XML 54 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Indebtedness (Details)
$ in Thousands
6 Months Ended
Jul. 01, 2016
USD ($)
Jun. 30, 2016
USD ($)
hotel
extension
Dec. 31, 2015
USD ($)
Debt Instrument [Line Items]      
Indebtedness, gross   $ 835,980 $ 840,232
Total indebtedness   832,548 835,592
Deferred loan costs, net   (3,432) (4,640)
Indebtedness, net   776,025 835,592
Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Courtyard Seattle Downtown [Member]      
Debt Instrument [Line Items]      
Deferred loan costs, net   $ (33)  
Mortgages      
Debt Instrument [Line Items]      
Indebtedness, gross     $ 152,000
LIBOR rate   0.465% 0.43%
Mortgages | Base Rate [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   0.50%  
Mortgages | Mortgage Loan 1      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   1  
Indebtedness, gross   $ 80,000 $ 80,000
Number of extension options | extension   3  
Term of extension options   1 year  
Mortgages | Mortgage Loan 1 | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.30%  
Mortgages | Mortgage loan 2 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   1  
Indebtedness, gross   $ 70,000 70,000
Mortgages | Mortgage loan 2 [Member] | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.25%  
Mortgages | Mortgage loan 3 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   1  
Interest rate   5.91%  
Indebtedness, gross   $ 33,134 33,381
Mortgages | Mortgage loan 4 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   2  
Interest rate   5.95%  
Indebtedness, gross   $ 121,475 122,374
Mortgages | Mortgage loan 4 [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Courtyard Seattle Downtown [Member]      
Debt Instrument [Line Items]      
Indebtedness, gross   $ 56,556  
Mortgages | Mortgage loan 4 [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Courtyard Seattle Downtown [Member] | Subsequent Event [Member]      
Debt Instrument [Line Items]      
Repayment of mortgage loan $ 65,000    
Mortgages | Mortgage Loan 5 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   3  
Interest rate   5.95%  
Indebtedness, gross   $ 247,191 249,020
Mortgages | Mortgage Loan 5 [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member] | Courtyard Seattle Downtown [Member]      
Debt Instrument [Line Items]      
Interest rate   5.95%  
Mortgages | Mortgage Loan 6 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   1  
Indebtedness, gross   $ 40,000 40,000
Number of extension options | extension   3  
Term of extension options   1 year  
Mortgages | Mortgage Loan 6 [Member] | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   4.95%  
Mortgages | Mortgage Loan 7 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   1  
Indebtedness, gross   $ 42,000 42,000
Mortgages | Mortgage Loan 7 [Member] | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   4.95%  
Mortgages | TIF Loan [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   1  
Interest rate   12.85%  
Indebtedness, gross   $ 8,098 8,098
Mortgages | Mortgage Loan 8 [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   2  
Indebtedness, gross   $ 194,082 195,359
Number of extension options | extension   2  
Term of extension options   1 year  
Mortgages | Mortgage Loan 8 [Member] | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.65%  
Line of Credit [Member] | Senior Credit Facility [Member]      
Debt Instrument [Line Items]      
Collateral (in hotels) | hotel   0  
Indebtedness, gross   $ 0 $ 0
Borrowing capacity   150,000  
Further possible expansion   $ 300,000  
Number of extension options | extension   2  
Term of extension options   1 year  
Extension fee   0.25%  
Line of Credit [Member] | Senior Credit Facility [Member] | Minimum | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.25%  
Line of Credit [Member] | Senior Credit Facility [Member] | Minimum | Base Rate [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.25%  
Line of Credit [Member] | Senior Credit Facility [Member] | Maximum | LIBOR [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   3.75%  
Line of Credit [Member] | Senior Credit Facility [Member] | Maximum | Base Rate [Member]      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.75%  
Line of Credit [Member] | Letter of Credit [Member]      
Debt Instrument [Line Items]      
Borrowing capacity   $ 15,000