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This excerpt taken from the LHO 8-K filed Nov 23, 2009. Fair Value of Financial Instruments Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under the senior unsecured credit facility, borrowings under LHL’s credit facility, the mortgage loan on Gild Hall and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, the carrying values of which approximate market value at December 31, 2008 and 2007. The Company estimates the fair value of its fixed rate debt by discounting the future cash flows of each instrument at estimated market rates consistent with the maturity of the debt obligation with similar credit policies. As of December 31, 2008, the estimated fair value of the Company’s fixed rate
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mortgage debt was $662,896. Management determined that, as of December 31, 2007, the carrying amounts of the Company’s fixed rate debt approximated fair value. The carrying amounts of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments. These excerpts taken from the LHO 10-K filed Feb 20, 2009. Fair Value of Financial Instruments Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under the senior unsecured credit facility, borrowings under LHL’s credit facility, the mortgage loan on Gild Hall and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, the carrying values of which approximate market value at December 31, 2008 and 2007. The Company estimates the fair value of its fixed rate debt by discounting the future cash flows of each instrument at estimated market rates consistent with the maturity of the debt obligation with similar credit policies. As of December 31, 2008, the estimated fair value of the Company’s fixed rate mortgage debt was $662,896. Management determined that, as of December 31, 2007, the carrying amounts of the Company’s fixed rate debt approximated fair value. The carrying amounts of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments.
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Table of ContentsFair Value of Financial Instruments Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under the senior unsecured credit facility, borrowings under LHL’s credit facility, the mortgage loan on Gild Hall and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, the carrying values of which approximate market value at December 31, 2008 and 2007. The Company estimates the fair value of its fixed rate debt by discounting the future cash flows of each instrument at estimated market rates consistent with the maturity of the debt obligation with similar credit policies. As of December 31, 2008, the estimated fair value of the Company’s fixed rate mortgage debt was $662,896. Management determined that, as of December 31, 2007, the carrying amounts of the Company’s fixed rate debt approximated fair value. The carrying amounts of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments.
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Table of ContentsFair Value of Financial Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under F-9 Table of ContentsFair Value of Financial Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under F-9 Table of ContentsFair Value of Financial Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under F-9 Table of ContentsFair Value of Financial Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under F-9 Table of ContentsThese excerpts taken from the LHO 10-K filed Feb 21, 2008. Fair Value of Financial Instruments Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under the senior unsecured credit facility, borrowings under LHL’s credit facility, the mortgage loan on Gild Hall (formerly Holiday Inn Manhattan Wall Street District) and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, the carrying values of which approximate market value at December 31, 2007 and 2006. The carrying amounts of the Company’s other debt approximate fair value. Through ongoing analysis, management has determined that the carrying amounts of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments. Fair Value of Financial Instruments facility, borrowings under LHL’s credit facility, the mortgage loan on Gild Hall (formerly Holiday Inn Manhattan Wall Street District) and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, the carrying values of which approximate market value at December 31, 2007 and 2006. The carrying amounts of the Company’s other debt approximate fair value. Through ongoing analysis, management has determined that the carrying amounts of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments. SIZE="2">Investment in Hotel Properties Upon acquisition, the Company allocates the purchase price of assets to asset classes based The Company In accordance with the provisions of Financial Accounting Standards Board Statement No. 144, Interest and real estate taxes incurred during the renovation period are capitalized and depreciated over the The Company has an intangible asset for rights to build in the future at the This excerpt taken from the LHO 10-K filed Feb 22, 2007. Fair Value of Financial Instruments Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under the senior unsecured credit facility, borrowings under LHL’s credit facility and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, the carrying values of which approximate market value at December 31, 2006 and 2005, respectively. The carrying amount of the Company’s other debt approximates fair value. The carrying amount of the Company’s other financial instruments approximates fair value because of the relatively short maturities of these instruments. This excerpt taken from the LHO 10-K filed Feb 23, 2006. Fair Value of Financial Instruments
Fair value is determined by using available market information and appropriate valuation methodologies. Borrowings under the senior unsecured credit facility, borrowings under LHL’s credit facility and the
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Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, carrying values approximate market value at December 31, 2005 and 2004, respectively. The carrying amount of the Company’s other debt approximates fair value. The carrying amount of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments.
This excerpt taken from the LHO 10-K filed Feb 24, 2005. Fair Value of Financial Instruments
Fair value is determined by using available market information and appropriate valuation methodologies. The Company’s financial instruments include cash and cash equivalents, accounts receivable, accounts payable,
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Table of Contentsaccrued expenses, borrowings under the Company’s senior unsecured bank facility, borrowings under LHL’s credit facility, special project revenue bonds issued by the Massachusetts Port Authority and mortgage loans on six properties. Due to their short maturities, cash and cash equivalents, accounts receivable, accounts payable and accrued expenses are carried at amounts that reasonably approximate fair value. As borrowings under the senior unsecured bank facility, borrowings under LHL’s credit facility and the Massachusetts Port Authority Special Project Revenue Bonds bear interest at variable market rates, carrying values approximate market value at December 31, 2004 and 2003, respectively. The carrying amount of the Company’s debt approximates fair value. The carrying amount of the Company’s other financial instruments approximate fair value because of the relatively short maturities of these instruments.
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