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Debt (Tables) | 3 Months Ended
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Mar. 31, 2018
Debt Disclosure [Abstract] |
Components of Mortgage Debt | Mortgage and senior unsecured revolving credit facility debt consisted of the following (dollars in thousands):
Collateral | Interest Rate |  | Maturity Date |  | 3/31/18 Property Carrying Value |  | Balance Outstanding on Loan as of
March 31, 2018 |  | December 31, 2017
Senior Unsecured Revolving Credit Facility (1) | 3.80 | % |  | March 8, 2022 |  | $ | — |  |  | $ | 34,000 |  |  | $ | 32,000 |
Residence Inn by Marriott New Rochelle, NY | 5.75 | % |  | September 1, 2021 |  | 19,030 |  |  | 13,662 |  |  | 13,762 |
Residence Inn by Marriott San Diego, CA | 4.66 | % |  | February 6, 2023 |  | 46,511 |  |  | 28,321 |  |  | 28,469 |
Homewood Suites by Hilton San Antonio, TX | 4.59 | % |  | February 6, 2023 |  | 31,987 |  |  | 16,168 |  |  | 16,253 |
Residence Inn by Marriott Vienna, VA | 4.49 | % |  | February 6, 2023 |  | 30,125 |  |  | 22,132 |  |  | 22,251 |
Courtyard by Marriott Houston, TX | 4.19 | % |  | May 6, 2023 |  | 32,209 |  |  | 18,274 |  |  | 18,375 |
Hyatt Place Pittsburgh, PA | 4.65 | % |  | July 6, 2023 |  | 35,472 |  |  | 22,323 |  |  | 22,437 |
Residence Inn by Marriott Bellevue, WA | 4.97 | % |  | December 6, 2023 |  | 66,982 |  |  | 45,262 |  |  | 45,462 |
Residence Inn by Marriott Garden Grove, CA | 4.79 | % |  | April 6, 2024 |  | 38,208 |  |  | 33,022 |  |  | 33,160 |
Residence Inn by Marriott Silicon Valley I, CA | 4.64 | % |  | July 1, 2024 |  | 78,893 |  |  | 64,800 |  |  | 64,800 |
Residence Inn by Marriott Silicon Valley II, CA | 4.64 | % |  | July 1, 2024 |  | 86,144 |  |  | 70,700 |  |  | 70,700 |
Residence Inn by Marriott San Mateo, CA | 4.64 | % |  | July 1, 2024 |  | 62,486 |  |  | 48,600 |  |  | 48,600 |
Residence Inn by Marriott Mountain View, CA | 4.64 | % |  | July 6, 2024 |  | 55,768 |  |  | 37,900 |  |  | 37,900 |
SpringHill Suites by Marriott Savannah, GA | 4.62 | % |  | July 6, 2024 |  | 36,099 |  |  | 30,000 |  |  | 30,000 |
Hilton Garden Inn Marina del Rey, CA | 4.68 | % |  | July 6, 2024 |  | 41,642 |  |  | 21,657 |  |  | 21,760 |
Homewood Suites by Hilton Billerica, MA | 4.32 | % |  | December 6, 2024 |  | 13,133 |  |  | 16,159 |  |  | 16,225 |
Hampton Inn & Suites Houston Medical Center, TX | 4.25 | % |  | January 6, 2025 |  | 15,007 |  |  | 18,247 |  |  | 18,300 |
Total debt before unamortized debt issue costs |  |  |  |  | $ | 689,696 |  |  | $ | 541,227 |  |  | $ | 540,454 |
Unamortized mortgage debt issue costs |  |  |  |  |  |  | (2,048 | ) |  | (2,138 | )
Total debt outstanding |  |  |  |  |  |  | $ | 539,179 |  |  | $ | 538,316 |
(1) | The interest rate for the senior unsecured revolving credit facility is variable and based on either LIBOR plus an applicable margin ranging from 1.55% to 2.3%, or prime plus an applicable margin of 0.55% to 1.3%.
Future Scheduled Principal Payments of Debt Obligations | Future scheduled principal payments of debt obligations as of March 31, 2018, for the current year and each of the next four calendar years and thereafter are as follows (in thousands):
| Amount
2018 (remaining nine months) | $ | 4,556 |
2019 | 6,992 |
2020 | 9,536 |
2021 | 21,883 |
2022 | 43,954 |
2023 | 142,036 |
Thereafter | 312,270 |
Total debt before unamortized debt issue costs | $ | 541,227 |
Unamortized mortgage debt issue costs | (2,048 | )
Total debt outstanding | $ | 539,179 |

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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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- Definition Tabular disclosure of the terms and amounts of participation in loan arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=29639217&loc=d3e10013-112621 + Details
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