Debt as of June 30, 2013 and December 31, 2012 consisted of the following (dollars in thousands):



			Balance Outstanding as of
	Interest Rate	Maturity Date	June 30, 2013		December 31, 2012
Senior unsecured revolving credit facility	Floating	July 2016	$	—	$	—

Term loan	Floating⁽¹⁾	July 2017	100,000		100,000

Mortgage loans
InterContinental Buckhead	4.88%	January 2016	50,609		51,022
Skamania Lodge	5.44%	February 2016	30,032		30,252
DoubleTree by Hilton Bethesda-Washington DC	5.28%	February 2016	35,353		35,602
Embassy Suites San Diego Bay-Downtown	6.28%	June 2016	66,322		—
Monaco Washington DC	4.36%	February 2017	44,978		45,368
Argonaut Hotel	4.25%	March 2017	45,684		46,223
Sofitel Philadelphia	3.90%	June 2017	48,822		49,419
Hotel Palomar San Francisco	5.94%	September 2017	26,963		27,124
The Westin San Diego Gaslamp Quarter	3.69%	January 2020	80,179		81,000
Mortgage loans at stated value			428,942		366,010
Mortgage loan premiums ⁽²⁾			6,377		2,498
Total mortgage loans			$	435,319	$	368,508
Total debt			$	535,319	$	468,508