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v3.20.2

Debt - Additional Information (Details) |  |  | 9 Months Ended |
--- | --- | --- | --- | ---
Aug. 04, 2020 USD ($) Hotel | May 06, 2020 USD ($) Hotel | Sep. 30, 2020 USD ($) | Dec. 31, 2019 USD ($)
Debt Instrument [Line Items] |  |  |  |
Revolving credit facility |  |  | $ 173,000,000 | $ 90,000,000
Number of hotels acquired (in hotels) | Hotel |  | 6 |  |
Number of hotels in ownership by Company (in hotels) | Hotel |  | 18 |  |
Fair value of interest rate caps |  |  | $ 10,000 |
Construction loan | Warner Center |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Debt amount | $ 40,000,000 |  |  |
Term of debt | 4 years |  |  |
Number of extension options | Hotel | 2 |  |  |
Period of extension options | 6 months |  |  |
LIBOR | Construction loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  |  | 3.50% |
LIBOR | Construction loan | Warner Center |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 7.50% |  |  |
Floor Rate | Construction loan | Warner Center |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 0.25% |  |  |
Fixed Rate Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Estimated fair value of debt |  |  | $ 471,400,000 | 501,500,000
Variable rate debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Estimated fair value of debt |  |  | 176,900,000 | 90,000,000.0
Senior Unsecured Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Revolving credit facility |  |  | 173,000,000.0 | $ 90,000,000.0
Maximum borrowing availability under revolving credit facility |  | $ 200,000,000 | $ 250,000,000.0 |
Number of extension options | Hotel |  | 2 |  |
Minimum liquidity |  | $ 25,000,000 |  |
Floor interest rate |  | 0.50% |  |
Period of extension options |  | 6 months |  |
Senior Unsecured Revolving Credit Facility | LIBOR | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 2.50% |  |
Senior Unsecured Revolving Credit Facility | LIBOR | Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 3.00% |  |

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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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