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Subsequent Events | 3 Months Ended
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Mar. 31, 2018
Subsequent Events [Abstract] |
Subsequent Events | 14. Subsequent Events On April 5, 2018, the Company drew down an additional $3.3 million of loan proceeds available on the Crowne Plaza Tampa Westshore mortgage loan. On April 11, 2018, we paid a quarterly dividend (distribution) of $0.115 per common share (and unit) to those stockholders (and unitholders of the Operating Partnership) of record on March 15, 2018. On April 16, 2018, we paid a quarterly distribution of $0.50 per share (and unit) of Series B Preferred Stock (and Series B Preferred Units) to holders of the Series B Preferred Stock (and Series B Preferred Units) of record as of March 29, 2018. On April 16, 2018, we paid a quarterly distribution of $0.4921875 per share (and unit) of Series C Preferred Stock (and Series C Preferred Units) to holders of the Series C Preferred Stock (and Series C Preferred Units) of record as of March 29, 2018. On April 30, 2018, we authorized payment of a quarterly dividend (distribution) of $0.12 per common share (and unit) to the stockholders (and unitholders of the Operating Partnership) of record as of June 15, 2018. The dividend (distribution) is to be paid on July 11, 2018. On April 30, 2018, we authorized payment of a quarterly distribution of $0.50 per share (and unit) of Series B Preferred Stock (and Series B Preferred Units) to holders of the Series B Preferred Stock (and Series B Preferred Units) of record as of June 29, 2018. The dividend is to be paid on July 16, 2018. On April 30, 2018, we authorized payment of a quarterly distribution of $0.4921875 per share (and unit) of Series C Preferred Stock (and Series C Preferred Units) to holders of the Series C Preferred Stock (and Series C Preferred Units) of record as of June 29, 2018. The dividend is to be paid on July 16, 2018. On May 10, 2018, we entered into a purchase and sale agreement for the purchase of the parking lot adjacent to the DoubleTree by Hilton Raleigh Brownstone University for an aggregate purchase price of $3.5 million. The closing of the transaction is subject to various customary closing conditions, including the accuracy of representations and warranties through closing.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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