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Debt (Tables) | 6 Months Ended
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Jun. 30, 2019
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 |  | 6/30/19 Property Carrying Value |  | Balance Outstanding on Loan as of |  |
|  |  |  |  |  |  | June 30, 2019 |  | December 31, 2018
Senior Unsecured Revolving Credit Facility (1) | 4.49 | % |  | March 8, 2022 |  | $ | — |  | $ | 79,000 |  | $ | 81,500
Residence Inn by Marriott New Rochelle, NY | 5.75 | % |  | September 1, 2021 |  | 18,075 |  | 13,151 |  | 13,361
Residence Inn by Marriott San Diego, CA | 4.66 | % |  | February 6, 2023 |  | 45,319 |  | 27,580 |  | 27,885
Homewood Suites by Hilton San Antonio, TX | 4.59 | % |  | February 6, 2023 |  | 30,476 |  | 15,741 |  | 15,916
Residence Inn by Marriott Vienna, VA | 4.49 | % |  | February 6, 2023 |  | 32,435 |  | 21,538 |  | 21,782
Courtyard by Marriott Houston, TX | 4.19 | % |  | May 6, 2023 |  | 31,610 |  | 17,768 |  | 17,976
Hyatt Place Pittsburgh, PA | 4.65 | % |  | July 6, 2023 |  | 35,294 |  | 21,756 |  | 21,989
Residence Inn by Marriott Bellevue, WA | 4.97 | % |  | December 6, 2023 |  | 64,920 |  | 44,270 |  | 44,680
Residence Inn by Marriott Garden Grove, CA | 4.79 | % |  | April 6, 2024 |  | 38,171 |  | 32,338 |  | 32,620
Residence Inn by Marriott Silicon Valley I, CA | 4.64 | % |  | July 1, 2024 |  | 81,038 |  | 64,800 |  | 64,800
Residence Inn by Marriott Silicon Valley II, CA | 4.64 | % |  | July 1, 2024 |  | 82,767 |  | 70,700 |  | 70,700
Residence Inn by Marriott San Mateo, CA | 4.64 | % |  | July 1, 2024 |  | 63,554 |  | 48,600 |  | 48,600
Residence Inn by Marriott Mountain View, CA | 4.64 | % |  | July 6, 2024 |  | 54,140 |  | 37,900 |  | 37,900
SpringHill Suites by Marriott Savannah, GA | 4.62 | % |  | July 6, 2024 |  | 35,224 |  | 30,000 |  | 30,000
Hilton Garden Inn Marina del Rey, CA | 4.68 | % |  | July 6, 2024 |  | 39,818 |  | 21,145 |  | 21,355
Homewood Suites by Hilton Billerica, MA | 4.32 | % |  | December 6, 2024 |  | 14,464 |  | 15,829 |  | 15,965
Hampton Inn & Suites Houston Medical Center, TX | 4.25 | % |  | January 6, 2025 |  | 15,687 |  | 17,872 |  | 18,026
Total debt before unamortized debt issue costs |  |  |  |  | $ | 682,992 |  | $ | 579,988 |  | $ | 585,055
Unamortized mortgage debt issue costs |  |  |  |  |  |  | (1,585) |  | (1,773)
Total debt outstanding |  |  |  |  |  |  | $ | 578,403 |  | $ | 583,282
(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 June 30, 2019, for the current year and each of the next four calendar years and thereafter are as follows (in thousands):
| Amount
2019 (remaining six months) | $ | 4,425
2020 | 9,536
2021 | 21,963
2022 | 88,954
2023 | 142,545
2024 | 296,658
Thereafter | 15,907
Total debt before unamortized debt issue costs | $ | 579,988
Unamortized mortgage debt issue costs | (1,585)
Total debt outstanding | $ | 578,403

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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://fasb.org/us-gaap/role/ref/legacyRef -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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377297&loc=d3e10013-112621 + Details
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