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Debt (Tables)
 3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
Components of Mortgage Debt Mortgage and revolving credit facility debt consisted of the following (dollars in thousands):
 
CollateralInterest RateMaturity Date3/31/20 Property Carrying ValueBalance Outstanding on Loan as of
March 31, 2020December 31,
2019
Revolving Credit Facility (1)3.48 %March 8, 2022$—  $173,000  $90,000  
Residence Inn by Marriott New Rochelle, NY5.75 %September 1, 202120,514  12,825  12,936  
Residence Inn by Marriott San Diego, CA 4.66 %February 6, 202344,609  27,114  27,272  
Homewood Suites by Hilton San Antonio, TX 4.59 %February 6, 202329,572  15,472  15,563  
Residence Inn by Marriott Vienna, VA4.49 %February 6, 202331,751  21,164  21,291  
Courtyard by Marriott Houston, TX4.19 %May 6, 202330,923  17,451  17,559  
Hyatt Place Pittsburgh, PA4.65 %July 6, 202334,655  21,398  21,520  
Residence Inn by Marriott Bellevue, WA4.97 %December 6, 202363,665  43,644  43,857  
Residence Inn by Marriott Garden Grove, CA4.79 %April 6, 202440,424  31,906  32,053  
Residence Inn by Marriott Silicon Valley I, CA 4.64 %July 1, 202478,457  64,160  64,406  
Residence Inn by Marriott Silicon Valley II, CA4.64 %July 1, 202485,969  70,001  70,270  
Residence Inn by Marriott San Mateo, CA 4.64 %July 1, 202464,398  48,120  48,305  
Residence Inn by Marriott Mountain View, CA4.64 %July 6, 202451,956  37,525  37,670  
SpringHill Suites by Marriott Savannah, GA4.62 %July 6, 202434,261  29,702  29,817  
Hilton Garden Inn Marina del Rey, CA4.68 %July 6, 202438,914  20,822  20,931  
Homewood Suites by Hilton Billerica, MA 4.32 %December 6, 202413,727  15,623  15,693  
Hampton Inn & Suites Houston Medical Center, TX 4.25 %January 6, 202516,435  17,637  17,717  
Total debt before unamortized debt issue costs$680,230  $667,564  $586,860  
Unamortized mortgage debt issue costs(1,299) (1,395) 
Total debt outstanding$666,265  $585,465  
 
(1)The interest rate for the revolving credit facility is variable and based on either LIBOR plus an applicable margin ranging from 1.55% to 2.25%, or prime plus an applicable margin of 0.55% to 1.25%.
Future Scheduled Principal Payments of Debt Obligations
Future scheduled principal payments of debt obligations as of March 31, 2020, for the current year and each of the next five calendar years and thereafter are as follows (in thousands):
Amount
2020 (remaining nine months)$8,681  
202121,908  
2022182,954  
2023142,565  
2024295,586  
202515,870  
Thereafter—  
Total debt before unamortized debt issue costs$667,564  
Unamortized mortgage debt issue costs(1,299) 
Total debt outstanding$666,265