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Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Investment in hotel properties, net $ 446,839,580 $ 435,725,814
Cash and cash equivalents 30,059,697 33,792,773
Restricted cash 5,192,730 4,075,508
Accounts receivable, net 6,298,119 6,766,696
Accounts receivable - affiliate 86,663 262,572
Prepaid expenses, inventory and other assets 5,494,165 5,262,884
Favorable lease assets, net   2,465,421
Deferred income taxes 4,679,010 5,131,179
TOTAL ASSETS 498,649,964 493,482,847
LIABILITIES    
Mortgage loans, net 360,549,890 364,828,845
Unsecured notes, net   23,894,658
Accounts payable and accrued liabilities 24,308,930 16,268,096
Advance deposits 2,397,095 2,815,283
Dividends and distributions payable 4,210,494 3,409,593
TOTAL LIABILITIES 391,466,409 411,216,475
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 September 30, 2019 and December 31, 2018, respectively. 142,223 142,093
Additional paid-in capital 180,415,231 147,085,112
Unearned ESOP shares (4,175,564) (4,379,742)
Distributions in excess of retained earnings (68,687,461) (61,052,418)
Total Sotherly Hotels Inc. stockholders’ equity 107,738,075 81,824,666
Noncontrolling interest (554,520) 441,706
TOTAL EQUITY 107,183,555 82,266,372
TOTAL LIABILITIES AND EQUITY 498,649,964 493,482,847
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 446,839,580 435,725,814
Cash and cash equivalents 30,059,697 33,792,773
Restricted cash 5,192,730 4,075,508
Accounts receivable, net 6,298,119 6,766,696
Accounts receivable - affiliate 86,663 262,572
Loan receivable - affiliate 4,270,679 4,446,410
Prepaid expenses, inventory and other assets 5,494,165 5,262,884
Favorable lease assets, net   2,465,421
Deferred income taxes 4,679,010 5,131,179
TOTAL ASSETS 502,920,643 497,929,257
LIABILITIES    
Mortgage loans, net 360,549,890 364,828,845
Unsecured notes, net   23,894,658
Accounts payable and accrued liabilities 24,308,930 16,268,100
Advance deposits 2,397,095 2,815,283
Dividends and distributions payable 4,268,977 3,466,136
TOTAL LIABILITIES 391,524,892 411,273,022
Commitments and contingencies (See Note 6)
PARTNERS’ CAPITAL    
General Partner: 160,006 units and 159,876 units issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 375,888 452,165
Limited Partners: 15,840,512 units and 15,827,642 units issued and outstanding as of June 30, 2019 and December 31, 2018, respectively 8,521,077 16,943,816
TOTAL PARTNERS’ CAPITAL 111,395,751 86,656,235
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 502,920,643 497,929,257
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]    
PARTNERS’ CAPITAL    
Preferred units, 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, 11,000,000 units authorized; 36,354,736 31,493,723
Sotherly Hotels LP [Member] | 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]    
PARTNERS’ CAPITAL    
Preferred units, 11,000,000 units authorized; 28,377,519  
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; 15,546 $ 13,521
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]    
Sotherly Hotels Inc. stockholders’ equity    
Preferred stock, $0.01 par value, 11,000,000 shares authorized; $ 12,000