INVESTMENT IN HOTEL PROPERTIES, NET - Allocation of aggregate purchase prices (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
2016 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land	$ 23,288
Hotel buildings and improvements	143,856
Furniture, fixtures and equipment	2,948
Other assets	946
Total assets acquired	171,038
Less - lease liability assumed	0
Less - other liabilities assumed	(1,384)
Net assets acquired	169,654
Settlement amount of net liabilities	$ 700
2015 acquisitions
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land		$ 9,975
Hotel buildings and improvements		134,109
Furniture, fixtures and equipment		13,690
Other assets		700
Total assets acquired		158,474
Less - lease liability assumed		(3,250)
Less - other liabilities assumed		(160)
Net assets acquired		155,064
Settlement amount of net working capital assets		$ 300