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Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Investments in hotel properties $ 216,056 $ 213,527
Less accumulated depreciation 72,893 70,027
Net investments 143,163 143,500
Cash and cash equivalents 439 891
Accounts receivable, net of allowance for doubtful accounts of $122 and $201 2,374 2,070
Prepaid expenses and other assets 7,519 5,151
Deferred financing costs, net 2,265 2,644
Investment in hotel properties, held for sale, net 34,816 47,591
Total assets 190,576 201,847
LIABILITIES AND EQUITY    
Accounts payable, accrued expenses and other liabilities 11,975 8,778
Derivative liabilities, at fair value 14,115 15,935
Debt related to hotel properties held for sale 26,133 39,461
Long-term debt 97,378 93,360
Total liabilities 149,601 157,534
Redeemable preferred stock 10% Series B, 800,000 shares authorized; $.01 par value, 332,500 shares outstanding, liquidation preference of $8,312 7,662 7,662
EQUITY    
Common stock, $.01 par value, 200,000,000 shares authorized; 23,143,655 and 23,145,927 shares outstanding. 29 29
Common stock warrants 0 252
Additional paid-in capital 135,269 134,994
Distributions in excess of retained earnings (102,135) (98,777)
Total shareholders' equity 33,201 36,536
Noncontrolling interest    
Noncontrolling interest in consolidated partnership, redemption value $101 and $99 112 115
Total equity 33,313 36,651
COMMITMENTS AND CONTINGENCIES      
Total liabilities and equity 190,576 201,847
Preferred Stock Series A [Member]
   
EQUITY    
Preferred stock value 8 8
Series C Convertible Preferred Stock [Member]
   
EQUITY    
Preferred stock value $ 30 $ 30