Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Investment in hotel properties, net	$ 224,376	$ 230,178
Investment in unconsolidated joint venture	4,649	5,866
Cash and cash equivalents	5,046	4,151
Restricted cash, property escrows	6,906	5,005
Accounts receivable, net	1,500	1,290
Prepaid expenses and other assets	1,131	2,227
Derivative assets, at fair value	428	639
Investment in hotel properties held for sale, net		4,092
Total Assets	244,036	253,448
Liabilities
Accounts payable, accrued expenses, and other liabilities	7,993	5,336
Dividends and distributions payable	145	2,330
Derivative liabilities, at fair value	498
Convertible debt, at fair value	1,199	1,000
Long-term debt, net of deferred financing costs	134,017	135,810
Long-term debt related to hotel properties held for sale, net of deferred financing costs		1,120
Total Liabilities	143,852	145,596
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 11,916,309 and 11,886,003 shares outstanding	119	119
Additional paid-in capital	232,627	231,805
Accumulated deficit	(143,277)	(134,970)
Total Shareholders' Equity	99,519	107,004
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $623 and $435	665	848
Total Equity	100,184	107,852
Total Liabilities and Equity	244,036	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 $9,394 and $9,250	$ 10,050	$ 10,050