XML 57 R46.htm IDEA: XBRL DOCUMENT v3.19.1
Long-Term Debt (Summary of Long Term Debt) (Details)
3 Months Ended
May 03, 2019
Mar. 31, 2019
USD ($)
property
item
Dec. 31, 2018
USD ($)
Mar. 31, 2018
USD ($)
Debt Instrument [Line Items]        
Total fixed rate debt   $ 23,463,000 $ 23,603,000  
Total variable rate debt   112,782,000 115,535,000  
Total long-term debt   136,245,000 139,138,000  
Less: Deferred financing costs   (2,118,000) (2,208,000)  
Total long-term debt, net of deferred financing costs   134,127,000 136,930,000  
Less: Long-term debt related to hotel properties held for sale, net of deferred financing costs of $0 and $18     (1,120,000)  
Long-term debt related to hotel properties held for use, net of deferred financing costs of $2,118 and $2,190   $ 134,127,000 135,810,000  
Number of hotels | property   15    
Deferred finance costs, assets held-for-sale   $ 0 18,000  
Deferred financing costs   $ 2,118,000 2,190,000  
Encumbered Wholly Owned Properties [Member]        
Debt Instrument [Line Items]        
Number of hotels | property   14    
Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18 [Member]        
Debt Instrument [Line Items]        
Total fixed rate debt   $ 8,772,000 8,817,000  
Fixed rate, interest rate   4.54%    
Maturity   Aug. 31, 2024    
Amortization provision   25 years    
Morgan Stanley Bank of America Merrill Lynch Trust 2014-C18 [Member] | Encumbered Wholly Owned Properties [Member]        
Debt Instrument [Line Items]        
Number of hotels | property   1    
Great Western Bank [Member]        
Debt Instrument [Line Items]        
Total fixed rate debt   $ 13,556,000 13,615,000  
Fixed rate, interest rate   4.33%    
Maturity   Dec. 31, 2021    
Amortization provision   25 years    
Extension period   2 years    
Great Western Bank [Member] | Encumbered Wholly Owned Properties [Member]        
Debt Instrument [Line Items]        
Number of hotels | property   1    
Great Western Bank [Member]        
Debt Instrument [Line Items]        
Total fixed rate debt   $ 1,135,000 1,171,000  
Fixed rate, interest rate   4.33%    
Maturity   Dec. 31, 2021    
Amortization provision   7 years    
Extension period   2 years    
Wells Fargo [Member]        
Debt Instrument [Line Items]        
Total variable rate debt   $ 25,937,000 26,048,000  
Fixed rate, interest rate   4.44%    
Variable rate, interest rate   4.88%    
Maturity   Nov. 30, 2022    
Amortization provision   30 years    
Extension period   1 year    
Number of loan extensions | item   2    
Wells Fargo [Member] | Encumbered Wholly Owned Properties [Member]        
Debt Instrument [Line Items]        
Number of hotels | property   3    
Wells Fargo [Member] | LIBOR [Member]        
Debt Instrument [Line Items]        
Basis spread   2.39%    
Reference rate   30-day LIBOR    
KeyBank Credit Facility [Member]        
Debt Instrument [Line Items]        
Total variable rate debt   $ 86,845,000 89,487,000  
Variable rate, interest rate   5.49%    
Maturity   Apr. 30, 2020    
Line of credit facility, maximum borrowing capacity   $ 150,000,000   $ 150,000,000
Line of credit facility, accordion feature   400,000,000    
Available borrowing capacity   $ 10,164,000    
Commitment fee   0.20%    
Number of loan extensions | item   2    
KeyBank Credit Facility [Member] | Extension Option 1 [Member]        
Debt Instrument [Line Items]        
Maturity   Mar. 01, 2021    
KeyBank Credit Facility [Member] | Extension Option 2 [Member]        
Debt Instrument [Line Items]        
Maturity   Mar. 01, 2022    
KeyBank Credit Facility [Member] | Encumbered Wholly Owned Properties [Member]        
Debt Instrument [Line Items]        
Number of hotels | property   9    
KeyBank Credit Facility [Member] | LIBOR [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Basis spread   2.25%    
KeyBank Credit Facility [Member] | LIBOR [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Basis spread   3.00%    
KeyBank Credit Facility [Member] | Base Rate [Member] | Minimum [Member]        
Debt Instrument [Line Items]        
Basis spread   1.25%    
KeyBank Credit Facility [Member] | Base Rate [Member] | Maximum [Member]        
Debt Instrument [Line Items]        
Basis spread   2.00%    
Interest Rate Cap [Member] | KeyBank Credit Facility [Member]        
Debt Instrument [Line Items]        
Notional amount     $ 50,000,000  
Interest Rate Cap [Member] | KeyBank Credit Facility [Member] | LIBOR [Member]        
Debt Instrument [Line Items]        
Basis spread   2.50%    
Reference rate   30-day LIBOR    
Subsequent Event [Member] | KeyBank Credit Facility [Member]        
Debt Instrument [Line Items]        
Maturity Oct. 01, 2020