Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Investment in hotel properties, net	$ 232,103	$ 201,722
Investment in unconsolidated joint venture	6,638	7,747
Cash and cash equivalents	5,194	5,441
Restricted cash, property escrows	5,791	4,894
Accounts receivable, net	2,185	1,707
Prepaid expenses and other assets	2,502	3,220
Derivative assets, at fair value	1,090	391
Investment in hotel properties held for sale, net	4,085	17,858
Total Assets	259,588	242,980
Liabilities
Accounts payable, accrued expenses, and other liabilities	7,532	7,046
Dividends and distributions payable	2,480	2,470
Convertible debt, at fair value	1,049	1,069
Long-term debt, net of deferred financing costs	135,690	111,097
Long-term debt related to hotel properties held for sale, net of deferred financing costs	1,212	9,484
Total Liabilities	147,963	131,166
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 11,883,554 and 11,833,573 shares outstanding	119	118
Additional paid-in capital	231,750	230,727
Accumulated deficit	(131,543)	(130,489)
Total Shareholders' Equity	110,376	110,406
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $824 and $871	1,249	1,408
Total Equity	111,625	111,814
Total Liabilities and Equity	259,588	242,980
Series E Preferred Stock [Member]
Shareholders' Equity
Preferred stock, 40,000,000 shares authorized: 6.25% Series E, 925,000 shares authorized, $.01 par value, 925,000 shares outstanding, liquidation preference of $9,395	$ 10,050	$ 10,050