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Debt Financing (Tables)
3 Months Ended
Jun. 30, 2015
Debt Financing [Abstract]  
Summary Of Long Term Debt

 

 

 

 

 

 

 

 

 

 

 

Interest

 

Fixed Rate Debt

 

Balance

Rate

Maturity

 

 

 

 

 

 

 

Lender

 

 

 

 

 

 

GE Capital Franchise Finance LLC

 

$

3,507 
7.17 

%

12/2015

Citigroup Global Markets Realty Corp

 

 

11,652 
5.97 

%

11/2015

GE Capital Franchise Finance LLC

 

 

3,960 
4.75 

%

2/2018

Frontier Bank

 

 

8,300 
6.00 

%

5/2016

GE Capital Franchise Finance LLC

 

 

11,080 
7.17 

%

2/2017

Cantor

 

 

5,882 
4.25 

%

11/2017

Morgan Stanley

 

 

28,091 
5.83 

%

12/2017

Total fixed rate debt

 

$

72,472 

 

 

 

 

 

 

 

 

 

 

Variable Rate Debt

 

 

 

 

 

 

Great Western Bank

 

$

6,448 
4.25 

%

6/2018

Total variable rate debt

 

$

6,448 

 

 

 

 

 

 

 

 

 

 

Total Debt

 

$

78,920 

 

 

 

 

 

 

 

 

 

 

Less: debt associated with hotel properties held for sale

 

 

27,999 

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

50,921 

 

 

 

 

 

 

 

 

 

 

 

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 2015

 

$

27,999 

 

$

11,077 

 

$

39,076 

2016

 

 

 

 

2,144 

 

 

2,144 

2017

 

 

 

 

37,700 

 

 

37,700 

2018

 

 

 

 

 

 

2019

 

 

 

 

 

 

Thereafter

 

 

 

 

 

 

 

 

$

27,999 

 

$

50,921 

 

$

78,920