XML 49 R39.htm IDEA: XBRL DOCUMENT v3.7.0.1
Investment In Unconsolidated Joint Venture (Narrative) (Details)
$ in Thousands
3 Months Ended
Aug. 22, 2016
USD ($)
Mar. 31, 2017
USD ($)
entity
item
Mar. 31, 2016
USD ($)
Schedule of Equity Method Investments [Line Items]      
Management fees incurred   $ 324 $ 399
Three Wall Capital LLC [Member | Spring Street Hotel Property II LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage   20.00%  
Three Wall Capital LLC [Member | Spring Street Hotel OpCo II LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage   20.00%  
Atlanta Joint Venture [Member]      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage   80.00%  
Number of companies comprised in joint venture | entity   2  
Management fees incurred   $ 89  
Atlanta Joint Venture [Member] | Condor Hospitality Trust, Inc. [Member]      
Schedule of Equity Method Investments [Line Items]      
Preferred return on capital contributions   10.00%  
Buy-sell rights   3 years  
Atlanta Joint Venture [Member] | Condor Hospitality Trust, Inc. [Member] | Minimum [Member]      
Schedule of Equity Method Investments [Line Items]      
Purchase option period   3 years  
Atlanta Joint Venture [Member] | Condor Hospitality Trust, Inc. [Member] | Maximum [Member]      
Schedule of Equity Method Investments [Line Items]      
Purchase option period   5 years  
Atlanta Joint Venture [Member] | Three Wall Capital LLC [Member      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage   20.00%  
Preferred return on capital contributions   10.00%  
Buy-sell rights   5 years  
Condor Hospitality Limited Partnership [Member] | Spring Street Hotel Property II LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage   80.00%  
TRS Leasing, Inc [Member] | Spring Street Hotel OpCo II LLC [Member]      
Schedule of Equity Method Investments [Line Items]      
Ownership percentage   80.00%  
Aloft Hotel, Atlanta, Georgia [Member] | Atlanta Joint Venture [Member] | Term Loan [Member]      
Schedule of Equity Method Investments [Line Items]      
Loan term   24 months  
Number of loan extensions | item   3  
Extension period   12 months  
Variable rate, interest rate   6.00%  
Aloft Hotel, Atlanta, Georgia [Member] | LIBOR [Member] | Atlanta Joint Venture [Member] | Term Loan [Member]      
Schedule of Equity Method Investments [Line Items]      
Reference rate   one-month LIBOR  
Basis spread   5.00%  
Interest Rate Cap [Member] | Aloft Hotel, Atlanta, Georgia [Member] | LIBOR [Member] | Atlanta Joint Venture [Member] | Term Loan [Member]      
Schedule of Equity Method Investments [Line Items]      
Basis spread   3.00%  
Level 3 [Member] | Aloft Hotel, Atlanta, Georgia [Member] | Atlanta Joint Venture [Member]      
Schedule of Equity Method Investments [Line Items]      
Purchase price $ 44,550    
Debt originated at acquisition $ 33,750