Consolidated Balance Sheet - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Assets
Investment in hotel properties, net	$ 150,652	$ 96,158
Investment in unconsolidated joint venture	8,747	9,036
Cash and cash equivalents	15,032	8,326
Restricted cash, property escrows	4,131	5,350
Accounts receivable, net of allowance for doubtful accounts of $25 and $21	1,271	1,416
Prepaid expenses and other assets	1,396	1,666
Derivative assets, at fair value	137
Investment in hotel properties held for sale, net	12,013	18,713
Total Assets	193,379	140,665
Liabilities
Accounts payable, accrued expenses, and other liabilities	5,796	4,698
Dividends payable	2,253	1,125
Derivative liabilities, at fair value		8
Convertible debt, at fair value	1,075	1,315
Long-term debt, net of deferred financing costs	69,945	56,775
Long-term debt related to hotel properties held for sale, net of deferred financing costs	3,288	5,945
Total Liabilities	82,357	69,866
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 11,554,282 and 762,590 shares outstanding	115	8
Additional paid-in capital	226,119	118,655
Accumulated deficit	(128,230)	(112,024)
Total Shareholders' Equity	98,004	67,972
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $1,726 and $2,008	2,968	2,827
Total Equity	100,972	70,799
Total Liabilities and Equity	193,379	140,665
Series D Preferred Stock [Member]
Shareholders' Equity
6.25% Series D, 6,700,000 shares authorized, $.01 par value, 6,245,156 shares outstanding, liquidation preference of $63,427		$ 61,333
Series E Preferred Stock [Member]
Liabilities
Redeemable preferred stock 6.25% Series E, 925,000 shares authorized, $.01 par value, 925,000 shares outstanding, liquidation preference of $9,250	$ 10,050