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Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Investment in hotel properties, net $ 432,180,657 $ 443,267,448
Cash and cash equivalents 15,484,560 23,738,066
Restricted cash 7,697,508 4,246,170
Accounts receivable, net 1,437,230 4,812,479
Accounts receivable - affiliate 148,320 101,771
Prepaid expenses, inventory and other assets 9,260,763 5,648,772
Deferred income taxes   5,412,084
TOTAL ASSETS 466,209,038 487,226,790
LIABILITIES    
Mortgage loans, net 357,002,952 358,633,884
Unsecured notes, net 10,719,100  
Accounts payable and accrued liabilities 36,115,988 20,189,903
Advance deposits 1,361,525 2,785,338
Dividends and distributions payable 4,277,070 4,210,494
TOTAL LIABILITIES 409,476,635 385,819,619
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
Common stock, par value $0.01, 69,000,000 shares authorized, 14,881,267 shares issued and outstanding at September 30, 2020 and 14,272,378 shares issued and outstanding at December 31, 2019. 148,812 142,723
Additional paid-in capital 180,134,597 180,515,861
Unearned ESOP shares (3,917,594) (4,105,637)
Distributions in excess of retained earnings (115,173,422) (73,990,690)
Total Sotherly Hotels Inc. stockholders’ equity 61,236,039 102,605,903
Noncontrolling interest (4,503,636) (1,198,732)
TOTAL EQUITY 56,732,403 101,407,171
TOTAL LIABILITIES AND EQUITY 466,209,038 487,226,790
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 432,180,657 443,267,448
Cash and cash equivalents 15,484,560 23,738,066
Restricted cash 7,697,508 4,246,170
Accounts receivable, net 1,437,230 4,812,479
Accounts receivable - affiliate 148,320 101,771
Loan receivable - affiliate 4,049,272 4,209,630
Prepaid expenses, inventory and other assets 9,260,763 5,648,772
Deferred income taxes   5,412,084
TOTAL ASSETS 470,258,310 491,436,420
LIABILITIES    
Mortgage loans, net 357,002,952 358,633,884
Unsecured notes, net 10,719,100  
Accounts payable and accrued liabilities 36,115,988 20,189,903
Advance deposits 1,361,525 2,785,338
Dividends and distributions payable 4,277,070 4,268,978
TOTAL LIABILITIES 409,476,635 385,878,103
Commitments and contingencies (See Note 6)
PARTNERS' CAPITAL    
General Partner:160,629 units and 160,006 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively. (130,339) 315,959
Limited Partners: 15,902,140 units and 15,790,512 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively. (41,693,981) 2,636,363
TOTAL PARTNERS' CAPITAL 60,781,675 105,558,317
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 470,258,310 491,436,420
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; 36,461,955 36,461,955
Sotherly Hotels LP [Member] | 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]    
PARTNERS' CAPITAL    
Preferred units, 11,000,000 units authorized; 28,377,509 28,377,509
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 15,546
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 $ 12,000