XML 51 R41.htm IDEA: XBRL DOCUMENT v3.21.2
Debt - Components of Mortgage Debt (Details)
6 Months Ended
Aug. 04, 2020
USD ($)
hotel
May 06, 2020
USD ($)
hotel
Jun. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Participating Mortgage Loans [Line Items]        
Property Carrying Value     $ 1,287,080,000  
Total debt before unamortized debt issue costs     599,815,000 $ 609,741,000
Unamortized mortgage debt issue costs     (778,000) (971,000)
Total debt outstanding     599,037,000 608,770,000
Amount refinanced     $ 128,000,000 135,300,000
Construction loan | Warner Center        
Participating Mortgage Loans [Line Items]        
Number of extension options | hotel 2      
Period of extension options 6 months      
Debt amount $ 40,000,000      
Term of debt 4 years      
LIBOR | Construction loan        
Participating Mortgage Loans [Line Items]        
Basis spread on variable rate     3.50%  
LIBOR | Construction loan | Warner Center        
Participating Mortgage Loans [Line Items]        
Basis spread on variable rate 7.50%      
Floor Rate | Construction loan | Warner Center        
Participating Mortgage Loans [Line Items]        
Basis spread on variable rate 0.25%      
Senior Unsecured Revolving Credit Facility        
Participating Mortgage Loans [Line Items]        
Interest Rate     3.11%  
Property Carrying Value     $ 620,783,000  
Total debt before unamortized debt issue costs     128,000,000 135,300,000
Floor interest rate   0.50%    
Maximum borrowing availability under revolving credit facility   $ 200,000,000    
Amount refinanced     $ 128,000,000.0 135,300,000
Number of extension options | hotel   2    
Period of extension options   6 months    
Senior Unsecured Revolving Credit Facility | Revolving Credit Facility        
Participating Mortgage Loans [Line Items]        
Maximum borrowing availability under revolving credit facility   $ 250,000,000.0    
Senior Unsecured Revolving Credit Facility | LIBOR | Minimum        
Participating Mortgage Loans [Line Items]        
Basis spread on variable rate   2.50%    
Senior Unsecured Revolving Credit Facility | LIBOR | Maximum        
Participating Mortgage Loans [Line Items]        
Basis spread on variable rate   3.00%    
Construction loan        
Participating Mortgage Loans [Line Items]        
Interest Rate     7.75%  
Property Carrying Value     $ 58,882,000  
Total debt before unamortized debt issue costs     $ 27,573,000 13,325,000
Residence Inn by Marriott New Rochelle, NY        
Participating Mortgage Loans [Line Items]        
Interest Rate     5.75%  
Property Carrying Value     $ 21,667,000  
Total debt before unamortized debt issue costs     $ 0 12,602,000
Homewood Suites by Hilton San Antonio, TX        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.59%  
Property Carrying Value     $ 28,104,000  
Total debt before unamortized debt issue costs     $ 15,003,000 15,195,000
Residence Inn by Marriott Vienna, VA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.49%  
Property Carrying Value     $ 30,572,000  
Total debt before unamortized debt issue costs     $ 20,513,000 20,780,000
Courtyard by Marriott Houston, TX        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.19%  
Property Carrying Value     $ 29,629,000  
Total debt before unamortized debt issue costs     $ 16,901,000 17,126,000
Hyatt Place Pittsburgh, PA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.65%  
Property Carrying Value     $ 33,257,000  
Total debt before unamortized debt issue costs     $ 20,775,000 21,031,000
Residence Inn by Marriott Bellevue, WA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.97%  
Property Carrying Value     $ 61,627,000  
Total debt before unamortized debt issue costs     $ 42,547,000 42,998,000
Residence Inn by Marriott Garden Grove, CA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.79%  
Property Carrying Value     $ 40,680,000  
Total debt before unamortized debt issue costs     $ 31,153,000 31,463,000
Residence Inn by Marriott Silicon Valley I, CA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.64%  
Property Carrying Value     $ 73,657,000  
Total debt before unamortized debt issue costs     $ 62,898,000 63,418,000
Residence Inn by Marriott Silicon Valley II, CA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.64%  
Property Carrying Value     $ 81,766,000  
Total debt before unamortized debt issue costs     $ 68,625,000 69,192,000
Residence Inn by Marriott San Mateo, CA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.64%  
Property Carrying Value     $ 61,251,000  
Total debt before unamortized debt issue costs     $ 47,174,000 47,564,000
Residence Inn by Marriott Mountain View, CA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.64%  
Property Carrying Value     $ 46,852,000  
Total debt before unamortized debt issue costs     $ 36,788,000 37,092,000
SpringHill Suites by Marriott Savannah, GA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.62%  
Property Carrying Value     $ 32,848,000  
Total debt before unamortized debt issue costs     $ 29,116,000 29,358,000
Hilton Garden Inn Marina del Rey, CA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.68%  
Property Carrying Value     $ 37,494,000  
Total debt before unamortized debt issue costs     $ 20,258,000 20,490,000
Homewood Suites by Hilton Billerica, MA        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.32%  
Property Carrying Value     $ 12,576,000  
Total debt before unamortized debt issue costs     $ 15,263,000 15,411,000
Hampton Inn & Suites Houston Medical Center, TX        
Participating Mortgage Loans [Line Items]        
Interest Rate     4.25%  
Property Carrying Value     $ 15,435,000  
Total debt before unamortized debt issue costs     $ 17,228,000 $ 17,396,000