INVESTMENT IN HOTEL PROPERTIES - Purchase Price Allocation (Details) - Nonrecurring - USD ($)	Mar. 31, 2020	Dec. 31, 2019
2020 Acquisitions
INVESTMENT IN HOTEL PROPERTIES
Land and land improvements	$ 2,576,166
Building and building improvements	31,605,174
Furniture, fixtures, and equipment	3,007,846
Total assets acquired	37,189,186
Premium on assumed debt	(597,665)
Total liabilities assumed	(597,665)
Total purchase price	36,591,521
Assumed mortgage debt	9,400,772
Net purchase price	$ 27,190,749
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