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Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Investment in hotel properties, net $ 423,680,858 $ 427,824,585
Cash and cash equivalents 21,087,141 25,297,771
Restricted cash 11,893,733 10,002,775
Accounts receivable, net 3,494,017 1,779,776
Accounts receivable - affiliate 193,096 401,924
Prepaid expenses, inventory and other assets 8,283,930 7,726,980
TOTAL ASSETS 468,632,775 473,033,811
LIABILITIES    
Mortgage loans, net 356,536,623 357,545,977
Secured notes, net 18,801,454 18,694,355
Unsecured notes, net 10,719,100 10,719,100
Accounts payable and accrued liabilities 39,769,291 35,631,931
Advance deposits 1,418,509 1,964,073
Dividends and distributions payable 4,277,070 4,277,070
TOTAL LIABILITIES 431,522,047 428,832,506
Commitments and contingencies (See Note 5)
Sotherly Hotels Inc. stockholders’ equity    
Common stock, par value $0.01, 69,000,000 shares authorized, 15,175,231 shares issued and outstanding at March 31, 2021 and 15,023,850 shares issued and outstanding at December 31, 2020. 151,752 150,238
Additional paid-in capital 180,616,728 180,189,699
Unearned ESOP shares (3,580,087) (3,636,026)
Distributions in excess of retained earnings (134,073,574) (127,197,489)
Total Sotherly Hotels Inc. stockholders’ equity 43,158,465 49,550,068
Noncontrolling interest (6,047,737) (5,348,763)
TOTAL EQUITY 37,110,728 44,201,305
TOTAL LIABILITIES AND EQUITY 468,632,775 473,033,811
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 423,680,858 427,824,585
Cash and cash equivalents 21,087,141 25,297,771
Restricted cash 11,893,733 10,002,775
Accounts receivable, net 3,494,017 1,779,776
Accounts receivable - affiliate 193,096 401,924
Loan receivable - affiliate 3,680,023 3,746,254
Prepaid expenses, inventory and other assets 8,283,930 7,726,980
TOTAL ASSETS 472,312,798 476,780,065
LIABILITIES    
Mortgage loans, net 356,536,623 357,545,977
Secured notes, net 18,801,454 18,694,355
Unsecured notes, net 10,719,100 10,719,100
Accounts payable and accrued liabilities 39,769,291 35,631,931
Advance deposits 1,418,509 1,964,073
Dividends and distributions payable 4,277,070 4,277,070
TOTAL LIABILITIES 431,522,047 428,832,506
Commitments and contingencies (See Note 5)
PARTNERS' CAPITAL    
General Partner:160,629 units and 160,006 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively. (330,106) (258,538)
Limited Partners: 15,902,140 units and 15,790,512 units issued and outstanding as of September 30, 2020 and December 31, 2019, respectively. (61,485,138) (54,399,898)
TOTAL PARTNERS' CAPITAL 40,790,751 47,947,559
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 472,312,798 476,780,065
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