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Consolidated Balance Sheets - USD ($)
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Investment in hotel properties, net $ 355,997,751 $ 348,593,912
Investment in hotel properties held for sale, net   5,333,000
Cash and cash equivalents 21,743,744 31,766,775
Restricted cash 4,644,532 4,596,145
Accounts receivable, net 5,601,922 4,127,748
Accounts receivable-affiliate 475,537 4,175
Prepaid expenses, inventory and other assets 5,662,512 4,648,469
Deferred income taxes 6,831,290 6,949,340
TOTAL ASSETS 400,957,288 406,019,564
LIABILITIES    
Mortgage loans, net 279,269,154 282,708,289
Unsecured notes, net 24,392,721 24,308,713
Accounts payable and accrued liabilities 14,445,106 12,970,960
Advance deposits 3,405,606 2,315,787
Dividends and distributions payable 2,430,869 2,376,527
TOTAL LIABILITIES 323,943,456 324,680,276
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
8% Series B cumulative redeemable perpetual preferred stock, par value $0.01, 11,000,000 shares authorized, liquidation preference $25 per share, 1,610,000 shares issued and outstanding at March 31, 2017 and December 31, 2016 16,100 16,100
Common stock, par value $0.01, 49,000,000 shares authorized, 13,798,051 shares and 14,468,551 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively 137,980 144,685
Additional paid-in capital 118,495,927 118,395,082
Unearned ESOP Shares (4,874,758)  
Distributions in excess of retained earnings (39,142,720) (39,545,754)
Total Sotherly Hotels Inc. stockholders’ equity 74,632,529 79,010,113
Noncontrolling interest 2,381,303 2,329,175
TOTAL EQUITY 77,013,832 81,339,288
TOTAL LIABILITIES AND EQUITY 400,957,288 406,019,564
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 355,997,751 348,593,912
Investment in hotel properties held for sale, net   5,333,000
Cash and cash equivalents 21,743,744 31,766,775
Restricted cash 4,644,532 4,596,145
Accounts receivable, net 5,601,922 4,127,748
Accounts receivable-affiliate 495,463 4,175
Loan receivable - affiliate 4,874,758  
Prepaid expenses, inventory and other assets 5,662,512 4,648,469
Deferred income taxes 6,831,290 6,949,340
TOTAL ASSETS 405,851,972 406,019,564
LIABILITIES    
Mortgage loans, net 279,269,154 282,708,289
Unsecured notes, net 24,392,721 24,308,713
Accounts payable and accrued liabilities 14,445,106 12,970,960
Advance deposits 3,405,606 2,315,787
Dividends and distributions payable 2,430,869 2,376,527
TOTAL LIABILITIES 323,943,456 324,680,276
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 405,851,972 406,019,564
PARTNERS’ CAPITAL    
8% Series B Cumulative Redeemable Perpetual Preferred units, liquidation preference $25 per unit, 1,610,000 units issued and outstanding at March 31, 2017 and December 31, 2016 37,766,531 37,766,531
General Partner: 162,587 units and 162,467 units issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 695,131 681,389
Limited Partners: 16,096,104 units and 16,084,224 units issued and outstanding as of March 31, 2017 and December 31, 2016, respectively 43,446,854 42,891,368
TOTAL PARTNERS’ CAPITAL $ 81,908,516 $ 81,339,288