Condensed Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
ASSETS
Investments in hotel properties	$ 182,262,000	$ 183,160,000
Less accumulated depreciation	68,533,000	65,933,000
Real Estate Investment Property Net, Held For Use	113,729,000	117,227,000
Cash and cash equivalents	173,000	45,000
Accounts receivable, net of allowance for doubtful accounts of $25 and $20	1,190,000	1,083,000
Prepaid expenses and other assets	4,262,000	4,000,000
Deferred financing costs, net	1,637,000	2,601,000
Investment in hotel properties, held for sale, net	25,453,000	47,129,000
Total assets	146,444,000	172,085,000
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	6,666,000	7,745,000
Derivative liabilities, at fair value	20,337,000	5,907,000
Debt related to hotel properties held for sale	18,410,000	41,087,000
Long-term debt	74,277,000	76,958,000
Total liabilities	119,690,000	131,697,000
SHAREHOLDERS' EQUITY
Common stock, $.01 par value, 200,000,000 shares authorized; 4,692,965 and 2,897,539 shares outstanding	47,000	29,000
Additional paid-in capital	137,900,000	135,293,000
Accumulated deficit	(118,983,000)	(102,747,000)
Total shareholders' equity	19,002,000	32,613,000
Noncontrolling Interest
Noncontrolling interest in consolidated partnership, redemption value $25 and $87	90,000	113,000
Total equity	19,092,000	32,726,000
Total liabilities and equity	146,444,000	172,085,000
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	7,662,000	7,662,000
Preferred A Stock [Member]
SHAREHOLDERS' EQUITY
Preferred stock	8,000	8,000
Preferred C Stock [Member]
SHAREHOLDERS' EQUITY
Preferred stock	$ 30,000	$ 30,000