Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of notional value of derivative financial instruments

The following table summarizes the notional value of our derivative financial instrument.  The notional value provides an indication of the extent of our involvement in this instrument, but does not represent exposure to credit, interest rate, or market risks: 

Type / Description	Notional Value		Interest Rate / Strike Rate	Index	Maturity Date
Not designated as hedging instrument
Interest rate cap - Courtyard Kauai Coconut Beach Hotel	$	38,000	3.00%	30-day LIBOR	May 15, 2017

Summary of fair value of derivative financial instruments

The table below presents the fair value of our derivative financial instrument, as well as its classification on the consolidated balance sheets as of June 30, 2016 and December 31, 2015: 

Derivative not designated as hedging instrument:		Asset Derivative
	Balance Sheet Location	June 30, 2016(1)		December 31, 2015
Interest rate derivative contract	Prepaid expenses and other assets	$	—	$	2

Summary of effect of derivative financial instruments on consolidated statements of operations

The table below presents the effect of our derivative financial instruments on the condensed consolidated statements of operations for the three and six months ended June 30, 2016 and 2015: 

Derivatives Not Designated as Hedging Instruments
Amount of Loss
Three months ended June 30,				Six months ended June 30,
2016(1)		2015		2016(1)		2015
$	1	$	—	$	2	$	15

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(1) Courtyard Kauai Coconut Beach Hotel interest rate cap had a nominal value and was our only remaining asset with an interest rate cap during the three and six months ended June 30, 2016.