Promissory Notes Payable (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Promissory Notes

The Company’s promissory notes payable as of December 31, 2015 and December 31, 2014 were as follows (in thousands):

	Outstanding Promissory Notes Payable
Note Payable and Use of Proceeds	December 31, 2015		December 31, 2014		Interest Rate		Payment	Maturity
Barceló Promissory Note for acquisition of Barceló Portfolio	$	—	$	63,074	6.8	%	Interest Only	See below
Property Improvement Plan Promissory Note	$	—	$	1,775	4.5	%	Interest Only	March 2019