Investments in Hotels - Investments in hotel properties (Details)	9 Months Ended
	Sep. 30, 2020 USD ($) room
Springhill Suites Wilmington Mayfaire
Schedule of Investments
Date Acquired	May 24, 2017	[1]
Location	Wilmington, NC
Ownership interest	51.00%
Contract Purchase Price	$ 18,000,000	[1],[2]
Rooms | room	120
Mortgage debt Outstanding	$ 11,211,025
Staybridge Suites St. Petersburg
Schedule of Investments
Date Acquired	Jun. 29, 2017	[1]
Location	St. Petersburg, FL
Ownership interest	51.00%
Contract Purchase Price	$ 20,500,000	[1],[2]
Rooms | room	119
Mortgage debt Outstanding	$ 13,273,843
Hotel Indigo Traverse City
Schedule of Investments
Date Acquired	Aug. 15, 2018
Location	Traverse City, MI
Ownership interest	100.00%
Contract Purchase Price	$ 26,050,000	[1],[2]
Rooms | room	107
Mortgage debt Outstanding	$ 15,092,000
Hilton Garden Inn Providence
Schedule of Investments
Date Acquired	Feb. 27, 2020
Location	Providence, RI
Ownership interest	100.00%
Contract Purchase Price	$ 28,500,000	[1],[2]
Rooms | room	137
Mortgage debt Outstanding	$ 16,936,901

[1] Represents the date and contract purchase price of PCF’s acquisition of the Springhill Suites Wilmington property (the “Springhill Suites Wilmington”) and the Staybridge Suites St. Petersburg property (the “Staybridge Suites St. Petersburg”). The Company exercised its option under an option agreement to purchase a 51% membership interest in PCF on March 29, 2018.

[2] Contract purchase price excludes acquisition fees and costs.