INVESTMENT IN HOTEL PROPERTIES - Purchase Price Allocation (Details) - Nonrecurring - USD ($)	Dec. 31, 2019	Dec. 31, 2018
2019 Acquisitions
INVESTMENT IN HOTEL PROPERTIES
Land and land improvements	$ 6,201,529
Building and building improvements	47,412,115
Furniture, fixtures, and equipment	4,772,707
Total assets acquired	58,386,351
Premium on assumed debt	(416,126)
Total liabilities assumed	(416,126)
Total purchase price	57,970,225
Assumed mortgage debt	17,283,415
Net purchase price	$ 40,686,810
2018 Acquisitions
INVESTMENT IN HOTEL PROPERTIES
Land and land improvements		$ 1,536,966
Building and building improvements		5,558,997
Furniture, fixtures, and equipment		762,370
Total assets acquired		7,858,333
Total purchase price		7,858,333
Net purchase price		$ 7,858,333