Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013
ASSETS
Investments in hotel properties	$ 192,518	$ 194,078
Less accumulated depreciation	69,220	68,475
Net investments	123,298	125,603
Cash and cash equivalents	639	45
Accounts receivable, net of allowance for doubtful accounts of $17 and $20	2,187	1,083
Prepaid expenses and other assets	5,258	4,000
Deferred financing costs, net	2,332	2,601
Investment in hotel properties, held for sale, net	28,958	38,753
Total assets	162,672	172,085
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	9,662	7,745
Derivative liabilities, at fair value	15,510	5,907
Debt related to hotel properties held for sale	23,666	35,224
Long-term debt	81,743	82,821
Total liabilities	130,581	131,697
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; 4,684,266 and 2,897,539 shares outstanding	47	29
Additional paid-in capital	137,941	135,293
Distributions in excess of retained earnings	(113,694)	(102,747)
Total shareholders' equity	24,332	32,613
Noncontrolling interest
Noncontrolling interest in consolidated partnership, redemption value $22 and $87	97	113
Total equity	24,429	32,726
Total liabilities and equity	162,672	172,085
Preferred Stock Series A [Member]
EQUITY
Preferred stock value	8	8
Series C Convertible Preferred Stock [Member]
EQUITY
Preferred stock value	$ 30	$ 30