Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Dec. 31, 2014 |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Total | | $ 463,746 | | $ 517,970 |
Total [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Principal Assumed or Originated | | 573,996 | | |
Outstanding Balance | | 461,730 | | 513,276 |
Unamortized fair value adjustment of assumed debt | | 2,016 | | 4,694 |
Total | | $ 463,746 | | 517,970 |
Residence Inn Overland Park, KS [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 5.74% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Principal Assumed or Originated | | $ 6,018 | | |
Outstanding Balance | | $ 0 | [2] | 5,833 |
Hampton Inn Concord, NC [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 6.10% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Principal Assumed or Originated | | $ 4,718 | | |
Outstanding Balance | | $ 0 | [3] | 4,644 |
Residence Inn Westford, MA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1],[4] | 5.30% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Principal Assumed or Originated | | $ 6,530 | | |
Outstanding Balance | | $ 0 | [5] | 6,397 |
Hilton Dallas, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton | | |
Interest Rate | [1] | 6.63% | | |
Loan Assumption or Origination Date | | May 17, 2011 | | |
Principal Assumed or Originated | | $ 20,988 | | |
Outstanding Balance | | $ 0 | [6] | 18,913 |
Hampton Inn Tupelo, MS [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 5.90% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Principal Assumed or Originated | | $ 3,124 | | |
Outstanding Balance | | $ 0 | [7] | 2,977 |
Hampton Inn Rogers, AR [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 5.20% | | |
Loan Assumption or Origination Date | | Aug. 31, 2010 | | |
Principal Assumed or Originated | | $ 8,337 | | |
Outstanding Balance | | $ 0 | [8] | 7,593 |
Hampton Inn St. Louis, MO [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 5.30% | | |
Loan Assumption or Origination Date | | Aug. 31, 2010 | | |
Principal Assumed or Originated | | $ 13,915 | | |
Outstanding Balance | | $ 0 | [8] | 12,692 |
Hampton Inn Kansas City, MO [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 5.45% | | |
Loan Assumption or Origination Date | | Aug. 31, 2010 | | |
Principal Assumed or Originated | | $ 6,517 | | |
Outstanding Balance | | $ 0 | [9] | 5,961 |
Residence Inn Kansas City, MO [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 5.74% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Principal Assumed or Originated | | $ 10,602 | | |
Outstanding Balance | | $ 0 | [10] | 10,420 |
Residence Inn Fayetteville, NC [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 5.14% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Principal Assumed or Originated | | $ 6,545 | | |
Outstanding Balance | | $ 0 | [11] | 6,410 |
Hilton Garden Inn Allen, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton Garden Inn | | |
Interest Rate | [1] | 5.37% | | |
Loan Assumption or Origination Date | | Oct. 31, 2008 | | |
Principal Assumed or Originated | | $ 10,787 | | |
Outstanding Balance | | $ 9,380 | [12] | 9,559 |
Homewood Suites Austin, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 5.99% | | |
Loan Assumption or Origination Date | | Apr. 14, 2009 | | |
Maturity Date | | Mar. 1, 2016 | | |
Principal Assumed or Originated | | $ 7,556 | | |
Outstanding Balance | | $ 6,314 | | 6,486 |
Hampton Inn Austin, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 5.95% | | |
Loan Assumption or Origination Date | | Apr. 14, 2009 | | |
Maturity Date | | Mar. 1, 2016 | | |
Principal Assumed or Originated | | $ 7,553 | | |
Outstanding Balance | | $ 6,306 | | 6,478 |
Residence Inn Houston, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 5.71% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Mar. 1, 2016 | | |
Principal Assumed or Originated | | $ 9,930 | | |
Outstanding Balance | | $ 9,573 | | 9,745 |
Hilton Garden Inn Hilton Head, SC [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton Garden Inn | | |
Interest Rate | [1] | 6.29% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Apr. 11, 2016 | | |
Principal Assumed or Originated | | $ 5,557 | | |
Outstanding Balance | | $ 5,273 | | 5,410 |
Hampton Inn Round Rock, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn | | |
Interest Rate | [1] | 5.95% | | |
Loan Assumption or Origination Date | | Mar. 6, 2009 | | |
Maturity Date | | May 1, 2016 | | |
Principal Assumed or Originated | | $ 4,175 | | |
Outstanding Balance | | $ 3,489 | | 3,583 |
Residence Inn Highlands Ranch, CO [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 5.94% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Jun. 1, 2016 | | |
Principal Assumed or Originated | | $ 10,494 | | |
Outstanding Balance | | $ 10,172 | | 10,327 |
Hampton Inn & Suites Texarkana, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hampton Inn & Suites | | |
Interest Rate | [1] | 6.90% | | |
Loan Assumption or Origination Date | | Jan. 31, 2011 | | |
Maturity Date | | Jul. 8, 2016 | | |
Principal Assumed or Originated | | $ 4,954 | | |
Outstanding Balance | | $ 4,601 | | 4,665 |
Courtyard Bristol, VA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 6.59% | | |
Loan Assumption or Origination Date | | Nov. 7, 2008 | | |
Maturity Date | | Aug. 1, 2016 | | |
Principal Assumed or Originated | | $ 9,767 | | |
Outstanding Balance | | $ 8,792 | | 8,922 |
Courtyard Virginia Beach, VA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 6.02% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Nov. 11, 2016 | | |
Principal Assumed or Originated | | $ 13,931 | | |
Outstanding Balance | | $ 13,475 | | 13,695 |
Courtyard Virginia Beach, VA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 6.02% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Nov. 11, 2016 | | |
Principal Assumed or Originated | | $ 16,813 | | |
Outstanding Balance | | $ 16,263 | | 16,529 |
Courtyard Charlottesville, VA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 6.02% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Nov. 11, 2016 | | |
Principal Assumed or Originated | | $ 14,892 | | |
Outstanding Balance | | $ 14,405 | | 14,640 |
Courtyard Carolina Beach, NC [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 6.02% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Nov. 11, 2016 | | |
Principal Assumed or Originated | | $ 12,009 | | |
Outstanding Balance | | $ 11,617 | | 11,806 |
Courtyard Winston-Salem, NC [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 5.94% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Dec. 8, 2016 | | |
Principal Assumed or Originated | | $ 7,458 | | |
Outstanding Balance | | $ 7,254 | | 7,352 |
Hilton Garden Inn Lewisville, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | [13] | Hilton Garden Inn | | |
Interest Rate | [1] | 0.00% | | |
Loan Assumption or Origination Date | | Oct. 16, 2008 | | |
Maturity Date | | Dec. 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 | [1],[4] | 4.24% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Jan. 13, 2017 | | |
Principal Assumed or Originated | | $ 15,662 | | |
Outstanding Balance | | $ 15,168 | | 15,402 |
Residence Inn Burbank, CA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1],[4] | 4.24% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Jan. 13, 2017 | | |
Principal Assumed or Originated | | $ 23,493 | | |
Outstanding Balance | | $ 22,752 | | 23,103 |
Hilton Garden Inn Savannah, GA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton Garden Inn | | |
Interest Rate | [1] | 5.87% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Feb. 1, 2017 | | |
Principal Assumed or Originated | | $ 4,977 | | |
Outstanding Balance | | $ 4,730 | | 4,849 |
Residence Inn Greenville, SC [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 6.03% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Feb. 8, 2017 | | |
Principal Assumed or Originated | | $ 6,012 | | |
Outstanding Balance | | $ 5,839 | | 5,922 |
Homewood Suites Birmingham, AL [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 6.03% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Feb. 8, 2017 | | |
Principal Assumed or Originated | | $ 10,908 | | |
Outstanding Balance | | $ 10,594 | | 10,745 |
Homewood Suites Jacksonville, FL [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 6.03% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Feb. 8, 2017 | | |
Principal Assumed or Originated | | $ 15,856 | | |
Outstanding Balance | | $ 15,399 | | 15,619 |
Homewood Suites Irving, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 5.83% | | |
Loan Assumption or Origination Date | | Dec. 29, 2010 | | |
Maturity Date | | Apr. 11, 2017 | | |
Principal Assumed or Originated | | $ 6,052 | | |
Outstanding Balance | | $ 5,305 | | 5,437 |
Hilton Garden Inn Duncanville, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton Garden Inn | | |
Interest Rate | [1] | 5.88% | | |
Loan Assumption or Origination Date | | Oct. 21, 2008 | | |
Maturity Date | | May 11, 2017 | | |
Principal Assumed or Originated | | $ 13,966 | | |
Outstanding Balance | | $ 12,468 | | 12,661 |
Hilton Garden Inn Grapevine, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton Garden Inn | | |
Interest Rate | [1] | 4.89% | | |
Loan Assumption or Origination Date | | Aug. 29, 2012 | | |
Maturity Date | | Sep. 1, 2022 | | |
Principal Assumed or Originated | | $ 11,810 | | |
Outstanding Balance | | $ 11,055 | | 11,254 |
Courtyard Collegeville/Philadelphia, PA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 4.89% | | |
Loan Assumption or Origination Date | | Aug. 30, 2012 | | |
Maturity Date | | Sep. 1, 2022 | | |
Principal Assumed or Originated | | $ 12,650 | | |
Outstanding Balance | | $ 11,841 | | 12,055 |
Courtyard Hattiesburg, MS [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 5.00% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Sep. 1, 2022 | | |
Principal Assumed or Originated | | $ 5,732 | | |
Outstanding Balance | | $ 5,529 | | 5,627 |
Courtyard Rancho Bernardo, CA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 5.00% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Sep. 1, 2022 | | |
Principal Assumed or Originated | | $ 15,060 | | |
Outstanding Balance | | $ 14,525 | | 14,782 |
Courtyard Kirkland, WA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 5.00% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Sep. 1, 2022 | | |
Principal Assumed or Originated | | $ 12,145 | | |
Outstanding Balance | | $ 11,714 | | 11,921 |
Residence Inn Seattle, WA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 4.96% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Sep. 1, 2022 | | |
Principal Assumed or Originated | | $ 28,269 | | |
Outstanding Balance | | $ 27,258 | | 27,744 |
Embassy Suites Anchorage, AK [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Embassy Suites | | |
Interest Rate | [1] | 4.97% | | |
Loan Assumption or Origination Date | | Sep. 13, 2012 | | |
Maturity Date | | Oct. 1, 2022 | | |
Principal Assumed or Originated | | $ 23,230 | | |
Outstanding Balance | | $ 21,807 | | 22,193 |
Courtyard Somerset, NJ [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 4.73% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Oct. 6, 2022 | | |
Principal Assumed or Originated | | $ 8,750 | | |
Outstanding Balance | | $ 8,429 | | 8,584 |
Homewood Suites Tukwila, WA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 4.73% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Oct. 6, 2022 | | |
Principal Assumed or Originated | | $ 9,431 | | |
Outstanding Balance | | $ 9,085 | | 9,251 |
Courtyard Prattville, AL [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 4.12% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Feb. 6, 2023 | | |
Principal Assumed or Originated | | $ 6,596 | | |
Outstanding Balance | | $ 6,338 | | 6,462 |
Homewood Suites Huntsville, AL [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 4.12% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Feb. 6, 2023 | | |
Principal Assumed or Originated | | $ 8,306 | | |
Outstanding Balance | | $ 7,981 | | 8,137 |
Residence Inn San Diego, CA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 3.97% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Mar. 6, 2023 | | |
Principal Assumed or Originated | | $ 18,600 | | |
Outstanding Balance | | $ 17,862 | | 18,216 |
Homewood Suites Miami, FL [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 4.02% | | |
Loan Assumption or Origination Date | | Mar. 1, 2014 | | |
Maturity Date | | Apr. 1, 2023 | | |
Principal Assumed or Originated | | $ 16,677 | | |
Outstanding Balance | | $ 16,023 | | 16,337 |
Homewood Suites New Orleans, LA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Homewood Suites | | |
Interest Rate | [1] | 4.36% | | |
Loan Assumption or Origination Date | | Jul. 17, 2014 | | |
Maturity Date | | Aug. 11, 2024 | | |
Principal Assumed or Originated | | $ 27,000 | | |
Outstanding Balance | | $ 26,358 | | 26,806 |
Residence Inn Westford, MA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Residence Inn | | |
Interest Rate | [1] | 4.28% | | |
Loan Assumption or Origination Date | | Mar. 18, 2015 | | |
Maturity Date | [5] | Apr. 11, 2025 | | |
Principal Assumed or Originated | | $ 10,000 | | |
Outstanding Balance | | $ 9,910 | | 0 |
Hilton Dallas, TX [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Hilton | | |
Interest Rate | [1] | 3.95% | | |
Loan Assumption or Origination Date | | May 22, 2015 | | |
Maturity Date | [6] | Jun. 1, 2025 | | |
Principal Assumed or Originated | | $ 28,000 | | |
Outstanding Balance | | $ 27,877 | | 0 |
Courtyard Malvern/Philadelphia, PA [Member] | | | | |
Credit Facility and Mortgage Debt (Details) - Mortgage Note Debt [Line Items] | | | | |
Brand | | Courtyard | | |
Interest Rate | [1] | 6.50% | | |
Loan Assumption or Origination Date | | Nov. 30, 2010 | | |
Maturity Date | [14] | Oct. 1, 2032 | | |
Principal Assumed or Originated | | $ 7,894 | | |
Outstanding Balance | | $ 6,969 | | $ 7,132 |
| |
[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] | Loan was repaid in full on January 2, 2015. | |
[3] | Property securing loan was sold on February 26, 2015 and was classified as held for sale as of December 31, 2014. Debt was extinguished prior to the sale on February 13, 2015. | |
[4] | The annual fixed interest rate gives effect to an interest rate swap agreement assumed by the Company with the mortgage debt. | |
[5] | Loan was refinanced on March 18, 2015, and the existing related swap was terminated. | |
[6] | On April 6, 2015, the Company repaid in full the existing mortgage loan, and on May 22, 2015 the Company originated new debt secured by this hotel. | |
[7] | Property securing loan was sold on June 1, 2015. Debt was extinguished prior to the sale on May 22, 2015. | |
[8] | Loans were repaid in full on June 1, 2015. | |
[9] | Loan was repaid in full on July 1, 2015. | |
[10] | Loan was repaid in full on August 3, 2015. | |
[11] | Loan was repaid in full on September 1, 2015. | |
[12] | Loan was repaid in full on October 12, 2015. | |
[13] | Unsecured loan. | |
[14] | 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. | |