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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE        
Total revenue $ 39,212,695 $ 35,493,126 $ 124,735,557 $ 92,511,966
Hotel operating expenses        
Total hotel operating expenses 29,389,932 26,562,195 90,166,480 69,719,859
Depreciation and amortization 4,704,806 5,005,203 13,889,621 14,956,888
Loss (gain) on disposal of assets 1,215 (176,299) 491,828 (159,079)
Corporate general and administrative 1,827,746 1,315,425 4,774,139 4,146,821
Total operating expenses 35,923,699 32,706,524 109,322,068 88,664,489
NET OPERATING INCOME 3,288,996 2,786,602 15,413,489 3,847,477
Other income (expense)        
Interest expense (4,224,387) (5,617,645) (15,280,531) (17,063,763)
Interest income 40,581 36,391 92,515 111,299
Loss on early extinguishment of debt     (5,944,881)  
Unrealized gain on hedging activities 1,457,552 262,193 2,992,311 955,560
Gain on sale of assets     30,053,977  
Gain on involuntary conversion of assets 1,422,295 10,782 1,473,842 507,739
Net income (loss) before income taxes 1,985,037 (2,521,677) 28,800,722 (11,641,688)
Income tax provision (12,474) (6,544) (33,744) (16,126)
Net income (loss) 1,972,563 (2,528,221) 28,766,978 (11,657,814)
Less: Net income (loss) attributable to noncontrolling interest 51,094 290,168 (1,317,225) 1,169,344
Net income (loss) attributable to the Company 2,023,657 (2,238,053) 27,449,753 (10,488,470)
Undeclared distributions to preferred stockholders (1,813,820) (2,079,028) (5,639,906) (5,797,551)
(Loss) gain on extinguishment of preferred stock (97,157)   64,518 93,342
Net income (loss) attributable to common stockholders $ 112,680 $ (4,317,081) $ 21,874,365 $ (16,192,679)
Net (income) loss per share attributable to common stockholders/general and limited partner unit        
Basic $ 0.01 $ (0.27) $ 1.24 $ (1.08)
Diluted $ 0.01 $ (0.27) $ 1.20 $ (1.08)
Weighted average number of common shares/general and limited partner units outstanding        
Basic 18,045,365 16,033,610 17,598,153 15,036,920
Diluted 18,559,666 16,033,610 18,209,766 15,036,920
Sotherly Hotels LP [Member]        
REVENUE        
Total revenue $ 39,212,695 $ 35,493,126 $ 124,735,557 $ 92,511,966
Hotel operating expenses        
Total hotel operating expenses 29,389,932 26,562,195 90,166,480 69,719,859
Depreciation and amortization 4,704,806 5,005,203 13,889,621 14,956,888
Loss (gain) on disposal of assets 1,215 (176,299) 491,828 (159,079)
Corporate general and administrative 1,827,746 1,315,425 4,774,139 4,146,821
Total operating expenses 35,923,699 32,706,524 109,322,068 88,664,489
NET OPERATING INCOME 3,288,996 2,786,602 15,413,489 3,847,477
Other income (expense)        
Interest expense (4,224,387) (5,617,645) (15,280,531) (17,063,763)
Interest income 40,581 36,391 92,515 111,299
Loss on early extinguishment of debt     (5,944,881)  
Unrealized gain on hedging activities 1,457,552 262,193 2,992,311 955,560
Gain on sale of assets     30,053,977  
Gain on involuntary conversion of assets 1,422,295 10,782 1,473,842 507,739
Net income (loss) before income taxes 1,985,037 (2,521,677) 28,800,722 (11,641,688)
Income tax provision (12,474) (6,544) (33,744) (16,126)
Net income (loss) 1,972,563 (2,528,221) 28,766,978 (11,657,814)
Undeclared distributions to preferred unit holders (1,813,820) (2,079,028) (5,639,906) (5,797,551)
Undeclared distributions to preferred stockholders (1,813,820) (2,079,028) (5,639,906) (5,797,551)
(Loss) gain on extinguishment of preferred stock (97,157)   64,518 93,342
Net income (loss) attributable to general and limited partnership unit holders $ 61,586 $ (4,607,249) $ 23,191,590 $ (17,362,023)
Net (income) loss per share attributable to common stockholders/general and limited partner unit        
Basic $ 0.00 $ (0.26) $ 1.21 $ (1.05)
Diluted $ 0.00 $ (0.26) $ 1.20 $ (1.05)
Weighted average number of common shares/general and limited partner units outstanding        
Basic 19,501,310 17,446,920 19,116,224 16,457,973
Diluted 19,604,222 17,446,920 19,307,832 16,457,973
Rooms Department [Member]        
REVENUE        
Total revenue $ 26,110,030 $ 25,232,109 $ 83,509,003 $ 64,771,623
Hotel operating expenses        
Total hotel operating expenses 6,539,306 6,498,482 19,694,649 16,412,978
Rooms Department [Member] | Sotherly Hotels LP [Member]        
REVENUE        
Total revenue 26,110,030 25,232,109 83,509,003 64,771,623
Hotel operating expenses        
Total hotel operating expenses 6,539,306 6,498,482 19,694,649 16,412,978
Food and Beverage Department [Member]        
REVENUE        
Total revenue 6,816,327 4,822,552 20,146,373 9,867,666
Hotel operating expenses        
Total hotel operating expenses 4,731,787 3,211,213 13,868,567 6,227,964
Food and Beverage Department [Member] | Sotherly Hotels LP [Member]        
REVENUE        
Total revenue 6,816,327 4,822,552 20,146,373 9,867,666
Hotel operating expenses        
Total hotel operating expenses 4,731,787 3,211,213 13,868,567 6,227,964
Other Operating Departments [Member]        
REVENUE        
Total revenue 6,286,338 5,438,465 21,080,181 17,872,677
Hotel operating expenses        
Total hotel operating expenses 2,386,901 2,031,983 7,470,380 6,619,247
Other Operating Departments [Member] | Sotherly Hotels LP [Member]        
REVENUE        
Total revenue 6,286,338 5,438,465 21,080,181 17,872,677
Hotel operating expenses        
Total hotel operating expenses 2,386,901 2,031,983 7,470,380 6,619,247
Indirect [Member]        
Hotel operating expenses        
Total hotel operating expenses 15,731,938 14,820,517 49,132,884 40,459,670
Indirect [Member] | Sotherly Hotels LP [Member]        
Hotel operating expenses        
Total hotel operating expenses $ 15,731,938 $ 14,820,517 $ 49,132,884 $ 40,459,670