XML 66 R51.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt - Schedule of Long Term Debt (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Dec. 31, 2016
Debt Instrument [Line Items]      
Principal Balance $ 944,434,000    
Total mortgage debt, net of unamortized debt issuance costs 639,639,000   $ 821,167,000
Senior unsecured credit facility 0    
Total debt $ 937,792,000   920,539,000
Weighted-Average Interest Rate 3.79%    
Unsecured Term Loan Due May 2021      
Debt Instrument [Line Items]      
Interest rate at period end   2.81%  
Mortgages      
Debt Instrument [Line Items]      
Unamortized debt issuance costs $ (4,795,000)   (6,052,000)
Total mortgage debt, net of unamortized debt issuance costs 639,639,000   821,167,000
Unsecured term loan      
Debt Instrument [Line Items]      
Unamortized debt issuance costs (1,847,000)   (628,000)
Total debt $ 298,153,000   99,372,000
Unsecured term loan | Unsecured Term Loan Due May 2021      
Debt Instrument [Line Items]      
Interest rate description LIBOR + 1.45% (2)    
Principal Balance $ 100,000,000   100,000,000
Unsecured term loan | Unsecured Term Loan Due May 2021 | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.45%    
Unsecured term loan | Unsecured Term Loan Due April 2022      
Debt Instrument [Line Items]      
Interest rate description LIBOR + 1.45% (2)    
Principal Balance $ 200,000,000   0
Unsecured term loan | Unsecured Term Loan Due April 2022 | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.94%    
Senior unsecured credit facility      
Debt Instrument [Line Items]      
Interest rate description LIBOR + 1.50%    
Senior unsecured credit facility $ 0   0
Senior unsecured credit facility | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.50%    
Lexington Hotel New York Tenant Leases | Mortgages      
Debt Instrument [Line Items]      
Interest rate description LIBOR + 2.25%    
Principal Balance $ 0   170,368,000
Lexington Hotel New York Tenant Leases | Mortgages | LIBOR      
Debt Instrument [Line Items]      
Basis spread on variable rate 2.25%    
Salt Lake City Marriott Downtown | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 4.25%    
Amortization Provisions 25 years    
Principal Balance $ 56,717,000   58,331,000
Westin Washington D.C. City Center | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 3.99%    
Amortization Provisions 25 years    
Principal Balance $ 64,833,000   66,848,000
The Lodge at Sonoma, a Renaissance Resort & Spa | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 3.96%    
Amortization Provisions 30 years    
Principal Balance $ 28,277,000   28,896,000
Westin San Diego | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 3.94%    
Amortization Provisions 30 years    
Principal Balance $ 64,859,000   66,276,000
Courtyard Manhattan / Midtown East | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 4.40%    
Amortization Provisions 30 years    
Principal Balance $ 84,067,000   85,451,000
Renaissance Worthington | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 3.66%    
Amortization Provisions 30 years    
Principal Balance $ 84,116,000   85,000,000
JW Marriott Denver at Cherry Creek | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 4.33%    
Amortization Provisions 30 years    
Principal Balance $ 63,519,000   64,579,000
Boston Westin | Mortgages      
Debt Instrument [Line Items]      
Interest Rate 4.36%    
Amortization Provisions 30 years    
Principal Balance $ 198,046,000   $ 201,470,000