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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net earnings $ 2,901 $ 23,522 $ 14,322
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization expense 6,898 5,190 5,400
Net gain on disposition of assets (6,807) (23,813) (7,794)
Net gain on derivatives and convertible debt (436) (6,377) (11,578)
Equity in (earnings) loss of joint venture (190) 244  
Distributions from cumulative earnings of joint venture 51    
Amortization of deferred financing costs 1,066 597 714
Loss on extinguishment of debt 967 2,187 213
Impairment loss, net 2,151 1,477 3,708
Stock-based compensation and long-term incentive plan expense 1,237 305 285
Warrant issuance costs 289 12 58
Provision for deferred taxes (660)    
Changes in operating assets and liabilities:      
(Increase) decrease in assets (879) (244) 442
Increase (decrease) in liabilities 2,500 (432) (800)
Net cash provided by operating activities 9,088 2,668 4,970
Cash flows from investing activities:      
Additions to hotel properties (2,814) (3,446) (3,853)
Deposit on hotel property and franchise fees (810)    
Investment in joint venture   (9,280)  
Distributions in excess of cumulative earnings from joint venture 1,428    
Hotel acquisitions (122,269) (22,450) (42,592)
Net proceeds from sale of hotel assets 27,630 58,593 53,306
Net change in capital expenditure escrows 985 (1,475) (1,463)
Net cash provided by (used in) investing activities (95,850) 21,942 5,398
Cash flows from financing activities:      
Deferred financing costs (4,404) (136) (865)
Proceeds from long-term debt 174,000 26,123 85,772
Principal payments on long-term debt (122,400) (50,270) (90,924)
Debt early extinguishment penalties (454) (1,752)  
Proceeds from common stock issuance 47,468   346
Series A and B Preferred Stock redemption, including accumulated dividends   (20,167)  
Series D Preferred Stock issuance   28,881  
Series E Preferred Stock issuance costs (1,210)    
Cash dividends paid to common shareholders (6,944) (198)  
Cash dividends paid to preferred shareholders (1,965) (3,598)  
Contingent consideration paid subsequent to acquisition (155)    
Other items (59) (37)  
Net cash provided by (used in) financing activities 83,877 (21,154) (5,671)
Increase (decrease) in cash and cash equivalents (2,885) 3,456 4,697
Cash and cash equivalents, beginning of year 8,326 4,870 173
Cash and cash equivalents, end of year 5,441 8,326 4,870
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 3,885 4,229 5,085
Income taxes paid 203 37  
Schedule of noncash investing and financing activities:      
Debt assumed in acquisitions 9,096   11,220
Fair value of operating partnership common units issued in acquisitions 435 50 $ 450
In kind dividends deemed on preferred stock $ 9,900 $ 20,218