replace_table_token_6_th the table above includes information from all of the hotels we owned as of december 31 , 2015 , except for the laplaya beach resort and laplaya beach club and the tuscan fisherman 's wharf , a best western plus hotel for the first and second quarters of both 2015 and 2014 and hotel vintage portland for the first quarter of both 2015 and 2014 because it was closed during the first quarter of 2015 for renovation and the prescott hotel san francisco for the fourth quarter of both 2015 and 2014 because it was closed during the fourth quarter of 2015 for renovation . the table above does not include the hotel results of the manhattan collection joint venture . these hotel results for the respective periods include information reflecting operational performance for some hotels prior to our ownership of those hotels . results of operations at december 31 , 2015 and 2014 , we had 31 and 29 wholly owned properties and leasehold interests , respectively . all properties owned during these periods have been included in our results of operations during the respective periods since their dates of acquisition . based on when a property was acquired , operating results for certain properties are not comparable for the years ended december 31 , 2015 , 2014 and 2013 . the properties listed in the table below are hereinafter referred to as `` non-comparable properties `` for the periods indicated and all other properties are considered and referred to as `` comparable properties `` : 34 non-comparable property for the property location acquisition date years ended 2015 and 2014 years ended 2014 and 2013 embassy suites san diego bay - downtown san diego , ca january 29 , 2013 x the redbury hollywood hollywood , ca august 8 , 2013 x hotel modera portland , or august 28 , 2013 x hotel zephyr fisherman 's wharf san francisco , ca december 9 , 2013 x the prescott hotel san francisco san francisco , ca may 22 , 2014 x x the nines , a luxury collection hotel , portland portland , or july 17 , 2014 x x the westin colonnade coral gables miami , fl november 12 , 2014 x x hotel palomar los angeles - beverly hills los angeles , ca november 20 , 2014 x x union station hotel , autograph collection nashville , tn december 10 , 2014 x x revere hotel boston common boston , ma december 18 , 2014 x x laplaya beach resort and laplaya beach club naples , fl may 21 , 2015 x x the tuscan fisherman 's wharf , a best western plus hotel san francisco , ca june 11 , 2015 x x comparison of the year ended december 31 , 2015 to the year ended december 31 , 2014 revenues — total hotel revenues increased by $ 172.1 million , of which $ 21.9 million was contributed by the comparable properties and $ 150.2 million was contributed by the non-comparable properties . the increase from the comparable properties is primarily a result of increases in adr at the le meridien delfina santa monica , the westin san diego gaslamp quarter , embassy suites san diego bay - downtown and w boston , offset by a reduction in revenues due to the closing of the restaurant at the w los angeles - west beverly hills . hotel operating expenses — total hotel operating expenses increased by $ 94.1 million . the comparable properties contributed $ 4.9 million of the increase , which was partially offset primarily by a reduction of $ 3.6 million in expenses due to the closing of the restaurant at the w los angeles - west beverly hills . the non-comparable properties contributed $ 89.2 million to the increase . depreciation and amortization — depreciation and amortization expense increased by $ 27.5 million primarily due to the additional depreciation for the non-comparable properties . real estate taxes , personal property taxes , property insurance and ground rent — real estate taxes , personal property taxes , insurance and ground rent increased by $ 10.1 million primarily due to the non-comparable properties . corporate general and administrative — corporate general and administrative expenses increased by $ 1.3 million primarily as a result of increases in pre-opening and management and franchise transition costs offset by a reduction in non-cash share-based compensation costs . in july 2015 , we replaced the hotel management company at the hotel zelos ( formerly hotel palomar san francisco ) , argonaut hotel , the prescott hotel san francisco and the tuscan fisherman 's wharf , a best western plus hotel and incurred approximately $ 1.4 million in costs related to such replacement . corporate general and administrative expenses consist of employee compensation costs , legal and professional fees , insurance , state franchise taxes and other expenses . hotel acquisition costs — hotel acquisition costs increased by $ 2.7 million due to transfer taxes and other acquisition-related costs incurred in connection with the acquisitions of the two properties acquired during the period compared to the prior period . typically , hotel property acquisition costs consist of legal fees , other professional fees , transfer taxes and other direct costs associated with our pursuit of hotel investments . as a result , these costs are generally higher when more properties are acquired or when we have significant ongoing acquisition activity . 35 interest income — interest income remained consistent with the prior period . interest expense — interest expense increased by $ 11.7 million , a result of additional term loans , issuance of senior unsecured notes and credit facility borrowings in connection with the acquisition of the non-comparable properties . story_separator_special_tag the success of our business strategy may depend in part on our ability to access additional capital through issuances of debt and equity securities , which is dependent on favorable market conditions . we strive to maintain prudent debt leverage and intend to opportunistically enhance our capital position . senior unsecured revolving credit facility , unsecured term loan facilities and senior unsecured notes on october 16 , 2014 , we amended and restated the credit agreement governing our unsecured revolving credit facility and unsecured term loan facility . on may 19 , 2015 , we exercised the agreement 's accordion feature to increase the aggregate borrowing capacity by $ 150.0 million to $ 750.0 million . our $ 750.0 million unsecured credit facility provides for a $ 450.0 million unsecured revolving credit facility ( the `` revolver `` ) and a $ 300.0 million unsecured term loan ( the `` first term loan `` ) . the revolver matures in january 2019 with options to extend the maturity date to january 2020 and the first term loan matures in january 2020 . as of december 31 , 2015 , we had $ 165.0 million outstanding under the revolver and $ 300.0 million outstanding under the first term loan . as of december 31 , 2015 , we had $ 285.0 million borrowing capacity remaining under the revolver . we have the ability to further increase the aggregate borrowing capacity under the credit agreement to up to $ 1.0 billion , subject to lender approval . we intend to repay indebtedness incurred under the revolver from time to time out of cash flows from operations and from the net proceeds of issuances of additional equity and debt securities , as market conditions permit . interest is paid on the periodic advances under the senior unsecured revolving credit facility at varying rates , based upon either libor or the alternate base rate , plus an additional margin amount . the interest rate depends upon our leverage ratio pursuant to the provisions of the credit facility agreement . we entered into interest rate swaps to effectively fix the interest rates of the first term loan . at december 31 , 2015 , the first term loan had a weighted-average effective interest rate of 2.93 % through july 13 , 2017 and a weighted-average effective interest rate of 3.51 % from july 13 , 2017 through january 15 , 2020 , based on the company 's leverage ratio at december 31 , 2015 . on april 13 , 2015 , we entered into a second unsecured term loan facility ( the `` second term loan `` ) . the second term loan has a $ 100.0 million capacity , which may be increased up to $ 200.0 million , subject to lender approval , and matures in april 2022 . we borrowed $ 100.0 million under this new facility in 2015. the second term loan bears interest at a variable rate of libor plus 1.70 % to 2.55 % , depending on our leverage ratio . we entered into interest rate swaps to effectively fix the libor rate for the entire duration of the term loan , resulting in a weighted-average effective interest rate of 3.46 % , based on the company 's leverage ratio at december 31 , 2015 . on june 10 , 2015 , we entered into a third unsecured term loan facility ( the `` third term loan `` ) . the third term loan has a $ 125.0 million capacity , which may be increased up to $ 250.0 million , subject to lender approval , and matures in january 40 2021 . the third term loan bears interest at a variable rate of libor plus 1.45 % to 2.20 % , depending on the company 's leverage ratio . on july 10 , 2015 , we borrowed $ 125.0 million under this facility and entered into interest rate swaps to effectively fix the libor rate for the entire duration of the term loan , resulting in a weighted-average effective interest rate of 3.29 % , based on the company 's leverage ratio at december 31 , 2015 . on november 12 , 2015 , we issued $ 60.0 million of senior unsecured notes ( the `` series a notes `` ) bearing a fixed interest rate of 4.70 % per annum and maturing in december 2023 . on november 12 , 2015 , we issued $ 40.0 million of senior unsecured notes ( the `` series b notes `` ) bearing a fixed interest rate of 4.93 % per annum and maturing in december 2025 . on january 5 , 2016 , we exercised the accordion options on our second term loan and third term loan and increased the borrowing capacities of both by $ 75.0 million to $ 175.0 million and $ 200.0 million , respectively . we drew down a total of $ 150.0 million from both facilities . the additional borrowing on the second term loan remains floating at a variable rate of libor plus 1.70 % to 2.55 % , depending on our leverage ratio . we entered into interest rate swap agreements to effectively fix the libor rate for the entire duration of the third term loan , resulting in a weighted-average effective interest rate of 3.21 % , based on the company 's leverage ratio at december 31 , 2015 . 41 debt summary story_separator_special_tag href= `` https : //www.sec.gov/archives/edgar/data/0001474098/000147409816000089/ # s377d9cb06a50783ee5503f83ceb5f26a `` style= `` font-family : inherit ; font-size:8pt ; `` > for the year ended december 31 , 2015 , we invested $ 99.8 million in capital investments to reposition and improve the properties we own . we expect to invest approximately $ 95.0 million to $ 105.0 million in capital investments for our wholly owned hotels in 2016. in march 2015 , the hotel vintage plaza portland was re-opened as hotel vintage portland , after being closed in january

debt as of december 31 , 2015 and december 31 , 2014 consisted of the following ( dollars in thousands ) : replace_table_token_9_th _ ( 1 ) borrowings bear interest at floating rates equal to , at our option , either ( i ) libor plus an applicable margin or ( ii ) an adjusted base rate ( as defined in the senior unsecured credit agreement ) plus an applicable margin . we have two six-month extension options . ( 2 ) borrowings under our term loan facilities bear interest at floating rates equal to , at our option , either ( i ) libor plus an applicable margin or ( ii ) a base rate plus an applicable margin . we entered into interest rate swaps to effectively fix the interest rate for the first term loan , the second term loan and the third term loan . at december 31 , 2015 and december 31 , 2014 , we had interest rate swaps on the full amounts outstanding . ( 3 ) the interest rate of 7.39 % represents a weighted-average interest rate of the three non-recourse mortgage loans assumed in conjunction with the acquisition of the nines , a luxury collection hotel , portland . on march 5 , 2015 , we repaid these mortgage loans . ( 4 ) loan premiums on assumed mortgages recorded in purchase accounting for the hotel zelos ( formerly hotel palomar san francisco ) , embassy suites san diego bay - downtown , hotel modera , and the nines , a luxury collection hotel , portland . 42 on october 6 , 2015 , we repaid the $ 48.6 million mortgage loan on the intercontinental buckhead atlanta . on november 6 , 2015 , we repaid the $ 28.9 million mortgage loan on the skamania lodge and the $ 34.1 million mortgage loan on the doubletree by hilton hotel bethesda -washington dc . issuance of shares of beneficial interest on march 5 , 2014 , we entered into equity distribution agreements ( collectively , the “ equity distribution agreements ” ) with each of wells fargo securities , llc , merrill lynch , pierce , fenner & smith incorporated and raymond james & associates , inc.


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt as of december 31 , 2015 and december 31 , 2014 consisted of the following ( dollars in thousands ) : replace_table_token_9_th _ ( 1 ) borrowings bear interest at floating rates equal to , at our option , either ( i ) libor plus an applicable margin or ( ii ) an adjusted base rate ( as defined in the senior unsecured credit agreement ) plus an applicable margin . we have two six-month extension options . ( 2 ) borrowings under our term loan facilities bear interest at floating rates equal to , at our option , either ( i ) libor plus an applicable margin or ( ii ) a base rate plus an applicable margin . we entered into interest rate swaps to effectively fix the interest rate for the first term loan , the second term loan and the third term loan . at december 31 , 2015 and december 31 , 2014 , we had interest rate swaps on the full amounts outstanding . ( 3 ) the interest rate of 7.39 % represents a weighted-average interest rate of the three non-recourse mortgage loans assumed in conjunction with the acquisition of the nines , a luxury collection hotel , portland . on march 5 , 2015 , we repaid these mortgage loans . ( 4 ) loan premiums on assumed mortgages recorded in purchase accounting for the hotel zelos ( formerly hotel palomar san francisco ) , embassy suites san diego bay - downtown , hotel modera , and the nines , a luxury collection hotel , portland . 42 on october 6 , 2015 , we repaid the $ 48.6 million mortgage loan on the intercontinental buckhead atlanta . on november 6 , 2015 , we repaid the $ 28.9 million mortgage loan on the skamania lodge and the $ 34.1 million mortgage loan on the doubletree by hilton hotel bethesda -washington dc . issuance of shares of beneficial interest on march 5 , 2014 , we entered into equity distribution agreements ( collectively , the “ equity distribution agreements ” ) with each of wells fargo securities , llc , merrill lynch , pierce , fenner & smith incorporated and raymond james & associates , inc.
```    
 Suspicious Activity Report : replace_table_token_6_th the table above includes information from all of the hotels we owned as of december 31 , 2015 , except for the laplaya beach resort and laplaya beach club and the tuscan fisherman 's wharf , a best western plus hotel for the first and second quarters of both 2015 and 2014 and hotel vintage portland for the first quarter of both 2015 and 2014 because it was closed during the first quarter of 2015 for renovation and the prescott hotel san francisco for the fourth quarter of both 2015 and 2014 because it was closed during the fourth quarter of 2015 for renovation . the table above does not include the hotel results of the manhattan collection joint venture . these hotel results for the respective periods include information reflecting operational performance for some hotels prior to our ownership of those hotels . results of operations at december 31 , 2015 and 2014 , we had 31 and 29 wholly owned properties and leasehold interests , respectively . all properties owned during these periods have been included in our results of operations during the respective periods since their dates of acquisition . based on when a property was acquired , operating results for certain properties are not comparable for the years ended december 31 , 2015 , 2014 and 2013 . the properties listed in the table below are hereinafter referred to as `` non-comparable properties `` for the periods indicated and all other properties are considered and referred to as `` comparable properties `` : 34 non-comparable property for the property location acquisition date years ended 2015 and 2014 years ended 2014 and 2013 embassy suites san diego bay - downtown san diego , ca january 29 , 2013 x the redbury hollywood hollywood , ca august 8 , 2013 x hotel modera portland , or august 28 , 2013 x hotel zephyr fisherman 's wharf san francisco , ca december 9 , 2013 x the prescott hotel san francisco san francisco , ca may 22 , 2014 x x the nines , a luxury collection hotel , portland portland , or july 17 , 2014 x x the westin colonnade coral gables miami , fl november 12 , 2014 x x hotel palomar los angeles - beverly hills los angeles , ca november 20 , 2014 x x union station hotel , autograph collection nashville , tn december 10 , 2014 x x revere hotel boston common boston , ma december 18 , 2014 x x laplaya beach resort and laplaya beach club naples , fl may 21 , 2015 x x the tuscan fisherman 's wharf , a best western plus hotel san francisco , ca june 11 , 2015 x x comparison of the year ended december 31 , 2015 to the year ended december 31 , 2014 revenues — total hotel revenues increased by $ 172.1 million , of which $ 21.9 million was contributed by the comparable properties and $ 150.2 million was contributed by the non-comparable properties . the increase from the comparable properties is primarily a result of increases in adr at the le meridien delfina santa monica , the westin san diego gaslamp quarter , embassy suites san diego bay - downtown and w boston , offset by a reduction in revenues due to the closing of the restaurant at the w los angeles - west beverly hills . hotel operating expenses — total hotel operating expenses increased by $ 94.1 million . the comparable properties contributed $ 4.9 million of the increase , which was partially offset primarily by a reduction of $ 3.6 million in expenses due to the closing of the restaurant at the w los angeles - west beverly hills . the non-comparable properties contributed $ 89.2 million to the increase . depreciation and amortization — depreciation and amortization expense increased by $ 27.5 million primarily due to the additional depreciation for the non-comparable properties . real estate taxes , personal property taxes , property insurance and ground rent — real estate taxes , personal property taxes , insurance and ground rent increased by $ 10.1 million primarily due to the non-comparable properties . corporate general and administrative — corporate general and administrative expenses increased by $ 1.3 million primarily as a result of increases in pre-opening and management and franchise transition costs offset by a reduction in non-cash share-based compensation costs . in july 2015 , we replaced the hotel management company at the hotel zelos ( formerly hotel palomar san francisco ) , argonaut hotel , the prescott hotel san francisco and the tuscan fisherman 's wharf , a best western plus hotel and incurred approximately $ 1.4 million in costs related to such replacement . corporate general and administrative expenses consist of employee compensation costs , legal and professional fees , insurance , state franchise taxes and other expenses . hotel acquisition costs — hotel acquisition costs increased by $ 2.7 million due to transfer taxes and other acquisition-related costs incurred in connection with the acquisitions of the two properties acquired during the period compared to the prior period . typically , hotel property acquisition costs consist of legal fees , other professional fees , transfer taxes and other direct costs associated with our pursuit of hotel investments . as a result , these costs are generally higher when more properties are acquired or when we have significant ongoing acquisition activity . 35 interest income — interest income remained consistent with the prior period . interest expense — interest expense increased by $ 11.7 million , a result of additional term loans , issuance of senior unsecured notes and credit facility borrowings in connection with the acquisition of the non-comparable properties . story_separator_special_tag the success of our business strategy may depend in part on our ability to access additional capital through issuances of debt and equity securities , which is dependent on favorable market conditions . we strive to maintain prudent debt leverage and intend to opportunistically enhance our capital position . senior unsecured revolving credit facility , unsecured term loan facilities and senior unsecured notes on october 16 , 2014 , we amended and restated the credit agreement governing our unsecured revolving credit facility and unsecured term loan facility . on may 19 , 2015 , we exercised the agreement 's accordion feature to increase the aggregate borrowing capacity by $ 150.0 million to $ 750.0 million . our $ 750.0 million unsecured credit facility provides for a $ 450.0 million unsecured revolving credit facility ( the `` revolver `` ) and a $ 300.0 million unsecured term loan ( the `` first term loan `` ) . the revolver matures in january 2019 with options to extend the maturity date to january 2020 and the first term loan matures in january 2020 . as of december 31 , 2015 , we had $ 165.0 million outstanding under the revolver and $ 300.0 million outstanding under the first term loan . as of december 31 , 2015 , we had $ 285.0 million borrowing capacity remaining under the revolver . we have the ability to further increase the aggregate borrowing capacity under the credit agreement to up to $ 1.0 billion , subject to lender approval . we intend to repay indebtedness incurred under the revolver from time to time out of cash flows from operations and from the net proceeds of issuances of additional equity and debt securities , as market conditions permit . interest is paid on the periodic advances under the senior unsecured revolving credit facility at varying rates , based upon either libor or the alternate base rate , plus an additional margin amount . the interest rate depends upon our leverage ratio pursuant to the provisions of the credit facility agreement . we entered into interest rate swaps to effectively fix the interest rates of the first term loan . at december 31 , 2015 , the first term loan had a weighted-average effective interest rate of 2.93 % through july 13 , 2017 and a weighted-average effective interest rate of 3.51 % from july 13 , 2017 through january 15 , 2020 , based on the company 's leverage ratio at december 31 , 2015 . on april 13 , 2015 , we entered into a second unsecured term loan facility ( the `` second term loan `` ) . the second term loan has a $ 100.0 million capacity , which may be increased up to $ 200.0 million , subject to lender approval , and matures in april 2022 . we borrowed $ 100.0 million under this new facility in 2015. the second term loan bears interest at a variable rate of libor plus 1.70 % to 2.55 % , depending on our leverage ratio . we entered into interest rate swaps to effectively fix the libor rate for the entire duration of the term loan , resulting in a weighted-average effective interest rate of 3.46 % , based on the company 's leverage ratio at december 31 , 2015 . on june 10 , 2015 , we entered into a third unsecured term loan facility ( the `` third term loan `` ) . the third term loan has a $ 125.0 million capacity , which may be increased up to $ 250.0 million , subject to lender approval , and matures in january 40 2021 . the third term loan bears interest at a variable rate of libor plus 1.45 % to 2.20 % , depending on the company 's leverage ratio . on july 10 , 2015 , we borrowed $ 125.0 million under this facility and entered into interest rate swaps to effectively fix the libor rate for the entire duration of the term loan , resulting in a weighted-average effective interest rate of 3.29 % , based on the company 's leverage ratio at december 31 , 2015 . on november 12 , 2015 , we issued $ 60.0 million of senior unsecured notes ( the `` series a notes `` ) bearing a fixed interest rate of 4.70 % per annum and maturing in december 2023 . on november 12 , 2015 , we issued $ 40.0 million of senior unsecured notes ( the `` series b notes `` ) bearing a fixed interest rate of 4.93 % per annum and maturing in december 2025 . on january 5 , 2016 , we exercised the accordion options on our second term loan and third term loan and increased the borrowing capacities of both by $ 75.0 million to $ 175.0 million and $ 200.0 million , respectively . we drew down a total of $ 150.0 million from both facilities . the additional borrowing on the second term loan remains floating at a variable rate of libor plus 1.70 % to 2.55 % , depending on our leverage ratio . we entered into interest rate swap agreements to effectively fix the libor rate for the entire duration of the third term loan , resulting in a weighted-average effective interest rate of 3.21 % , based on the company 's leverage ratio at december 31 , 2015 . 41 debt summary story_separator_special_tag href= `` https : //www.sec.gov/archives/edgar/data/0001474098/000147409816000089/ # s377d9cb06a50783ee5503f83ceb5f26a `` style= `` font-family : inherit ; font-size:8pt ; `` > for the year ended december 31 , 2015 , we invested $ 99.8 million in capital investments to reposition and improve the properties we own . we expect to invest approximately $ 95.0 million to $ 105.0 million in capital investments for our wholly owned hotels in 2016. in march 2015 , the hotel vintage plaza portland was re-opened as hotel vintage portland , after being closed in january

