Debt - (Tables)

6 Months Ended

Jun. 30, 2022

The following table presents the non-recourse debt, net on our Consolidated Hotel investments (dollars in thousands):


			Carrying Amount at
	Interest Rate Range	Current Maturity Date Range (a)	June 30, 2022		December 31, 2021
Fixed rate	3.9% – 4.7%	06/21(b) – 08/23	$	545,083	$	951,318
Variable rate (c)	3.3% – 9.9%	08/22 – 06/25	1,350,422		1,007,423
			$	1,895,505	$	1,958,741

___________

(a)Many of our mortgage loans have extension options, which are subject to certain conditions. The maturity dates in the table do not reflect the extension options.

(b)See discussion below on the Courtyard Times Square West mortgage loan, which matured on June 1, 2021.

(c)The interest rate range presented for these mortgage loans reflect the rates in effect as of June 30, 2022 through the use of an interest rate swap or cap, when applicable.

Scheduled of Debt Principal Payments

Scheduled debt principal payments during the remainder of 2022 and each of the next four calendar years following December 31, 2022 are as follows (in thousands):


Years Ending December 31,	Total
2022 (remainder)	$	655,795
2023	454,748
2024	329,910
2025	471,819
2026	—
Total principal payments	1,912,272
Unamortized deferred financing costs	(13,464)
Unamortized fair value discount	(3,303)
Total	$	1,895,505

Watermark Lodging Trust, Inc. 10-Q