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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:              
Net income $ 2,068,746 $ (390,205) $ (1,981,780) $ 1,176,488 $ 2,827,859 $ 2,162,293  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization 4,980,168   4,547,043   16,117,278 15,783,174  
Amortization of deferred financing costs         650,638 598,142  
Amortization of mortgage premium         (18,511) (18,511)  
Gain on exercise of development right (3,940,000)       (3,940,000)    
Gain on involuntary conversion of assets (130,569)   0   (291,902) (898,565)  
Unrealized loss (gain) on hedging activities 226,491   (123,443)   1,554,924 (141,970)  
Loss (gain) on disposal of assets         32,088 (3,816)  
Loss on early extinguishment of debt     753,133   1,152,356 753,133  
ESOP and share / unit - based compensation         309,920 313,540  
Changes in assets and liabilities:              
Accounts receivable         468,577 (1,942,179)  
Prepaid expenses, inventory and other assets         (1,395,457) 1,045,824  
Deferred income taxes         452,169 750,739  
Accounts payable and other accrued liabilities         4,211,459 3,006,385  
Advance deposits         (418,188) 566,621  
Accounts receivable - affiliate         175,909 (8,959)  
Net cash provided by operating activities         21,889,119 21,965,851  
Cash flows from investing activities:              
Acquisitions of hotel properties         (6,346,378) (79,732,716)  
Improvements and additions to hotel properties         (10,846,325) (18,497,781)  
Proceeds from involuntary conversion         291,902 898,565  
Proceeds from the disposal of assets         4,934 7,555  
Net cash used in investing activities         (16,895,867) (97,324,377)  
Cash flows from financing activities:              
Proceeds of mortgage debt           145,795,332  
Proceeds of unsecured debt           25,000,000  
Proceeds from issuance of common stock, net           577,661  
Proceeds from issuance of preferred stock, net         33,238,532 1,188,066  
Redemption of unsecured notes         (25,250,000)    
Payments on mortgage loans         (4,582,990) (75,346,629)  
Payments of deferred financing costs         (106,950) (3,669,192)  
Dividends on common stock and distributions paid         (5,994,302) (5,318,695)  
Preferred dividends paid         (4,913,396) (4,256,328)  
Net cash (used in) provided by financing activities         (7,609,106) 83,970,215  
Net (decrease) increase in cash, cash equivalents and restricted cash         (2,615,854) 8,611,689  
Cash, cash equivalents and restricted cash at the beginning of the period   37,868,281   33,429,042 37,868,281 33,429,042 $ 33,429,042
Cash, cash equivalents and restricted cash at the end of the period 35,252,427   42,040,731   35,252,427 42,040,731 37,868,281
Supplemental disclosures:              
Cash paid during the period for interest         13,995,139 12,859,556  
Cash paid (received) during the period for income taxes         (46,695) 278,720  
Non-cash investing and financing activities:              
Deficiency of fair value of interest rate swap to cost           294,176  
Change in amount of improvements to hotel property in accounts payable and accrued liabilities         335,331 251,195  
Exercise of development right         3,940,000    
Sotherly Hotels LP [Member]              
Cash flows from operating activities:              
Net income 2,068,746 (390,205) (1,981,780) 1,176,488 2,827,859 2,162,293  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation and amortization 4,980,168   4,547,043   16,117,278 15,783,174  
Amortization of deferred financing costs         650,638 598,142  
Amortization of mortgage premium         (18,511) (18,511)  
Gain on exercise of development right (3,940,000)       (3,940,000)    
Gain on involuntary conversion of assets (130,569)       (291,902) (898,565)  
Unrealized loss (gain) on hedging activities 226,491   (123,443)   1,554,924 (141,970)  
Loss (gain) on disposal of assets         32,088 (3,816)  
Loss on early extinguishment of debt     753,133   1,152,356 753,133  
ESOP and share / unit - based compensation         467,924 335,531  
Changes in assets and liabilities:              
Accounts receivable         468,577 (1,942,179)  
Prepaid expenses, inventory and other assets         (1,395,457) 1,045,824  
Deferred income taxes         452,169 750,739  
Accounts payable and other accrued liabilities         4,211,459 3,006,385  
Advance deposits         (418,188) 566,621  
Accounts receivable - affiliate         175,909 (8,959)  
Net cash provided by operating activities         22,047,123 21,987,842  
Cash flows from investing activities:              
Acquisitions of hotel properties         (6,346,378) (79,732,716)  
Improvements and additions to hotel properties         (10,846,325) (18,497,781)  
ESOP loan payments received         175,731 148,016  
Proceeds from involuntary conversion         291,902 898,565  
Proceeds from the disposal of assets         4,934 7,555  
Net cash used in investing activities         (16,720,136) (97,176,361)  
Cash flows from financing activities:              
Proceeds of mortgage debt           145,795,332  
Proceeds of unsecured debt           25,000,000  
Proceeds from issuance of general and limited partnership units, net           577,661  
Proceeds from issuance of preferred partnership units, net         33,238,532 1,188,066  
Redemption of unsecured notes         (25,250,000)    
Payments on mortgage loans         (4,582,990) (75,346,629)  
Payments of deferred financing costs         (106,950) (3,669,192)  
Distributions on general and limited partnership interests         (6,328,037) (5,488,702)  
Distributions on preferred partnership interests         (4,913,396) (4,256,328)  
Net cash (used in) provided by financing activities         (7,942,841) 83,800,208  
Net (decrease) increase in cash, cash equivalents and restricted cash         (2,615,854) 8,611,689  
Cash, cash equivalents and restricted cash at the beginning of the period   $ 37,868,281   $ 33,429,042 37,868,281 33,429,042 33,429,042
Cash, cash equivalents and restricted cash at the end of the period $ 35,252,427   $ 42,040,731   35,252,427 42,040,731 $ 37,868,281
Supplemental disclosures:              
Cash paid during the period for interest         13,993,340 12,859,556  
Cash paid (received) during the period for income taxes         (46,695) 278,720  
Non-cash investing and financing activities:              
Deficiency of fair value of interest rate swap to cost           294,176  
Change in amount of improvements to hotel property in accounts payable and accrued liabilities         335,331 $ 251,195  
Exercise of development right         $ 3,940,000