Mortgages Payable (Tables)

3 Months Ended

Mar. 31, 2013

Mortgages Payable [Abstract]

Schedule of Mortgages Payable

								Loan Amount Outstanding
Description	Interest Rate	Weighted Average Interest Rate as of March 31, 2013			Maturity Date	Amount Due at Maturity		As of March 31, 2013		As of December 31, 2012
TownePlace Suites Mortgage, secured by TownePlace Suites Hotel located in Metairie, Louisiana	Libor plus 3.75%, subject to 6.00% floor		6.00	%	March 14, 2015	$	5,663	$	5,895	$	5,923
SpringHill Suites Hotel Mortgage, secured by SpringHill Suites Hotel located in Peabody, Massachusetts	Libor plus 3.75%, subject to 5.75% floor		5.75	%	July 13, 2015		4,966		5,209		5,234
			5.88	%				$	11,104	$	11,157

Schedule of Estimated Contractual Principal Maturities

	Remainder of 2013		2014		2015		2016		Total
Principal maturities	$	155	$	222	$	10,727	$	-	$	11,104