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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Assets    
Investments in hotel properties $ 144,870 $ 105,520
Less accumulated depreciation 37,938 38,331
Total investments in hotel properties, Held For Use 106,932 67,189
Cash and cash equivalents 4,870 173
Restricted cash 3,776 2,478
Accounts receivable, net of allowance for doubtful accounts of $10 and $25 1,169 1,190
Prepaid expenses and other assets 1,782 1,784
Deferred financing costs, net 1,575 1,637
Investment in hotel properties, held for sale, net 23,767 71,993
Total assets 143,871 146,444
Liabilities    
Accounts payable, accrued expenses and other liabilities 5,419 6,666
Derivative liabilities, at fair value 8,759 20,337
Debt related to hotel properties held for sale 17,218 47,536
Long-term debt 70,318 45,151
Total liabilities 101,714 119,690
Redeemable preferred stock 10% Series B, 800,000 shares authorized; $.01 par value, 332,500 shares outstanding, liquidation preference of $10,182 7,662 7,662
Shareholders' equity    
Common stock, $.01 par value, 200,000,000 shares authorized; 4,941,878 and 4,692,965 shares outstanding 49 47
Additional paid-in capital 138,387 137,900
Accumulated deficit (105,858) (118,983)
Total shareholders' equity 32,616 19,002
Noncontrolling interest    
Noncontrolling interest in consolidated partnership, redemption value $1,197 and $25 1,879 90
Total Equity 34,495 19,092
Total Liabilities and Equity 143,871 146,444
Series A Preferred Stock [Member]    
Shareholders' equity    
Preferred stock value 8 8
Series C Convertible Preferred Stock [Member]    
Shareholders' equity    
Preferred stock value $ 30 $ 30