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Related Party Debt
12 Months Ended
Dec. 31, 2020
Related Party Transactions [Abstract]  
Related Party Debt Related Party Debt
In November 2018, the Company's consolidated joint venture entered into an $85.0 million related party mortgage loan with RLJ LP, which is included in related party debt in the accompanying consolidated balance sheets. The related party
mortgage loan has an interest rate of LIBOR + 3.00% and a maturity date of November 9, 2023. The related party mortgage
loan requires payments of interest only through maturity. The hotel property owned by the Company's consolidated joint
venture is encumbered by the related party mortgage loan.

During the years ended December 31, 2020, 2019 and 2018, the Company recognized $3.1 million, $4.5 million, and $0.7 million of interest expense, respectively, related to its related party loan with RLJ LP.