Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Investments in hotel properties	$ 202,588	$ 202,224
Less accumulated depreciation	69,715	65,562
Net investments	132,873	136,662
Cash and cash equivalents	45	891
Accounts receivable, net of allowance for doubtful accounts of $20 and $201	1,083	2,070
Prepaid expenses and other assets	4,000	5,151
Deferred financing costs, net	2,601	2,644
Investment in hotel properties, held for sale, net	31,483	54,429
Total assets	172,085	201,847
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	7,745	8,778
Derivative liabilities, at fair value	5,907	15,935
Debt related to hotel properties held for sale	24,120	43,312
Long-term debt	93,925	89,509
Total liabilities	131,697	157,534
Redeemable noncontrolling interest in consolidated partnership, at redemption value	0	0
SHAREHOLDERS' EQUITY
Common stock, $.01 par value, 200,000,000 shares authorized; 2,897,539 and 2,893,241 shares outstanding	29	29
Common stock warrants	0	252
Additional paid-in capital	135,293	134,994
Distributions in excess of retained earnings	(102,747)	(98,777)
Total shareholders' equity	32,613	36,536
Noncontrolling Interest
Noncontrolling interest in consolidated partnership, redemption value $87 and $99	113	115
Total equity	32,726	36,651
Total liabilities and equity	172,085	201,847
Redeemable Preferred Stock Series B [Member]
LIABILITIES AND EQUITY
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
Preferred Stock Series A [Member]
SHAREHOLDERS' EQUITY
Preferred stock	8	8
Series C Convertible Preferred Stock [Member]
SHAREHOLDERS' EQUITY
Preferred stock	$ 30	$ 30