Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule Of Mortgages Payable

Mortgages payable at June 30, 2019 and December 31, 2018 consisted of the following:

	June 30, 2019			December 31, 2018
Mortgage Indebtedness	$	334,262		$	334,897
Net Unamortized Premium	1,060			1,304
Net Unamortized Deferred Financing Costs	(2,189		)	(2,056		)
Mortgages Payable	$	333,133		$	334,145

Summary Of Borrowing Base Assets

As of June 30, 2019, the following hotel properties were borrowing base assets: 

- Courtyard, Brookline, MA	- Mystic Marriott Hotel & Spa, Groton, CT
- Holiday Inn Express, Cambridge, MA	- Hampton Inn, Washington, DC
- Envoy Hotel, Boston, MA	- Ritz Carlton, Washington, DC
- The Boxer, Boston, MA	- Hilton Garden Inn, M Street, Washington, DC
- Hampton Inn, Seaport, NY	- Residence Inn, Coconut Grove, FL
- The Duane Street Hotel, NY	- The Winter Haven, Miami, FL
- NU Hotel, Brooklyn, NY	- The Blue Moon, Miami, FL
- Holiday Inn Express, 29th Street, NY	- The Cadillac Hotel and Beach Club, Miami, FL
- The Gate JFK Airport, New York, NY	- The Parrot Key Hotel & Resort, Key West, FL
- Hilton Garden Inn, JFK Airport, New York, NY	- TownePlace Suites, Sunnyvale, CA
- Hyatt House White Plains, NY	- The Ambrose Hotel, Santa Monica, CA
- Sheraton, Wilmington South, DE	- Courtyard, San Diego, CA
- Hampton Inn, Philadelphia, PA	- The Pan Pacific Hotel, Seattle, WA
- The Rittenhouse, Philadelphia, PA	- The Westin, Philadelphia, PA

Summary Of The Balances Outstanding And Interest Rate Spread

The following table summarizes the balances outstanding and interest rate spread for each borrowing:

		Outstanding Balance
Borrowing	Spread	June 30, 2019			December 31, 2018
Line of Credit	1.50% to 2.25%	$	37,000		$	10,000
Unsecured Term Loan:
First Term Loan	1.45% to 2.20%	$	207,000		$	207,000
Second Term Loan	1.50% to 2.25%	300,000			300,000
Third Term Loan	1.45% to 2.20%	193,900			193,900
Deferred Loan Costs		(2,341		)	(2,698		)
Total Unsecured Term Loan		$	698,559		$	698,202