XML 59 R49.htm IDEA: XBRL DOCUMENT v3.22.2
Indebtedness, net - Schedule of Indebtedness (Details)
$ in Thousands
6 Months Ended
Jun. 07, 2022
USD ($)
Mar. 02, 2022
USD ($)
Jun. 30, 2022
USD ($)
hotel
extension
Dec. 31, 2021
USD ($)
Jan. 15, 2021
USD ($)
Debt Instrument [Line Items]          
Embedded debt derivative         $ 43,700
Indebtedness, net     $ 3,843,543 $ 3,887,822  
LIBOR rate     1.787% 0.101%  
Mortgages and Line Of Credit          
Debt Instrument [Line Items]          
Debt Balance     $ 3,842,745 $ 3,884,622  
Mortgages          
Debt Instrument [Line Items]          
Premiums (discounts), net     (27,167) (32,777)  
Capitalized default interest and late charges     15,947 23,511  
Deferred loan costs, net     (11,979) (15,440)  
Indebtedness, net     3,843,543 3,887,822  
Indebtedness related to assets held for sale     29,700 0  
Indebtedness, net, including indebtedness related to assets held for sale     $ 3,873,243 3,887,822  
Mortgages | Mortgage loan 1          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Basis spread on variable rate 4.40%   3.95%    
Debt Balance     $ 0 33,200  
Number of extension options | extension     1    
Term of extension option (in years)     1 year    
LIBOR floor (as a percent)     0.25%    
Repayments of principal $ 3,200        
Mortgages | Mortgage loan 2          
Debt Instrument [Line Items]          
Collateral | hotel     17    
Debt Balance     $ 415,000 419,000  
Number of extension options | extension     5    
Term of extension option (in years)     1 year    
Repayments of principal   $ 4,000      
Mortgages | Mortgage loan 3          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 25,000 25,000  
Number of extension options | extension     3    
Term of extension option (in years)     1 year    
LIBOR floor (as a percent)     1.25%    
Mortgages | Mortgage loan 4          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 16,100 16,100  
Number of extension options | extension     2    
Term of extension option (in years)     1 year    
LIBOR floor (as a percent)     0.25%    
Mortgages | Mortgage loan 5          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 37,000 37,000  
Number of extension options | extension     2    
Term of extension option (in years)     1 year    
Mortgages | Mortgage loan 6          
Debt Instrument [Line Items]          
Collateral | hotel     8    
Debt Balance     $ 395,000 395,000  
Number of extension options | extension     5    
Term of extension option (in years)     1 year    
Mortgages | Mortgage loan 7          
Debt Instrument [Line Items]          
Collateral | hotel     2    
Debt Balance     $ 240,000 240,000  
Number of extension options | hotel     5    
Term of extension option (in years)     1 year    
Mortgages | Mortgage loan 8          
Debt Instrument [Line Items]          
Collateral | hotel     19    
Debt Balance     $ 907,030 910,694  
Number of extension options | hotel     5    
Term of extension option (in years)     1 year    
Mortgages | Mortgage loan 9          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 73,450 73,450  
Mortgages | Mortgage loan 10          
Debt Instrument [Line Items]          
Collateral | hotel     7    
Debt Balance     $ 180,720 180,720  
Number of extension options | hotel     5    
Term of extension option (in years)     1 year    
Mortgages | Mortgage loan 11          
Debt Instrument [Line Items]          
Collateral | hotel     7    
Debt Balance     $ 174,400 174,400  
Mortgages | Mortgage loan 12          
Debt Instrument [Line Items]          
Collateral | hotel     5    
Debt Balance     $ 221,040 221,040  
Mortgages | Mortgage loan 13          
Debt Instrument [Line Items]          
Collateral | hotel     5    
Debt Balance     $ 262,640 262,640  
Mortgages | Mortgage loan 14          
Debt Instrument [Line Items]          
Collateral | hotel     5    
Debt Balance     $ 160,000 160,000  
Mortgages | Mortgage loan 15          
Debt Instrument [Line Items]          
Collateral | hotel     5    
Debt Balance     $ 215,120 215,120  
Mortgages | Mortgage loan 16          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 6,419 6,492  
Mortgages | Mortgage loan 17          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 9,368 9,474  
Mortgages | Mortgage loan 18          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Interest rate     499.00%    
Debt Balance     $ 5,941 6,150  
Mortgages | Mortgage loan 19          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 8,881 8,881  
Mortgages | Mortgage loan 20          
Debt Instrument [Line Items]          
Collateral | hotel     2    
Interest rate     485.00%    
Debt Balance     $ 11,310 11,427  
Mortgages | Mortgage loan 21          
Debt Instrument [Line Items]          
Collateral | hotel     3    
Debt Balance     $ 22,622 22,853  
Mortgages | Mortgage loan 22          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 84,000 84,000  
Number of extension options | hotel     2    
Term of extension option (in years)     1 year    
LIBOR floor (as a percent)     0.10%    
Mortgages | Mortgage loan 23          
Debt Instrument [Line Items]          
Collateral | hotel     3    
Interest rate     445.00%    
Debt Balance     $ 50,098 50,098  
Mortgages | Mortgage loan 24          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Interest rate     4.66%    
Debt Balance     $ 23,606 23,883  
Mortgages | Mortgage loan 25          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Debt Balance     $ 98,000 98,000  
Number of extension options | hotel     1    
Term of extension option (in years)     1 year    
Mortgages | Mortgage loan 26          
Debt Instrument [Line Items]          
Collateral | hotel     1    
Mortgages | LIBOR | Mortgage loan 2          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.00%    
Mortgages | LIBOR | Mortgage loan 3          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.70%    
Mortgages | LIBOR | Mortgage loan 4          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.25%    
Mortgages | LIBOR | Mortgage loan 5          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.40%    
Mortgages | LIBOR | Mortgage loan 6          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.07%    
Mortgages | LIBOR | Mortgage loan 7          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.75%    
Mortgages | LIBOR | Mortgage loan 8          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.20%    
Mortgages | LIBOR | Mortgage loan 9          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.45%    
Mortgages | LIBOR | Mortgage loan 10          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.65%    
Mortgages | LIBOR | Mortgage loan 11          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.39%    
Mortgages | LIBOR | Mortgage loan 12          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.73%    
Mortgages | LIBOR | Mortgage loan 13          
Debt Instrument [Line Items]          
Basis spread on variable rate     4.02%    
Mortgages | LIBOR | Mortgage loan 14          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.73%    
Mortgages | LIBOR | Mortgage loan 15          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.68%    
Mortgages | LIBOR | Mortgage loan 16          
Debt Instrument [Line Items]          
Interest rate     5.49%    
Mortgages | LIBOR | Mortgage loan 17          
Debt Instrument [Line Items]          
Interest rate     5.49%    
Mortgages | LIBOR | Mortgage loan 19          
Debt Instrument [Line Items]          
Basis spread on variable rate     2.00%    
Mortgages | LIBOR | Mortgage loan 21          
Debt Instrument [Line Items]          
Interest rate     4.90%    
Mortgages | LIBOR | Mortgage loan 22          
Debt Instrument [Line Items]          
Basis spread on variable rate     4.65%    
Mortgages | LIBOR | Mortgage loan 25          
Debt Instrument [Line Items]          
Basis spread on variable rate     3.80%    
Mortgages | LIBOR | Mortgage loan 26          
Debt Instrument [Line Items]          
Basis spread on variable rate     4.40%    
Line of Credit | Term loan          
Debt Instrument [Line Items]          
Interest rate     16.00%    
Debt Balance     $ 200,000 200,000  
Number of extension options | hotel     2    
Term of extension option (in years)     1 year    
Embedded debt derivative          
Debt Instrument [Line Items]          
Embedded debt derivative     $ 23,997 $ 27,906