Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS
Investments in hotel properties	$ 192,953	$ 194,078
Less accumulated depreciation	70,574	68,475
Net investments	122,379	125,603
Cash and cash equivalents	499	45
Accounts receivable, net of allowance for doubtful accounts of $33 and $20	2,021	1,083
Prepaid expenses and other assets	6,246	4,000
Deferred financing costs, net	1,990	2,601
Investment in hotel properties, held for sale, net	24,087	38,753
Total assets	157,222	172,085
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	10,250	7,745
Derivative liabilities, at fair value	20,125	5,907
Debt related to hotel properties held for sale	16,235	35,224
Long-term debt	80,971	82,821
Total liabilities	127,581	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; 4,689,977 and 2,897,539 shares outstanding	47	29
Additional paid-in capital	137,892	135,293
Distributions in excess of retained earnings	(116,092)	(102,747)
Total shareholders' equity	21,885	32,613
Noncontrolling interest
Noncontrolling interest in consolidated partnership, redemption value $24 and $87	94	113
Total equity	21,979	32,726
Total liabilities and equity	157,222	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