [Member] | Hyatt Centric Arlington [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Debt instrument prepayment penalty period     10 years  
Mortgage Loans [Member] | The Whitehall [Member]        
Debt Instrument [Line Items]        
Amortization Period     25 years  
Principal amount of mortgage loan     $ 13,900,059 $ 14,009,874
Extended maturity date   Feb. 26, 2028    
Excess Interest rate on mortgage debt   1.25%    
Maturity Date     Feb. 26, 2028  
Mortgage Loans [Member] | The Whitehall [Member] | LIBOR [Member]        
Debt Instrument [Line Items]        
Excess Interest rate on mortgage debt     1.25%  
Loan rate swapped for fixed interest rate     7.50%