Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2014 | Dec. 31, 2013 |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Outstanding balance | $695,266 | | ' |
Marriott Richmond, VA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Marriott | | ' |
Interest Rate | 6.95% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '9/1/2014 | | ' |
Principal Assumed or Originated | 21,524 | | ' |
Outstanding balance | 21,460 | | 0 |
Homewood Suites New Orleans, LA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 5.85% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '10/1/2014 | | ' |
Principal Assumed or Originated | 14,331 | | ' |
Outstanding balance | 14,285 | | 0 |
Residence Inn Overland Park, KS [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 5.74% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '4/1/2015 | | ' |
Principal Assumed or Originated | 6,018 | | ' |
Outstanding balance | 5,998 | | 0 |
Hilton Dallas, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton | | ' |
Interest Rate | 6.63% | [1] | ' |
Acquisition or Loan Origination Date | '5/17/2011 | | ' |
Maturity Date | '6/6/2015 | | ' |
Principal Assumed or Originated | 20,988 | | ' |
Outstanding balance | 19,387 | | 19,545 |
Hampton Inn Rogers, AR [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 5.20% | [1] | ' |
Acquisition or Loan Origination Date | '8/31/2010 | | ' |
Maturity Date | '9/1/2015 | | ' |
Principal Assumed or Originated | 8,337 | | ' |
Outstanding balance | 7,733 | | 7,781 |
Hampton Inn St. Louis, MO [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 5.30% | [1] | ' |
Acquisition or Loan Origination Date | '8/31/2010 | | ' |
Maturity Date | '9/1/2015 | | ' |
Principal Assumed or Originated | 13,915 | | ' |
Outstanding balance | 12,923 | | 13,001 |
Hampton Inn Kansas City, MO [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 5.45% | [1] | ' |
Acquisition or Loan Origination Date | '8/31/2010 | | ' |
Maturity Date | '10/1/2015 | | ' |
Principal Assumed or Originated | 6,517 | | ' |
Outstanding balance | 6,066 | | 6,102 |
Residence Inn Westford, MA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 5.30% | [1],[2] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '10/1/2015 | | ' |
Principal Assumed or Originated | 6,530 | | ' |
Outstanding balance | 6,515 | | 0 |
Hilton Garden Inn Allen, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton Garden Inn | | ' |
Interest Rate | 5.37% | [1] | ' |
Acquisition or Loan Origination Date | '10/31/2008 | | ' |
Maturity Date | '10/11/2015 | | ' |
Principal Assumed or Originated | 10,787 | | ' |
Outstanding balance | 9,730 | | 9,787 |
Residence Inn Kansas City, MO [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 5.74% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '11/1/2015 | | ' |
Principal Assumed or Originated | 10,602 | | ' |
Outstanding balance | 10,581 | | 0 |
Residence Inn Fayetteville, NC [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 5.14% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '12/1/2015 | | ' |
Principal Assumed or Originated | 6,545 | | ' |
Outstanding balance | 6,530 | | 0 |
Homewood Suites Austin, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 5.99% | [1] | ' |
Acquisition or Loan Origination Date | '4/14/2009 | | ' |
Maturity Date | '3/1/2016 | | ' |
Principal Assumed or Originated | 7,556 | | ' |
Outstanding balance | 6,648 | | 6,702 |
Hampton Inn Austin, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 5.95% | [1] | ' |
Acquisition or Loan Origination Date | '4/14/2009 | | ' |
Maturity Date | '3/1/2016 | | ' |
Principal Assumed or Originated | 7,553 | | ' |
Outstanding balance | 6,641 | | 6,696 |
Hampton Inn Tupelo, MS [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 5.90% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '3/1/2016 | | ' |
Principal Assumed or Originated | 3,124 | | ' |
Outstanding balance | 3,108 | | 0 |
Residence Inn Houston, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 5.71% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '3/1/2016 | | ' |
Principal Assumed or Originated | 9,930 | | ' |
Outstanding balance | 9,908 | | 0 |
Hilton Garden Inn Hilton Head, SC [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton Garden Inn | | ' |
Interest Rate | 6.29% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '4/11/2016 | | ' |
Principal Assumed or Originated | 5,557 | | ' |
Outstanding balance | 5,540 | | 0 |
Hampton Inn Round Rock, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 5.95% | [1] | ' |
Acquisition or Loan Origination Date | '3/6/2009 | | ' |
Maturity Date | '5/1/2016 | | ' |
Principal Assumed or Originated | 4,175 | | ' |
Outstanding balance | 3,672 | | 3,701 |
Residence Inn Highlands Ranch, CO [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 5.94% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '6/1/2016 | | ' |
Principal Assumed or Originated | 10,494 | | ' |
Outstanding balance | 10,474 | | 0 |
Hampton Inn & Suites Texarkana, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn & Suites | | ' |
Interest Rate | 6.90% | [1] | ' |
Acquisition or Loan Origination Date | '1/31/2011 | | ' |
Maturity Date | '7/8/2016 | | ' |
Principal Assumed or Originated | 4,954 | | ' |
Outstanding balance | 4,726 | | 4,747 |
Courtyard Bristol, VA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.59% | [1] | ' |
Acquisition or Loan Origination Date | '11/7/2008 | | ' |
Maturity Date | '8/1/2016 | | ' |
Principal Assumed or Originated | 9,767 | | ' |
Outstanding balance | 9,044 | | 9,086 |
Courtyard Virginia Beach, VA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.02% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '11/11/2016 | | ' |
Principal Assumed or Originated | 13,931 | | ' |
Outstanding balance | 13,902 | | 0 |
Courtyard Virginia Beach, VA #2 [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.02% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '11/11/2016 | | ' |
Principal Assumed or Originated | 16,813 | | ' |
Outstanding balance | 16,779 | | 0 |
Courtyard Charlottesville, VA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.02% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '11/11/2016 | | ' |
Principal Assumed or Originated | 14,892 | | ' |
Outstanding balance | 14,861 | | 0 |
Courtyard Carolina Beach, NC [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.02% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '11/11/2016 | | ' |
Principal Assumed or Originated | 12,009 | | ' |
Outstanding balance | 11,985 | | 0 |
Courtyard Winston-Salem, NC [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 5.94% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '12/8/2016 | | ' |
Principal Assumed or Originated | 7,458 | | ' |
Outstanding balance | 7,445 | | 0 |
Hilton Garden Inn Lewisville, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton Garden Inn | [3] | ' |
Interest Rate | 0.00% | [1] | ' |
Acquisition or Loan Origination Date | '10/16/2008 | | ' |
Maturity Date | '12/31/2016 | | ' |
Principal Assumed or Originated | 3,750 | | ' |
Outstanding balance | 2,000 | | 2,000 |
Residence Inn Oceanside, CA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 4.24% | [1],[2] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '1/13/2017 | | ' |
Principal Assumed or Originated | 15,662 | | ' |
Outstanding balance | 15,636 | | 0 |
Residence Inn Burbank, CA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 4.24% | [1],[2] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '1/13/2017 | | ' |
Principal Assumed or Originated | 23,493 | | ' |
Outstanding balance | 23,454 | | 0 |
Hilton Garden Inn Savannah, GA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton Garden Inn | | ' |
Interest Rate | 5.87% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '2/1/2017 | | ' |
Principal Assumed or Originated | 4,977 | | ' |
Outstanding balance | 4,962 | | 0 |
Residence Inn Greenville, SC [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 6.03% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '2/8/2017 | | ' |
Principal Assumed or Originated | 6,012 | | ' |
Outstanding balance | 6,001 | | 0 |
Homewood Suites Birmingham, AL [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 6.03% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '2/8/2017 | | ' |
Principal Assumed or Originated | 10,908 | | ' |
Outstanding balance | 10,888 | | 0 |
Homewood Suites Jacksonville, FL [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 6.03% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '2/8/2017 | | ' |
Principal Assumed or Originated | 15,856 | | ' |
Outstanding balance | 15,827 | | 0 |
Hampton Inn Concord, NC [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hampton Inn | | ' |
Interest Rate | 6.10% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '3/1/2017 | | ' |
Principal Assumed or Originated | 4,718 | | ' |
Outstanding balance | 4,709 | | 0 |
Homewood Suites Irving, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 5.83% | [1] | ' |
Acquisition or Loan Origination Date | '12/29/2010 | | ' |
Maturity Date | '4/11/2017 | | ' |
Principal Assumed or Originated | 6,052 | | ' |
Outstanding balance | 5,563 | | 5,605 |
Hilton Garden Inn Duncanville, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton Garden Inn | | ' |
Interest Rate | 5.88% | [1] | ' |
Acquisition or Loan Origination Date | '10/21/2008 | | ' |
Maturity Date | '5/11/2017 | | ' |
Principal Assumed or Originated | 13,966 | | ' |
Outstanding balance | 12,845 | | 12,907 |
TownePlace Suites Suffolk, VA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'TownePlace Suites | | ' |
Interest Rate | 6.03% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '7/1/2017 | | ' |
Principal Assumed or Originated | 6,138 | | ' |
Outstanding balance | 6,125 | | 0 |
Courtyard Suffolk, VA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.03% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '7/1/2017 | | ' |
Principal Assumed or Originated | 8,002 | | ' |
Outstanding balance | 7,985 | | 0 |
Hilton Garden Inn Grapevine, TX [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Hilton Garden Inn | | ' |
Interest Rate | 4.89% | [1] | ' |
Acquisition or Loan Origination Date | '8/29/2012 | | ' |
Maturity Date | '9/1/2022 | | ' |
Principal Assumed or Originated | 11,810 | | ' |
Outstanding balance | 11,444 | | 11,509 |
Courtyard Philadelphia (Collegeville), PA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 4.89% | [1] | ' |
Acquisition or Loan Origination Date | '8/30/2012 | | ' |
Maturity Date | '9/1/2022 | | ' |
Principal Assumed or Originated | 12,650 | | ' |
Outstanding balance | 12,258 | | 12,327 |
Courtyard Hattiesburg, MS [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 5.00% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '9/1/2022 | | ' |
Principal Assumed or Originated | 5,732 | | ' |
Outstanding balance | 5,720 | | 0 |
Courtyard Rancho Bernardo, CA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 5.00% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '9/1/2022 | | ' |
Principal Assumed or Originated | 15,060 | | ' |
Outstanding balance | 15,028 | | 0 |
Courtyard Kirkland, WA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 5.00% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '9/1/2022 | | ' |
Principal Assumed or Originated | 12,145 | | ' |
Outstanding balance | 12,119 | | 0 |
Residence Inn Seattle, WA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 4.96% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '9/1/2022 | | ' |
Principal Assumed or Originated | 28,269 | | ' |
Outstanding balance | 28,208 | | 0 |
Embassy Suites Anchorage, AK [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Embassy Suites | | ' |
Interest Rate | 4.97% | [1] | ' |
Acquisition or Loan Origination Date | '9/13/2012 | | ' |
Maturity Date | '10/1/2022 | | ' |
Principal Assumed or Originated | 23,230 | | ' |
Outstanding balance | 22,561 | | 22,686 |
Courtyard Somerset, NJ [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 4.73% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '10/6/2022 | | ' |
Principal Assumed or Originated | 8,750 | | ' |
Outstanding balance | 8,731 | | 0 |
Homewood Suites Tukwila, WA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 4.73% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '10/6/2022 | | ' |
Principal Assumed or Originated | 9,431 | | ' |
Outstanding balance | 9,410 | | 0 |
Courtyard Pratville, AL [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 4.12% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '2/6/2023 | | ' |
Principal Assumed or Originated | 6,596 | | ' |
Outstanding balance | 6,581 | | 0 |
Homewood Suites Huntsville, AL [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 4.12% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '2/6/2023 | | ' |
Principal Assumed or Originated | 8,306 | | ' |
Outstanding balance | 8,287 | | 0 |
Residence Inn San Diego, CA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Residence Inn | | ' |
Interest Rate | 3.97% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '3/6/2023 | | ' |
Principal Assumed or Originated | 18,600 | | ' |
Outstanding balance | 18,557 | | 0 |
Homewood Suites Miami, FL [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Homewood Suites | | ' |
Interest Rate | 4.02% | [1] | ' |
Acquisition or Loan Origination Date | '3/1/2014 | | ' |
Maturity Date | '4/1/2023 | | ' |
Principal Assumed or Originated | 16,677 | | ' |
Outstanding balance | 16,639 | | 0 |
Courtyard Philadelphia (Malvern), PA [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Brand | 'Courtyard | | ' |
Interest Rate | 6.50% | [1] | ' |
Acquisition or Loan Origination Date | '11/30/2010 | | ' |
Maturity Date | '10/1/2032 | [4] | ' |
Principal Assumed or Originated | 7,894 | | ' |
Outstanding balance | 7,287 | | 7,337 |
Total [Member] | ' | | ' |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | ' | | ' |
Principal Assumed or Originated | 558,991 | | ' |
Outstanding balance | $544,766 | | $161,519 |
|
[1] | Unless otherwise noted, these rates are the rates per the loan agreement. For loans assumed, the Company adjusted the interest rates to market rates and is amortizing the adjustments to interest expense over the life of the loan. |
[2] | The annual fixed interest rate gives effect to an interest rate swap agreement assumed by the Company with the mortgage debt. |
[3] | Unsecured loan. |
[4] | Outstanding principal balance is callable by lender or prepayable by the Company beginning on October 1, 2016, and every five years thereafter until maturity, subject to certain conditions. |