Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Investment in real estate, net of accumulated depreciation of $128,218 and $130,231, respectively	$ 646,718	$ 674,130
Hotels held for sale		25,305
Cash and cash equivalents	13,639	20,460
Restricted cash	14,882	11,656
Due from third-party managers, net	6,382	4,802
Insurance receivable	9,427	11,958
Prepaid expenses and other assets	5,948	3,892
Goodwill	98,682	98,682
Deferred tax assets	355	335
TOTAL ASSETS	796,033	851,220
LIABILITIES
Accounts payable, accrued expenses, and other liabilities	15,179	22,706
Due to third-party managers, net	926	360
Mortgages payable	694,848	692,882
Mortgages payable related to assets of hotels held for sale		22,324
TOTAL LIABILITIES	710,953	738,272
Commitments and contingencies (Note 8)
Commitments and contingencies (Note 8) 7% Series A Cumulative Redeemable Preferred Stock, $1.90 initial liquidation preference, 120,000,000 shares authorized; 22,876,901 and 43,821,901 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	43,267	82,880
STOCKHOLDER'S EQUITY
Preferred stock, $0.0001 par value, 30,000,000 shares authorized; none issued and outstanding at June 30, 2019 and December 31, 2018
Common stock, $0.01 par value, 100,000 shares authorized; 100 shares issued and outstanding at June 30, 2019 and December 31, 2018	0	0
Additional paid-in capital	41,813	30,068
TOTAL STOCKHOLDER'S EQUITY	41,813	30,068
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	$ 796,033	$ 851,220