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COMMITMENTS AND CONTINGENCIES (Details) (Pending Hotel Property Acquisitions, USD $)
6 Months Ended
Jun. 30, 2013
Pending Hotel Property Acquisitions
 
Commitments and contingencies  
Obligation to fund first mortgage loan $ 10,000,000
Aggregate purchase price, debt assumed 20,300,000
Estimated amount to be paid for purchase of property $ 31,000,000