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Debt (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Debt
Consolidated debt consisted of the following (dollars in thousands):
 
Encumbered
 
Interest
 
Maturity
 
June 30,
 
December 31,
 
Hotels
 
Rate (%)
 
Date
 
2016
 
2015
Senior unsecured notes

 
 
6.00
 
 
June 2025
 
$
475,000

 
$
475,000

Senior secured notes
9

 
 
5.625
 
 
March 2023
 
525,000

 
525,000

Mortgage debt(a)
4

 
 
4.95
 
 
October 2022
 
121,355

 
122,237

Mortgage debt
1

 
 
4.94
 
 
October 2022
 
30,454

 
30,717

Line of credit(b)
7

 
 
LIBOR + 2.75
 
June 2019
 
214,000

 
190,000

The Knickerbocker loan(c)
1

 
 
LIBOR + 3.00
 
November 2017
 
85,000

 
85,000

Total
22

 
 
 
 
 
 
 
$
1,450,809

 
$
1,427,954

Unamortized debt issuance costs
 
 
 
 
 
 
 
 
(17,106
)
 
(18,065
)
Debt, net of unamortized debt issuance costs
 
 
 
 
 
 
 
 
$
1,433,703

 
$
1,409,889


(a)
This debt is comprised of separate non-cross-collateralized loans, each secured by a mortgage encumbering different hotels.
(b)
Our line of credit can be extended for one year, subject to satisfying certain conditions. We may borrow up to $400 million under our line of credit.
(c)
This loan can be extended for one year, subject to satisfying certain conditions.