Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
ASSETS
Investments in hotel properties	$ 116,684	$ 116,623
Less accumulated depreciation	48,483	47,076
Net investments	68,201	69,547
Cash and cash equivalents	4,124	173
Accounts receivable, net of allowance for doubtful accounts of $10 and $25	1,542	1,190
Prepaid expenses and other assets	5,116	4,262
Deferred financing costs, net	1,381	1,637
Investment in hotel properties, held for sale, net	51,028	69,635
Total assets	131,392	146,444
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	7,474	6,666
Derivative liabilities, at fair value	20,224	20,337
Debt related to hotel properties held for sale	27,999	41,012
Long-term debt	50,921	51,675
Total liabilities	106,618	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; 4,927,797 and 4,692,965 shares outstanding	49	47
Additional paid-in capital	138,367	137,900
Accumulated deficit	(121,429)	(118,983)
Total shareholders' equity	17,025	19,002
Noncontrolling interest
Noncontrolling interest in consolidated partnership, redemption value $1,367 and $25	87	90
Total equity	17,112	19,092
Total liabilities and equity	131,392	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