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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (40,672,548) $ 2,827,859
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 14,935,733 16,117,278
Amortization of deferred financing costs 427,269 650,638
Amortization of mortgage premium (18,511) (18,511)
Gain on exercise of development right   (3,940,000)
Gain on involuntary conversion of assets (40,125) (291,902)
Unrealized loss on hedging activities 1,385,041 1,554,924
Loss on disposal of assets 136,563 32,088
Loss on early extinguishment of debt   1,152,356
ESOP and stock / unit - based compensation 193,998 309,920
Changes in assets and liabilities:    
Accounts receivable 3,375,249 468,577
Prepaid expenses, inventory and other assets (3,664,500) (1,395,457)
Deferred income taxes 5,412,084 452,169
Accounts payable and other accrued liabilities 14,324,726 4,211,459
Advance deposits (1,423,813) (418,188)
Accounts receivable - affiliate (46,549) 175,909
Net cash (used in) provided by operating activities (5,675,383) 21,889,119
Cash flows from investing activities:    
Acquisitions of hotel properties   (6,346,378)
Improvements and additions to hotel properties (3,656,991) (10,846,325)
Proceeds from involuntary conversion 40,125 291,902
Proceeds from the disposal of assets   4,934
Net cash used in investing activities (3,616,866) (16,895,867)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock, net   33,238,532
Proceeds from unsecured notes 10,719,100  
Redemption of unsecured notes   (25,250,000)
Payments on mortgage loans (1,948,989) (4,582,990)
Payments of deferred financing costs (90,702) (106,950)
Dividends on common stock and distributions paid (2,000,418) (5,994,302)
Preferred dividends paid (2,188,910) (4,913,396)
Net cash provided by (used in) financing activities 4,490,081 (7,609,106)
Net decrease in cash, cash equivalents and restricted cash (4,802,168) (2,615,854)
Cash, cash equivalents and restricted cash at the beginning of the period 27,984,236 37,868,281
Cash, cash equivalents and restricted cash at the end of the period 23,182,068 35,252,427
Supplemental disclosures:    
Cash paid during the period for interest 6,754,085 13,995,139
Cash paid (received) during the period for income taxes 122,782 (46,695)
Non-cash investing and financing activities:    
Change in amount of improvements to hotel property in accounts payable and accrued liabilities 300,050 335,331
Sotherly Hotels LP [Member]    
Cash flows from operating activities:    
Net (loss) income (40,672,548) 2,827,859
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:    
Depreciation and amortization 14,935,733 16,117,278
Amortization of deferred financing costs 427,269 650,638
Amortization of mortgage premium (18,511) (18,511)
Gain on exercise of development right   (3,940,000)
Gain on involuntary conversion of assets (40,125) (291,902)
Unrealized loss on hedging activities 1,385,041 1,554,924
Loss on disposal of assets 136,563 32,088
Loss on early extinguishment of debt   1,152,356
ESOP and stock / unit - based compensation 164,215 467,924
Changes in assets and liabilities:    
Accounts receivable 3,375,249 468,577
Prepaid expenses, inventory and other assets (3,664,500) (1,395,457)
Deferred income taxes 5,412,084 452,169
Accounts payable and other accrued liabilities 14,324,726 4,211,459
Advance deposits (1,423,813) (418,188)
Accounts receivable - affiliate (46,549) 175,909
Net cash (used in) provided by operating activities (5,705,166) 22,047,123
Cash flows from investing activities:    
Acquisitions of hotel properties   (6,346,378)
Improvements and additions to hotel properties (3,656,991) (10,846,325)
ESOP loan payments received 160,358 175,731
Proceeds from involuntary conversion 40,125 291,902
Proceeds from the disposal of assets   4,934
Net cash used in investing activities (3,456,508) (16,720,136)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock, net   33,238,532
Proceeds from unsecured notes 10,719,100  
Redemption of unsecured notes   (25,250,000)
Payments on mortgage loans (1,948,989) (4,582,990)
Payments of deferred financing costs (90,702) (106,950)
Distributions on general and limited partnership interests (2,130,993) (6,328,037)
Distributions on preferred partnership interests (2,188,910) (4,913,396)
Net cash provided by (used in) financing activities 4,359,506 (7,942,841)
Net decrease in cash, cash equivalents and restricted cash (4,802,168) (2,615,854)
Cash, cash equivalents and restricted cash at the beginning of the period 27,984,236 37,868,281
Cash, cash equivalents and restricted cash at the end of the period 23,182,068 35,252,427
Supplemental disclosures:    
Cash paid during the period for interest 6,751,870 13,993,340
Cash paid (received) during the period for income taxes 122,782 (46,695)
Non-cash investing and financing activities:    
Change in amount of improvements to hotel property in accounts payable and accrued liabilities $ 300,050 $ 335,331