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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Investment in hotel properties, net $ 354,963,242 $ 260,192,153
Investment in joint venture   1,982,107
Cash and cash equivalents 11,493,914 16,634,499
Restricted cash 5,793,840 6,621,864
Accounts receivable, net 4,071,175 1,908,762
Accounts receivable-affiliate 226,552 197,674
Loan proceeds receivable 2,600,711  
Prepaid expenses, inventory and other assets 4,432,431 3,334,401
Deferred income taxes 5,390,374 3,543,295
Deferred financing costs, net 4,086,114 5,405,288
TOTAL ASSETS 393,058,353 299,820,043
LIABILITIES    
Mortgage loans 271,977,944 205,291,657
Unsecured notes 52,900,000 52,900,000
Accounts payable and accrued expenses 12,334,878 12,044,886
Advance deposits 1,651,840 1,220,729
Dividends and distributions payable 1,335,323 852,914
TOTAL LIABILITIES $ 340,199,985 $ 272,310,186
Commitments and contingencies
Sotherly Hotels Inc. stockholders’ equity    
Preferred stock, par value $0.01, 972,350 shares authorized, 0 shares issued and outstanding
Common stock, par value $0.01, 49,000,000 shares authorized, 14,490,714 shares and 10,570,932 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively $ 144,907 $ 105,709
Additional paid in capital 82,749,058 58,659,799
Distributions in excess of retained earnings (33,890,834) (35,388,313)
Total Sotherly Hotels Inc. stockholders’ equity 49,003,131 23,377,195
Noncontrolling interest 3,855,237 4,132,662
TOTAL EQUITY 52,858,368 27,509,857
TOTAL LIABILITIES AND OWNERS' EQUITY 393,058,353 299,820,043
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 354,963,242 260,192,153
Investment in joint venture   1,982,107
Cash and cash equivalents 11,493,914 16,634,499
Restricted cash 5,793,840 6,621,864
Accounts receivable, net 4,071,175 1,908,762
Accounts receivable-affiliate 226,552 197,674
Loan proceeds receivable 2,600,711  
Prepaid expenses, inventory and other assets 4,432,431 3,334,401
Deferred income taxes 5,390,374 3,543,295
Deferred financing costs, net 4,086,114 5,405,288
TOTAL ASSETS 393,058,353 299,820,043
LIABILITIES    
Mortgage loans 271,977,944 205,291,657
Unsecured notes 52,900,000 52,900,000
Accounts payable and accrued expenses 12,334,878 12,044,886
Advance deposits 1,651,840 1,220,729
Dividends and distributions payable 1,335,323 852,914
TOTAL LIABILITIES $ 340,199,985 $ 272,310,186
Commitments and contingencies
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND OWNERS' EQUITY $ 393,058,353 $ 299,820,043
PARTNERS’ CAPITAL    
General Partner: 166,915 and 131,218 units issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 774,295 520,791
Limited Partners: 16,524,626 and 12,990,541 units issued and outstanding as of December 31, 2015 and December 31, 2014, respectively 52,084,073 26,989,066
TOTAL PARTNERS’ CAPITAL $ 52,858,368 $ 27,509,857