XML 60 R49.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Indebtedness (Details) |  |  |  | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | ---
May 23, 2018 USD ($) loan | Aug. 18, 2017 USD ($) | Mar. 31, 2017 | Sep. 30, 2018 USD ($) hotel extension | Apr. 04, 2018 room | Dec. 31, 2017 USD ($) | Sep. 30, 2017 USD ($) extension
Debt Instrument [Line Items] |  |  |  |  |  |  |
Indebtedness, gross |  |  |  | $ 993,334,000 |  | $ 826,236,000 |
Deferred loan costs, net |  |  |  | (7,618,000) |  | (5,277,000) |
Indebtedness, net |  |  |  | $ 985,716,000 |  | $ 820,959,000 |
LIBOR rate |  |  |  | 2.261% |  | 1.564% |
Number of rooms | hotel |  |  |  | 3,549 |  |  |
Mortgages |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Number of loans | loan | 2 |  |  |  |  |  |
Repayment of debt | $ 357,600,000 |  |  |  |  |  |
Line of Credit | Letter of Credit |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Borrowing capacity |  |  |  | $ 15,000,000.0 |  |  |
Line of Credit | Senior Revolving Credit Facility [Member] |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Indebtedness, gross |  |  |  | 0 |  | $ 0 |
Borrowing capacity |  |  |  | 100,000,000.0 |  |  |
Further possible expansion |  |  |  | $ 250,000,000.0 |  |  |
Extension fee |  |  |  | 0.25% |  |  |
Number of extension options | extension |  |  |  | 2 |  |  |
Term of extension options |  |  |  | 1 year |  |  |
Line of Credit | Senior Revolving Credit Facility [Member] | LIBOR | Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.25% |  |  |
Line of Credit | Senior Revolving Credit Facility [Member] | LIBOR | Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 3.50% |  |  |
Line of Credit | Senior Revolving Credit Facility [Member] | Base Rate | Minimum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 1.25% |  |  |
Line of Credit | Senior Revolving Credit Facility [Member] | Base Rate | Maximum |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.50% |  |  |
Mortgages | LIBOR |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 1.00% |  |  |
Mortgages | Base Rate |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 0.50% |  |  |
Mortgages | TIF Loan |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Interest rate |  |  |  | 12.85% |  |  |
Indebtedness, gross |  |  |  | $ 0 |  | 8,098,000 |
Mortgages | Mortgage Loan 1 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 4.95% |  |  |
Indebtedness, gross |  |  |  | $ 42,000,000 |  | 42,000,000 |
Number of extension options | extension |  |  |  | 3 |  |  |
Term of extension options |  |  |  | 1 year |  |  |
Mortgages | Mortgage Loan 2 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.58% |  |  |
Indebtedness, gross |  |  |  | $ 0 |  | 277,628,000 |
Mortgages | Mortgage Loan 3 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.55% |  |  |
Indebtedness, gross |  |  |  | $ 0 |  | 80,000,000 |
Mortgages | Mortgage Loan 4 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.25% |  |  |
Indebtedness, gross |  |  |  | $ 70,000,000 |  | 70,000,000 |
Number of extension options | extension |  |  |  | 3 |  |  |
Term of extension options |  |  |  | 1 year |  |  |
Mortgages | Mortgage Loan 5 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.75% |  |  |
Indebtedness, gross |  |  |  | $ 67,500,000 |  | 67,500,000 | $ 67,500,000
Number of extension options | extension |  |  |  | 3 |  |  |
Term of extension options |  |  |  | 1 year |  |  |
Mortgages | Mortgage Loan 5 | Park Hyatt Beaver Creek |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  | 2.75% |  |  |  |
Number of extension options | extension |  |  |  |  |  |  | 3
Term of extension options |  |  | 1 year |  |  |  |
Mortgages | Mortgage Loan 6 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.65% |  |  |
Indebtedness, gross |  |  |  | $ 187,834,000 |  | 190,010,000 |
Number of extension options | extension |  |  |  | 2 |  |  |
Term of extension options |  |  |  | 1 year |  |  |
Mortgages | Mortgage Loan 7 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.16% |  |  |
Indebtedness, gross |  |  |  | $ 435,000,000 |  | 0 |
Number of extension options | extension |  |  |  | 5 |  |  |
Term of extension options |  |  |  | 1 year |  |  |
Term of debt |  |  |  | 2 years |  |  |
Number of hotels used as collateral | hotel |  |  |  | 4 |  |  |
Mortgages | Mortgage Loan 7 | LIBOR |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.55% |  |  |
Mortgages | Mortgage Loan 8 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.55% |  |  |
Indebtedness, gross |  | $ 40,000,000 |  | $ 51,000,000 |  | 51,000,000 |
Mortgages | Mortgage Loan 8 | LIBOR |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  | 2.55% |  |  |  |  |
Mortgages | Mortgage Loan 9 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.55% |  |  |
Indebtedness, gross |  |  |  | $ 40,000,000 |  | 40,000,000 |
Mortgages | Mortgage Loan 10 |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.65% |  |  |
Indebtedness, gross |  |  |  | $ 100,000,000 |  | $ 0 |
Number of rooms | room |  |  |  |  | 266 |  |
Annual amortization |  |  |  | 1.00% |  |  |
Mortgages | Mortgage Loan 10 | LIBOR |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |
Basis spread on variable rate |  |  |  | 2.65% |  |  |

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