Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Investment in hotel properties, net	$ 273,718	$ 222,063
Investment in unconsolidated joint venture		4,244
Cash and cash equivalents	2,641	2,584
Restricted cash, property and debt service escrows	8,285	5,811
Accounts receivable, net	773	1,099
Prepaid expenses and other assets	881	1,118
Derivative assets, at fair value		22
Total Assets	286,298	236,941
Liabilities
Accounts payable, accrued expenses, and other liabilities	5,879	5,523
Dividends and distributions payable	289	145
Land option liability	8,497
Derivative liabilities, at fair value	1,143	366
Convertible debt, at fair value	1,040	1,080
Long-term debt, net of deferred financing costs	176,725	134,001
Total Liabilities	193,573	141,115
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 11,996,289 and 11,993,608 shares outstanding	120	120
Additional paid-in capital	233,258	233,189
Accumulated deficit	(150,751)	(147,582)
Total Shareholders' Equity	92,677	95,777
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $17 and $47	48	49
Total Equity	92,725	95,826
Total Liabilities and Equity	286,298	236,941
Series E Preferred Stock [Member]
Liabilities
Dividends and distributions payable	289
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 $9,539 and $9,395	$ 10,050	$ 10,050