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Consolidated Balance Sheet - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Assets    
Investment in hotel properties, net $ 96,158 $ 75,899
Investment in unconsolidated joint venture 9,036  
Cash and cash equivalents 8,326 4,870
Restricted cash, property escrows 5,350 3,776
Accounts receivable, net of allowance for doubtful accounts of $21 and $10 1,416 1,169
Prepaid expenses and other assets 1,666 1,832
Investment in hotel properties held for sale, net 18,713 54,800
Total Assets 140,665 142,346
Liabilities    
Accounts payable, accrued expenses, and other liabilities 5,823 5,419
Derivative liabilities, at fair value 8 8,759
Convertible debt, at fair value 1,315  
Long-term debt, net of deferred financing costs 56,775 44,667
Long-term debt related to hotel properties held for sale, net of deferred financing costs 5,945 41,344
Total Liabilities 69,866 100,189
Shareholders' Equity    
Common stock, $.01 par value, 200,000,000 shares authorized; 762,590 and 760,288 shares outstanding 8 8
Additional paid-in capital 118,655 138,428
Accumulated deficit (112,024) (105,858)
Total Shareholders' Equity 67,972 32,616
Noncontrolling interest in consolidated partnership (Condor Hospitality Limited Partnership), redemption value of $2,008 and $1,197 2,827 1,879
Total Equity 70,799 34,495
Total Liabilities and Equity 140,665 142,346
Series B Redeemable Preferred Stock [Member]    
Liabilities    
Redeemable preferred stock: 10% Series B, 800,000 shares authorized; $.01 par value, 332,500 shares outstanding, liquidation preference of $10,182 at December 31, 2015   7,662
Series A Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock value   8
Series C Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock value   $ 30
Series D Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock value $ 61,333