Investments in Hotels - Investment in hotel properties consist of fixed assets (Details) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Investments in Hotels
Land	$ 11,588,686	$ 7,987,069
Building and improvements	77,262,690	53,478,730
Furniture, fixtures, and equipment	7,185,915	5,435,758
Total cost	96,037,291	66,901,557
Accumulated depreciation	(5,750,829)	(3,533,705)
Investment in hotel properties, net	$ 90,286,462	$ 63,367,852

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Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.

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Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing.

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- Definition

Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases.

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Amount before accumulated depletion of real estate held for productive use, excluding land held for sale.

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Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.

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