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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Assets    
Investment in hotel properties, net $ 240,307 $ 205,730
Investment in unconsolidated joint venture 7,616 7,747
Cash and cash equivalents 4,609 5,441
Restricted cash, property escrows 4,983 4,894
Accounts receivable, net 1,995 1,707
Prepaid expenses and other assets 2,274 3,220
Derivative assets, at fair value 818 391
Investment in hotel properties held for sale, net 6,115 13,850
Total Assets 268,717 242,980
Liabilities    
Accounts payable, accrued expenses, and other liabilities 6,835 7,046
Dividends and distributions payable 2,479 2,470
Convertible debt, at fair value 1,049 1,069
Long-term debt, net of deferred financing costs 141,825 112,621
Long-term debt related to hotel properties held for sale, net of deferred financing costs 6,007 7,960
Total Liabilities 158,195 131,166
Shareholders' Equity    
Common stock, $.01 par value, 200,000,000 shares authorized; 11,873,139 and 11,833,573 shares outstanding 119 118
Additional paid-in capital 231,071 230,727
Accumulated deficit (132,164) (130,489)
Total Shareholders' Equity 109,076 110,406
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $925 and $871 1,446 1,408
Total Equity 110,522 111,814
Total Liabilities and Equity 268,717 242,980
Series E Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, 40,000,000 shares authorized: $ 10,050 $ 10,050