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Consolidated Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Investment in hotel properties, net $ 441,261,072 $ 435,725,814
Cash and cash equivalents 29,004,070 33,792,773
Restricted cash 4,407,557 4,075,508
Accounts receivable, net 10,346,796 6,766,696
Accounts receivable - affiliate 237,710 262,572
Prepaid expenses, inventory and other assets 5,688,031 5,262,884
Favorable lease assets, net   2,465,421
Deferred income taxes 4,846,500 5,131,179
TOTAL ASSETS 495,791,736 493,482,847
LIABILITIES    
Mortgage loans, net 363,636,230 364,828,845
Unsecured notes, net 24,025,056 23,894,658
Accounts payable and accrued liabilities 23,714,256 16,268,096
Advance deposits 2,351,972 2,815,283
Dividends and distributions payable 3,414,285 3,409,593
TOTAL LIABILITIES 417,141,799 411,216,475
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
Common stock, par value $0.01, 49,000,000 shares authorized, 14,222,378 shares and 14,209,378 shares issued and outstanding at March 31, 2019 and December 31, 2018, respectively 142,223 142,093
Additional paid-in capital 147,184,199 147,085,112
Unearned ESOP shares (4,312,508) (4,379,742)
Distributions in excess of retained earnings (64,406,087) (61,052,418)
Total Sotherly Hotels Inc. stockholders’ equity 78,637,448 81,824,666
Noncontrolling interest 12,489 441,706
TOTAL EQUITY 78,649,937 82,266,372
TOTAL LIABILITIES AND EQUITY 495,791,736 493,482,847
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 441,261,072 435,725,814
Cash and cash equivalents 29,004,070 33,792,773
Restricted cash 4,407,557 4,075,508
Accounts receivable, net 10,346,796 6,766,696
Accounts receivable - affiliate 237,710 262,572
Loan receivable - affiliate 4,390,122 4,446,410
Prepaid expenses, inventory and other assets 5,688,031 5,262,884
Favorable lease assets, net   2,465,421
Deferred income taxes 4,846,500 5,131,179
TOTAL ASSETS 500,181,858 497,929,257
LIABILITIES    
Mortgage loans, net 363,636,230 364,828,845
Unsecured notes, net 24,025,056 23,894,658
Accounts payable and accrued liabilities 23,714,256 16,268,100
Advance deposits 2,351,972 2,815,283
Dividends and distributions payable 3,470,572 3,466,136
TOTAL LIABILITIES 417,198,086 411,273,022
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 417,663 452,165
Limited Partners: 15,740,228 units and 15,698,401 units issued and outstanding as of June 30, 2018 and December 31, 2017, respectively 13,305,855 16,943,816
TOTAL PARTNERS’ CAPITAL 82,983,772 86,656,235
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 500,181,858 497,929,257
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; 31,493,723 31,493,723
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; $ 13,521 $ 13,521