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v3.23.1

Debt - Components of Mortgage Debt (Details) |  | 3 Months Ended |  |
--- | --- | --- | --- | ---
Aug. 04, 2020 USD ($) extension_option | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 19, 2022 USD ($)
Participating Mortgage Loans [Line Items] |  |  |  |
Property Carrying Value |  | $ 489,426,000 |  |
Total debt before unamortized debt issue costs |  | 469,714,000 | $ 470,257,000 |
Unamortized term loan and mortgage debt issue costs |  | (967,000) | (373,000) |
Total debt outstanding |  | $ 468,747,000 | 469,884,000 |
Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Maximum borrowing availability under revolving credit facility |  |  |  | $ 260,000,000
Construction loan | Mack Real Estate Credit Strategies |  |  |  |
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 | Mack Real Estate Credit Strategies |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate | 7.50% |  |  |
Floor Rate | Construction loan | Mack Real Estate Credit Strategies |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate | 0.25% |  |  |
Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 0.00% |  |
Property Carrying Value |  | $ 0 |  |
Total debt before unamortized debt issue costs |  | $ 0 | 0 |
Revolving Credit Facility | SOFR | Minimum | Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate |  | 1.50% |  |
Revolving Credit Facility | SOFR | Maximum | Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate |  | 2.25% |  |
Unsecured Term Loan |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 6.15% |  |
Property Carrying Value |  | $ 0 |  |
Total debt before unamortized debt issue costs |  | $ 75,000,000 | 0 |
Unsecured Term Loan | SOFR | Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate |  | 0.10% |  |
Unsecured Term Loan | SOFR | Minimum | Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate |  | 1.45% |  |
Unsecured Term Loan | SOFR | Maximum | Revolving Credit Facility |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Basis spread on variable rate |  | 2.20% |  |
Construction loan |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 11.00% |  |
Property Carrying Value |  | $ 0 |  |
Total debt before unamortized debt issue costs |  | $ 0 | 39,331,000 |
Homewood Suites by Hilton San Antonio, TX |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.59% |  |
Property Carrying Value |  | $ 0 |  |
Total debt before unamortized debt issue costs |  | $ 0 | 14,402,000 |
Residence Inn by Marriott Vienna, VA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.49% |  |
Property Carrying Value |  | $ 0 |  |
Total debt before unamortized debt issue costs |  | $ 0 | 19,680,000 |
Courtyard by Marriott Houston, TX |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.19% |  |
Property Carrying Value |  | $ 28,668,000 |  |
Total debt before unamortized debt issue costs |  | $ 16,076,000 | 16,200,000 |
Hyatt Place Pittsburgh, PA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.65% |  |
Property Carrying Value |  | $ 31,402,000 |  |
Total debt before unamortized debt issue costs |  | $ 19,833,000 | 19,975,000 |
Residence Inn by Marriott Bellevue, WA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.97% |  |
Property Carrying Value |  | $ 59,341,000 |  |
Total debt before unamortized debt issue costs |  | $ 40,880,000 | 41,133,000 |
Residence Inn by Marriott Garden Grove, CA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.79% |  |
Property Carrying Value |  | $ 37,415,000 |  |
Total debt before unamortized debt issue costs |  | $ 30,010,000 | 30,184,000 |
Residence Inn by Marriott Silicon Valley I, CA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.64% |  |
Property Carrying Value |  | $ 66,820,000 |  |
Total debt before unamortized debt issue costs |  | $ 60,989,000 | 61,280,000 |
Residence Inn by Marriott Silicon Valley II, CA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.64% |  |
Property Carrying Value |  | $ 74,509,000 |  |
Total debt before unamortized debt issue costs |  | $ 66,542,000 | 66,860,000 |
Residence Inn by Marriott San Mateo, CA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.64% |  |
Property Carrying Value |  | $ 56,267,000 |  |
Total debt before unamortized debt issue costs |  | $ 45,742,000 | 45,960,000 |
Residence Inn by Marriott Mountain View, CA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.64% |  |
Property Carrying Value |  | $ 41,495,000 |  |
Total debt before unamortized debt issue costs |  | $ 35,671,000 | 35,842,000 |
SpringHill Suites by Marriott Savannah, GA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.62% |  |
Property Carrying Value |  | $ 31,265,000 |  |
Total debt before unamortized debt issue costs |  | $ 28,229,000 | 28,365,000 |
Hilton Garden Inn Marina del Rey, CA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.68% |  |
Property Carrying Value |  | $ 36,592,000 |  |
Total debt before unamortized debt issue costs |  | $ 19,406,000 | 19,535,000 |
Homewood Suites by Hilton Billerica, MA |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.32% |  |
Property Carrying Value |  | $ 11,273,000 |  |
Total debt before unamortized debt issue costs |  | $ 14,723,000 | 14,804,000 |
Hampton Inn & Suites Houston Medical Center, TX |  |  |  |
Participating Mortgage Loans [Line Items] |  |  |  |
Interest Rate |  | 4.25% |  |
Property Carrying Value |  | $ 14,379,000 |  |
Total debt before unamortized debt issue costs |  | $ 16,613,000 | $ 16,706,000 |

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