Gross investment property Investment property, net Net investment property Total Assets Total assets Total liabilities Total stockholders’ equity Members’ deficit Members’ capital Total Equity Beginning balance, value Ending balance, value Total Liabilities and Equity Total liabilities and members’ deficit Total liabilities and members’ capital Total expenses Net income/(loss) Net income (loss) Net loss Net income/(loss) applicable to Company’s common shares Net income Net income/(loss) Beginning balance, shares (in Shares) Ending balance, shares (in Shares) Equity Components [Axis] Net cash provided by/(used in) operating activities Net cash used in financing activities 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 Product and Service [Axis] Investment in Unconsolidated Affiliated Entities [Abstract] Business Combination [Axis] Marketable Securities Fair Value Measurements And Margin Loan [Abstract] Financial Instrument [Axis] Mortgage payable, net [Abstract] Debt Instrument [Axis] Total mortgage payable, net Related and Nonrelated Parties [Axis] 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 Investments in unconsolidated affiliated entities Cash and cash equivalents Marketable securities, available for sale Restricted cash Accounts receivable and other assets Liabilities and Equity Accounts payable and other liabilities Mortgage payable, net Distributions payable Due to related parties 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, 100.0 million shares authorized, 15.8 and 15.9 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 deficit Noncontrolling interests Revenues Expenses: Property operating expenses Real estate taxes General and administrative costs Depreciation and amortization Casualty (gain)/loss, net Impairment charge Earnings from investments in unconsolidated affiliated entities Earnings from investments in unconsolidated affiliated entities Other income, 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) Contributions from noncontrolling interests CASH FLOWS FROM OPERATING ACTIVITIES: Adjustments to reconcile net loss to net cash provided by/(used in) operating activities: Depreciation and amortization Amortization of deferred financing costs Casualty (gain)/loss, net Other non-cash adjustments Changes in assets and liabilities: Increase in accounts payable and other accrued expenses Increase/(decrease) in due to related party CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from the sale of marketable securities Proceeds from property insurance claim Net cash (used in)/provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Contributions from noncontrolling interests Supplemental cash flow information for the periods indicated is as follows: Cash paid for interest Distributions declared The following is a summary of the Company’s cash, cash equivalents, and restricted cash for the periods presented: Restricted cash Less accumulated depreciation Interest expense Less: net (income)/loss attributable to noncontrolling interests Distributions declared Redemption and cancellation of shares Redemption and cancellation of shares (in Shares) Distributions to noncontrolling interests Increase in accounts receivable and other assets Purchases of investment property Purchases of marketable securities Contributions to unconsolidated affiliated entities Distributions from unconsolidated affiliated entities Payment on mortgage payable Distributions to noncontrolling interests Tender, redemption and cancellation of common shares Distributions to common stockholders Common Stock Additional Paid-In Capital Accumulated Deficit Noncontrolling Interests Business and Structure Summary of Significant Accounting Policies Schedule of total revenues from hotel operations on a disaggregated basis Philadelphia Hotel Portfolio - Impairment Charge Investments in Unconsolidated Affiliated Entities Schedule of condensed statements of operations Property operating expenses Operating income Operating income Company’s share of net income (48.6%) Company’s share of earnings (50%) Company’s earnings from investment Schedule of condensed balance sheets Investment properties, net Cash and restricted cash Cash (in Dollars) Cash Other assets Mortgages payable, net Mortgage payable, net Other liabilities Schedule of condensed statements of operations Interest expense and other, net Schedule of condensed balance sheets Marketable Securities, Fair Value Measurements and Margin Loan Schedule of available for sale securities Marketable Securities: Adjusted Cost Gross Unrealized Gains Fair Value Marketable Securities: Mortgage Payable, Net Schedule of mortgages payable, net Interest Rate Weighted average interest rate Maturity Date Amount due at maturity Total mortgages payable Company’s Stockholders’ Equity Related Parties Schedule of fees incurred associated with related parties Asset management fees (general and administrative costs) Commitments and Contingencies Interest expense and other, net Additional depreciation and amortization expense (1) Gross Unrealized Losses Less: Deferred financing costs Room [Member] Food, Beverage and Other Revenue [Member] Brownmill Joint Venture [Member] Hilton Garden Inn Joint Venture [Member] Equity Securities [Member]