XML 58 R41.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Payable (Details) (USD $)
3 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Jan. 31, 2013
Kahler Grand
Jan. 31, 2013
Commercial laundry facility
Aug. 31, 2012
Marriott Del Mar
Sep. 30, 2012
Portfolio sale
item
Mar. 31, 2013
Notes payable maturing at dates ranging from May 2015 through May 2021
item
Dec. 31, 2012
Notes payable maturing at dates ranging from May 2015 through May 2021
item
Mar. 31, 2013
Notes payable maturing in April 2016
item
Dec. 31, 2012
Notes payable maturing in April 2016
item
Jan. 31, 2013
Senior Notes maturing in July 2027
Feb. 29, 2012
Senior Notes maturing in July 2027
Dec. 31, 2012
Senior Notes maturing in July 2027
Mar. 31, 2013
Notes payable maturing in October 2018
item
Dec. 31, 2012
Notes payable maturing in October 2018
item
Sep. 30, 2012
Senior unsecured revolving credit facility
Sep. 30, 2012
Senior unsecured revolving credit facility
Sep. 30, 2012
Senior unsecured revolving credit facility
Minimum
Sep. 30, 2012
Senior unsecured revolving credit facility
Maximum
Apr. 30, 2012
Renaissance Long Beach
Notes payable:                                          
Total notes payable $ 1,300,869,000   $ 1,363,392,000         $ 886,945,000 $ 890,668,000 $ 233,924,000 $ 234,724,000 $ 0   $ 58,000,000 $ 180,000,000 $ 180,000,000          
Less: discount on Senior Notes     (3,000)                                    
Total notes payable, net 1,300,869,000   1,363,389,000                                    
Less: current portion (19,757,000)   (76,723,000)                                    
Notes payable, less current portion 1,281,112,000   1,286,666,000                                    
Fixed interest rate, low end of range (as a percent)               4.97% 4.97%                        
Fixed interest rate, high end of range (as a percent)               6.60% 6.60%                        
Number of hotel properties provided as collateral             3 13 13 1 1       1 1          
Interest rate, description of reference rate                   3-Month LIBOR 3-Month LIBOR       3-Month LIBOR 3-Month LIBOR LIBOR        
Interest rate added to base rate (as a percent)                   3.25% 3.25%       3.25% 3.25%     1.75% 3.50%  
Fixed interest rate (as a percent)                           4.60%              
Non-recourse mortgage cancelled           47,100,000 75,600,000                            
Repurchase of senior notes                       42,000,000                  
Redemption of senior notes                       16,000,000                  
Aggregate principal amount of debt repurchased or redeemed                       58,000,000 4,500,000                
Payments on notes payable and credit facility (119,793,000) (10,225,000)                                      
Total cost to extinguish debt       29,800,000                                  
loss on extinguishment of debt 3,115,000     3,100,000                                  
Repayment of debt       26,700,000 400,000                               32,200,000
Aggregate principal amount of debt repurchased, plus accrued interest and related costs                         4,570,000                
Amount of interest included in payment to repurchase senior notes                         13,000                
Write-off of deferred financing fees                         47,000               3,000
Write-off of deferred financing fees included in discontinued operations           48,000 100,000                            
Write-off of Senior Notes discount                         100,000                
(Gain) loss on extinguishment of debt 44,000 191,000                     200,000                
Maximum borrowing capacity of credit facility                                 150,000,000 150,000,000      
Interest rate floor on base rate eliminated (as a percent)                                 1.00% 1.00%      
Extended maturity period                                   2 years      
Interest rate added to base rate before amendment (as a percent)                                     3.25% 4.25%  
Maximum borrowing capacity of credit facility with lender approval                                 350,000,000 350,000,000      
Financing costs incurred and paid                                   $ 1,300,000