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Debt Financing (Tables)
6 Months Ended
Jun. 30, 2013
Debt Financing [Abstract]  
Summary Of Long Term Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Fixed Rate Debt

 

Balance

Rate

Maturity

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

Great Western Bank

 

$

9,798 
4.95 

%

6/2014

GE Franchise Finance Commercial LLC

 

 

17,625 
7.17 

%

12/2014

Citigroup Global Markets Realty Corp

 

 

12,476 
5.97 

%

11/2015

Great Western Bank

 

 

11,691 
5.00 

%

6/2015

Elkhorn Valley Bank

 

 

2,844 
5.50 

%

6/2016

First State Bank

 

 

1,196 
5.50 

%

9/2016

GE Franchise Finance Commercial LLC

 

 

12,041 
7.17 

%

2/2017

Cantor

 

 

6,091 
4.25 

%

11/2017

Morgan Stanley

 

 

30,143 
5.83 

%

12/2017

Wachovia Bank

 

 

6,087 
7.38 

%

3/2020

Total fixed rate debt

 

$

109,992 

 

 

 

 

 

 

 

 

 

 

Variable Rate Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

GE Franchise Finance Commercial LLC

 

 

11,338 
3.78 

%

2/2018

GE Franchise Finance Commercial LLC

 

 

2,181 
4.34 

%

2/2018

Total variable rate debt

 

$

13,519 

 

 

 

 

 

 

 

 

 

 

Subtotal debt

 

 

123,511 

 

 

 

 

 

 

 

 

 

 

Less: debt associated with hotel properties held for sale

 

 

31,719 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

91,792 

 

 

 

 

Aggregate Annual Principal Payments On Debt Associated With Assets Held For Use And Held For Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Held For Sale

 

Held For Use

 

TOTAL

Remainder of 2013

 

$

31,719 

 

$

1,675 

 

$

33,394 

2014

 

 

 

 

13,312 

 

 

13,312 

2015

 

 

 

 

21,728 

 

 

21,728 

2016

 

 

 

 

5,413 

 

 

5,413 

2017

 

 

 

 

43,643 

 

 

43,643 

Thereafter

 

 

 

 

6,021 

 

 

6,021 

 

 

$

31,719 

 

$

91,792 

 

$

123,511