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Debt (Tables)
12 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Components of Mortgage Debt Debt consisted of the following (in thousands): 
Loan/Collateral
Interest
Rate
Maturity Date12/31/19 Property
Carrying
Value
Balance Outstanding as of
December 31, 2019December 31,
2018
Senior Unsecured Revolving Credit Facility (1)4.31 %March 8, 2022$—  $90,000  $81,500  
Residence Inn by Marriott New Rochelle, NY5.75 %September 1, 202118,756  12,936  13,361  
Residence Inn by Marriott San Diego, CA4.66 %February 6, 202344,939  27,272  27,885  
Homewood Suites by Hilton San Antonio, TX 4.59 %February 6, 202329,914  15,563  15,916  
Residence Inn by Marriott Vienna, VA4.49 %February 6, 202332,006  21,291  21,782  
Courtyard by Marriott Houston, TX4.19 %May 6, 202331,158  17,559  17,976  
Hyatt Place Pittsburgh, PA4.65 %July 6, 202334,941  21,520  21,989  
Residence Inn by Marriott Bellevue, WA4.97 %December 6, 202364,015  43,857  44,680  
Residence Inn by Marriott Garden Grove, CA 4.79 %April 6, 202438,793  32,053  32,620  
Residence Inn by Marriott Silicon Valley I, CA 4.64 %July 1, 202479,377  64,406  64,800  
Residence Inn by Marriott Silicon Valley II, CA 4.64 %July 1, 202485,006  70,270  70,700  
Residence Inn by Marriott San Mateo, CA 4.64 %July 1, 202464,718  48,305  48,600  
Residence Inn by Marriott Mountain View, CA4.64 %July 1, 202452,677  37,670  37,900  
SpringHill Suites by Marriott Savannah, GA 4.62 %July 6, 202434,567  29,817  30,000  
Hilton Garden Inn Marina del Rey, CA4.68 %July 6, 202439,200  20,931  21,355  
Homewood Suites by Hilton Billerica, MA4.32 %December 6, 202413,956  15,693  15,965  
Hampton Inn & Suites Houston Medical Cntr., TX 4.25 %January 6, 202516,410  17,717  18,026  
Total debt before unamortized debt issue costs$680,433  $586,860  $585,055  
Unamortized mortgage debt issue costs(1,395) (1,773) 
Total debt outstanding585,465  583,282  
 
1. The interest rate for the senior unsecured revolving credit facility is variable and based on LIBOR plus an applicable margin ranging from 1.55% to 2.3%, or prime plus an applicable margin of 0.55% to 1.3%.
Future Scheduled Principal Payments of Debt Obligations Future scheduled principal payments of debt obligations as of December 31, 2019, for each of the next five calendar years and thereafter are as follows (in thousands):
 Amount
2020$9,536  
202121,979  
202299,954  
2023143,084  
2024296,387  
Thereafter15,920  
Total debt before unamortized debt issue costs$586,860  
Unamortized mortgage debt issue costs(1,395) 
Total debt outstanding$585,465