Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets
Investment in hotel properties, net	$ 228,897	$ 230,178
Investment in unconsolidated joint venture	6,179	5,866
Cash and cash equivalents	4,586	4,151
Restricted cash, property escrows	5,627	5,005
Accounts receivable, net	2,214	1,290
Prepaid expenses and other assets	1,962	2,227
Derivative assets, at fair value	448	639
Investment in hotel properties held for sale, net		4,092
Total Assets	249,913	253,448
Liabilities
Accounts payable, accrued expenses, and other liabilities	6,642	5,336
Dividends and distributions payable	2,480	2,330
Convertible debt, at fair value	1,048	1,000
Long-term debt, net of deferred financing costs	134,127	135,810
Long-term debt related to hotel properties held for sale, net of deferred financing costs		1,120
Total Liabilities	144,297	145,596
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 11,917,743 and 11,886,003 shares outstanding	119	119
Additional paid-in capital	232,082	231,805
Accumulated deficit	(137,423)	(134,970)
Total Shareholders' Equity	104,828	107,004
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $523 and $435	788	848
Total Equity	105,616	107,852
Total Liabilities and Equity	249,913	253,448
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 and $9,250	$ 10,050	$ 10,050