XML 51 R41.htm IDEA: XBRL DOCUMENT v3.8.0.1
Notes Payable (Details)
$ in Thousands
9 Months Ended 12 Months Ended
Sep. 30, 2017
USD ($)
property
Dec. 31, 2016
USD ($)
property
Jan. 31, 2017
Notes payable      
Total notes payable $ 992,149 $ 935,944  
Current portion of notes payable 10,431 186,034  
Less: current portion of deferred financing fees (1,270) (1,105)  
Current portion of notes payable, net 9,161 184,929  
Notes payable, less current portion 981,718 749,910  
Less: long-term portion of deferred financing fees (4,084) (3,536)  
Carrying value of notes payable, less current portion $ 977,634 $ 746,374  
Notes payable maturing in various years      
Notes payable      
Number of hotels provided as collateral | property 4 5  
Total notes payable $ 347,233 $ 528,604  
Notes payable maturing in various years | Minimum      
Notes payable      
Fixed interest rate (as a percent) 4.12% 4.12%  
Notes payable maturing in various years | Maximum      
Notes payable      
Fixed interest rate (as a percent) 5.95% 5.95%  
Hilton San Diego Bayfront mortgage payable      
Notes payable      
Number of hotels provided as collateral | property 1 1  
Interest rate, description of reference rate one-month LIBOR one-month LIBOR  
Interest rate added to base rate (as a percent) 2.25% 2.25%  
Total notes payable $ 219,916 $ 222,340  
$85.0 million term loan      
Notes payable      
Term loan total interest rate, including effect of swap agreement 3.391% 3.391%  
Total notes payable $ 85,000 $ 85,000  
$85.0 million term loan | Minimum      
Notes payable      
Interest rate added to base rate (as a percent) 1.80% 1.80%  
$85.0 million term loan | Maximum      
Notes payable      
Interest rate added to base rate (as a percent) 2.55% 2.55%  
$100.0 million term loan      
Notes payable      
Term loan total interest rate, including effect of swap agreement 3.653% 3.653%  
Total notes payable $ 100,000 $ 100,000  
$100.0 million term loan | Minimum      
Notes payable      
Interest rate added to base rate (as a percent) 1.80% 1.80%  
$100.0 million term loan | Maximum      
Notes payable      
Interest rate added to base rate (as a percent) 2.55% 2.55%  
Series A Senior Notes      
Notes payable      
Fixed interest rate (as a percent) 4.69%   4.69%
Total notes payable $ 120,000    
Series B Senior Notes      
Notes payable      
Fixed interest rate (as a percent) 4.79%   4.79%
Total notes payable $ 120,000    
Interest Rate Swap | $85.0 million term loan      
Notes payable      
Fixed rate under interest rate swap agreement 1.591% 1.591%  
Interest Rate Swap | $100.0 million term loan      
Notes payable      
Fixed rate under interest rate swap agreement 1.853% 1.853%  
Not designated as hedging instrument | Interest Rate Cap | Hilton San Diego Bayfront mortgage payable      
Notes payable      
Interest rate, description of reference rate 1-Month LIBOR 1-Month LIBOR  
Not designated as hedging instrument | Interest Rate Swap | $85.0 million term loan      
Notes payable      
Interest rate, description of reference rate 1-Month LIBOR 1-Month LIBOR  
Fixed rate under interest rate swap agreement 1.591% 1.591%  
Term loan total interest rate, including effect of swap agreement 3.391% 3.391%  
Not designated as hedging instrument | Interest Rate Swap | $100.0 million term loan      
Notes payable      
Interest rate, description of reference rate 1-Month LIBOR 1-Month LIBOR  
Fixed rate under interest rate swap agreement 1.853% 1.853%  
Term loan total interest rate, including effect of swap agreement 3.653% 3.653%