Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Assets
Investment in hotel properties, net	$ 268,328	$ 222,063
Investment in unconsolidated joint venture		4,244
Cash and cash equivalents	3,297	2,584
Restricted cash, property escrows	6,081	5,811
Accounts receivable, net	966	1,099
Prepaid expenses and other assets	1,604	1,118
Derivative assets, at fair value		22
Total Assets	280,276	236,941
Liabilities
Accounts payable, accrued expenses, and other liabilities	8,280	5,523
Dividends and distributions payable	603	145
Land option liability	8,497
Derivative liabilities, at fair value	1,009	366
Convertible debt, at fair value	1,025	1,080
Long-term debt, net of deferred financing costs	179,315	134,001
Total Liabilities	198,729	141,115
Shareholders' Equity
Common stock, $.01 par value, 200,000,000 shares authorized; 12,007,712 and 11,993,608 shares outstanding	120	120
Additional paid-in capital	233,400	233,189
Accumulated deficit	(162,067)	(147,582)
Total Shareholders' Equity	81,503	95,777
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $11 and $47	44	49
Total Equity	81,547	95,826
Total Liabilities and Equity	280,276	236,941
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 $9,853 and $9,395	$ 10,050	$ 10,050