XML 93 R63.htm IDEA: XBRL DOCUMENT v3.20.1
NOTES PAYABLE AND SPECIAL ASSESSMENT OBLIGATIONS - Narrative (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 02, 2017
Dec. 31, 2019
USD ($)
Oct. 31, 2017
USD ($)
Apr. 30, 2014
USD ($)
$ / shares
Mar. 30, 2020
USD ($)
Mar. 31, 2019
USD ($)
renewal_option
Dec. 31, 2019
USD ($)
renewal_option
Dec. 31, 2018
USD ($)
Dec. 31, 2015
USD ($)
Debt Instrument [Line Items]                  
Interest expense             $ 2,342,000 $ 3,122,000  
Non-cash interest costs capitalized to operating property             1,000,000 0  
Unamortized discount   $ 178,000         178,000    
Debt   51,277,000         51,277,000    
Special assessment bond   100,000         100,000 100,000  
Special assessment bond carrying value   100,000         100,000    
Exchange Offering Notes                  
Debt Instrument [Line Items]                  
Debt amount       $ 10,200,000.0          
Stated interest rate       4.00%          
Fair value disclosure       $ 6,400,000          
Effective rate (percentage)       14.60%          
MacArthur Loan                  
Debt Instrument [Line Items]                  
Interest expense               3,100,000  
Non-cash interest costs capitalized to operating property             1,000,000 0  
Proceeds from issuance of debt     $ 32,300,000       $ 14,700,000    
Interest rate reduction, other conditions             0.25%    
Debt term             3 years    
Number of extensions available for loans acquired | renewal_option           2 2    
Maturity term           1 year 1 year    
Extension fee             0.35%    
Deferred financing fees               $ 500,000  
New Mexico Land Purchase Financing | Notes Payable to Banks                  
Debt Instrument [Line Items]                  
Debt amount                 $ 5,900,000.0
Debt                 $ 6,800,000
Principal payment   1,000,000              
Special Assessment Bonds | Unsecured Debt                  
Debt Instrument [Line Items]                  
Debt amount   $ 2,300,000.0         $ 2,300,000.0    
Special Assessment Bonds | Unsecured Debt | Maximum                  
Debt Instrument [Line Items]                  
Stated interest rate   7.50%         7.50%    
Special Assessment Bonds | Unsecured Debt | Minimum                  
Debt Instrument [Line Items]                  
Stated interest rate   6.00%         6.00%    
Subordinated Debt                  
Debt Instrument [Line Items]                  
Maturity term       5 years          
Stated interest rate       4.00%          
Debt offered in exchange for common stock shares exchange price per share | $ / shares       $ 8.02          
JPMorgan Chase Funding Inc.                  
Debt Instrument [Line Items]                  
Mortgage loans in process of foreclosure   $ 13,200,000         $ 13,200,000    
Master repurchase agreement             $ 11,000,000    
JPMorgan Chase Funding Inc. | Subsequent Event                  
Debt Instrument [Line Items]                  
Master repurchase agreement, paid         $ 11,000,000        
LIBOR                  
Debt Instrument [Line Items]                  
Annual interest rate               2.50%  
LIBOR | MacArthur Loan                  
Debt Instrument [Line Items]                  
Variable rate             3.50%    
Annual interest rate             1.76%    
Prime Rate                  
Debt Instrument [Line Items]                  
Annual interest rate             4.80% 5.50%  
Prime Rate | New Mexico Land Purchase Financing | Notes Payable to Banks                  
Debt Instrument [Line Items]                  
Variable rate             3.00% 2.00%  
Interest Reserve | MacArthur Loan                  
Debt Instrument [Line Items]                  
Proceeds from issuance of debt             $ 1,200,000 $ 1,100,000  
Hotel | MacArthur Loan                  
Debt Instrument [Line Items]                  
Debt amount     32,300,000.0     $ 37,000,000.0      
Renovation Cost | MacArthur Loan                  
Debt Instrument [Line Items]                  
Proceeds from issuance of debt             13,500,000    
MacArthur Place | Hotel | MacArthur Loan                  
Debt Instrument [Line Items]                  
Proceeds from issuance of debt     $ 19,400,000            
Reserve accounts           2,000,000      
Repayment guaranty 50.00%   50.00%            
Required minimum net worth     $ 50,000,000            
Required minimum liquidity     5,000,000     37,000,000      
MacArthur Place | Hotel Improvements | MacArthur Loan                  
Debt Instrument [Line Items]                  
Proceeds from issuance of debt     10,000,000            
MacArthur Place | Spa Renovation | MacArthur Loan                  
Debt Instrument [Line Items]                  
Reserve accounts   2,000,000.0         2,000,000.0    
Continuing Operations                  
Debt Instrument [Line Items]                  
Debt   51,455,000         51,455,000 36,598,000  
Deferred financing fees   178,000         178,000 284,000  
Continuing Operations | MacArthur Loan | Secured Debt                  
Debt Instrument [Line Items]                  
Debt   35,500,000         35,500,000 20,700,000  
Continuing Operations | Special Assessment Bonds                  
Debt Instrument [Line Items]                  
Special assessment bond   61,000         61,000 $ 90,000  
Commitment to Fund Equity | Hotel | MacArthur Loan                  
Debt Instrument [Line Items]                  
Commitment to provide funds   $ 27,700,000 $ 17,400,000     $ 27,700,000 $ 27,700,000    
Mortgage Receivable | Mezzanine Loan | JPMorgan Chase Funding Inc.                  
Debt Instrument [Line Items]                  
Pledged equity interest, collateral percent             100.00%