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Debt (Tables)
 6 Months Ended
Jun. 30, 2020
Debt Disclosure [Abstract]  
Components of Mortgage Debt Mortgage and revolving credit facility debt consisted of the following (dollars in thousands):
 
CollateralInterest RateMaturity Date6/30/20 Property Carrying ValueBalance Outstanding on Loan as of
June 30, 2020December 31,
2019
Revolving Credit Facility (1)3.11 %March 8, 2022$397,214  $173,000  $90,000  
Residence Inn by Marriott New Rochelle, NY5.75 %September 1, 202120,455  12,790  12,936  
Residence Inn by Marriott San Diego, CA 4.66 %February 6, 202344,234  26,957  27,272  
Homewood Suites by Hilton San Antonio, TX 4.59 %February 6, 202329,231  15,381  15,563  
Residence Inn by Marriott Vienna, VA4.49 %February 6, 202331,535  21,038  21,291  
Courtyard by Marriott Houston, TX4.19 %May 6, 202330,651  17,345  17,559  
Hyatt Place Pittsburgh, PA4.65 %July 6, 202334,361  21,278  21,520  
Residence Inn by Marriott Bellevue, WA4.97 %December 6, 202363,198  43,433  43,857  
Residence Inn by Marriott Garden Grove, CA4.79 %April 6, 202441,239  31,762  32,053  
Residence Inn by Marriott Silicon Valley I, CA 4.64 %July 1, 202477,528  63,918  64,406  
Residence Inn by Marriott Silicon Valley II, CA4.64 %July 1, 202485,898  69,738  70,270  
Residence Inn by Marriott San Mateo, CA 4.64 %July 1, 202463,983  47,939  48,305  
Residence Inn by Marriott Mountain View, CA4.64 %July 6, 202451,144  37,384  37,670  
SpringHill Suites by Marriott Savannah, GA4.62 %July 6, 202433,953  29,590  29,817  
Hilton Garden Inn Marina del Rey, CA4.68 %July 6, 202438,620  20,713  20,931  
Homewood Suites by Hilton Billerica, MA 4.32 %December 6, 202413,489  15,553  15,693  
Hampton Inn & Suites Houston Medical Center, TX 4.25 %January 6, 202516,111  17,558  17,717  
Total debt before unamortized debt issue costs$1,072,844  $665,377  $586,860  
Unamortized mortgage debt issue costs(1,202) (1,395) 
Total debt outstanding$664,175  $585,465  
 
(1)The interest rate for the revolving credit facility is variable and based on LIBOR (subject to a 0.5% floor) plus a spread of 2.5% if borrowings remain at or below $200 million and a spread of 3.0% if borrowings exceed $200 million.
Future Scheduled Principal Payments of Debt Obligations
Future scheduled principal payments of debt obligations as of June 30, 2020, for the current year and each of the next five calendar years and thereafter are as follows (in thousands):
Amount
2020 (remaining six months)$4,982  
202122,050  
2022182,954  
2023143,084  
2024296,387  
202515,920  
Thereafter—  
Total debt before unamortized debt issue costs$665,377  
Unamortized mortgage debt issue costs(1,202) 
Total debt outstanding$664,175