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Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Investment in hotel properties, net $ 357,466,632 $ 348,593,912
Investment in hotel properties held for sale, net   5,333,000
Cash and cash equivalents 34,438,950 31,766,775
Restricted cash 4,617,495 4,596,145
Accounts receivable, net 3,287,118 4,127,748
Accounts receivable - affiliate 563,905 4,175
Prepaid expenses, inventory and other assets 5,927,753 4,648,469
Deferred income taxes 6,691,344 6,949,340
TOTAL ASSETS 412,993,197 406,019,564
LIABILITIES    
Mortgage loans, net 294,437,781 282,708,289
Unsecured notes, net 24,476,728 24,308,713
Accounts payable and accrued liabilities 13,468,659 12,970,960
Advance deposits 2,270,227 2,315,787
Dividends and distributions payable 2,442,283 2,376,527
TOTAL LIABILITIES 337,095,678 324,680,276
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
8% Series B cumulative redeemable perpetual preferred stock, par value $0.01, 11,000,000 shares authorized, liquidation preference $25 per share, 1,610,000 shares issued and outstanding at June 30, 2017 and December 31, 2016 16,100 16,100
Common stock, par value $0.01, 49,000,000 shares authorized, 13,815,035 shares and 14,468,551 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively 138,150 144,685
Additional paid-in capital 118,497,398 118,395,082
Unearned ESOP shares (4,753,453)  
Distributions in excess of retained earnings (40,229,144) (39,545,754)
Total Sotherly Hotels Inc. stockholders’ equity 73,669,051 79,010,113
Noncontrolling interest 2,228,468 2,329,175
TOTAL EQUITY 75,897,519 81,339,288
TOTAL LIABILITIES AND EQUITY 412,993,197 406,019,564
Sotherly Hotels LP [Member]    
ASSETS    
Investment in hotel properties, net 357,466,632 348,593,912
Investment in hotel properties held for sale, net   5,333,000
Cash and cash equivalents 34,438,950 31,766,775
Restricted cash 4,617,495 4,596,145
Accounts receivable, net 3,287,118 4,127,748
Accounts receivable - affiliate 563,905 4,175
Loan receivable - affiliate 4,744,079  
Prepaid expenses, inventory and other assets 5,927,753 4,648,469
Deferred income taxes 6,691,344 6,949,340
TOTAL ASSETS 417,737,276 406,019,564
LIABILITIES    
Mortgage loans, net 294,437,781 282,708,289
Unsecured notes, net 24,476,728 24,308,713
Accounts payable and accrued liabilities 13,468,659 12,970,960
Advance deposits 2,270,227 2,315,787
Dividends and distributions payable 2,512,162 2,376,527
TOTAL LIABILITIES 337,165,557 324,680,276
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity    
TOTAL LIABILITIES AND EQUITY 417,737,276 406,019,564
PARTNERS’ CAPITAL    
8% Series B Cumulative Redeemable Perpetual Preferred units, liquidation preference $25 per unit, 1,610,000 units issued and outstanding at June 30, 2017 and December 31, 2016 37,766,531 37,766,531
General Partner: 162,587 units and 162,467 units issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 689,267 681,389
Limited Partners: 16,096,104 units and 16,084,224 units issued and outstanding as of June 30, 2017 and December 31, 2016, respectively 42,115,921 42,891,368
TOTAL PARTNERS’ CAPITAL $ 80,571,719 $ 81,339,288