XML 50 R41.htm IDEA: XBRL DOCUMENT v3.22.1
Debt - Schedule of Long Term Debt (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Weighted-average interest rate (as a percent) 3.78%  
Total mortgage debt, net of unamortized debt issuance costs $ 574,909 $ 578,651
Total debt 1,173,577 1,067,223
Senior unsecured credit facility 200,000 90,000
Mortgages    
Debt Instrument [Line Items]    
Unamortized debt issuance costs (1,661) (1,853)
Total mortgage debt, net of unamortized debt issuance costs 574,909 578,651
Unsecured Term Loan    
Debt Instrument [Line Items]    
Unamortized debt issuance costs (1,332) (1,428)
Total debt 398,668 398,572
Unsecured Term Loan Due October 2023 | Unsecured Term Loan    
Debt Instrument [Line Items]    
Principal balance $ 50,000 50,000
Unsecured Term Loan Due October 2023 | Unsecured Term Loan | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.40%  
Unsecured Term Loan Due October 2023 | Interest Rate Swap | Unsecured Term Loan | LIBOR Swap Rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.41%  
Unsecured Term Loan due July 2024 | Unsecured Term Loan    
Debt Instrument [Line Items]    
Principal balance $ 350,000 350,000
Unsecured Term Loan due July 2024 | Unsecured Term Loan | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.40%  
Revolving Credit Facility | Line of Credit    
Debt Instrument [Line Items]    
Senior unsecured credit facility $ 200,000 90,000
Revolving Credit Facility | Line of Credit | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.55%  
Unsecured Term Loan, $175 million | Unsecured Term Loan    
Debt Instrument [Line Items]    
Principal balance $ 175,000  
Unsecured Term Loan, $175 million | Interest Rate Swap | Unsecured Term Loan | LIBOR Swap Rate    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.70%  
Salt Lake City Marriott Downtown at City Creek mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Basis spread on variable rate 3.25%  
Principal balance $ 43,120 43,570
Westin Washington, D.C. City Center mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.99%  
Principal balance $ 55,299 55,913
The Lodge at Sonoma Resort mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.96%  
Principal balance $ 25,413 25,542
Westin San Diego Bayview mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.94%  
Principal balance $ 58,166 58,600
Courtyard New York Manhattan/Midtown East mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.40%  
Principal balance $ 77,445 77,882
Worthington Renaissance Fort Worth Hotel mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 3.66%  
Principal balance $ 76,992 77,453
Hotel Clio mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.33%  
Principal balance $ 58,456 58,789
Westin Boston Seaport District mortgage loan | Mortgages    
Debt Instrument [Line Items]    
Interest rate, stated percentage 4.36%  
Principal balance $ 181,679 $ 182,755
Minimum | Revolving Credit Facility | Line of Credit | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.25%  
Minimum | Unsecured Term Loan, $175 million | Interest Rate Swap | Unsecured Term Loan | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 0.25%  
Minimum | Salt Lake City Marriott Downtown at City Creek mortgage loan | Mortgages | LIBOR    
Debt Instrument [Line Items]    
Basis spread on variable rate 1.00%