XML 52 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Debt - Unsecured Term Loan (Details)
 3 Months Ended
Apr. 26, 2017
USD ($)
Mar. 31, 2017
USD ($)
Unsecured Term Loan | Minimum | Greater than 35% but less than or equal to 45%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.35
Unsecured Term Loan | Minimum | Greater than 45% but less than or equal to 50%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.45
Unsecured Term Loan | Minimum | Greater than 50% but less than or equal to 55%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.5
Unsecured Term Loan | Minimum | Greater than 55%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.55
Unsecured Term Loan | Maximum | Less than or equal to 35%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.35
Unsecured Term Loan | Maximum | Greater than 35% but less than or equal to 45%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.45
Unsecured Term Loan | Maximum | Greater than 45% but less than or equal to 50%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.5
Unsecured Term Loan | Maximum | Greater than 50% but less than or equal to 55%    
Summary of leverage and applicable margin    
Ratio of net indebtedness to EBITDA (as a percent)   0.55
Unsecured Term Loan | LIBOR    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.45%
Interest incurred on the facility   $ 600,000
Unsecured Term Loan | LIBOR | Less than or equal to 35%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.45%
Unsecured Term Loan | LIBOR | Greater than 35% but less than or equal to 45%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.60%
Unsecured Term Loan | LIBOR | Greater than 45% but less than or equal to 50%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.75%
Unsecured Term Loan | LIBOR | Greater than 50% but less than or equal to 55%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.95%
Unsecured Term Loan | LIBOR | Greater than 55%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   2.20%
Line Of Credit Facility Covenant Actual Results    
Line Of Credit Facility Leverage Range [Line Items]    
Maximum leverage ratio (as a percent)   0.252
Unsecured credit facility | LIBOR    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.50%
Unsecured credit facility | LIBOR | Less than or equal to 35%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.50%
Unsecured credit facility | LIBOR | Greater than 35% but less than or equal to 45%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.65%
Unsecured credit facility | LIBOR | Greater than 45% but less than or equal to 50%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.80%
Unsecured credit facility | LIBOR | Greater than 50% but less than or equal to 55%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   2.00%
Unsecured credit facility | LIBOR | Greater than 55%    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   2.25%
Unsecured credit facility | LIBOR | Minimum    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.75%
Unsecured credit facility | LIBOR | Maximum    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   2.75%
Medium-term Notes | Unsecured Term Loan    
Line Of Credit Facility Leverage Range [Line Items]    
Debt instrument, term (in years)   5 years
Medium-term Notes | Unsecured Term Loan | LIBOR | Minimum    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   1.45%
Medium-term Notes | Unsecured Term Loan | LIBOR | Maximum    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   2.20%
Medium-term Notes | Unsecured Term Loan, 2017    
Line Of Credit Facility Leverage Range [Line Items]    
Outstanding principal balance   $ 100,000,000
Subsequent Event | Medium-term Notes | Unsecured Term Loan, 2017    
Line Of Credit Facility Leverage Range [Line Items]    
Debt instrument, term (in years) 5 years  
Outstanding principal balance $ 200,000,000  
Lexington Hotel New York | Mortgages | LIBOR    
Line Of Credit Facility Leverage Range [Line Items]    
Basis spread on variable rate   2.25%
Lexington Hotel New York | Subsequent Event | Mortgages    
Line Of Credit Facility Leverage Range [Line Items]    
Extinguishment of debt, amount $ 170,400,000