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v3.23.2

Debt - Schedule of Components of Mortgage Debt (Details) |  | 6 Months Ended |
--- | --- | --- | ---
Aug. 04, 2020 USD ($) extension_option | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($)
Participating Mortgage Loans [Line Items] |  |  |
Property Carrying Value |  | $ 455,881,000 |
Total debt before unamortized debt issue costs |  | 466,705,000 | $ 470,257,000
Unamortized term loan and mortgage debt issue costs |  | (846,000) | (373,000)
Total debt outstanding |  | $ 465,859,000 | 469,884,000
Construction loan | Mack Real Estate Credit Strategies |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Debt amount | $ 40,000,000 |  |
Term of debt | 4 years |  |
Number of extension options | extension_option | 2 |  |
Period of extension options | 6 months |  |
Floor Rate | Construction loan | Mack Real Estate Credit Strategies |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Basis spread on variable rate | 0.25% |  |
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% |  |
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 |  | 6.40% |
Property Carrying Value |  | $ 0 |
Total debt before unamortized debt issue costs |  | $ 90,000,000 | 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 |  | $ 0 |
Total debt before unamortized debt issue costs |  | $ 0 | 16,200,000
Hyatt Place Pittsburgh, PA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.65% |
Property Carrying Value |  | $ 31,113,000 |
Total debt before unamortized debt issue costs |  | $ 19,694,000 | 19,975,000
Residence Inn by Marriott Bellevue, WA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.97% |
Property Carrying Value |  | $ 58,567,000 |
Total debt before unamortized debt issue costs |  | $ 40,634,000 | 41,133,000
Residence Inn by Marriott Garden Grove, CA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.79% |
Property Carrying Value |  | $ 37,063,000 |
Total debt before unamortized debt issue costs |  | $ 29,843,000 | 30,184,000
Residence Inn by Marriott Silicon Valley I, CA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.64% |
Property Carrying Value |  | $ 66,000,000 |
Total debt before unamortized debt issue costs |  | $ 60,710,000 | 61,280,000
Residence Inn by Marriott Silicon Valley II, CA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.64% |
Property Carrying Value |  | $ 73,743,000 |
Total debt before unamortized debt issue costs |  | $ 66,237,000 | 66,860,000
Residence Inn by Marriott San Mateo, CA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.64% |
Property Carrying Value |  | $ 55,606,000 |
Total debt before unamortized debt issue costs |  | $ 45,532,000 | 45,960,000
Residence Inn by Marriott Mountain View, CA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.64% |
Property Carrying Value |  | $ 40,765,000 |
Total debt before unamortized debt issue costs |  | $ 35,508,000 | 35,842,000
SpringHill Suites by Marriott Savannah, GA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.62% |
Property Carrying Value |  | $ 30,985,000 |
Total debt before unamortized debt issue costs |  | $ 28,100,000 | 28,365,000
Hilton Garden Inn Marina del Rey, CA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.68% |
Property Carrying Value |  | $ 36,773,000 |
Total debt before unamortized debt issue costs |  | $ 19,281,000 | 19,535,000
Homewood Suites by Hilton Billerica, MA |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.32% |
Property Carrying Value |  | $ 11,055,000 |
Total debt before unamortized debt issue costs |  | $ 14,643,000 | 14,804,000
Hampton Inn & Suites Houston Medical Center, TX |  |  |
Participating Mortgage Loans [Line Items] |  |  |
Interest Rate |  | 4.25% |
Property Carrying Value |  | $ 14,211,000 |
Total debt before unamortized debt issue costs |  | $ 16,523,000 | $ 16,706,000

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