Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
ASSETS
Investments in hotel properties	$ 157,154	$ 157,174
Less accumulated depreciation	63,862	62,810
Net investments	93,292	94,364
Cash and cash equivalents	320	173
Accounts receivable, net of allowance for doubtful accounts of $8 and $25	1,397	1,190
Prepaid expenses and other assets	5,312	4,262
Deferred financing costs, net	1,399	1,637
Investment in hotel properties, held for sale, net	37,880	44,818
Total assets	139,600	146,444
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	7,793	6,666
Derivative liabilities, at fair value	15,514	20,337
Debt related to hotel properties held for sale	21,162	26,710
Long-term debt	64,532	65,977
Total liabilities	109,001	119,690
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; 4,923,847 and 4,692,965 shares outstanding	49	47
Additional paid-in capital	138,293	137,900
Accumulated deficit	(115,814)	(118,983)
Total shareholders' equity	22,566	19,002
Noncontrolling interest
Noncontrolling interest in consolidated partnership, redemption value $1,139 and $25	371	90
Total equity	22,937	19,092
Total liabilities and equity	139,600	146,444
Preferred Stock Series A [Member]
EQUITY
Preferred stock value	8	8
Series C Convertible Preferred Stock [Member]
EQUITY
Preferred stock value	$ 30	$ 30