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Fair Value of Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2013
Fair Value Disclosures [Abstract]  
Schedule of Interest Rate Derivatives [Table Text Block] As of September 30, 2013, the Company had three outstanding interest rate swap agreements that effectively fix the interest rate on two separate variable-rate mortgage loans. The notional amounts, effective dates, maturity dates, and fair values for these agreements are as follows (all dollars in thousands):

Related property/mortgage
 
Effective date
 
Notional amount at
9/30/13
 
Maturity date
 
Fair value
 
Westford Residence Inn
 
10/1/2010
  $ 6,593  
10/1/2015
  $ (186 )
Oceanside Residence Inn/Burbank Residence Inn
 
1/13/2012
    39,480  
1/13/2015
    (357 )
Oceanside Residence Inn/Burbank Residence Inn
 
1/13/2015
    38,440  
1/13/2017
    61  
Total
                $ (482 )