Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Investments in hotel properties	$ 129,038	$ 132,600
Less accumulated depreciation	50,808	51,632
Net investments	78,230	80,968
Cash and cash equivalents	14,923	173
Accounts receivable, net of allowance for doubtful accounts of $9 and $25	1,263	1,190
Prepaid expenses and other assets	4,793	4,262
Deferred financing costs, net	1,438	1,637
Investment in hotel properties, held for sale, net	21,076	58,214
Total assets	121,723	146,444
LIABILITIES AND EQUITY
Accounts payable, accrued expenses and other liabilities	7,448	6,666
Derivative liabilities, at fair value	12,329	20,337
Debt related to hotel properties held for sale	10,339	36,034
Long-term debt	54,800	56,653
Total liabilities	84,916	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; 4,932,222 and 4,692,965 shares outstanding	49	47
Additional paid-in capital	138,446	137,900
Accumulated deficit	(110,199)	(118,983)
Total shareholders' equity	28,334	19,002
Noncontrolling interest
Noncontrolling interest in consolidated partnership, redemption value $1,307 and $25	811	90
Total equity	29,145	19,092
Total liabilities and equity	121,723	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