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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Fixed Rate Debt

 

Balance

Rate

Maturity

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

Great Western Bank

 

$

11,197 
4.95 

%

6/2014

GE Franchise Finance Commercial LLC

 

 

17,483 
7.17 

%

12/2014

Citigroup Global Markets Realty Corp

 

 

12,380 
5.97 

%

11/2015

Great Western Bank

 

 

9,199 
5.00 

%

6/2015

Elkhorn Valley Bank

 

 

2,802 
5.50 

%

6/2016

First State Bank

 

 

1,196 
5.50 

%

9/2016

GE Franchise Finance Commercial LLC

 

 

11,930 
7.17 

%

2/2017

Cantor

 

 

6,067 
4.25 

%

11/2017

Morgan Stanley

 

 

29,903 
5.83 

%

12/2017

Wachovia Bank

 

 

5,929 
7.38 

%

3/2020

Total fixed rate debt

 

$

108,086 

 

 

 

 

 

 

 

 

 

 

Variable Rate Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

GE Franchise Finance Commercial LLC

 

 

7,358 
3.76 

%

2/2018

GE Franchise Finance Commercial LLC

 

 

2,150 
4.32 

%

2/2018

Total variable rate debt

 

$

9,508 

 

 

 

 

 

 

 

 

 

 

Subtotal debt

 

 

117,594 

 

 

 

 

 

 

 

 

 

 

Less: debt associated with hotel properties held for sale

 

 

26,252 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

91,342 

 

 

 

 

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

 

$

26,252 

 

$

904 

 

$

27,156 

2014

 

 

 

 

14,934 

 

 

14,934 

2015

 

 

 

 

17,211 

 

 

17,211 

2016

 

 

 

 

5,414 

 

 

5,414 

2017

 

 

 

 

43,644 

 

 

43,644 

Thereafter

 

 

 

 

9,235 

 

 

9,235 

 

 

$

26,252 

 

$

91,342 

 

$

117,594