INVESTMENT IN HOTEL PROPERTIES, NET - Allocation of aggregate purchase prices (Details) $ in Thousands	Mar. 31, 2017 USD ($)
Allocation of the aggregate purchase prices to the fair value of assets and liabilities acquired
Land	$ 7,999
Hotel buildings and improvements	49,027
Furniture, fixtures and equipment	3,150
Other assets	360
Total assets acquired	60,536
Less - other liabilities assumed	(69)
Net assets acquired	60,467
Settlement amount of net working capital assets	200
Other assets and capitalized transaction costs	$ 100