XML 67 R26.htm IDEA: XBRL DOCUMENT v3.19.3

Acquisition of Hotel Properties (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations And Or Asset Acquisitions [Abstract]

Allocation of Purchase Price Based on Fair Values

The allocation of the respective purchase price is based on fair value as follows:

		Hyatt Centric Arlington				Hyde Beach House
Land and land improvements		$	190,916			$	500
Buildings and improvements			70,369,046				5,564,219
Furniture, fixtures and equipment			6,229,888				347,621
Favorable lease and other intangible assets			3,054,812				—
Investment in hotel properties			79,844,662				5,912,340
Accrued liabilities and other costs			(111,946	)			—
Prepaid expenses, inventory and other    assets			—				434,038
Net cash		$	79,732,716			$	6,346,378

X

- Definition

Business combinations and / or asset acquisitions.

+ References

No definition available.

+ Details

Name:	soho_BusinessCombinationsAndOrAssetAcquisitionsAbstract
Namespace Prefix:	soho_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration