XML 52 R41.htm IDEA: XBRL DOCUMENT v3.22.2
Debt - Components of Mortgage Debt (Details)
6 Months Ended
Oct. 26, 2021
USD ($)
extension_option
Aug. 04, 2020
USD ($)
extension_option
May 06, 2020
Jun. 30, 2022
USD ($)
Dec. 31, 2021
USD ($)
Oct. 26, 2018
USD ($)
Participating Mortgage Loans [Line Items]            
Property Carrying Value       $ 1,244,816,000    
Total debt before unamortized debt issue costs       489,594,000 $ 544,933,000  
Unamortized mortgage debt issue costs       (511,000) (644,000)  
Total debt outstanding       489,083,000 544,289,000  
Amount refinanced       $ 15,000,000 70,000,000  
Construction loan | Warner Center            
Participating Mortgage Loans [Line Items]            
Number of extension options | extension_option   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%        
Revolving Credit Facility            
Participating Mortgage Loans [Line Items]            
Interest Rate       3.38%    
Property Carrying Value       $ 613,584,000    
Total debt before unamortized debt issue costs       15,000,000 70,000,000  
Floor interest rate 0.50%          
Maximum borrowing availability under revolving credit facility $ 200,000,000          
Amount refinanced       $ 15,000,000 70,000,000  
Number of extension options | extension_option 2          
Period of extension options     6 months      
Revolving Credit Facility | Revolving Credit Facility            
Participating Mortgage Loans [Line Items]            
Total debt before unamortized debt issue costs $ 227,500,000          
Maximum borrowing availability under revolving credit facility           $ 250,000,000
Period of extension options 6 months          
Revolving Credit Facility | LIBOR | Minimum            
Participating Mortgage Loans [Line Items]            
Basis spread on variable rate 2.50%          
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       7.98%    
Property Carrying Value       $ 68,786,000    
Total debt before unamortized debt issue costs       $ 39,143,000 35,007,000  
Homewood Suites by Hilton San Antonio, TX            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.59%    
Property Carrying Value       $ 27,711,000    
Total debt before unamortized debt issue costs       $ 14,606,000 14,808,000  
Residence Inn by Marriott Vienna, VA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.49%    
Property Carrying Value       $ 29,368,000    
Total debt before unamortized debt issue costs       $ 19,963,000 20,243,000  
Courtyard by Marriott Houston, TX            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.19%    
Property Carrying Value       $ 28,896,000    
Total debt before unamortized debt issue costs       $ 16,438,000 16,673,000  
Hyatt Place Pittsburgh, PA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.65%    
Property Carrying Value       $ 32,135,000    
Total debt before unamortized debt issue costs       $ 20,247,000 20,515,000  
Residence Inn by Marriott Bellevue, WA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.97%    
Property Carrying Value       $ 60,411,000    
Total debt before unamortized debt issue costs       $ 41,615,000 42,089,000  
Residence Inn by Marriott Garden Grove, CA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.79%    
Property Carrying Value       $ 38,795,000    
Total debt before unamortized debt issue costs       $ 30,514,000 30,839,000  
Residence Inn by Marriott Silicon Valley I, CA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.64%    
Property Carrying Value       $ 69,856,000    
Total debt before unamortized debt issue costs       $ 61,830,000 62,374,000  
Residence Inn by Marriott Silicon Valley II, CA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.64%    
Property Carrying Value       $ 77,697,000    
Total debt before unamortized debt issue costs       $ 67,459,000 68,054,000  
Residence Inn by Marriott San Mateo, CA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.64%    
Property Carrying Value       $ 58,382,000    
Total debt before unamortized debt issue costs       $ 46,372,000 46,781,000  
Residence Inn by Marriott Mountain View, CA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.64%    
Property Carrying Value       $ 43,778,000    
Total debt before unamortized debt issue costs       $ 36,163,000 36,481,000  
SpringHill Suites by Marriott Savannah, GA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.62%    
Property Carrying Value       $ 32,031,000    
Total debt before unamortized debt issue costs       $ 28,620,000 28,873,000  
Hilton Garden Inn Marina del Rey, CA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.68%    
Property Carrying Value       $ 36,713,000    
Total debt before unamortized debt issue costs       $ 19,781,000 20,024,000  
Homewood Suites by Hilton Billerica, MA            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.32%    
Property Carrying Value       $ 11,823,000    
Total debt before unamortized debt issue costs       $ 14,960,000 15,114,000  
Hampton Inn & Suites Houston Medical Center, TX            
Participating Mortgage Loans [Line Items]            
Interest Rate       4.25%    
Property Carrying Value       $ 14,850,000    
Total debt before unamortized debt issue costs       $ 16,883,000 $ 17,058,000