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INVESTMENT IN HOTEL PROPERTIES - Summary (Details)
Mar. 31, 2020
USD ($)
state
property
room
Dec. 31, 2019
USD ($)
Investment in hotel properties consisted of the following:    
Land and land improvements $ 10,314,661 $ 7,738,495
Building and building improvements 84,575,847 53,238,276
Furniture, fixtures, and equipment 8,708,360 5,687,249
Construction in progress 451,091  
Investment in hotel properties, at cost 104,049,959 66,664,020
Less: accumulated depreciation (2,074,113) (1,255,712)
Investment in hotel properties, net $ 101,975,846 $ 65,408,308
Other disclosures    
Number of hotel properties owned | property 7  
Aggregate number of rooms in hotel properties | room 706  
Number of states where hotel properties are owned | state 6