Gross investment property Net investment property Investment property, net Total Assets Total assets Total Liabilities Total stockholders’ equity Total Equity BALANCE BALANCE Total Liabilities and Equity Total liabilities and members’ equity Product and Service [Axis] Total revenues Revenues Total expenses Net income/(loss) Net income/(loss) Net income (loss) Net income/(loss) attributable to Company’s common shares Net loss Other comprehensive income/(loss): Comprehensive income/(loss) Comprehensive income/(loss) attributable to the Company’s common shares BALANCE (in Shares) BALANCE (in Shares) Equity Components [Axis] Net cash provided by/(used in) operating activities Net cash (used in)/provided by investing activities Change in cash, cash equivalents and restricted cash including those classified within assets held for sale Change in cash, cash equivalents and restricted cash Cash, cash equivalents and restricted cash, beginning of year Cash, cash equivalents and restricted cash, end of period Total cash, cash equivalents and restricted cash Accounting Policies [Abstract] Investment in Unconsolidated Affiliated Real Estate Entity [Abstract] Ownership [Axis] Investment, Name [Axis] Business Combination [Axis] Marketable Securities Derivative Financial Instruments Fair Value Measurements And Notes Payable [Abstract] Financial Instrument [Axis] Fair Value Hierarchy and NAV [Axis] Total Equity securities, fair value Long-Term Debt, Type [Axis] Mortgages Payable Net [Abstract] Debt Instrument [Axis] Total mortgages payable, net Mortgages payable, net Total principal maturities, net Total Commitments and Contingencies [Abstract] Document Type Document Quarterly Report Document Period End Date Document Fiscal Year Focus Document Transition Report Entity File Number Entity Registrant Name Entity Incorporation, State or Country Code Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line Two Entity Address, City or Town Entity Address, State or Province Entity Address, Postal Zip Code City Area Code Local Phone Number Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Entity Central Index Key Amendment Flag Document Fiscal Period Focus Current Fiscal Year End Date Assets Investment property: Land and improvements Building and improvements Furniture and fixtures Construction in progress Investment in related party joint venture Investment in unconsolidated affiliated entities Total investments in unconsolidated affiliated real estate entities Cash and cash equivalents Cash and restricted cash Marketable securities Available-for-sale Securities Restricted cash Other assets Liabilities and Equity Accounts payable, accrued expenses and other liabilities Commitments and contingencies Equity: Stockholders’ Equity: Preferred shares, $0.01 par value, 10.0 million shares authorized, none issued and outstanding Preferred shares, par value (in Dollars per share) Preferred shares, shares authorized (in Shares) Preferred shares, shares issued (in Shares) Preferred shares, shares outstanding (in Shares) Common stock, $0.01 par value; 60.0 million shares authorized, 20.8 million and 21.0 million shares issued and outstanding, respectively Common stock, par value (in Dollars per share) Common stock, shares authorized (in Shares) Common stock, shares issued (in Shares) Common stock, shares outstanding (in Shares) Additional paid-in-capital Accumulated other comprehensive income Accumulated surplus Noncontrolling interests Revenues: Expenses: Property operating expenses Hotel operating expenses Real estate taxes General and administrative costs General and administrative expense Depreciation and amortization Interest and dividend income Gain on debt extingishemnt Gain on debt extinguishment Unrealized gain/(loss) on marketable equity securities Unrealized (gain)/loss on marketable equity securities Loss from investment in unconsolidated affiliated real estate entity Company’s loss from investment Other expense, net Net income/(loss) per Company’s common share, basic (in Dollars per share) Net income/(loss) per Company’s common share, diluted (in Dollars per share) Weighted average number of common shares outstanding, basic (in Shares) Weighted average number of common shares outstanding, diluted (in Shares) Other comprehensive income/(loss): Holding gain/(loss) on available for sale debt securities Other comprehensive income (loss) Contributions received from noncontrolling interests CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: Depreciation and amortization Amortization of deferred financing costs Changes in assets and liabilities: Increase in accounts payable, accrued expenses and other liabilities CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of marketable securities Extension fees received in connection with disposition of real estate Distributions from related party joint venture CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from mortgage financing Contributions received from noncontrolling interests Net cash used in financing activities Less: decrease in cash, cash equivalents and restricted cash classified within assets held for sale The following is a summary of the Company’s cash, cash equivalents, and restricted cash for the periods presented: Less: accumulated depreciation Interest expense Less: net income attributable to noncontrolling interests Less: Comprehensive income attributable to noncontrolling interests Distributions paid to noncontrolling interests Redemption and cancellation of common shares Redemption and cancellation of common shares (in Shares) Loss from investment in unconsolidated affiliated real estate entity Other non-cash adjustments Decrease/(increase) in other assets Purchase of investment property Purchase of marketable securities Investment in related party joint venture Payments to acquire interest in joint venture Investment in unconsolidated affiliated real estate entity Mortgage principal payments Payment of financing fees and expenses Redemption and cancellation of common shares Distributions paid to noncontrolling interests Rental [Member] Hotel [Member] Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Income Accumulated Deficit Accumulated Surplus Noncontrolling Interests Business and Structure Summary of Significant Accounting Policies Schedule of disaggregation of revenue Hotel revenues Schedule of supplemental cash flow information Cash paid for interest Investments in Unconsolidated Affiliated Entities Schedule of investments in unconsolidated affiliated entities Date of Ownership Ownership interest Ownership interest (as a percent) Schedule of condensed consolidated balance sheet Land held for development Other liabilities Members’ equity Schedule of condensed statements of operations Property operating expenses Operating income Company’s share of net loss (19.0%) Additional depreciation and amortization expense Schedule of condensed balance sheets Cash and restricted cash Mortgages and loans payable, net Mortgage loans Outstanding principal balance Marketable Securities, Derivative Financial Instruments, Fair Value Measurements and Notes Payable Schedule of available for sale securities Marketable Securities: Equity securities: Equity securities, adjusted cost Equity securities, gross unrealized gains Equity securities, fair value