Debt (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Consolidated Debt

Consolidated debt consisted of the following (in thousands) at the dates shown:

	Encumbered	Interest	Maturity	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	120,109			122,237
Mortgage debt	1	4.94	October 2022	30,184			30,717
Line of credit(b)	7	LIBOR + 2.75	June 2019	119,000			190,000
Mortgage debt(c)	1	LIBOR + 3.00	November 2017	85,000			85,000
Total	22			$	1,354,293		$	1,427,954
Unamortized debt issuance costs				(15,967		)	(18,065		)
Debt, net of unamortized debt issuance costs				$	1,338,326		$	1,409,889

(a) This debt is comprised of separate non-cross-collateralized loans, each secured by a mortgage encumbering a separate hotel.

(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

Schedule of Future Scheduled Principal Payments on Debt Obligations

Future scheduled principal payments on debt obligations at December 31, 2016 are as follows (in thousands):

Year
2017	$	87,637
2018	2,954
2019	122,106
2020	3,245
2021	3,432
Thereafter	1,134,919
	$	1,354,293