XML 16 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Interest Rate Derivative Agreements (Details) (USD $)
3 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended 6 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Oct. 31, 2011
Doubletree Guest Suites Times Square
Jan. 31, 2011
Doubletree Guest Suites Times Square
Jun. 30, 2012
Doubletree Guest Suites Times Square
Apr. 30, 2011
Entity that owns the Hilton San Diego Bayfront
Jun. 30, 2012
Entity that owns the Hilton San Diego Bayfront
Jun. 30, 2012
JW Marriott New Orleans
Feb. 28, 2011
JW Marriott New Orleans
Jun. 30, 2012
Interest Rate Cap Agreement
Agreement
Dec. 31, 2011
Interest Rate Cap Agreement
Oct. 31, 2011
Interest Rate Cap Agreement
Doubletree Guest Suites Times Square
Jan. 31, 2011
Interest Rate Cap Agreement
Doubletree Guest Suites Times Square
Apr. 30, 2011
Interest Rate Cap Agreement
Entity that owns the Hilton San Diego Bayfront
Jun. 30, 2012
Interest Rate Cap Agreement
Entity that owns the Hilton San Diego Bayfront
Jun. 30, 2012
Interest Rate Swap Agreement
Agreement
Dec. 31, 2011
Interest Rate Swap Agreement
Jun. 30, 2012
Interest Rate Swap Agreement
JW Marriott New Orleans
Feb. 28, 2011
Interest Rate Swap Agreement
JW Marriott New Orleans
Interest Rate Derivative Agreements                                            
Number of derivative agreements                         2           1      
Percentage of equity interest purchased             62.00%   75.00%                          
Debt assumed at acquisition             $ 270,000,000         $ 42,200,000                    
Interest rate, description of reference rate           3-Month LIBOR 3-Month LIBOR   3-Month LIBOR 3-Month LIBOR         3-Month LIBOR              
Interest rate added to base rate (as a percent)           3.25% 1.15%   3.25% 3.25%                        
Fair values of derivative agreements                         100,000 400,000                
Fair values of derivative agreements                                           300,000
Interest rate cap derivative agreements 72,000   72,000   386,000                     100,000            
Notional amount of related debt               180,000,000                   120,000,000     41,100,000  
Repayment of mortgage loan           90,000,000     233,800,000                          
New mortgage loan           180,000,000     240,000,000                          
Amount paid to acquire derivatives                             900,000   100,000          
Strike rate (as a percent)                             4.00%     3.75%        
Fixed interest rate (as a percent)                     5.45% 5.45%                    
Net loss due to changes in the fair value of the company's derivative agreements 400,000 1,000,000 499,000 1,004,000                                    
Fair value of derivative liabilities $ 1,753,000   $ 1,753,000   $ 1,567,000                           $ 1,800,000 $ 1,600,000