XML 49 R39.htm IDEA: XBRL DOCUMENT v3.10.0.1
Acquisition of Hotel Properties (Schedule of Purchase Price Allocation) (Details) - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Business Acquisition [Line Items]    
Land $ 2,432,000 $ 6,022,000
Building, improvements, and vehicles 29,927,000 80,002,000
Furniture and equipment 3,581,000 7,033,000
Intangible asset 243,000 98,000
Estimated earn out   (155,000)
Total purchase price & acquisition costs 36,183,000 93,000,000
Debt at acquisition 34,624,000 82,863,000
Net cash $ 1,509,000 $ 9,852,000
TownePlace Suites [Member] | Austin, Texas [Member]    
Business Acquisition [Line Items]    
Date of acquisition Jan. 18, 2018  
Land $ 1,435,000  
Building, improvements, and vehicles 16,453,000  
Furniture and equipment 1,728,000  
Intangible asset 190,000  
Total purchase price & acquisition costs 19,806,000  
Debt at acquisition 19,806,000  
Purchase price $ 19,750,000  
Home2 Suites [Member] | Summerville, South Carolina [Member]    
Business Acquisition [Line Items]    
Date of acquisition Feb. 21, 2018  
Land $ 997,000  
Building, improvements, and vehicles 13,474,000  
Furniture and equipment 1,853,000  
Intangible asset 53,000  
Total purchase price & acquisition costs 16,377,000  
Debt at acquisition 14,818,000  
Net cash 1,509,000  
Purchase price 16,325,000  
Home2 Suites [Member] | Lexington, Kentucky [Member]    
Business Acquisition [Line Items]    
Date of acquisition   Mar. 24, 2017
Land   $ 905,000
Building, improvements, and vehicles   14,204,000
Furniture and equipment   1,351,000
Intangible asset   40,000
Total purchase price & acquisition costs   16,500,000
Debt at acquisition   $ 16,455,000
Home2 Suites [Member] | Round Rock, Texas [Member]    
Business Acquisition [Line Items]    
Date of acquisition   Mar. 24, 2017
Land   $ 1,087,000
Building, improvements, and vehicles   14,345,000
Furniture and equipment   1,285,000
Intangible asset   33,000
Total purchase price & acquisition costs   16,750,000
Debt at acquisition   $ 16,705,000
Home2 Suites [Member] | Tallahassee, Florida [Member]    
Business Acquisition [Line Items]    
Date of acquisition   Mar. 24, 2017
Land   $ 1,519,000
Building, improvements, and vehicles   18,229,000
Furniture and equipment   1,727,000
Intangible asset   25,000
Total purchase price & acquisition costs   21,500,000
Debt at acquisition   $ 21,442,000
Home2 Suites [Member] | Southaven, Mississippi [Member]    
Business Acquisition [Line Items]    
Date of acquisition   Apr. 14, 2017
Land   $ 1,311,000
Building, improvements, and vehicles   16,792,000
Furniture and equipment   897,000
Total purchase price & acquisition costs   19,000,000
Debt at acquisition   9,096,000
Net cash   9,852,000
Assumption of debt   $ 9,096,000
Hampton Inn And Suites [Member] | Lake Mary, Florida [Member]    
Business Acquisition [Line Items]    
Date of acquisition   Jun. 19, 2017
Land   $ 1,200,000
Building, improvements, and vehicles   16,432,000
Furniture and equipment   1,773,000
Estimated earn out   (155,000)
Total purchase price & acquisition costs   19,250,000
Debt at acquisition   19,165,000
Contingent consideration liability   250,000
Post purchase adjustment   250,000
Condor Hospitality Limited Partnership [Member]    
Business Acquisition [Line Items]    
Issuance of common units $ 50,000 $ 285,000
Common units issued 259,685 1,211,648
Common units redemption to common stock 1.923% 1.923%
Condor Hospitality Limited Partnership [Member] | Home2 Suites [Member] | Summerville, South Carolina [Member]    
Business Acquisition [Line Items]    
Issuance of common units $ 50,000  
Condor Hospitality Limited Partnership [Member] | Home2 Suites [Member] | Lexington, Kentucky [Member]    
Business Acquisition [Line Items]    
Issuance of common units   $ 45,000
Condor Hospitality Limited Partnership [Member] | Home2 Suites [Member] | Round Rock, Texas [Member]    
Business Acquisition [Line Items]    
Issuance of common units   45,000
Condor Hospitality Limited Partnership [Member] | Home2 Suites [Member] | Tallahassee, Florida [Member]    
Business Acquisition [Line Items]    
Issuance of common units   58,000
Condor Hospitality Limited Partnership [Member] | Home2 Suites [Member] | Southaven, Mississippi [Member]    
Business Acquisition [Line Items]    
Issuance of common units   52,000
Condor Hospitality Limited Partnership [Member] | Hampton Inn And Suites [Member] | Lake Mary, Florida [Member]    
Business Acquisition [Line Items]    
Issuance of common units   $ 85,000
KeyBank Credit Facility [Member]    
Business Acquisition [Line Items]    
Line of credit facility, maximum borrowing capacity $ 150,000,000