BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2016

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, 2016				December 31, 2015
	Maximum Amount of Facility		Borrowings Outstanding		Borrowings Outstanding
Credit facilities:
TD Bank – secured revolving credit facility (1)	$	6,997	$	—	$	—
Republic Bank – secured revolving credit facility	2,251		—		—
			—		—
Other debt:
Senior Notes			10,000		10,000
Mortgage debt - hotel property			9,767		9,877
Other debt			688		870
Total borrowings outstanding			20,455		20,747
Reduced for deferred financing costs			183		214
Borrowings, net			$	20,272	$	20,533

(1) The amount of the TD facility shown has been reduced by $503,000 for an outstanding letter of credit at June 30, 2016.

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 total borrowings outstanding for the five succeeding annual periods ending June 30, and thereafter, are as follows (in thousands):

2017	$	622
2018	10,543
2019	268
2020	281
2021	301
Thereafter	8,440
Total	$	20,455