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Debt Financing (Tables)
9 Months Ended
Sep. 30, 2014
Debt Financing [Abstract]  
Summary Of Long Term Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Fixed Rate Debt

 

Balance

Rate

Maturity

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

Great Western Bank

 

$

7,614 
4.50 

%

6/2015

GE Franchise Finance Commercial LLC

 

 

14,195 
7.17 

%

12/2014

Citigroup Global Markets Realty Corp

 

 

11,974 
5.97 

%

11/2015

Great Western Bank

 

 

1,452 
5.00 

%

6/2015

Trevian Capital

 

 

8,300 
12.50 

%

6/2015

Elkhorn Valley Bank

 

 

2,629 
5.50 

%

6/2016

GE Franchise Finance Commercial LLC

 

 

11,459 
7.17 

%

2/2017

Cantor

 

 

5,963 
4.25 

%

11/2017

Morgan Stanley

 

 

28,893 
5.83 

%

12/2017

Total fixed rate debt

 

$

92,479 

 

 

 

 

 

 

 

 

 

 

Variable Rate Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

GE Franchise Finance Commercial LLC

 

 

4,727 
3.73 

%

2/2018

Total variable rate debt

 

$

4,727 

 

 

 

 

 

 

 

 

 

 

Subtotal debt

 

 

97,206 

 

 

 

 

 

 

 

 

 

 

Less: debt associated with hotel properties held for sale

 

 

16,235 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

80,971 

 

 

 

 

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

 

$

16,235 

 

$

660 

 

$

16,895 

2015

 

 

 

 

30,266 

 

 

30,266 

2016

 

 

 

 

4,510 

 

 

4,510 

2017

 

 

 

 

42,678 

 

 

42,678 

2018

 

 

 

 

2,857 

 

 

2,857 

Thereafter

 

 

 

 

 

 

 

 

$

16,235 

 

$

80,971 

 

$

97,206 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrying Value

 

Estimated Fair Value

 

 

September 30,

 

December 31,

 

September 30,

 

December 31,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

80,971 

 

$

82,821 

 

$

82,175 

 

$

73,132 

Discontinued operations

 

 

16,235 

 

 

35,224 

 

 

15,310 

 

 

32,537 

Total

 

$

97,206 

 

$

118,045 

 

$

97,485 

 

$

105,669