Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 238,364	$ 205,730
Investment in unconsolidated joint venture	7,078	7,747
Cash and cash equivalents	5,920	5,441
Restricted cash, property escrows	5,419	4,894
Accounts receivable, net	1,953	1,707
Prepaid expenses and other assets	2,719	3,220
Derivative assets, at fair value	975	391
Investment in hotel properties held for sale, net	1,205	13,850
Total Assets	263,633	242,980
Liabilities
Accounts payable, accrued expenses, and other liabilities	7,099	7,046
Dividends and distributions payable	2,479	2,470
Convertible debt, at fair value	1,050	1,069
Long-term debt, net of deferred financing costs	139,300	112,621
Long-term debt related to hotel properties held for sale, net of deferred financing costs	2,352	7,960
Total Liabilities	152,280	131,166
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 11,881,570 and 11,833,573 shares outstanding	119	118
Additional paid-in capital	231,474	230,727
Accumulated deficit	(131,739)	(130,489)
Total Shareholders' Equity	109,904	110,406
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $962 and $871	1,449	1,408
Total Equity	111,353	111,814
Total Liabilities and Equity	263,633	242,980
Series E Preferred Stock [Member]
Shareholders' Equity
Preferred stock, 40,000,000 shares authorized:	$ 10,050	$ 10,050