INVESTMENT IN HOTEL PROPERTIES, NET - Allocation of aggregate purchase prices (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Jun. 30, 2015
2016 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land	$ 12,173
Hotel buildings and improvements	95,358
Furniture, fixtures and equipment	2,130
Other assets	383
Total assets acquired	110,044
Less other liabilities	(862)
Net assets acquired	$ 109,182
2015 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land		$ 7,602
Hotel buildings and improvements		83,105
Furniture, fixtures and equipment		7,017
Other assets		375
Total assets acquired		98,099
Less other liabilities		(148)
Net assets acquired		$ 97,951