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Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Investment in hotel properties, net $ 437,525,800 $ 357,799,512
Cash and cash equivalents 37,015,264 29,777,845
Restricted cash 5,025,467 3,651,197
Accounts receivable, net 7,822,946 5,587,077
Accounts receivable - affiliate 402,985 394,026
Prepaid expenses, inventory and other assets 6,889,076 7,292,565
Favorable lease assets, net 2,560,245  
Deferred income taxes 4,700,379 5,451,118
TOTAL ASSETS 501,942,162 409,953,340
LIABILITIES    
Mortgage loans, net 366,576,645 297,318,816
Unsecured notes, net 23,765,024  
Accounts payable and accrued liabilities 17,324,207 13,813,623
Advance deposits 2,361,234 1,572,388
Dividends and distributions payable 3,412,239 3,073,483
TOTAL LIABILITIES 413,439,349 315,778,310
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
Common stock, par value $0.01, 49,000,000 shares authorized, 14,209,378 shares and 14,078,831 shares issued and outstanding at September 30, 2018 and December 31, 2017, respectively 142,093 140,788
Additional paid-in capital 148,140,659 146,249,339
Unearned ESOP shares (4,446,975) (4,633,112)
Distributions in excess of retained earnings (55,631,915) (48,765,860)
Total Sotherly Hotels Inc. stockholders’ equity 88,233,467 93,020,255
Noncontrolling interest 269,346 1,154,775
TOTAL EQUITY 88,502,813 94,175,030
TOTAL LIABILITIES AND EQUITY 501,942,162 409,953,340
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 437,525,800 357,799,512
Cash and cash equivalents 37,015,264 29,777,845
Restricted cash 5,025,467 3,651,197
Accounts receivable, net 7,822,946 5,587,077
Accounts receivable - affiliate 402,985 394,026
Loan receivable - affiliate 4,502,953 4,650,969
Prepaid expenses, inventory and other assets 6,889,076 7,292,565
Favorable lease assets, net 2,560,245  
Deferred income taxes 4,700,379 5,451,118
TOTAL ASSETS 506,445,115 414,604,309
LIABILITIES    
Mortgage loans, net 366,576,645 297,318,816
Unsecured notes, net 23,765,024  
Accounts payable and accrued liabilities 17,324,207 13,813,623
Advance deposits 2,361,234 1,572,388
Dividends and distributions payable 3,465,347 3,119,027
TOTAL LIABILITIES 413,492,457 315,823,854
Commitments and contingencies (See Note 6)
PARTNERS’ CAPITAL    
General Partner: 158,993 units and 158,570 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 514,243 586,725
Limited Partners: 15,740,228 units and 15,698,401 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 22,995,158 29,938,539
TOTAL PARTNERS’ CAPITAL 92,952,658 98,780,455
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 506,445,115 414,604,309
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]    
PARTNERS’ CAPITAL    
Preferred units, $0.01 par value, 11,000,000 units authorized; 37,766,531 37,766,531
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]    
PARTNERS’ CAPITAL    
Preferred units, $0.01 par value, 11,000,000 units authorized; 31,676,726 30,488,660
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]    
Sotherly Hotels Inc. stockholders’ equity    
Preferred stock, $0.01 par value, 11,000,000 shares authorized; 16,100 16,100
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]    
Sotherly Hotels Inc. stockholders’ equity    
Preferred stock, $0.01 par value, 11,000,000 shares authorized; $ 13,505 $ 13,000