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Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Investment in hotel properties, net $ 372,629,466 $ 375,885,224
Investment in hotel properties held for sale, net 11,806,536 22,870,487
Cash and cash equivalents 20,184,327 13,166,883
Restricted cash 10,137,452 12,411,654
Accounts receivable, net 3,959,215 4,822,187
Prepaid expenses, inventory and other assets 7,129,479 6,894,228
TOTAL ASSETS 425,846,475 436,050,663
LIABILITIES    
Mortgage loans, net 338,831,497 351,170,883
Secured notes, net 19,237,289 19,128,330
Unsecured notes, net 7,609,934 7,609,934
Accounts payable and accrued liabilities 38,087,621 35,960,293
Advance deposits 1,842,634 1,552,942
Dividends and distributions payable 4,114,176 4,125,351
TOTAL LIABILITIES 409,723,151 419,547,733
Commitments and contingencies (See Note 5)
Sotherly Hotels Inc. stockholders’ equity    
Common stock, par value $0.01, 69,000,000 shares authorized, 17,849,101 shares issued and outstanding at March 31, 2022 and 17,441,058 shares issued and outstanding at December 31, 2021. 178,491 174,410
Additional paid-in capital 178,028,889 177,651,954
Unearned ESOP shares (3,032,851) (3,083,398)
Distributions in excess of retained earnings (154,171,027) (153,521,704)
Total Sotherly Hotels Inc. stockholders’ equity 21,043,873 21,261,858
Noncontrolling interest (4,920,549) (4,758,928)
TOTAL EQUITY 16,123,324 16,502,930
TOTAL LIABILITIES AND EQUITY 425,846,475 436,050,663
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 372,629,466 375,885,224
Investment in hotel properties held for sale, net 11,806,536 22,870,487
Cash and cash equivalents 20,184,327 13,166,883
Restricted cash 10,137,452 12,411,654
Accounts receivable, net 3,959,215 4,822,187
Loan receivable - affiliate 3,100,626 3,157,172
Prepaid expenses, inventory and other assets 7,129,479 6,894,228
TOTAL ASSETS 428,947,101 439,207,835
LIABILITIES    
Mortgage loans, net 338,831,497 351,170,883
Secured notes, net 19,237,289 19,128,330
Unsecured notes, net 7,609,934 7,609,934
Accounts payable and accrued liabilities 38,087,621 35,960,293
Advance deposits 1,842,634 1,552,942
Dividends and distributions payable 4,114,176 4,125,351
TOTAL LIABILITIES 409,723,151 419,547,733
Commitments and contingencies (See Note 5)
PARTNERS' CAPITAL    
General Partner: 189,439 units and 185,748 units issued and outstanding as of March 31, 2022 and December 31, 2021, respectively. (470,116) (469,805)
Limited Partners: 18,754,395 units and 18,389,030 units issued and outstanding as of March 31, 2022 and December 31, 2021, respectively. (75,223,549) (75,315,469)
TOTAL PARTNERS' CAPITAL 19,223,950 19,660,102
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 428,947,101 439,207,835
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]    
PARTNERS' CAPITAL    
Preferred units, 11,000,000 units authorized; 35,118,182 35,420,784
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]    
PARTNERS' CAPITAL    
Preferred units, 11,000,000 units authorized; 32,249,601 32,474,760
Sotherly Hotels LP [Member] | 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]    
PARTNERS' CAPITAL    
Preferred units, 11,000,000 units authorized; 27,549,832 27,549,832
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: 14,971 15,100
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: 13,750 13,846
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: $ 11,650 $ 11,650