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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
REVENUE        
Rooms department $ 24,132,181 $ 22,240,896 $ 71,819,966 $ 65,110,333
Food and beverage department 7,556,969 7,643,454 23,889,092 22,915,192
Other operating departments 2,252,725 1,880,103 6,073,555 5,089,017
Total revenue 33,941,875 31,764,453 101,782,613 93,114,542
Hotel operating expenses        
Rooms department 6,657,947 6,175,342 18,998,964 17,205,451
Food and beverage department 5,562,404 5,417,434 16,668,025 15,424,254
Other operating departments 491,751 327,942 1,192,917 864,949
Indirect 13,245,062 12,190,045 37,046,275 33,863,830
Total hotel operating expenses 25,957,164 24,110,763 73,906,181 67,358,484
Depreciation and amortization 3,374,209 3,472,760 9,583,506 8,896,057
Loss on disposal of assets 207,235   201,835  
Corporate general and administrative 2,437,428 1,039,318 5,379,032 3,738,314
Total operating expenses 31,976,036 28,622,841 89,070,554 79,992,855
NET OPERATING INCOME 1,965,839 3,141,612 12,712,059 13,121,687
Other income (expense)        
Interest expense (4,245,679) (3,994,261) (11,860,649) (10,803,127)
Interest income 15,480 6,630 40,888 13,785
Equity income (loss) in joint venture 8,173 (156,165) 506,890 248,803
Loss on early debt extinguishment (74,824)   (772,907)  
Unrealized loss on hedging activities (106,808)   (106,808)  
Gain on change in control 6,560,958   6,560,958  
Gain on involuntary conversion of asset     32,433  
Net income (loss) before income taxes 4,123,139 (1,002,184) 7,112,864 2,581,148
Income tax (provision) benefit 513,505 722,170 (3,255) 893,706
Net income (loss) 4,636,644 (280,014) 7,109,609 3,474,854
Less: Net (income) loss attributable to the noncontrolling interest (764,250) 65,112 (1,230,773) (740,065)
Net income (loss) attributable to the Company $ 3,872,394 $ (214,902) $ 5,878,836 $ 2,734,789
Net income (loss) per share attributable to the Company        
Basic and diluted $ 0.27 $ (0.02) $ 0.49 $ 0.27
Weighted average number of shares outstanding        
Basic and diluted 14,247,671 10,353,988 11,884,110 10,311,595
Sotherly Hotels LP [Member]        
REVENUE        
Rooms department $ 24,132,181 $ 22,240,896 $ 71,819,966 $ 65,110,333
Food and beverage department 7,556,969 7,643,454 23,889,092 22,915,192
Other operating departments 2,252,725 1,880,103 6,073,555 5,089,017
Total revenue 33,941,875 31,764,453 101,782,613 93,114,542
Hotel operating expenses        
Rooms department 6,657,947 6,175,342 18,998,964 17,205,451
Food and beverage department 5,562,404 5,417,434 16,668,025 15,424,254
Other operating departments 491,751 327,942 1,192,917 864,949
Indirect 13,245,062 12,190,045 37,046,275 33,863,830
Total hotel operating expenses 25,957,164 24,110,763 73,906,181 67,358,484
Depreciation and amortization 3,374,209 3,472,760 9,583,506 8,896,057
Loss on disposal of assets 207,235   201,835  
Corporate general and administrative 2,437,428 1,039,318 5,379,032 3,738,314
Total operating expenses 31,976,036 28,622,841 89,070,554 79,992,855
NET OPERATING INCOME 1,965,839 3,141,612 12,712,059 13,121,687
Other income (expense)        
Interest expense (4,245,679) (3,994,261) (11,860,649) (10,803,127)
Interest income 15,480 6,630 40,888 13,785
Equity income (loss) in joint venture 8,173 (156,165) 506,890 248,803
Loss on early debt extinguishment (74,824)   (772,907)  
Unrealized loss on hedging activities (106,808)   (106,808)  
Gain on change in control 6,560,958   6,560,958  
Gain on involuntary conversion of asset     32,433  
Net income (loss) before income taxes 4,123,139 (1,002,184) 7,112,864 2,581,148
Income tax (provision) benefit 513,505 722,170 (3,255) 893,706
Net income (loss) $ 4,636,644 $ (280,014) $ 7,109,609 $ 3,474,854
Net income (loss) per share attributable to the Company        
Basic and diluted $ 0.28 $ (0.02) $ 0.50 $ 0.27
Weighted average number of shares outstanding        
Basic and diluted 16,615,889 13,108,115 14,328,893 13,101,986