Fair Value Measurements and Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Measurements and Derivative Instruments [Abstract]

Schedule of Interest Rate Swaps and Caps

Associated debt	Type	Terms	Effective Date	Maturity Date		Notional amount at September 30, 2019		Notional amount at December 31, 2018
Wells Fargo	Swap	Swaps 30-day LIBOR for fixed rate of 2.053%	11/2017	11/2022	$	25,723 (1)	$	26,048 (1)
Credit facility	Cap	Caps 30-day LIBOR at 2.50%	03/2017	03/2019	$	Not applicable	$	50,000
Credit facility	Cap	Caps 30-day LIBOR at 3.35%	4/1/2019	10/2020	$	30,000	$	Not applicable

(1) Notional amount amortizes consistently with the principal amortization of the associated loan.

Schedule of Fair Value Assets and (Liabilities) Carried at Fair Value and Measured on Recurring Basis

	Fair value at
	September 30, 2019		Level 1		Level 2		Level 3
Interest rate derivatives	$	(498)	$	-	$	(498)	$	-
Series E Preferred embedded redemption option		428		-		-		428
Convertible debt		(1,199)		-		-		(1,199)
Total	$	(1,269)	$	-	$	(498)	$	(771)

	Fair value at
	December 31, 2018		Level 1		Level 2		Level 3
Interest rate derivatives	$	350	$	-	$	350	$	-
Series E Preferred embedded redemption option		289		-		-		289
Convertible debt		(1,000)		-		-		(1,000)
Total	$	(361)	$	-	$	350	$	(711)

Reconciliation of Items Measured at Fair Value on a Recurring Basis

	Three months ended September 30,
	2019						2018
	Series E Preferred embedded redemption option		Convertible debt		Total		Series E Preferred embedded redemption option		Convertible debt		Total
Fair value, beginning of period	$	398	$	(1,072)	$	(674)	$	266	$	(1,050)	$	(784)
Net gains (losses) recognized in earnings		30		(127)		(97)		(16)		1		(15)
Fair value, end of period	$	428	$	(1,199)	$	(771)	$	250	$	(1,049)	$	(799)
Total unrealized gains (losses) during the period included in earnings related to instruments held at end of period	$	30	$	(127)	$	(97)	$	(16)	$	1	$	(15)

	Nine months ended September 30,
	2019							2018
	Series E Preferred embedded redemption option		Convertible debt		Total		Series E Preferred embedded redemption option		Convertible debt		Total
Fair value, beginning of period	$	289	$	(1,000)	$	(711)	$	314	$	(1,069)	$	(755)
Net gains (losses) recognized in earnings		139		(199)		(60)		(64)		20		(44)
Fair value, end of period	$	428	$	(1,199)	$	(771)	$	250	$	(1,049)	$	(799)
Total unrealized gains (losses) during the period included in earnings related to instruments held at end of period	$	139	$	(199)	$	(60)	$	(64)	$	20	$	(44)

Schedule of Carrying Value and Estimated Fair Value of Long-Term Debt

	Carrying value as of				Estimated fair value as of
	September 30, 2019		December 31, 2018		September 30, 2019		December 31, 2018
Held for use	$	134,017	$	135,810	$	134,404	$	134,773
Held for sale		-		1,120		-		1,120
Total	$	134,017	$	136,930	$	134,404	$	135,893

Schedule of Impairment and Recovery of Previously Recorded Impairment

	Nine months ended September 30, 2018
	Number of hotels		Impairment recovery
Sold hotels:
Impairment recovery	1	$	93