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Fair Value (Details) $ in Thousands | Sep. 30, 2021 USD ($) room | Dec. 31, 2020 USD ($)
--- | --- | ---
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net | $ (35,208) | $ (69,050)
Debt, net | $ 2,381,274 | 2,587,731
Disposals 2021 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 577 |
Residence Inn Indianapolis Fishers |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 78 |
Courtyard Houston Sugarland |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 112 |
Residence Inn Chicago Naperville |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 130 |
Fairfield Inn & Suites Chicago Hammond |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 94 |
Residence Inn Chicago Hammond |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 78 |
Courtyard Chicago Hammond |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Property disposed, number of rooms | room | 85 |
Fair Value, Inputs, Level 3 [Member] |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Fair Value | $ 2,382,390 | 2,539,983
Recurring | Interest rate swap |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Interest rate swap asset | 358 |
Interest rate swap liability | (35,566) | (69,050)
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net | (35,208) | (69,050)
Recurring | Level 1 | Interest rate swap |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Interest rate swap asset | 0 |
Interest rate swap liability | 0 | 0
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net | 0 | 0
Recurring | Fair Value, Inputs, Level 2 [Member] | Interest rate swap |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Interest rate swap asset | 358 |
Interest rate swap liability | (35,566) | (69,050)
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net | (35,208) | (69,050)
Recurring | Fair Value, Inputs, Level 3 [Member] | Interest rate swap |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Interest rate swap asset | 0 |
Interest rate swap liability | 0 | 0
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net | 0 | 0
Senior Notes [Member] | $500 Million Term Loan Maturing 2026 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Gross |  | 0
Senior Notes [Member] | $500 Million Term Loan Maturing 2029 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Gross | 494,421 | 0
Senior Notes [Member] | Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Fair Value | 0 | 484,229
Unsecured Debt [Member] | Fair Value, Inputs, Level 3 [Member] |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Fair Value | 1,005,545 | 1,543,636
Unsecured Debt | 1,014,659 | 1,568,304
Secured Debt [Member] | Fair Value, Inputs, Level 3 [Member] |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Fair Value | 371,810 | 512,118
Secured Debt | 379,718 | 523,668
$500 Million Senior Notes Due 2026 | $500 Million Term Loan Maturing 2026 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Gross | 492,476 | 0
$500 Million Senior Notes Due 2026 | Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Fair Value | 503,975 | 0
$500 Million Term Loan Maturing 2029 | Level 1 |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis |  |
Long-term Debt, Fair Value | $ 501,060 | $ 0

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