XML 51 R41.htm IDEA: XBRL DOCUMENT v3.20.2
Investment in Unconsolidated Joint Venture (Narrative) (Details)
3 Months Ended 6 Months Ended 12 Months Ended
May 13, 2020
Mar. 30, 2020
Aug. 22, 2016
USD ($)
Jun. 30, 2020
USD ($)
entity
Mar. 31, 2020
USD ($)
Mar. 29, 2020
Jun. 30, 2019
USD ($)
Jun. 30, 2020
USD ($)
entity
Jun. 30, 2019
USD ($)
Dec. 31, 2019
Aug. 09, 2019
USD ($)
Schedule of Equity Method Investments [Line Items]                      
Management fees incurred       $ 144,000     $ 472,000 $ 541,000 $ 946,000    
KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Maturity date of debt   Apr. 01, 2021           Apr. 30, 2021      
Spring Street Hotel Property II LLC [Member] | Three Wall Capital LLC [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Equity interest percentage       20.00%       20.00%      
Spring Street Hotel OpCo II LLC [Member] | Three Wall Capital LLC [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Equity interest percentage       20.00%       20.00%      
Atlanta Joint Venture [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Ownership percentage               80.00%      
Number of companies comprised in joint venture | entity       2       2      
Management fees incurred         $ 61,000   96,000   212,000    
Cash distribution received         $ 480,000   $ 653,000   $ 853,000    
Atlanta Joint Venture [Member] | Condor Hospitality Trust, Inc. [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Preferred return on capital contributions               10.00%      
Buy-sell rights               3 years      
Atlanta Joint Venture [Member] | Three Wall Capital LLC [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Equity interest percentage       20.00%       20.00%      
Preferred return on capital contributions               10.00%      
Buy-sell rights               5 years      
Atlanta Joint Venture [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Debt issued                     $ 34,080,000
Maturity date of debt               May 08, 2020      
Atlanta Joint Venture [Member] | Minimum [Member] | Condor Hospitality Trust, Inc. [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Purchase option period               3 years      
Atlanta Joint Venture [Member] | Maximum [Member] | Condor Hospitality Trust, Inc. [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Purchase option period               5 years      
Condor Hospitality Limited Partnership [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Ownership percentage               99.90%   99.90%  
Condor Hospitality Limited Partnership [Member] | Spring Street Hotel Property II LLC [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Ownership percentage               80.00%      
TRS Leasing, Inc [Member] | Spring Street Hotel OpCo II LLC [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Ownership percentage               80.00%      
LIBOR [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread 0.50% 3.25%                  
LIBOR [Member] | Minimum [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread           2.25%          
LIBOR [Member] | Maximum [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread           3.00%          
LIBOR [Member] | Atlanta Joint Venture [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread 2.25%                    
Base Rate [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread   2.25%                  
Base Rate [Member] | Minimum [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread           1.25%          
Base Rate [Member] | Maximum [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread           2.00%          
Base Rate [Member] | Atlanta Joint Venture [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread 1.25%                    
Interest Rate Cap [Member] | LIBOR [Member] | KeyBank Credit Facility [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Basis spread               3.35%      
Atlanta, Georgia [Member] | Aloft Hotel [Member] | Atlanta Joint Venture [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Purchase price     $ 43,550,000                
Atlanta, Georgia [Member] | Aloft Hotel [Member] | Atlanta Joint Venture [Member] | Term Loan [Member]                      
Schedule of Equity Method Investments [Line Items]                      
Debt originated at acquisition     $ 33,750,000