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Investments in Hotels - Investments in hotel properties (Details)
9 Months Ended
Sep. 30, 2022
USD ($)
room
Springhill Suites Wilmington  
Schedule of Investments  
Date Acquired May 24, 2017
Location Wilmington, NC
Ownership interest 51.00%
Contract Purchase Price $ 18,000,000
Rooms | room 120
Mortgage debt Outstanding $ 10,863,886
Staybridge Suites St. Petersburg  
Schedule of Investments  
Date Acquired Jun. 29, 2017
Location St. Petersburg, FL
Ownership interest 51.00%
Contract Purchase Price $ 20,500,000
Rooms | room 119
Mortgage debt Outstanding $ 12,853,374
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
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
Rooms | room 137
Mortgage debt Outstanding $ 16,936,901
Cherry Tree East Bay  
Schedule of Investments  
Date Acquired Jul. 30, 2021
Location Traverse City, MI
Ownership interest 100.00%
Contract Purchase Price $ 15,000,000
Rooms | room 76
Mortgage debt Outstanding $ 9,270,226