BORROWINGS (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015				December 31, 2014
	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	2,784		—		—
			—		—
Other debt:
Senior Notes			10,000		10,000
Mortgage debt - hotel property			10,035		10,088
Other debt			1,139		324
Total borrowings outstanding			$	21,174	$	20,412

(1) The amount of the facility as shown has been reduced $503,000 for an outstanding letter of credit at March 31, 2015.

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

Annual principal payments coming due on the Company’s aggregate borrowings for the next five years ending March 31 and thereafter, are as follows (in thousands):

2016	$	601
2017	602
2018	10,591
2019	292
2020	276
Thereafter	8,812
Total	$	21,174