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Condensed Consolidated Statements Of Cash Flows (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (10,458,000) $ (10,963,000) $ (1,687,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization   3,331,000 3,802,000
Amortization of deferred financing costs   697,000 584,000
Amortizaton of debt discount 38,000 38,000 0
Gain on dispositions of assets   (608,000) (1,297,000)
Stock-based compensation expense   20,000 31,000
Provision for impairment loss   477,000 1,461,000
Unrealized loss (gain) on derivative instruments   9,603,000 (1,820,000)
Gain on debt conversion   (88,000) 0
Amortization of warrant issuance cost   29,000 29,000
Changes in operating assets and liabilities:      
Increase in assets   (2,075,000) (2,773,000)
Increase in liabilities   2,054,000 2,539,000
Net cash provided by operating activities   2,515,000 869,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to hotel properties   (1,277,000) (3,667,000)
Proceeds from sale of hotel assets   9,723,000 12,813,000
Net cash provided by investing activities   8,446,000 9,146,000
CASH FLOWS FROM FINANCING ACTIVITIES:      
Deferred financing costs   (428,000) (205,000)
Principal payments on long-term debt   (10,543,000) (19,028,000)
Proceeds from long-term debt   0 2,371,000
Payments on revolving debt   (14,426,000) (21,441,000)
Proceeds from revolving debt   14,333,000 28,788,000
Proceeds from common stock issued in rights offering 860,000 860,000 0
Rights offering issuance costs 162,000 (162,000) 0
Purchased Treasury Stock   (1,000) (8,000)
Dividends paid to preferred shareholders   0 (944,000)
Net cash used in financing activities   (10,367,000) (10,467,000)
Increase (decrease) in cash and cash equivalents   594,000 (452,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD   45,000 891,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 639,000 639,000 439,000
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest paid, net of amounts capitalized   3,730,000 4,756,000
SCHEDULE OF NONCASH FINANCING ACTIVITIES      
Dividends declared preferred 0 0 1,674,000
Unamortized debt discount 113,000 113,000 0
Convertible loan embedded derivative (151,000) (151,000) 0
Debt converted to common stock (2,000,000) (2,000,000) 0
Common stock issued on conversion of debt $ 1,950,000 $ 1,950,000 $ 0