XML 41 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Debt (Details) (USD $)
3 Months Ended 3 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended
Mar. 31, 2014
Hotels
Mar. 31, 2013
Dec. 31, 2013
Mar. 31, 2014
Line of Credit [Member]
Mar. 31, 2014
Line of Credit [Member]
Libor Plus Three Point Three Seven Five Due June Two Thousand Sixteen [Member]
Hotels
Dec. 31, 2013
Line of Credit [Member]
Libor Plus Three Point Three Seven Five Due June Two Thousand Sixteen [Member]
Mar. 31, 2014
Mortgages [Member]
Four Point Nine Four Percent Due October 2022 [Member]
Hotels
Dec. 31, 2013
Mortgages [Member]
Four Point Nine Four Percent Due October 2022 [Member]
Mar. 31, 2014
Mortgages [Member]
Four Point Nine Five Percent Due October 2022 [Member]
Hotels
Dec. 31, 2013
Mortgages [Member]
Four Point Nine Five Percent Due October 2022 [Member]
Mar. 31, 2014
Mortgages [Member]
Six Point Five Eight Percent Due July Through August 2014 [Member] [Member]
Hotels
Dec. 31, 2013
Mortgages [Member]
Six Point Five Eight Percent Due July Through August 2014 [Member] [Member]
Mar. 31, 2014
Mortgages [Member]
Five Point Eight One Percent Due July 2016 [Member]
Hotels
Dec. 31, 2013
Mortgages [Member]
Five Point Eight One Percent Due July 2016 [Member]
Mar. 31, 2014
Senior Notes [Member]
Six Point Seven Five Percent Due June 2019 [Member]
Hotels
Dec. 31, 2013
Senior Notes [Member]
Six Point Seven Five Percent Due June 2019 [Member]
Mar. 31, 2014
Senior Notes [Member]
Five Point Six Two Five Percent Due March 2023 [Member]
Hotels
Dec. 31, 2013
Senior Notes [Member]
Five Point Six Two Five Percent Due March 2023 [Member]
Mar. 31, 2014
Senior Notes [Member]
Ten Point Zero Zero Percent Due October 2014 [Member]
Hotels
Dec. 31, 2013
Senior Notes [Member]
Ten Point Zero Zero Percent Due October 2014 [Member]
Mar. 31, 2014
Construction tranche [Member]
Libor Plus Four Point Zero Percent Due May 2016 [Member]
Dec. 31, 2013
Construction tranche [Member]
Libor Plus Four Point Zero Percent Due May 2016 [Member]
Mar. 31, 2014
Cash collateralized tranche [Member]
Libor Plus One Point Two Five Percent Due May 2016 [Member]
Dec. 31, 2013
Cash collateralized tranche [Member]
Libor Plus One Point Two Five Percent Due May 2016 [Member]
Dec. 31, 2013
Retired Debt
Mar. 31, 2014
Knickerbocker Loan
Libor Plus Four Point Zero Percent Due May 2016 [Member]
Mar. 31, 2014
Knickerbocker Loan
Libor Plus One Point Two Five Percent Due May 2016 [Member]
Mar. 31, 2014
Secured Debt [Member]
Jan. 31, 2014
Secured Debt [Member]
Mar. 31, 2014
Secured Debt [Member]
Mar. 31, 2014
Knickerbocker [Member]
Mar. 31, 2014
Knickerbocker [Member]
Knickerbocker Loan
Nov. 30, 2012
Knickerbocker [Member]
Knickerbocker Loan
Debt Instrument [Line Items]                                                                  
Number of encumbered hotels (in hotels) 44       9   1   4   3   1   6   9   11       0                    
Interest rate             4.94%   4.95%   6.58%   5.81%   6.75%   5.625%   10.00%                            
Variable rate basis         LIBOR                                         LIBOR LIBOR            
Variable rate basis spread         3.375%                                         4.00% 1.25%            
Long-term Debt $ 1,640,628,000   $ 1,663,226,000   $ 93,000,000 $ 88,000,000 $ 31,589,000 $ 31,714,000 $ 125,871,000 $ 126,220,000 $ 34,821,000 $ 35,133,000 $ 9,772,000 $ 9,904,000 $ 525,000,000 $ 525,000,000 $ 525,000,000 $ 525,000,000 $ 230,714,000 $ 229,190,000 $ 12,994,000 $ 0 $ 51,867,000 $ 64,861,000 $ 28,204,000 $ 13,000,000 $ 51,900,000            
Remaining Borrowing Capacity of Construction Loan                                                               20,100,000  
Credit facility, capacity       225,000,000                                                          
Term of debt extension       1 year                                                     1 year    
Maximum Borrowing Capacity of Construction Loan                                                                 85,000,000
Interest expense 25,227,000 26,285,000                                                              
Interest income 15,000 22,000                                                              
Capitalized interest 4,000,000 2,800,000                                                              
Repayments of Secured Debt                                                       17,100,000 10,900,000        
Debt extinguishment $ (6,000) $ 0                                                       $ 251,000