XML 55 R42.htm IDEA: XBRL DOCUMENT v3.19.2
Investment in Unconsolidated Joint Venture (Narrative) (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Aug. 22, 2016
USD ($)
Jun. 30, 2019
USD ($)
entity
Jun. 30, 2018
USD ($)
Jun. 30, 2019
USD ($)
entity
item
Jun. 30, 2018
USD ($)
Dec. 31, 2018
Schedule of Equity Method Investments [Line Items]            
Management fees incurred   $ 472 $ 524 $ 946 $ 1,019  
Spring Street Hotel Property II LLC [Member] | Three Wall Capital LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity interest percentage   20.00%   20.00%    
Spring Street Hotel OpCo II LLC [Member] | Three Wall Capital LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity interest percentage   20.00%   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   2    
Management fees incurred   $ 96 93 $ 212 191  
Cash distribution received   $ 653 $ 600 $ 853 $ 960  
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] | Three Wall Capital LLC [Member]            
Schedule of Equity Method Investments [Line Items]            
Equity interest percentage   20.00%   20.00%    
Preferred return on capital contributions       10.00%    
Buy-sell rights       5 years    
Atlanta Joint Venture [Member] | Minimum [Member] | Condor Hospitality Trust, Inc. [Member]            
Schedule of Equity Method Investments [Line Items]            
Purchase option period       3 years    
Atlanta Joint Venture [Member] | Maximum [Member] | Condor Hospitality Trust, Inc. [Member]            
Schedule of Equity Method Investments [Line Items]            
Purchase option period       5 years    
Condor Hospitality Limited Partnership [Member]            
Schedule of Equity Method Investments [Line Items]            
Ownership percentage       99.50%   99.50%
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%    
Atlanta, Georgia [Member] | Aloft Hotel [Member] | Atlanta Joint Venture [Member]            
Schedule of Equity Method Investments [Line Items]            
Purchase price $ 43,550          
Atlanta, Georgia [Member] | Aloft Hotel [Member] | Atlanta Joint Venture [Member] | Term Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Debt originated at acquisition $ 33,750          
Loan term       24 months    
Number of loan extensions | item       3    
Extension period       12 months    
Variable rate, interest rate       7.44%    
Atlanta, Georgia [Member] | Aloft Hotel [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%    
Atlanta, Georgia [Member] | Interest Rate Cap [Member] | Aloft Hotel [Member] | LIBOR [Member] | Atlanta Joint Venture [Member] | Term Loan [Member]            
Schedule of Equity Method Investments [Line Items]            
Basis spread       3.00%