BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Credit Facilities and Other Debt of the Company and Related Borrowings Outstanding

The credit facilities and other debt of the Company and related borrowings outstanding are as follows (in thousands): 

	As of June 30, 2014				December 31, 2013
	Maximum Amount of Facility		Borrowings Outstanding		Borrowings Outstanding
Credit facilities:
TD Bank – secured revolving credit facility (1)	$	10,997	$	—	$	—
Republic Bank – secured revolving credit facility	3,361		—		—
			—		—
Other debt:
Senior Notes			10,000		10,000
Mortgage debt - hotel property			10,188		10,287
Other debt			370		332
Total borrowings outstanding			$	20,558	$	20,619

(1) The amount of the facility as shown has been reduced for outstanding letters of credit of $503,000 at June 30, 2014.

Annual Principal Payments on the Company's Aggregate Borrowings Over the Next Five Years and Thereafter

Annual principal payments on the Company’s aggregate borrowings for the next five years ending June 30, 2014, and thereafter, are as follows (in thousands):

2015	$	10,442
2016	299
2017	283
2018	248
2019	265
Thereafter	9,021
Total	$	20,558