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Debt (Tables) | 3 Months Ended
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Mar. 31, 2021
Debt Disclosure [Abstract] |
Summary of Long Term Debt | The following table sets forth information regarding the Company’s debt as of March 31, 2021 and December 31, 2020 (dollars in thousands):
|  |  |  |  |  | Principal Balance as of
Loan |  | Interest Rate as of March 31, 2021 |  | Maturity Date |  | March 31, 2021 |  | December 31, 2020
Salt Lake City Marriott Downtown at City Creek mortgage loan |  | LIBOR + 3.25% (1) |  | January 2022 (2) |  | $ | 46,800 |  |  | $ | 47,250 |
Westin Washington, D.C. City Center mortgage loan |  | 3.99% |  | January 2023 |  | 57,691 |  |  | 58,282 |
The Lodge at Sonoma Renaissance Resort & Spa mortgage loan |  | 3.96% |  | April 2023 |  | 26,144 |  |  | 26,268 |
Westin San Diego Downtown mortgage loan |  | 3.94% |  | April 2023 |  | 59,844 |  |  | 60,261 |
Courtyard New York Manhattan/Midtown East mortgage loan |  | 4.40% |  | August 2024 |  | 79,117 |  |  | 79,535 |
Worthington Renaissance Fort Worth Hotel mortgage loan |  | 3.66% |  | May 2025 |  | 78,770 |  |  | 79,214 |
JW Marriott Denver at Cherry Creek mortgage loan |  | 4.33% |  | July 2025 |  | 59,732 |  |  | 60,052 |
Westin Boston Waterfront mortgage loan |  | 4.36% |  | November 2025 |  | 185,808 |  |  | 186,840 |
Unamortized debt issuance costs |  |  |  |  |  | (2,362) |  |  | (2,553) |
Total mortgage and other debt, net of unamortized debt issuance costs |  |  |  |  |  | 591,544 |  |  | 595,149 |
Unsecured term loan |  | LIBOR + 2.40% (3) |  | October 2023 |  | 50,000 |  |  | 50,000 |
Unsecured term loan |  | LIBOR + 2.40% (4) |  | July 2024 |  | 350,000 |  |  | 350,000 |
Unamortized debt issuance costs |  |  |  |  |  | (1,874) |  |  | (1,450) |
Unsecured term loans, net of unamortized debt issuance costs |  |  |  |  |  | 398,126 |  |  | 398,550 |
Senior unsecured credit facility |  | LIBOR + 2.55% (5) |  | July 2023 (6) |  | 100,000 |  |  | 55,000 |
Total debt, net of unamortized debt issuance costs |  |  |  |  |  | $ | 1,089,670 |  |  | $ | 1,048,699 |
Weighted-Average Interest Rate |  | 3.87% |  |  |  |  |  |
_______________________ (1)LIBOR is subject to a floor of 1.0%. (2)The loan may be extended for an additional year upon satisfaction of certain conditions. (3) We are party to an interest rate swap agreement that fixes LIBOR at 2.41% through October 2023. (4) We are party to an interest rate swap agreement that fixes LIBOR at 1.70% through July 2024 for $175 million of the loan. LIBOR is subject to a floor of 0.25%. (5) LIBOR is subject to a floor of 0.25%. (6) The credit facility may be extended for an additional year upon the payment of applicable fees and the satisfaction of certain customary conditions.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(e),(f)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644 + Details
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