Debt (Tables)

9 Months Ended

Sep. 30, 2012

Mortgage debt as of September 30, 2012 and December 31, 2011 consisted of the following (dollars in thousands):



			Balance Outstanding as of
	Interest Rate	Maturity Date	September 30, 2012		December 31, 2011
InterContinental Buckhead	4.88%	January 2016	$	51,225	$	51,805
Skamania Lodge	5.44%	February 2016	30,359		30,664
DoubleTree by Hilton Bethesda-Washington DC	5.28%	February 2016	35,724		36,000
Monaco Washington DC	4.36%	February 2017	45,560		35,000
Argonaut Hotel	4.25%	March 2017	46,489		42,000
Sofitel Philadelphia	3.90%	June 2017	49,714		56,070
			$	259,071	$	251,539

Future scheduled debt payments

Future scheduled debt principal payments for the Company's mortgage debt and term loan for the twelve months ending September 30, are as follows (in thousands):



2013	$	4,791
2014	5,014
2015	5,248
2016	115,220
2017	228,798
	$	359,071