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Long-Term Debt (Tables)
3 Months Ended
Mar. 31, 2014
Debt Financing [Abstract]  
Summary Of Long Term Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Fixed Rate Debt

 

Balance

Rate

Maturity

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

Great Western Bank

 

$

10,768 
4.95 

%

6/2014

GE Franchise Finance Commercial LLC

 

 

17,170 
7.17 

%

12/2014

Citigroup Global Markets Realty Corp

 

 

12,177 
5.97 

%

11/2015

Great Western Bank

 

 

7,970 
5.00 

%

6/2015

Trevian Capital

 

 

8,300 
12.50 

%

6/2015

Elkhorn Valley Bank

 

 

2,716 
5.50 

%

6/2016

First State Bank

 

 

574 
5.50 

%

9/2016

GE Franchise Finance Commercial LLC

 

 

11,695 
7.17 

%

2/2017

Cantor

 

 

6,014 
4.25 

%

11/2017

Morgan Stanley

 

 

29,399 
5.83 

%

12/2017

Total fixed rate debt

 

$

106,783 

 

 

 

 

 

 

 

 

 

 

Variable Rate Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

RES, net of unamortized debt discount of $134

 

 

1,866 
7.23 

%

6/2015

GE Franchise Finance Commercial LLC

 

 

7,149 
3.74 

%

2/2018

GE Franchise Finance Commercial LLC

 

 

2,094 
4.30 

%

2/2018

Total variable rate debt

 

$

11,109 

 

 

 

 

 

 

 

 

 

 

Subtotal debt

 

 

117,892 

 

 

 

 

 

 

 

 

 

 

Less: debt associated with hotel properties held for sale

 

 

26,843 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

91,049 

 

 

 

 

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 2014

 

$

26,843 

 

$

13,345 

 

$

40,188 

2015

 

 

 

 

26,692 

 

 

26,692 

2016

 

 

 

 

4,817 

 

 

4,817 

2017

 

 

 

 

40,734 

 

 

40,734 

2018

 

 

 

 

5,461 

 

 

5,461 

Thereafter

 

 

 

 

 

 

 

 

$

26,843 

 

$

91,049 

 

$

117,892 

 

 

 

 

 

 

 

 

 

 

 

The Carrying Value And Estimated Fair Value Of Long-Term Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying Value

 

Estimated Fair Value

 

 

March 31,

 

December 31,

 

March 31,

 

December 31,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

91,049 

 

$

90,620 

 

$

81,070 

 

$

80,143 

Discontinued operations

 

 

26,843 

 

 

27,425 

 

 

25,686 

 

 

25,526 

Total

 

$

117,892 

 

$

118,045 

 

$

106,756 

 

$

105,669