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v3.22.1

Debt - Additional Information (Details) |  | 3 Months Ended |  |
--- | --- | --- | --- | ---
Oct. 26, 2021 USD ($) extension_option hotel | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Oct. 26, 2018 USD ($)
Debt Instrument [Line Items] |  |  |  |
Total debt before unamortized debt issue costs |  | $ 586,095,000 | $ 544,933,000 |
Fair value of interest rate caps |  | $ 300,000 |  |
LIBOR | Construction loan |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate |  | 3.50% |  |
Fixed Rate Debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Estimated fair value of debt |  | $ 429,400,000 | 443,400,000 |
Variable rate debt |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Estimated fair value of debt |  | 148,500,000 | 105,000,000 |
Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Maximum borrowing availability under revolving credit facility | $ 200,000,000 |  |  |
Number of extension options | extension_option | 2 |  |  |
Total debt before unamortized debt issue costs |  | $ 110,000,000 | $ 70,000,000 |
Number of hotels acquired | hotel | 3 |  |  |
Floor interest rate | 0.50% |  |  |
Revolving Credit Facility | Revolving Credit Facility |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Maximum borrowing availability under revolving credit facility |  |  |  | $ 250,000,000
Total debt before unamortized debt issue costs | $ 227,500,000 |  |  |
Revolving Credit Facility | LIBOR | Minimum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 2.50% |  |  |
Revolving Credit Facility | LIBOR | Maximum |  |  |  |
Debt Instrument [Line Items] |  |  |  |
Basis spread on variable rate | 3.00% |  |  |

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- Definition Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but is not limited to, notes payable, bonds payable, commercial loans, mortgage loans, convertible debt, subordinated debt and other types of debt. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=123466204&loc=SL6031897-161870 Reference 2: 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 Reference 3: 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 4: 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 + Details
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