Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Investment in hotel properties, net	$ 105,645	$ 106,312
Cash and cash equivalents	16,270	4,870
Restricted cash, property escrows	2,940	3,776
Restricted cash, Series A and B Preferred redemption escrow	20,147
Accounts receivable, net of allowance for doubtful accounts of $8 and $10	1,326	1,169
Prepaid expenses and other assets	2,117	1,832
Investment in hotel properties, held for sale, net	18,677	24,387
Total Assets	167,122	142,346
Liabilities
Accounts payable, accrued expenses, and other liabilities	6,940	5,419
Derivative liabilities, at fair value	214	8,759
Convertible debt, at fair value	1,399
Long-term debt, net of deferred financing costs	66,446	67,503
Long-term debt related to hotel properties held for sale, net of deferred financing costs	13,746	18,508
Total Liabilities	108,811	100,189
Shareholders' equity
Common stock, $.01 par value, 200,000,000 shares authorized; 4,941,878 shares outstanding	49	49
Additional paid-in capital	118,507	138,387
Accumulated deficit	(124,004)	(105,858)
Total shareholders' equity	56,001	32,616
Noncontrolling interest in consolidated partnership, redemption value of $1,838 and $1,197	2,310	1,879
Total Equity	58,311	34,495
Total Liabilities and Equity	167,122	142,346
Series A Preferred Stock [Member]
Liabilities
Mandatorily redeemable preferred stock, at redemption value	9,675
Shareholders' equity
Preferred stock value		8
Series B Preferred Stock [Member]
Liabilities
Mandatorily redeemable preferred stock, at redemption value	10,391
Redeemable preferred stock: 10% Series B, 800,000 shares authorized; $.01 par value, 332,500 shares outstanding, liquidation preference of $10,182 at December 31, 2015		7,662
Series C Preferred Stock [Member]
Shareholders' equity
Preferred stock value		$ 30
Series D Preferred Stock [Member]
Shareholders' equity
Preferred stock value	$ 61,449