XML 43 R33.htm IDEA: XBRL DOCUMENT v3.8.0.1

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Minimum Future Obligation Payments Required Under Ground Leases

The following is a schedule of the minimum future payments required under the ground, air rights, garages leases and office lease as of September 30, 2017, for the remainder of 2017 and for each of the next five calendar years and thereafter (in thousands):

	Other Leases(1)				Office Lease
	Amount
2017 (remaining three months)	$	304			$	192
2018	1,217				772
2019	1,220				792
2020	1,267				812
2021	1,273				832
2022	1,276				853
Thereafter	68,178				3,310
Total	$	74,735			$	7,563

(1) Other leases includes ground, garage and air rights leases at our hotels.

Schedule Of Management Agreement Terms

The updated agreements are summarized as follows:

Property	Courtyard Altoona		Springhill Suites Washington		Residence Inn Garden Grove		Residence Inn San Diego		Residence Inn San Antonio		Residence Inn Vienna		Residence Inn Washington D.C.
Original Management Fee	4.0	%	4.0	%	2.5	%	2.5	%	2.5	%	2.5	%	2.5	%
Amended Management Fee	3.0	%	3.0	%	3.0	%	3.0	%	3.0	%	3.0	%	3.0	%
Original Monthly Accounting Fee	1,211		991		1,000		1,000		1,000		1,000		1,000
Amended Monthly Accounting Fee	1,500		1,200		1,200		1,200		1,200		1,200		1,200
Original Monthly Revenue Management Fee	—		—		—		—		—		—		—
Amended Monthly Revenue Management Fee	1,000		1,000		1,000		1,000		1,000		1,000		1,000

The company renewed six management agreements in 2017. The updated agreements are summarized as follows:

Property	Homewood Suites Billerica		Homewood Suites Bloomington		Homewood Suites Maitland		Homewood Suites Dallas		Homewood Suites Brentwood		Homewood Suites Farmington
Renewal Date	4/1/2017		4/1/2017		5/1/2017		5/1/2017		6/1/2017		8/1/2017
Original Management Fee	2.0	%	2.0	%	2.0	%	2.0	%	2.0	%	2.0	%
Amended Management Fee	3.0	%	3.0	%	3.0	%	3.0	%	3.0	%	3.0	%
Original Monthly Accounting Fee	1,000		1,000		1,000		1,000		1,000		1,000
Amended Monthly Accounting Fee	1,200		1,200		1,200		1,200		1,200		1,200
Original Monthly Revenue Management Fee	550		550		550		550		550		550
Amended Monthly Revenue Management Fee	1,000		1,000		1,000		1,000		1,000		1,000

Terms of the Company's management agreements entered into during the three and nine months ended September 30, 2017 are as follows:

Property	Management Company	Base Management Fee	Monthly Accounting Fee	Monthly Revenue Management Fee	Incentive Management Fee
Hilton Garden Inn Portsmouth	IHM	3%	$1,500	$1,000	1%

Schedule Of Franchise Fee Agreements

Terms of the Company's franchise agreements entered into during the three and nine months ended September 30, 2017 are as follows:

Property	Franchise Company	Franchise/Royalty Fee	Marketing Program Fee	Expiration
Hilton Garden Inn Portsmouth	Hilton Franchise Holding LLC	5.5%	4%	2037

X

- Definition

Schedule Of Franchise Agreement Terms [Table Text Block]

+ References

No definition available.

+ Details

Name:	cldt_ScheduleOfFranchiseAgreementTermsTableTextBlock
Namespace Prefix:	cldt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of Management Agreement Terms [Table Text Block]

+ References

No definition available.

+ Details

Name:	cldt_ScheduleOfManagementAgreementTermsTableTextBlock
Namespace Prefix:	cldt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CommitmentsAndContingenciesDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737

+ Details

Name:	us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration