INVESTMENT IN HOTEL PROPERTIES, NET - Allocation of aggregate purchase prices (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land	$ 61,616	$ 12,173
Hotel buildings and improvements	274,961	94,697
Intangible assets	15,710	0
Furniture, fixtures and equipment	14,314	2,130
Other assets	1,775	383
Total assets acquired	368,376	109,383
Less - other liabilities assumed	(990)	(201)
Net assets acquired	367,386	109,182
Settlement amount of net working capital assets	800	$ 200
Other assets and capitalized transaction costs	2,100
Other assets and capitalized transaction costs, accrued and unpaid	$ 200