BORROWINGS (Tables)

9 Months Ended

Sep. 30, 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 September 30, 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	1,866		—		—
			—		—
Other debt:
Senior Notes			10,000		10,000
Mortgage debt - hotel property			9,932		10,088
Other debt			964		324
Total borrowings outstanding			$	20,896	$	20,412

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

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 five succeeding annual periods ending September 30, and thereafter, are as follows (in thousands):

2016	$	594
2017	615
2018	10,464
2019	269
2020	285
Thereafter	8,669
Total	$	20,896