XML 26 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Changes in Partners' Capital - USD ($)
Total
Sotherly Hotels LP [Member]
Sotherly Hotels LP [Member]
General Partner [Member]
Sotherly Hotels LP [Member]
Limited Partner [Member]
Sotherly Hotels LP [Member]
Preferred Units [Member]
Sotherly Hotels LP [Member]
Preferred Units [Member]
Series B Preferred Units [Member]
Sotherly Hotels LP [Member]
Preferred Units [Member]
Series C Preferred Units [Member]
Sotherly Hotels LP [Member]
Preferred Units [Member]
Series D Preferred Units [Member]
Balances, beginning at Dec. 31, 2019   $ 105,558,317 $ 315,959 $ 2,636,363   $ 37,766,531 $ 36,461,955 $ 28,377,509
Balances, units, beginning at Dec. 31, 2019     160,006 15,840,512 4,364,610      
Issuance of partnership units   476,113 $ 4,761 $ 471,352        
Issuance of partnership units, number of units     1,898 187,935        
Amortization of restricted units award $ 72,780 72,780 $ 728 $ 72,052        
Unit based compensation   (199,675) (1,997) (197,678)        
Preferred units distributions declared   (2,188,910)       (805,000) (765,160) (618,750)
Partnership units distributions declared   (2,088,161) (19,271) (2,068,890)        
Net income (loss) $ (53,682,905) (53,682,905) (558,718) (55,313,097)   805,000 765,160 618,750
Balances, ending at Dec. 31, 2020   47,947,559 $ (258,538) $ (54,399,898)   37,766,531 36,461,955 28,377,509
Balances, units, ending at Dec. 31, 2020     161,904 16,028,447 4,364,610      
Balances, beginning at Dec. 31, 2019   105,558,317 $ 315,959 $ 2,636,363   37,766,531 36,461,955 28,377,509
Balances, units, beginning at Dec. 31, 2019     160,006 15,840,512 4,364,610      
Redemption of partnership units, number of units 0              
Balances, ending at Dec. 31, 2021   19,660,102 $ (469,805) $ (75,315,469)   35,420,784 32,474,760 27,549,832
Balances, units, ending at Dec. 31, 2021     185,748 18,389,030 4,059,610      
Balances, beginning at Dec. 31, 2020   47,947,559 $ (258,538) $ (54,399,898)   37,766,531 36,461,955 28,377,509
Balances, units, beginning at Dec. 31, 2020     161,904 16,028,447 4,364,610      
Issuance of partnership units   444,766 $ 4,448 $ 440,318        
Issuance of partnership units, number of units     1,513 149,768        
Amortization of restricted units award $ 72,780 72,780 $ 728 $ 72,052        
Unit based compensation   (417,082) (4,171) (412,911)        
Extinguishment of preferred units 151,719 151,719 $ 73,124 $ 7,239,214   (2,345,747) (3,987,195) (827,677)
Extinguishment of preferred units, shares     22,331 2,210,815 (305,000)      
Net income (loss) (28,539,640) (28,539,640) $ (285,396) $ (28,254,244)        
Balances, ending at Dec. 31, 2021   19,660,102 $ (469,805) $ (75,315,469)   $ 35,420,784 32,474,760 27,549,832
Balances, units, ending at Dec. 31, 2021     185,748 18,389,030 4,059,610      
Issuance of partnership units   798,686 $ 7,987 $ 790,699        
Issuance of partnership units, number of units     3,951 391,135        
Amortization of restricted units award 72,780 72,780 $ 728 $ 72,052        
Unit based compensation   (379,688) (5,025) (374,663)        
Extinguishment of preferred units 59,521 59,521 $ 20,495 $ 2,063,637     (902,982) (44,931)
Extinguishment of preferred units, shares     8,068 798,781 (86,300) (1,076,698)    
Net income (loss) $ 33,959,848 33,959,848 $ 339,598 $ 33,620,250        
Balances, ending at Dec. 31, 2022   $ 54,171,249 $ 106,022 $ (39,143,494)   $ 34,344,086 $ 31,571,778 $ 27,504,901
Balances, units, ending at Dec. 31, 2022     197,767 19,578,946 3,973,310