Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Investment in hotel properties, net	$ 88,336	$ 89,023
Cash and cash equivalents	18,999	4,870
Restricted cash, property escrows	3,294	3,776
Accounts receivable, net of allowance for doubtful accounts of $7 and $10	1,450	1,169
Prepaid expenses and other assets	2,459	1,832
Investment in hotel properties held for sale, net	28,531	41,676
Total Assets	143,069	142,346
Liabilities
Accounts payable, accrued expenses, and other liabilities	6,940	5,419
Derivative liabilities, at fair value	260	8,759
Convertible debt, at fair value	1,191
Long-term debt, net of deferred financing costs	52,922	54,105
Long-term debt related to hotel properties held for sale, net of deferred financing costs	16,319	31,906
Total Liabilities	77,632	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	118,534	138,387
Accumulated deficit	(117,058)	(105,858)
Total Shareholders' Equity	62,906	32,616
Noncontrolling interest in consolidated partnership, redemption value of $1,474 and $1,197	2,531	1,879
Total Equity	65,437	34,495
Total Liabilities and Equity	143,069	142,346
Series A Preferred Stock [Member]
Shareholders' equity
Preferred stock value		8
Series B Preferred Stock [Member]
Liabilities
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	$ 61,381