Sotherly Hotels (SOHO) 10-K 23 Mar 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 10, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	SOHO
Entity Registrant Name	SOTHERLY HOTELS INC.
Entity Central Index Key	1,301,236
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,480,551
Entity Public Float			$ 73,823,253
Sotherly Hotels LP [Member]
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	SOUTHERLY HOTELS LP
Entity Central Index Key	1,301,236
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Investment in hotel properties, net	$ 348,593,912	$ 354,963,242
Investment in hotel properties held for sale, net	5,333,000
Cash and cash equivalents	31,766,775	11,493,914
Restricted cash	4,596,145	5,793,840
Accounts receivable, net	4,127,748	4,071,175
Accounts receivable-affiliate	4,175	226,552
Loan proceeds receivable		2,600,711
Prepaid expenses, inventory and other assets	4,648,469	4,432,431
Deferred income taxes	6,949,340	5,390,374
TOTAL ASSETS	406,019,564	388,972,239
LIABILITIES
Mortgage loans, net	282,708,289	270,331,724
Unsecured notes, net	24,308,713	50,460,106
Accounts payable and accrued expenses	12,970,960	12,334,878
Advance deposits	2,315,787	1,651,840
Dividends and distributions payable	2,376,527	1,335,323
TOTAL LIABILITIES	324,680,276	336,113,871
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 and 0 shares issued and outstanding at December 31, 2016 and 2015, respectively	16,100
Common stock, par value $0.01, 49,000,000 shares authorized, 14,468,551 shares and 14,490,714 shares issued and outstanding at December 31, 2016 and 2015, respectively	144,685	144,907
Additional paid in capital	118,395,082	82,749,058
Distributions in excess of retained earnings	(39,545,754)	(33,890,834)
Total Sotherly Hotels Inc. stockholders’ equity	79,010,113	49,003,131
Noncontrolling interest	2,329,175	3,855,237
TOTAL EQUITY	81,339,288	52,858,368
TOTAL LIABILITIES AND EQUITY	406,019,564	388,972,239
Sotherly Hotels LP [Member]
ASSETS
Investment in hotel properties, net	348,593,912	354,963,242
Investment in hotel properties held for sale, net	5,333,000
Cash and cash equivalents	31,766,775	11,493,914
Restricted cash	4,596,145	5,793,840
Accounts receivable, net	4,127,748	4,071,175
Accounts receivable-affiliate	4,175	226,552
Loan proceeds receivable		2,600,711
Prepaid expenses, inventory and other assets	4,648,469	4,432,431
Deferred income taxes	6,949,340	5,390,374
TOTAL ASSETS	406,019,564	388,972,239
LIABILITIES
Mortgage loans, net	282,708,289	270,331,724
Unsecured notes, net	24,308,713	50,460,106
Accounts payable and accrued expenses	12,970,960	12,334,878
Advance deposits	2,315,787	1,651,840
Dividends and distributions payable	2,376,527	1,335,323
TOTAL LIABILITIES	324,680,276	336,113,871
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity
TOTAL LIABILITIES AND EQUITY	406,019,564	388,972,239
PARTNERS’ CAPITAL
8% Series B Cumulative Redeemable Perpetual Preferred partnership units, liquidation preference $25 per unit, 1,610,000 units and 0 units issued and outstanding at December 31, 2016 and 2015, respectively	37,766,531
General Partner: 162,467 units and 166,915 units issued and outstanding as of December 31, 2016 and 2015, respectively	681,389	774,295
Limited Partners: 16,084,224 units and 16,524,626 units issued and outstanding as of December 31, 2016 and 2015, respectively	42,891,368	52,084,073
TOTAL PARTNERS’ CAPITAL	$ 81,339,288	$ 52,858,368

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Preferred stock, dividend rate percentage	8.00%
Preferred stock, shares authorized	11,000,000
Preferred stock, liquidation preference per share	$ 25
Preferred stock, shares issued	1,610,000	0
Preferred stock, shares outstanding	1,610,000	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	49,000,000	49,000,000
Common stock, shares issued	14,468,551	14,490,714
Common stock, shares outstanding	14,468,551	14,490,714
Sotherly Hotels LP [Member]
General Partner, units issued	162,467	166,915
General Partner, units outstanding	162,467	166,915
Limited Partner, units issued	16,084,224	16,524,626
Limited Partner, units outstanding	16,084,224	16,524,626
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred units, dividend rate percentage	8.00%	8.00%
Preferred units, liquidation preference per units	$ 25	$ 25
Preferred units, issued	1,610,000	0
Preferred units, outstanding	1,610,000	0
8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, dividend rate percentage	8.00%	8.00%
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	11,000,000	11,000,000
Preferred stock, liquidation preference per share	$ 25	$ 25
Preferred stock, shares issued	1,610,000	0
Preferred stock, shares outstanding	1,610,000	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
REVENUE
Rooms department	$ 108,199,151	$ 96,837,386	$ 84,618,889
Food and beverage department	35,384,530	33,273,599	31,444,984
Other operating departments	9,262,071	8,422,491	6,876,046
Total revenue	152,845,752	138,533,476	122,939,919
Hotel operating expenses
Rooms department	28,895,371	25,782,992	22,913,479
Food and beverage department	24,357,248	23,005,629	21,026,202
Other operating departments	2,438,860	1,786,197	1,192,183
Indirect	57,141,692	51,310,292	45,072,491
Total hotel operating expenses	112,833,171	101,885,110	90,204,355
Depreciation and amortization	15,019,071	13,591,495	11,969,284
Impairment of investment in hotel properties, net	0	500,000	3,175,000
Loss (gain) on disposal of assets	365,319	(41,435)
Corporate general and administrative	6,021,065	7,268,256	5,085,949
Total operating expenses	134,238,626	123,203,426	110,434,588
NET OPERATING INCOME	18,607,126	15,330,050	12,505,331
Other income (expense)
Interest expense	(17,735,107)	(16,515,827)	(14,636,870)
Interest income	115,785	50,461	19,865
Equity income in joint venture		475,514	307,370
Loss on early debt extinguishment	(1,417,905)	(772,907)	(831,079)
Unrealized loss on hedging activities	(37,384)	(108,819)
Gain on change in control		6,603,148
Gain on involuntary conversion of asset			169,151
Net income/(loss) before income taxes	(467,485)	5,061,620	(2,466,232)
Income tax benefit	1,367,634	1,336,033	1,727,723
Net income/(loss)	900,149	6,397,653	(738,509)
Less: Net (income)/loss attributable to the noncontrolling interest	26,567	(1,040,987)	153,838
Net income/(loss) attributable to the Company	926,716	5,356,666	(584,671)
Distributions to preferred stockholders	(1,144,889)
Net income/(loss) attributable to common stockholders	$ (218,173)	$ 5,356,666	$ (584,671)
Net income/(loss) per share attributable to the common stockholders/operating partner unit
Basic and diluted	$ (0.01)	$ 0.43	$ (0.06)
Weighted average number of common shares/operating partner units outstanding
Basic and diluted	14,896,994	12,541,117	10,377,125
Sotherly Hotels LP [Member]
REVENUE
Rooms department	$ 108,199,151	$ 96,837,386	$ 84,618,889
Food and beverage department	35,384,530	33,273,599	31,444,984
Other operating departments	9,262,071	8,422,491	6,876,046
Total revenue	152,845,752	138,533,476	122,939,919
Hotel operating expenses
Rooms department	28,895,371	25,782,992	22,913,479
Food and beverage department	24,357,248	23,005,629	21,026,202
Other operating departments	2,438,860	1,786,197	1,192,183
Indirect	57,141,692	51,310,292	45,072,491
Total hotel operating expenses	112,833,171	101,885,110	90,204,355
Depreciation and amortization	15,019,071	13,591,495	11,969,284
Impairment of investment in hotel properties, net		500,000	3,175,000
Loss (gain) on disposal of assets	365,319	(41,435)
Corporate general and administrative	6,021,065	7,268,256	5,085,949
Total operating expenses	134,238,626	123,203,426	110,434,588
NET OPERATING INCOME	18,607,126	15,330,050	12,505,331
Other income (expense)
Interest expense	(17,735,107)	(16,515,827)	(14,636,870)
Interest income	115,785	50,461	19,865
Equity income in joint venture		475,514	307,370
Loss on early debt extinguishment	(1,417,905)	(772,907)	(831,079)
Unrealized loss on hedging activities	(37,384)	(108,819)
Gain on change in control	6,603,148	6,603,148
Gain on involuntary conversion of asset			169,151
Net income/(loss) before income taxes	(467,485)	5,061,620	(2,466,232)
Income tax benefit	1,367,634	1,336,033	1,727,723
Net income/(loss)	900,149	6,397,653	(738,509)
Net income/(loss) attributable to common stockholders	(244,740)	6,397,653	(738,509)
Distributions to preferred unit holders	(1,144,889)
Net income/(loss) attributable to operating partnership unit holders	$ (244,740)	$ 6,397,653	$ (738,509)
Net income/(loss) per share attributable to the common stockholders/operating partner unit
Basic and diluted	$ (0.01)	$ 0.43	$ (0.06)
Weighted average number of common shares/operating partner units outstanding
Basic and diluted	16,710,935	14,924,410	13,107,413

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Total	Series B Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In-Capital [Member]	Distributions in Excess of Retained Earnings [Member]	Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2013	$ 30,854,795		$ 102,069	$ 57,534,113	$ (32,450,773)	$ 5,669,386
Balances, shares, beginning at Dec. 31, 2013			10,206,927
Net income (loss)	(738,509)				(584,671)	(153,838)
Conversion of units in Operating Partnership to shares of common stock			$ 3,100	755,750		(758,850)
Conversion of units in Operating Partnership to shares of common stock, shares			310,000
Redemption of units in Operating Partnership	(25,621)					(25,621)
Issuance of unrestricted common stock awards	147,360		$ 248	147,112
Issuance of unrestricted common stock awards, shares			24,750
Issuance of restricted common stock awards	78,285		$ 120	78,165
Issuance of restricted common stock awards, shares			12,000
Issuance of common stock through ATM offering, net	124,911		$ 172	124,739
Issuance of common stock through ATM offering, net, shares			17,255
Amortization of restricted stock award	19,920			19,920
Dividends and distributions declared	(2,951,284)				(2,352,869)	(598,415)
Balances, ending at Dec. 31, 2014	27,509,857		$ 105,709	58,659,799	35,388,313	4,132,662
Balances, shares, ending at Dec. 31, 2014			10,570,932
Net income (loss)	6,397,653				5,356,666	1,040,987
Conversion of units in Operating Partnership to shares of common stock			$ 3,500	588,162		(591,662)
Conversion of units in Operating Partnership to shares of common stock, shares			350,000
Issuance of unrestricted common stock awards	194,200		$ 264	193,936
Issuance of unrestricted common stock awards, shares			26,350
Issuance of restricted common stock awards	71,858		$ 98	71,760
Issuance of restricted common stock awards, shares			9,750
Issuance of common stock through ATM offering, net	682,208		$ 986	681,222
Issuance of common stock through ATM offering, net, shares			98,682
Issuance of common stock from equity offering	22,568,609		$ 34,350	22,534,259
Issuance of common stock from equity offering, shares			3,435,000
Amortization of restricted stock award	19,920			19,920
Dividends and distributions declared	(4,585,937)				(3,859,187)	(726,750)
Balances, ending at Dec. 31, 2015	52,858,368		$ 144,907	82,749,058	(33,890,834)	3,855,237
Balances, shares, ending at Dec. 31, 2015			14,490,714
Net income (loss)	900,149				926,716	(26,567)
Conversion of units in Operating Partnership to shares of common stock			$ 4,227	843,998		(848,225)
Conversion of units in Operating Partnership to shares of common stock, shares			422,687
Issuance of unrestricted common stock awards	128,282		$ 242	128,040
Issuance of unrestricted common stock awards, shares			24,250
Issuance of restricted common stock awards	63,480		$ 120	63,360
Issuance of restricted common stock awards, shares			12,000
Repurchase of common stock	$ (3,164,536)		$ (4,811)	(3,159,725)
Repurchase of common stock, shares	(481,100)		(481,100)
Issuance of common stock through ATM offering, net	$ 37,766,531	$ 16,100		37,750,431
Issuance of common stock through ATM offering, net, shares		1,610,000
Amortization of restricted stock award	19,920			19,920
Preferred stock dividends declared	(1,144,889)				(1,144,889)
Dividends and distributions declared	(6,088,017)				(5,436,747)	(651,270)
Balances, ending at Dec. 31, 2016	$ 81,339,288	$ 16,100	$ 144,685	$ 118,395,082	$ (39,545,754)	$ 2,329,175
Balances, shares, ending at Dec. 31, 2016		1,610,000	14,468,551

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income (loss)	$ 900,149	$ 6,397,653	$ (738,509)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	15,019,071	13,591,495	11,969,284
Gain on change in control		(6,603,148)
Equity income in joint venture		(475,514)	(307,370)
Impairment of investment in hotel properties	0	500,000	3,175,000
Amortization of deferred financing costs	1,147,864	1,300,032	1,428,674
Amortization of mortgage premium	(24,682)	(18,820)
Unrealized loss on derivative instrument	37,384	108,819
Loss (gain) on disposal of assets	365,319	(41,435)
Loss on early debt extinguishment	1,141,905	772,907
Charges related to equity-based compensation	211,682	285,978	245,565
Changes in assets and liabilities:
Restricted cash	(560,817)	584,926	(92,439)
Accounts receivable	(56,573)	(2,021,825)	369,685
Prepaid expenses, inventory and other assets	(334,063)	(623,980)	(1,677,032)
Deferred income taxes	(1,558,966)	(1,780,571)	(1,961,663)
Accounts payable and other accrued liabilities	(35,188)	(1,001,376)	2,338,688
Advance deposits	663,947	431,111	89,099
Accounts receivable - affiliate	222,377	(28,878)	12,273
Net cash provided by operating activities	17,139,409	11,377,374	14,851,255
Cash flows from investing activities:
Acquisitions of hotel properties		(25,525,754)	(61,106,085)
Improvements and additions to hotel properties	(14,912,677)	(20,136,427)	(9,801,018)
Distributions from joint venture		600,000	750,000
Funding of restricted cash reserves	(5,276,518)	(4,973,602)	(3,692,045)
Proceeds of restricted cash reserves	7,035,029	6,376,459	2,583,419
Proceeds from involuntary conversion of assets		124,609	169,151
Proceeds from the sale of assets	213,400	2,402,113
Net cash used in investing activities	(12,940,766)	(41,132,602)	(71,096,578)
Cash flows from financing activities:
Proceeds of unsecured debt			25,300,000
Proceeds of mortgage debt	102,700,000	127,000,000	48,600,000
Proceeds from mortgage loan receivable	2,600,711
Proceeds from loans			19,000,000
Proceeds from sale of common stock, net		23,250,818	124,911
Proceeds from sale of preferred stock, net	37,766,531
Payments on mortgage loans	(89,619,564)	(120,154,764)	(24,171,892)
Redemption of unsecured notes	(27,600,000)
Repurchase of common stock	(2,061,407)
Payment of deferred financing costs	(1,520,351)	(1,377,882)	(2,637,637)
Dividends and distributions paid	(5,851,813)	(4,103,529)	(2,686,567)
Preferred dividends paid	(339,889)
Redemption of units in Operating Partnership			(25,621)
Net cash provided by financing activities	16,074,218	24,614,643	63,503,194
Net increase (decrease) in cash and cash equivalents	20,272,861	(5,140,585)	7,257,871
Cash and cash equivalents at the beginning of the period	11,493,914	16,634,499	9,376,628
Cash and cash equivalents at the end of the period	31,766,775	11,493,914	16,634,499
Supplemental disclosures:
Cash paid during the period for interest	16,881,223	15,415,695	13,766,824
Cash paid during the period for income taxes	192,965	570,762	263,621
Non-cash investing and financing activities:
Mortgage debt proceeds receivable and related loan costs		2,704,415
Assumption of mortgage loan on Crowne Plaza Hollywood Beach Resort acquisition		57,000,000
Assumption of loan premium on the Crowne Plaza Hollywood Beach Resort assumed loan		246,815
Change in amount of deferred financing and deferred offering cost in accounts payable and accrued liabilities		624,117	375,487
Change in amount of hotel property improvements in accounts payable and accrued liabilities	431,858	601,895	1,108,182
Sotherly Hotels LP [Member]
Cash flows from operating activities:
Net income (loss)	900,149	6,397,653	(738,509)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	15,019,071	13,591,495	11,969,284
Gain on change in control	(6,603,148)	(6,603,148)
Equity income in joint venture		(475,514)	(307,370)
Impairment of investment in hotel properties		500,000	3,175,000
Amortization of deferred financing costs	1,147,864	1,300,032	1,428,674
Amortization of mortgage premium	(24,682)	(18,820)
Unrealized loss on derivative instrument	37,384	108,819
Loss (gain) on disposal of assets	365,319	(41,435)
Loss on early debt extinguishment	1,141,905	772,907
Charges related to equity-based compensation	211,682	285,978	245,565
Changes in assets and liabilities:
Restricted cash	(560,817)	584,926	(92,439)
Accounts receivable	(56,573)	(2,021,825)	369,685
Prepaid expenses, inventory and other assets	(334,063)	(623,980)	(1,677,032)
Deferred income taxes	(1,558,966)	(1,780,571)	(1,961,663)
Accounts payable and other accrued liabilities	(35,188)	(1,001,376)	2,338,688
Advance deposits	663,947	431,111	89,099
Accounts receivable - affiliate	222,377	(28,878)	12,273
Net cash provided by operating activities	17,139,409	11,377,374	14,851,255
Cash flows from investing activities:
Acquisitions of hotel properties		(25,525,754)	(61,106,085)
Improvements and additions to hotel properties	(14,912,677)	(20,136,427)	(9,801,018)
Distributions from joint venture		600,000	750,000
Funding of restricted cash reserves	(5,276,518)	(4,973,602)	(3,692,045)
Proceeds of restricted cash reserves	7,035,029	6,376,459	2,583,419
Proceeds from involuntary conversion of assets		124,609	169,151
Proceeds from the sale of assets	213,400	2,402,113
Net cash used in investing activities	(12,940,766)	(41,132,602)	(71,096,578)
Cash flows from financing activities:
Proceeds of unsecured debt			25,300,000
Proceeds of mortgage debt	102,700,000	127,000,000	48,600,000
Proceeds from mortgage loan receivable	2,600,711
Proceeds from loans			19,000,000
Proceeds from sale of operating units		23,250,818	124,911
Proceeds from sale of preferred operating units	37,766,531
Payments on mortgage loans	(89,619,564)	(120,154,764)	(24,171,892)
Redemption of unsecured notes	(27,600,000)
Repurchase of common stock	(2,061,407)
Payment of deferred financing costs	(1,520,351)	(1,377,882)	(2,637,637)
Dividends and distributions paid	(5,851,813)	(4,103,529)	(2,686,567)
Preferred dividends paid	(339,889)
Redemption of units in Operating Partnership			(25,621)
Net cash provided by financing activities	16,074,218	24,614,643	63,503,194
Net increase (decrease) in cash and cash equivalents	20,272,861	(5,140,585)	7,257,871
Cash and cash equivalents at the beginning of the period	11,493,914	16,634,499	9,376,628
Cash and cash equivalents at the end of the period	31,766,775	11,493,914	16,634,499
Supplemental disclosures:
Cash paid during the period for interest	16,881,223	15,415,695	13,766,824
Cash paid during the period for income taxes	192,965	570,762	263,621
Non-cash investing and financing activities:
Mortgage debt proceeds receivable and related loan costs		2,704,415
Assumption of mortgage loan on Crowne Plaza Hollywood Beach Resort acquisition		57,000,000
Assumption of loan premium on the Crowne Plaza Hollywood Beach Resort assumed loan		246,815
Change in amount of deferred financing and deferred offering cost in accounts payable and accrued liabilities		624,117	375,487
Change in amount of hotel property improvements in accounts payable and accrued liabilities	$ 431,858	$ 601,895	$ 1,108,182

Consolidated Statements of Cha7

Consolidated Statements of Changes in Partners' Capital - USD ($)	Total	Sotherly Hotels LP [Member]	Sotherly Hotels LP [Member]General Partner [Member]	Sotherly Hotels LP [Member]Limited Partner [Member]	Sotherly Hotels LP [Member]Preferred Units [Member]
Balances, beginning at Dec. 31, 2013		$ 30,854,795	$ 554,316	$ 30,300,479
Balances, units, beginning at Dec. 31, 2013			130,711	12,940,343
Issuance of common partnership units		350,556	$ 3,534	$ 347,022
Issuance of common partnership units, number of units			540	53,465
Amortization of restricted units award	$ 19,920	19,920	$ 199	$ 19,721
Distributions declared		(2,951,284)	(29,644)	(2,921,640)
Redemption of limited partnership units		(25,621)	$ (228)	$ (25,393)
Redemption of limited partnership units, number of units			(33)	(3,267)
Net income (loss)	(738,509)	(738,509)	$ (7,386)	$ (731,123)
Balances, ending at Dec. 31, 2014		27,509,857	$ 520,791	$ 26,989,066
Balances, units, ending at Dec. 31, 2014			131,218	12,990,541
Issuance of common partnership units		23,516,875	$ 235,237	$ 23,281,638
Issuance of common partnership units, number of units			35,697	3,534,085
Amortization of restricted units award	19,920	19,920	$ 149	$ 19,771
Distributions declared		(4,585,937)	(45,859)	(4,540,078)
Net income (loss)	6,397,653	6,397,653	63,977	6,333,676
Balances, ending at Dec. 31, 2015		52,858,368	$ 774,295	$ 52,084,073
Balances, units, ending at Dec. 31, 2015			166,915	16,524,626
Issuance of common partnership units		191,762	$ 1,918	$ 189,844
Issuance of common partnership units, number of units			363	35,887
Issuance of preferred partnership units		37,766,531			$ 37,766,531
Issuance of preferred partnership units, number of units					1,610,000
Repurchased common units		$ (3,164,536)	$ (31,645)	$ (3,132,891)
Repurchased common units, number of units		(481,100)	(4,811)	(476,289)
Amortization of restricted units award	19,920	$ 19,920	$ 149	$ 19,771
Preferred partnership units distributions declared		(1,144,889)			$ (1,144,889)
Distributions declared		(6,088,017)	(60,880)	(6,027,137)
Net income (loss)	$ 900,149	900,149	(2,447)	(242,293)	1,144,889
Balances, ending at Dec. 31, 2016		$ 81,339,288	$ 681,389	$ 42,891,368	$ 37,766,531
Balances, units, ending at Dec. 31, 2016			162,467	16,084,224	1,610,000

Organization and Description of

Organization and Description of Business	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization and Description of Business	1. Organization and Description of Business Sotherly Hotels Inc., formerly MHI Hospitality Corporation, (the “Company”) is a self-managed and self-administered lodging real estate investment trust (“REIT”) that was incorporated in Maryland on August 20, 2004 to own full-service, primarily upscale and upper-upscale hotels located in primary and secondary markets in the mid-Atlantic and southern United States. Currently, the Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company’s portfolio consists of investments in eleven hotel properties, comprising 2,838 rooms and one hotel commercial condominium unit which forms a part of a 400 room condominium-hotel. All of the Company’s hotels, except for the Georgian Terrace, The Whitehall and the Hyde Resort & Residences, operate under the Hilton, Crowne Plaza, DoubleTree, and Sheraton brands. The Company commenced operations on December 21, 2004 when it completed its initial public offering (“IPO”) and thereafter consummated the acquisition of six hotel properties. Substantially all of the Company’s assets are held by, and all of its operations are conducted through, Sotherly Hotels LP, (the “Operating Partnership”). Pursuant to the terms of the Amended and Restated Agreement of Limited Partnership (the “Partnership Agreement”), the Company, as general partner, is not entitled to compensation for its services to the Operating Partnership. The Company, as general partner, conducts all of its operations through the Operating Partnership and the Company’s administrative expenses are the obligations of the Operating Partnership. Additionally, the Company is entitled to reimbursement for any expenditure incurred by it on the Operating Partnership’s behalf. For the Company to qualify as a REIT, it cannot operate hotels. Therefore, the Operating Partnership, which, at December 31, 2016, was approximately 89.1% owned by the Company, and its subsidiaries, lease its hotels to direct and indirect subsidiaries of MHI Hospitality TRS Holding, Inc., MHI Hospitality TRS, LLC and certain of its subsidiaries, (collectively, “MHI TRS”), each of which is a wholly-owned subsidiary of the Operating Partnership. MHI TRS then engages an eligible independent hotel management company, MHI Hotels Services, LLC, which does business as Chesapeake Hospitality (“Chesapeake Hospitality”), to operate the hotels under a management contract. MHI TRS is treated as a taxable REIT subsidiary for federal income tax purposes. All references in these “Notes to Consolidated Financial Statements” to “we,” “us” and “our” refer to the Company, its Operating Partnership and its subsidiaries and predecessors, collectively, unless the context otherwise requires or where otherwise indicated. Significant transactions occurring during the current and two prior fiscal years include the following: On March 26, 2014, we entered into a Note Agreement, Guaranty, and Pledge Agreement to secure a $19.0 million secured loan (the “Bridge Loan”) with Richmond Hill Capital Partners, LP (“Richmond Hill”) and Essex Equity Joint Investment Vehicle, LLC (collectively with Richmond Hill, the “Bridge Lenders”). The Bridge Loan bore interest at the rate of 10.0% per annum and matured on March 26, 2015. The loan also required mandatory prepayment upon certain events, was subject to a prepayment premium if the loan was prepaid in full or in part prior to maturity and contained limited financial covenants. The loan was secured by a lien on our interest in the subsidiary that owns the DoubleTree by Hilton Philadelphia Airport. On March 27, 2014, we acquired the Georgian Terrace, a 326-room hotel in Atlanta, Georgia for the aggregate purchase price of approximately $61.1 million. Also included in the acquisition was a 698-space parking structure; all personal property and equipment located in or at the hotel; and a separate 0.6 acre development parcel with related development rights and improvements located thereon. In conjunction with the acquisition, we obtained a $41.5 million first mortgage from Bank of the Ozarks, of which $1.5 million of the proceeds was placed in a restricted cash reserve. The mortgage bore a floating rate of interest equal to LIBOR plus 3.75%, with a 4.00% floor and required monthly payments of principal and interest on a 25-year amortization schedule following a 12-month interest-only period. The mortgage would have matured on March 27, 2017, and could have been extended for two additional 1-year periods subject to certain terms and conditions. On March 31, 2014, we entered into a First Amendment and other amended loan documents to extend the maturity date and secure additional proceeds of approximately $5.6 million on the original $30.0 million mortgage on the DoubleTree by Hilton Philadelphia Airport hotel with its existing lender, TD Bank, N.A. Pursuant to the First Amendment and other amended loan documents, the mortgage continues to bear interest at a rate of LIBOR plus 3.0% with a 3.50% floor, requires monthly payments of principal and interest on an amortization schedule over the remainder of the 25-year period that began with the commencement of the loan in March 2012, and extends the maturity date to April 1, 2019. As a condition to obtaining the First Amendment to the mortgage on the Hilton Philadelphia Airport hotel, we were required to enter into a license agreement with a national hotel franchise through at least the term of the amended mortgage loan. As such, we entered into a 10-year franchise agreement with Hilton Worldwide to rebrand the Hilton Philadelphia Airport hotel as a DoubleTree by Hilton on or before October 31, 2014, subject to the completion of certain product improvement requirements that were met as of October 27, 2014. On June 27, 2014, we entered into an agreement with TowneBank to extend the maturity of the mortgage on the Crowne Plaza Hampton Marina in Hampton, Virginia, until June 30, 2016. Under the terms of the extension, we made a principal payment of $0.8 million and were required to make monthly principal payments of $83,000 and interest payments at a rate of 5.0% per annum. On November 21, 2014, we closed on a 7.0% unsecured note offering in the aggregate amount of $25.3 million, of which a portion of the proceeds was used to pay closing costs and to repay the $19.0 million Bridge Loan, with the remainder to be used for general corporate purposes. On November 24, 2014, we repaid the $19.0 million Bridge Loan. On December 19, 2014, we secured $3.0 million additional proceeds on our mortgage loan on the DoubleTree by Hilton Jacksonville Riverfront property as part of an earnout pursuant to the terms of the existing loan agreement. On May 5, 2015, the Company obtained a $47.0 million mortgage with Bank of America N.A. on the Georgian Terrace in Atlanta, Georgia. The mortgage bears interest at a fixed rate of 4.42% and provides for level payments of principal and interest on a monthly basis under a 30-year amortization schedule. The maturity date is June 1, 2025. The Company used the proceeds of the mortgage to repay the existing first mortgage and to pay closing costs, and will use the balance of the proceeds to partially fund ongoing renovations at the Georgian Terrace and for general corporate purposes. During June 2015, the Company sold 98,682 On July 1, 2015, the Company sold 3,000,000 On July 7, 2015, we entered into a loan agreement and other loan documents to secure an $18.5 million mortgage with Bank of the Ozarks collateralized by a first mortgage on the DoubleTree by Hilton Jacksonville Riverfront. The $18.5 million mortgage was received in two parts. We received $18.0 million on July 7, 2015 and the remainder of $0.5 million on October 20, 2015. The $0.5 million was included with the additional earn-out provision of $1.5 million, for a total of $2.0 million additional proceeds, as described below. The mortgage term is four years maturing July 7, 2019 and may be extended for one additional period of one year, subject to certain criteria. The mortgage bears a floating interest rate of the 30-day LIBOR plus 3.5%, subject to a floor rate of 4.0%. The mortgage amortizes on a 25-year schedule; and has a prepayment penalty if prepaid during the initial two years. The Company used the proceeds from the mortgage to repay the existing first mortgage on the DoubleTree by Hilton Jacksonville Riverfront and to pay closing costs, and will use the balance of the proceeds to partially fund ongoing renovations at the DoubleTree by Hilton Jacksonville Riverfront and for general corporate purposes. On July 17, 2015, the Company On July 31, 2015, we acquired the remaining 75.0% interest in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort, and (ii) the entity that leases the Crowne Plaza Hollywood Beach Resort. As a result, the Operating Partnership now has a 100% indirect ownership interest in the entities that own the Crowne Plaza Hollywood Beach Resort. On September 2, 2015, we closed on the sale of a 0.3 acre parcel of excess land adjacent to our Atlanta, Georgia property for $2.2 million. The parcel was included in the acquisition of the Georgian Terrace in March 2014. We used the proceeds of the sale for general corporate purposes. On September 28, 2015, we entered into a loan agreement to secure a $60.0 million mortgage on the Crowne Plaza Hollywood Beach Resort with Bank of America, N.A. The mortgage term is ten years maturing October 1, 2025, subject to certain criteria. The mortgage bears a fixed interest rate of 4.913%. The mortgage amortizes on a 30-year schedule. The Company used the proceeds from the mortgage to repay the existing first mortgage on the Crowne Plaza Hollywood Beach Resort and to pay closing costs, and use the balance of the proceeds for general corporate purposes. On October 20, 2015, we secured $2.0 million additional proceeds on the mortgage loan on the DoubleTree by Hilton Jacksonville Riverfront as part of an earn-out pursuant to the terms of the loan agreement. On December 31, 2015, we entered into an amendment to the existing mortgage loan on the DoubleTree by Hilton Laurel which generated additional net proceeds of approximately $2.6 million and received the loan proceeds on January 4, 2016 . On March 21, 2016, we entered into an agreement with the existing lender to extend the maturity of the mortgage on The Whitehall until November 2017. On June 27, 2016, we entered into a promissory note and other loan documents to secure a $35.0 million mortgage on the Hilton Savannah DeSoto with MONY Life Insurance Company. The mortgage term is ten years maturing July 1, 2026, subject to certain criteria. The mortgage bears a fixed interest rate of 4.25%. The mortgage amortizes on a 25-year schedule after a 1-year interest-only period. The Company used the proceeds to repay the existing first mortgage on the Hilton Savannah DeSoto and to pay closing costs, and will use the balance of the proceeds to fund ongoing renovations at the hotel and for general corporate purposes. On June 30, 2016, we entered into a loan agreement and other loan documents, including a guaranty of payment by the Operating Partnership, to secure a $19.0 million mortgage on the Crowne Plaza Tampa Westshore with Fifth Third Bank. The mortgage term has an initial term of three years, and may be extended for two additional periods of one year each, subject to certain conditions. The mortgage bears a floating interest rate of the 30-day LIBOR plus 3.75%, subject to a floor rate of 3.75%. The mortgage amortizes on a 25-year schedule. The Company used the proceeds to repay the existing first mortgage on the Crowne Plaza Tampa Westshore and to pay closing costs, and will use the balance of the proceeds for general corporate purposes. On August 23, 2016, the Company sold 1,610,000 shares of 8% Series B Cumulative Redeemable Perpetual Preferred stock, for net proceeds after all expenses of approximately $37.8 million, which it contributed to the Operating Partnership for an equivalent number of preferred partnership units. On September 30, 2016, we redeemed the entire $27.6 million aggregate principal amount of its outstanding 8% Notes. On October 12, 2016, we entered into a loan agreement to secure a $20.5 million mortgage on The Whitehall with the International Bank of Commerce. Pursuant to the loan documents, the loan provides initial proceeds of $15.0 million, with an additional $5.5 million available upon the satisfaction of certain conditions, has a term of five years, bears a floating interest rate of the one month LIBOR plus 3.5%, subject to a floor rate of 4.0%, amortizes on an 18-year schedule after a 2-year interest only period, is subject to prepayment fees, and is guaranteed by Sotherly Hotels LP. On November 3, 2016, On November 3, 2016, we entered into a loan agreement to modify and extend the mortgage on the Crowne Plaza Hampton Marina with TowneBank. Pursuant to the amended loan documents, the loan continues to bear a fixed interest rate of 5.00%, has a maturity date of November 1, 2019, and beginning on December 1, 2016 requires monthly principal payments of $15,367 plus interest. On December 1, 2016, we entered into a promissory note and other loan documents to secure a $35.0 million mortgage on the Hilton Wilmington Riverside with MONY Life Insurance Company. Pursuant to the loan documents, the loan: provides initial proceeds of $30.0 million, with an additional $5.0 million available upon the satisfaction of certain conditions. The mortgage term is ten years maturing November 30, 2026, subject to certain criteria. The mortgage bears a fixed interest rate of 4.25%. The mortgage amortizes on a 25-year schedule after a 1-year interest-only period. The Company used the proceeds to repay the existing first mortgage on the Hilton Wilmington Riverside and to pay closing costs, and will use the balance of the proceeds to fund ongoing renovations at the hotel and for general corporate purposes. On December 2, 2016, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $10.0 million of its outstanding common stock, par value $0.01 per share, at prevailing prices on the open market or in privately negotiated transactions, at the discretion of management. Through December 31, 2016, the Company repurchased 481,100 shares of common stock for approximately $3.2 million and the repurchased shares have been returned to the status of authorized but unissued shares of common stock. The Company used available working capital to fund purchases under the stock repurchase program and intends to complete the repurchase program prior to December 31, 2017, unless extended by the Board of Directors.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation – The consolidated financial statements of the Company presented herein include all of the accounts of Sotherly Hotels Inc., the Operating Partnership, MHI TRS and subsidiaries and have been prepared using accounting principles generally accepted in the United States of America (“GAAP”). All significant inter-company balances and transactions have been eliminated. The consolidated financial statements of the Operating Partnership presented herein include all of the accounts of Sotherly Hotels LP, MHI TRS and subsidiaries. All significant inter-company balances and transactions have been eliminated. Additionally, all administrative expenses of the Company and those expenditures made by the Company on behalf of the Operating Partnership are reflected as the administrative expenses, expenditures and obligations thereto of the Operating Partnership, pursuant to the terms of the Partnership Agreement. Investment in Hotel Properties – Investments in hotel properties include investments in operating properties which are recorded at fair value on acquisition date and allocated to land, property and equipment and identifiable intangible assets. Replacements and improvements are capitalized, while repairs and maintenance are expensed as incurred. Upon the sale or retirement of a fixed asset, the cost and related accumulated depreciation are removed from our accounts and any resulting gain or loss is included in the statements of operations. Expenditures under a renovation project, which constitute additions or improvements that extend the life of the property, are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, generally 7 to 39 years for buildings and building improvements and 3 to 10 years for furniture, fixtures and equipment. Leasehold improvements are amortized over the shorter of the lease term or the useful lives of the related assets. We review our investments in hotel properties for impairment whenever events or changes in circumstances indicate that the carrying value of the hotel properties may not be recoverable. Events or circumstances that may cause a review include, but are not limited to, adverse permanent changes in the demand for lodging at the properties due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist, management performs an analysis to determine if the estimated undiscounted future cash flows from operations and the proceeds from the ultimate disposition of a hotel property exceeds its carrying value. If the estimated undiscounted future cash flows are found to be less than the carrying amount of the asset, an adjustment to reduce the carrying amount to the related hotel property’s estimated fair market value would be recorded and an impairment loss recognized. Our review of possible impairment at one of our hotel properties and a re-evaluation of future revenues and expenses based on anticipated market conditions, market penetration and costs necessary to achieve such market penetration revealed an excess of current carrying cost over the estimated undiscounted future cash flows and current fair values during the period ending December 31, 2015, resulting in an impairment of approximately $0.5 million, as of December 31, 2015. Our review of possible impairment at the same hotel property for 2014, which was triggered by a combination of a change in anticipated use and future branding of the property; and a re-evaluation of future revenues based on anticipated market conditions, market penetration, costs necessary to achieve such market penetration and the then current fair value, resulted in an impairment of approximately $3.2 million, as of December 31, 2014. Assets Held For Sale – The Company records assets as held for sale when management has committed to a plan to sell the assets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year. Investment in Joint Venture – Investment in joint venture represents our noncontrolling indirect 25.0% equity interest, through July 30, 2015, in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort and (ii) the entity that leases the hotel and has engaged Chesapeake Hospitality to operate the hotel under a management contract. The Carlyle Group (“Carlyle”) owned a 75.0% controlling indirect interest in these entities during this period. We accounted for our investment in the joint venture under the equity method of accounting and were entitled to receive our pro rata share of annual cash flow. We also had the opportunity to earn an incentive participation in the net sale proceeds based upon the achievement of certain overall investment returns, in addition to our pro rata share of net sale proceeds. On July 31, 2015, we acquired the remaining 75.0% interest in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort, and (ii) the entity that leases the Crowne Plaza Hollywood Beach Resort. As a result, we now has a 100% indirect ownership interest in the entities that own the Crowne Plaza Hollywood Beach Resort and consolidates the financial results of operations within the financial statements from August 1, 2015 through December 31, 2015 and for the year ended December 31, 2016. In addition we recorded a gain on change in control of $6,603,148. The overall enterprise fair value based on underlying acquired assets was used to determine the fair value of the equity interest on the date of acquisition. The value was reduced by a minority interest discount to arrive at the fair value used to calculate the gain on the acquisition. Cash and Cash Equivalents – We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Concentration of Credit Risk – We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) protection limits of $250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management reviews, on a regular basis, the balances on deposit to minimize our potential risk. Restricted Cash – Restricted cash includes real estate tax escrows, insurance escrows and reserves for replacements of furniture, fixtures and equipment pursuant to certain requirements in our various mortgage agreements. Accounts Receivable – Accounts receivable consists primarily of hotel guest and banqueting receivables. Ongoing evaluations of collectability are performed and an allowance for potential credit losses is provided against the portion of accounts receivable that is estimated to be uncollectible. Inventories – Inventories, consisting primarily of food and beverages, are stated at the lower of cost or market, with cost determined on a method that approximates first-in, first-out basis. Franchise License Fees – Fees expended to obtain or renew a franchise license are amortized over the life of the license or renewal. The unamortized franchise fees as of December 31, 2016 and 2015 were approximately $386,612 and $339,542, respectively. Amortization expense for the years ended December 31, 2016, 2015, and 2014 was $52,330, $53,347 and $44,650, respectively. Deferred Financing and Offering Costs – Deferred financing costs are recorded at cost and consist of loan fees and other costs incurred in issuing debt and are reflected in mortgage loans, net on the consolidated balance sheets. Deferred offering costs are recorded at cost and consist of offering fees and other costs incurred in issuing equity and are reflected in prepaid expenses, inventory and other assets on the consolidated balance sheets. Amortization of deferred financing costs is computed using a method that approximates the effective interest method over the term of the related debt and is included in interest expense in the consolidated statements of operations. Our amortization of deferred offering costs occurs when one of our common equity offerings is complete, whereby the costs are offset against the equity funds raised in the future and included in additional paid in capital on the consolidated balance sheets, or if the offering expires and the offering costs exceed the funds raised in the offering then the excess will be included in corporate general and administrative expenses in the consolidated statements of operations. Derivative Instruments – Our derivative instruments are reflected as assets or liabilities on the balance sheet and measured at fair value. Derivative instruments used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as an interest rate risk, are considered fair value hedges. Derivative instruments used to hedge exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. For a derivative instrument designated as a cash flow hedge, the change in fair value each period is reported in accumulated other comprehensive income in stockholders’ equity and partners’ capital to the extent the hedge is effective. For a derivative instrument designated as a fair value hedge, the change in fair value each period is reported in earnings along with the change in fair value of the hedged item attributable to the risk being hedged. For a derivative instrument that does not qualify for hedge accounting or is not designated as a hedge, the change in fair value each period is reported in earnings. We use derivative instruments to add stability to interest expense and to manage our exposure to interest-rate movements. To accomplish this objective, we primarily are using an interest rate cap which acts as a cash flow hedge and is not designated as a hedge. We value our interest-rate cap at fair value, which we define as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). We also have used derivative instruments in the Company’s stock to obtain more favorable terms on our financing. We do not enter into contracts to purchase or sell derivative instruments for speculative trading purposes. Fair Value Measurements – We classify the inputs used to measure fair value into the following hierarchy: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. L evel 2 Unadjusted quoted prices in active markets for similar assets or liabilities, or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or Inputs other than quoted prices that are observable for the asset or liability. Level 3 Unobservable inputs for the asset or liability. We endeavor to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following table represents our assets and liabilities measured at fair value and the basis for that measurement: Level 1 Level 2 Level 3 December 31, 2015 Investment in hotel property, net (1) $ — $ — $ 5,700,762 Interest Rate Cap (4) $ — $ 70,981 $ — Mortgage loans (2) $ — $ (272,933,327 ) $ — Unsecured notes (3) $ (54,238,600 ) $ — $ — December 31, 2016 Interest Rate Cap (4) $ — $ 33,597 $ — Mortgage loans (2) $ — $ (281,840,780 ) $ — Unsecured notes (3) $ (26,241,160 ) $ — $ — (1) A non-recurring fair value measurement was conducted in 2015 for our investment in hotel property, which resulted in a recorded impairment charge for the year ended December 31, 2015, which represent the amounts by which the carrying value of the asset group exceeded its fair value. (2) Mortgage loans are reflected at carrying value on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. (3) Unsecured notes are recorded at historical cost on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. (4) An interest rate cap on the DoubleTree by Hilton Jacksonville Riverfront mortgage with the Bank of the Ozarks is recorded at fair value on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. Noncontrolling Interest in Operating Partnership – Certain hotel properties have been acquired, in part, by the Operating Partnership through the issuance of limited partnership units of the Operating Partnership. The noncontrolling interest in the Operating Partnership is: (i) increased or decreased by the limited partners’ pro-rata share of the Operating Partnership’s net income or net loss, respectively; (ii) decreased by distributions; (iii) decreased by redemption of partnership units for the Company’s common stock; and (iv) adjusted to equal the net equity of the Operating Partnership multiplied by the limited partners’ ownership percentage immediately after each issuance of units of the Operating Partnership and/or the Company’s common stock through an adjustment to additional paid-in capital. Net income or net loss is allocated to the noncontrolling interest in the Operating Partnership based on the weighted average percentage ownership throughout the period. Revenue Recognition – Revenues from operations of the hotels are recognized when the services are provided. Revenues consist of room sales, food and beverage sales, and other hotel department revenues, such as telephone, parking, gift shop sales and rentals from restaurant tenants, rooftop leases and gift shop operators. Revenues are reported net of occupancy and other taxes collected from customers and remitted to governmental authorities. Lease Revenue – Several of our properties generate revenue from leasing commercial space adjacent to the hotel, the restaurant space within the hotel, apartment units and space on the roofs of our hotels for antennas and satellite dishes. We account for the lease income as revenue from other operating departments within the consolidated statement of operations pursuant to the terms of each lease. Lease revenue was $1,785,934, $1,776,518 and $1,657,614, for the years ended December 31, 2016, 2015, and 2014, respectively. A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: December 31, 2017 $ 1,105,165 December 31, 2018 632,365 December 31, 2019 544,920 December 31, 2020 499,294 December 31, 2021 246,388 December 31, 2022 and thereafter 1,661,913 Total $ 4,690,045 Income Taxes – The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended. As a REIT, the Company generally will not be subject to federal income tax. MHI TRS, our wholly owned taxable REIT subsidiary which leases our hotels from subsidiaries of the Operating Partnership, is subject to federal and state income taxes. We account for income taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. At December 31, 2016, deferred tax assets total approximately $6.9 million, of which approximately $6.0 million relate to net operating losses of our TRS Lessee. A valuation allowance is required for deferred tax assets if, based on all available evidence, it is “more-likely-than-not” that all or a portion of the deferred tax asset will or will not be realized due to the inability to generate sufficient taxable income in certain financial statement periods. The “more-likely-than-not” analysis means the likelihood of realization is greater than 50%, that we will or will not be able to fully utilize the deferred tax assets against future taxable income. The net amount of deferred tax assets that are recorded on the financial statements must reflect the tax benefits that are expected to be realized using these criteria. We perform this analysis by evaluating future hotel revenues and expenses accounting for certain non-recurring costs and expenses during the current and prior two fiscal years as well as anticipated changes in the lease rental payments from the TRS Lessee to subsidiaries of the Operating Partnership. We have determined that it is more-likely-than-not that we will be able to fully utilize our deferred tax assets for future tax consequences, therefore no valuation allowance is required. As of December 31, 2016, we had no uncertain tax positions. Our policy is to recognize interest and penalties related to uncertain tax positions in income tax expense. As of December 31, 2016, the tax years that remain subject to examination by the major tax jurisdictions to which the Company is subject generally include 2010 through 2015. In addition, as of December 31, 2016, the tax years that remain subject to examination by the major tax jurisdictions to which MHI TRS is subject generally include 2004 through 2015. The Operating Partnership is generally not subject to federal and state income taxes as the unit holders of the Partnership are subject to tax on their respective shares of the Partnership’s taxable income. Stock-based Compensation – The Company’s 2004 Long Term Incentive Plan (the “2004 Plan”) and its 2013 Long-Term Incentive Plan (the “2013 Plan”), which the Company’s stockholders approved in April 2013, permit the grant of stock options, restricted stock and performance share compensation awards to its employees and directors for up to 350,000 and 750,000 shares of common stock, respectively. The Company believes that stock awards align the interests of its employees with those of its stockholders. Under the 2004 Plan, the Company has made restricted stock and deferred stock awards totaling 337,438 shares including 255,938 shares issued to certain executives and employees and 81,500 restricted shares issued to its independent directors. Of the 255,938 shares issued to certain of our executives and employees, all have vested except 6,000 shares issued to the Chief Financial Officer upon execution of his employment contract which will vest pro rata on each of the next two anniversaries of the effective date of his employment agreement. All of the 81,500 restricted shares issued to the Company’s independent directors have vested. The 2004 plan was terminated in 2013. Under the 2013 Plan, the Company has made stock awards totaling 121,100 shares, including 74,600 non-restricted shares to certain executives, directors and employees, and 46,500 restricted shares issued to its independent directors. All awards have vested except for 12,000 shares issued to the Company’s independent directors in February 2017. Previously, under the 2004 Plan, and currently, under the 2013 Plan, the Company may issue a variety of performance-based stock awards, including nonqualified stock options. The value of the awards is charged to compensation expense on a straight-line basis over the vesting or service period based on the value of the award as determined by the Company’s stock price on the date of grant or issuance. As of December 31, 2016, no performance-based stock awards have been granted. Consequently, stock-based compensation as determined under the fair-value method would be the same under the intrinsic-value method. Total compensation cost recognized under the 2004 Plan and 2013 Plan for the years ended December 31, 2016, 2015, and 2014 was $211,682, $285,978 and $245,565, respectively. The 2004 Plan was terminated in April 2013. On February 15, 2017, the NCGC Committee approved the suspension of the Company’s Long Term Stock Bonus Program (the “LTSBP”), a stock-based compensation program approved by the board on April 16, 2013 and implemented in conjunction with and aligned with the duration of the Company’s 2013 Plan. Advertising – Advertising costs were $452,665, $280,625 and $198,991 for the years ended December 31, 2016, 2015, and 2014, respectively and are expensed as incurred. Comprehensive Income (Loss) – Comprehensive income (loss), as defined, includes all changes in equity (net assets) during a period from non-owner sources. We do not have any items of comprehensive income (loss) other than net income (loss). Segment Information – We have determined that our business is conducted in one reportable segment: hotel ownership. Use of Estimates – The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications – Certain reclassifications in the amount of $4.1 million, from deferred financing costs, net in total assets on the consolidating balance sheet, have been netted against mortgage loans and unsecured debt on the December 31, 2015 balances to conform to the current period presentation. This presentation applies Accounting Standards Update (“ASU”) 2015-03, “ “ Simplifying the Presentation of Debt Issuance Costs.” Loss on early debt extinguishments in the amount of $698,083 has been reclassified from amortization of deferred financing costs on the consolidated statements of cash flows as of December 31, 2015 to conform to the current period presentation. New Accounting Pronouncements – In November 2016, the FASB issued ASU 2016-18, . This ASU addresses the diversity within entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early application of this ASU is permitted for all entities. We are currently assessing the impact that the adoption of this standard will have on the statements of cash flows. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers – Narrow-Scope Improvements and Practical Expedients”. The amendments in this ASU provide clarification to certain core recognition principles related to ASU No. 2014-09 including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. The amendments do not change the core principle of the guidance. We will adopt this ASU as of our quarter ending March 31, 2018. We are currently evaluating the standard to determine the impact of the adoption of this guidance on our financial statements. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers – Narrow-Scope Improvements and Practical Expedients”. This update clarifies guidance related to identifying performance obligations and licensing implementation contained in ASU No. 2014-09. The amendments do not change the core principle of the guidance. We will adopt this ASU as of our quarter ending March 31, 2018. We are currently evaluating the standard to determine the impact of the adoption of this guidance on our financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In April 2015, the FASB issued ASU 2015-03 related to In February 2015, the FASB issued ASU 2015-02 related to ASC Topic 810, Consolidation, t As the Operating Partnership is already consolidated within the consolidated balance sheets of the Company, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of the Company. In May 2014, the FASB issued ASU 2014-09 related to ASC Topic 606, Revenue from Contracts with Customers. Revenue Recognition Revenue Recognition—Construction-Type and Production-Type Contracts Property, Plant, and Equipment Intangibles—Goodwill and Other

Acquisition of Hotel Properties

Acquisition of Hotel Properties	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisition of Hotel Properties	3. Acquisition of Hotel Properties Hollywood Beach and Atlanta Acquisitions. On July 31, 2015, we acquired the remaining 75.0% interest in the 311-room Crowne Plaza Hollywood Beach Resort in Hollywood Beach, Florida, for approximately $25.5 million, net cash. On March 27, 2014, we acquired the 326-room Georgian Terrace in Atlanta, Georgia, for approximately $61.1 million, net cash. The allocation of the purchase price based on their fair values was as follows: Georgian Terrace Crowne Hollywood Beach Resort Land and land improvements $ 10,127,687 $ 24,008,289 Buildings and improvements 45,385,939 64,854,787 Furniture, fixtures and equipment 5,163,135 2,802,135 Investment in hotel properties 60,676,761 91,665,211 Restricted cash 124,658 1,159,759 Accounts receivable 465,287 140,588 Prepaid expenses, inventory and other assets 430,997 797,505 Assumed mortgage — (57,259,159 ) Accounts payable and accrued liabilities (591,618 ) (2,485,442 ) Equity investment — (1,889,560 ) Gain on change in control — (6,603,148 ) Net cash $ 61,106,085 $ 25,525,754 The results of operations of the Georgian Terrace and the Crowne Plaza Hollywood Beach Resort are included in our consolidated financial statements from the dates of acquisition. The total revenue and net loss related to the acquisition of the Georgian Terrace, for the period March 27, 2014 to December 31, 2014 are approximately $ 16.4 million and $ 2.2 million, respectively and the total revenue and net loss related to the acquisition of the Crowne Plaza Hollywood Beach Resort, for the period from August 1, 2015 to December 31, 2015 are approximately $ 5.2 million and $ 1.1 million, respectively. The following pro forma financial information presents the results of operations of the Company and the Operating Partnership for the years ended December 31, 2015 and 2014, as if the acquisitions of the Georgian Terrace and the Crowne Plaza Hollywood Beach Resort had December 31, 2015 December 31, 2014 (unaudited) (unaudited) Pro forma revenues $ 151,931,931 $ 147,451,042 Pro forma operating expenses $ 133,346,497 $ 129,961,867 Pro forma operating income $ 18,585,434 $ 17,489,175 Pro forma net income (loss) $ 1,017,180 $ (1,671,774 ) Pro forma earnings (loss) per basic and diluted share $ 0.07 $ (0.10 ) Pro forma earnings (loss) per basic and diluted units $ 0.07 $ (0.10 ) Pro forma basic and diluted common shares 12,541,117 13,812,125 Pro forma basic and diluted units 14,924,410 16,542,413

Investment in Hotel Properties,

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net	4. Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net Investment in hotel properties as of December 31, 2016 and 2015 consisted of the following: December 31, 2016 December 31, 2015 Land and land improvements $ 57,851,380 $ 59,910,212 Buildings and improvements 336,996,876 333,720,421 Furniture, fixtures and equipment 43,458,781 42,245,334 438,307,037 435,875,967 Less: accumulated depreciation and impairment (89,713,125 ) (80,912,725 ) Investment in Hotel Properties, Net $ 348,593,912 $ 354,963,242 Investment in hotel properties held for sale, net as of December 31, 2016 and 2015 consisted of the following: December 31, 2016 December 31, 2015 Land and land improvements $ 1,097,096 $ — Buildings and improvements 6,242,504 — Furniture, fixtures and equipment 2,289,008 — 9,628,608 — Less: accumulated depreciation and impairment (4,295,608 ) — Investment in Hotel Properties Held for Sale, Net $ 5,333,000 $ — Our review of possible impairment during the year ended December 31, 2016 resulted in no impairment on our investment in hotel properties. Our review of possible impairment at one of our hotel properties and a re-evaluation of future revenues based on anticipated market conditions, market penetration and costs necessary to achieve such market penetration revealed an excess of current carrying cost over the estimated undiscounted future cash flows and current fair values during the period ending December 31, 2015, resulting in impairment of approximately $0.5 million, as of December 31, 2015. Our review of possible impairment at the same hotel property for 2014, which was triggered by a combination of a change in anticipated use and future branding of the property; and a re-evaluation of future revenues based on anticipated market conditions, market penetration, costs necessary to achieve such market penetration and the then current fair value, resulted in an impairment of approximately $3.2 million, as of December 31, 2014.

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	5. Debt Mortgage Loans, Net. As of December 31, 2016 and 2015, we had approximately $282.7 million and approximately $270.3 million of outstanding mortgage debt, respectively. The following table sets forth our mortgage debt obligations on our hotels. Balance Outstanding as of December 31, December 31, Prepayment Maturity Amortization Interest Property 2016 2015 Penalties Date Provisions Rate Crowne Plaza Hampton Marina (1) $ 2,584,633 $ 3,512,586 None 11/1/2019 3 years 5.00% Crowne Plaza Hollywood Beach Resort (2) 58,935,818 59,795,743 n/a 10/1/2025 30 years 4.913% Crowne Plaza Tampa Westshore (3) 15,561,400 13,016,045 None 6/30/2019 25 years LIBOR plus 3.75 % DoubleTree by Hilton Jacksonville Riverfront (4) 19,291,716 19,774,577 Yes 7/7/2019 25 years LIBOR plus 3.50 % DoubleTree by Hilton Laurel (5) 9,329,005 9,500,000 Yes 8/5/2021 25 years 5.25% DoubleTree by Hilton Philadelphia Airport (6) 31,261,991 32,376,795 None 4/1/2019 25 years LIBOR plus 3.00 % DoubleTree by Hilton Raleigh Brownstone University (7) 14,773,885 15,029,121 n/a 8/1/2018 30 years 4.78% The Georgian Terrace (8) 45,826,038 46,579,011 n/a 6/1/2025 30 years 4.42% Hilton Savannah DeSoto (9) 30,000,000 20,522,836 Yes 7/1/2026 25 years 4.25% Hilton Wilmington Riverside (10) 30,000,000 19,825,772 Yes 1/1/2027 25 years 4.25% Sheraton Louisville Riverside (11) 11,977,557 11,345,866 Yes 12/1/2026 25 years 4.27% The Whitehall (12) 15,000,000 20,459,256 Yes 10/12/2021 18 years LIBOR plus 3.50 % Total Mortgage Principal Balance $ 284,542,043 $ 271,737,608 Deferred financing costs, net (2,049,409 ) (1,646,220 ) Unamortized premium on loan 215,655 240,336 Total Mortgage Loans, Net $ 282,708,289 $ 270,331,724 (1) The note was extended and modified in November 2016 for 3 years until November 1, 2019 and the Operating Partnership was required to make monthly principal payments of $15,367. The note rate was changed to a fixed rate of 5.00%, effective June 27, 2014. As of February 7, 2017, the note is no longer outstanding. (2) With limited exception, the note may not be prepaid until June 2025. (3) The note provides initial proceeds of $15.7 million, with an additional $3.3 million available upon the satisfaction of certain conditions; bears a floating interest rate of the 30-day LIBOR plus 3.75%, subject to a floor rate of 3.75%; the note provides that the mortgage can be extended for two additional periods of one year each, subject to certain conditions. (4) The note is subject to a pre-payment penalty until July 2017. Prepayment can be made without penalty thereafter. The note provides that the mortgage can be extended until July 2020 if certain conditions have been satisfied. (5) The note is subject to a pre-payment penalty except for any pre-payments made either between April 2017 and August 2017, or from April 2021 through maturity of the note. The note provides that on January 5, 2018, the rate of interest will adjust to a rate of 3.00% per annum plus the then-current five-year U.S. Treasury rate of interest, with a floor of 5.25%. (6) The note bears a minimum interest rate of 3.50%. (7) With limited exception, the note may not be prepaid until two months before maturity. (8) With limited exception, the note may not be prepaid until February 2025. (9) The note provides initial proceeds of $30.0 million, with an additional $5.0 million available upon the satisfaction of certain conditions, namely, the completion of a renovation project; amortizes on a 25-year schedule after a 1-year interest-only period; and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (10) The note provides initial proceeds of $30.0 million, with an additional $5.0 million available upon the satisfaction of certain conditions namely, the completion of a renovation project; amortizes on a 25-year schedule after a 1-year interest-only period; and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (11) The note bears a fixed interest rate of 4.27% for the first 5 years of the loan, with an option for the lender to reset the interest rate after 5 years. (12) The note was refinanced in October 2016, provides initial proceeds of $15.0 million, with an additional $5.5 million available upon the satisfaction of certain conditions; bears a floating interest rate of the 1-month LIBOR plus 3.5%, subject to a floor rate of 4.0% and is subject to prepayment penalties subject to a declining scale from 3.0% penalty on or before the first anniversary date, a 2.0% penalty during the second anniversary year and a 1.0% penalty after the third anniversary date. We were in compliance with all debt covenants, current on all loan payments and not otherwise in default under any of our mortgage loans, as of December 31, 2016. Total future mortgage debt maturities, without respect to any extension of loan maturity, as of December 31, 2016 were as follows: For the year ending: December 31, 2017 $ 6,363,323 December 31, 2018 24,626,923 December 31, 2019 73,423,203 December 31, 2020 9,248,750 December 31, 2021 31,008,186 December 31, 2022 and thereafter 139,871,658 Total future maturities $ 284,542,043 7.0% Unsecured Notes. On November 21, 2014, the Operating Partnership issued 7.0% senior unsecured notes in the aggregate amount of $25.3 million (the “7% Notes”). The indenture requires quarterly payments of interest and matures on November 15, 2019. The 7% Notes are callable after November 15, 2017 at 101% of face value. 8.0% Unsecured Notes. On September 30, 2013, the Operating Partnership issued 8.0% senior unsecured notes in the aggregate amount of $27.6 million (the “8% Notes”). The indenture required quarterly payments of interest and was to mature on September 30, 2018. The 8% Notes were redeemed on September 30, 2016 at 101% of face value.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Ground, Building and Submerged Land Leases – We lease 2,086 square feet of commercial space next to the Hilton Savannah DeSoto for use as an office, retail or conference space, or for any related or ancillary purposes for the hotel and/or atrium space. In December 2007, we signed an amendment to the lease to include rights to the outdoor esplanade adjacent to the leased commercial space. The areas are leased under a six-year operating lease, which expired October 31, 2006 and has been renewed for the third of three optional five-year renewal periods expiring October 31, 2011, October 31, 2016 and October 31, 2021, respectively. Rent expense for this operating lease for the years ended December 31, 2016, 2015, and 2014 was $72,984, $65,054 and $63,468, respectively. We lease, as landlord, the entire fourteenth floor of the Savannah hotel property to The Chatham Club, Inc. under a ninety-nine year lease expiring July 31, 2086. This lease was assumed upon the purchase of the building under the terms and conditions agreed to by the previous owner of the property. No rental income is recognized under the terms of this lease as the original lump sum rent payment of $990 was received by the previous owner and not prorated over the life of the lease. We lease a parking lot adjacent to the DoubleTree by Hilton Raleigh Brownstone-University in Raleigh, North Carolina. The land is leased under a second amendment, dated April 28, 1998, to a ground lease originally dated May 25, 1966. The original lease is a 50-year operating lease, which expired August 31, 2016. We exercised a renewal option for the first of three additional ten-year periods expiring August 31, 2026, August 31, 2036, and August 31, 2046, respectively. We hold an exclusive and irrevocable option to purchase the leased land at fair market value at the end of the original lease term, subject to the payment of an annual fee of $9,000, and other conditions. For each of the years ended December 31, 2016, 2015, and 2014, rent expense was $95,482. We lease land adjacent to the Crowne Plaza Tampa Westshore for use as parking under a five-year renewable agreement with the Florida Department of Transportation that commenced in July 2009 and expires in July 2019. The agreement requires annual payments of $2,432, plus tax, and may be renewed for an additional five years. Rent expense for the years ended December 31, 2016, 2015, and 2014 was $2,602, $2,602 and $2,602, respectively. We lease certain submerged land in the Saint Johns River in front of the DoubleTree by Hilton Jacksonville Riverfront from the Board of Trustees of the Internal Improvement Trust Fund of the State of Florida. The submerged land was leased under a five-year operating lease requiring annual payments of $4,961, which expired September 18, 2012. A new operating lease was executed requiring annual payments of $6,020 and expires September 18, 2017. Rent expense for the years ended December 31, 2016, 2015, and 2014 was $6,020, $6,020 and $6,020, respectively. We lease 4,836 square feet of commercial office space in Williamsburg, Virginia under an agreement, as amended, that commenced September 1, 2009 and expires August 31, 2018. Rent expense for each of the years ended December 31, 2016, 2015, and 2014 was $91,003, $83,651 and $71,039, respectively. We leased 1,632 square feet of commercial office space in Rockville, Maryland under an agreement that was to expire February 28, 2017. We terminated this lease in 2015 by replacing our lease with another tenant lease and prepaying an amount of $21,000. The agreement required monthly payments at an annual rate of $22,848 for the first year of the lease term and monthly payments at an annual rate of $45,696 for the second year of the lease term, increasing 2.75% per year for the remainder of the lease term. Rent expense for the years ended December 31, 2016, 2015, and 2014 was $0, $62,949 and $50,277, respectively. We also lease certain furniture and equipment under financing arrangements expiring between June 2016 and March 2019. A schedule of minimum future lease payments for the following twelve-month periods is as follows: For the year ending: December 31, 2017 $ 223,682 December 31, 2018 176,740 December 31, 2019 100,480 December 31, 2020 95,482 December 31, 2021 95,482 December 31, 2022 and thereafter 445,583 Total $ 1,137,449 Employment Agreements — The Company has entered into various employment contracts with employees that could result in obligations to the Company in the event of a change in control or termination without cause. Management Agreements – At December 31, 2016, each of our wholly-owned operating hotels was operated under a management agreement with Chesapeake Hospitality. Effective January 1, 2015, each of our wholly-owned hotels operated under a new master agreement as well as an individual hotel management agreement (see Note 9). On July 31, 2015, upon acquisition of the Crowne Plaza Hollywood Beach Resort, we entered into a management agreement for the management of said hotel pursuant to the form of individual hotel management agreement provided for under the master agreement. Each of the individual hotel management agreements may be terminated earlier than the stated term upon the sale of the hotel covered by the respective management agreement, in which case we may incur early termination fees. Franchise Agreements – As of December 31, 2016, most of our hotels operate under franchise licenses from national hotel companies. Under the franchise agreements, we are required to pay a franchise fee generally between 2.5% and 5.0% of room revenues, plus additional fees for marketing, central reservation systems, and other franchisor programs and services that amount to between 2.5% and 6.0% of room revenues from the hotels. The franchise agreements currently expire between July 2017 and October 2030. On August 7, 2014, we voluntarily terminated the franchise agreement with Holiday Hospitality Franchising, LLC (IHG) for the Crowne Plaza Jacksonville Riverfront effective September 1, 2015 and recognized a termination fee of $351,800. The property has been rebranded as the DoubleTree by Hilton Jacksonville Riverfront. On April 12, 2016 we allowed the franchise agreement on the Crowne Plaza Houston Downtown to expire. The property has been rebranded as The Whitehall. Each of our franchise agreements provides for early termination fees in the event the agreement is terminated before the stated term. Restricted Cash Reserves – Each month, we are required to escrow with the lenders on the Hilton Wilmington Riverside, the Hilton Savannah DeSoto, the DoubleTree by Hilton Raleigh Brownstone-University, the DoubleTree by Hilton Jacksonville Riverside, the Crowne Plaza Hollywood Beach Resort, the Sheraton Louisville Riverside and the Georgian Terrace an amount equal to 1 / 12 of the annual real estate taxes due for the properties. We are also required by several of our lenders to establish individual property improvement funds to cover the cost of replacing capital assets at our properties. Each month, those contributions equal 4.0% of gross revenues for the Hilton Savannah DeSoto, the Hilton Wilmington Riverside, the DoubleTree by Hilton Jacksonville Riverside, the Crowne Plaza Hollywood Beach Resort, DoubleTree by Hilton Raleigh Brownstone–University, the Whitehall, Crowne Plaza Hampton Marina and the Georgian Terrace and equal 4.0% of room revenues for the DoubleTree by Hilton Philadelphia Airport. ESOP Purchase Commitment – The Board approved an Employee Stock Ownership Plan (the “ESOP”) on November 29, 2016. The ESOP is a non-contributory defined contribution plan covering all employees of the Company. The ESOP is a leveraged ESOP, meaning the contributed funds are loaned to the ESOP from the Company. The Company entered into a loan agreement with the ESOP on December 29, 2016, pursuant to which the ESOP may borrow up to $5.0 million to purchase shares of the Company’s common stock on the open market. As of December 31, 2016, the ESOP had not purchased any shares of the Company’s common stock and had not drawn funds under the loan agreement with the Company. Shares purchased by the ESOP will be held in a suspense account for allocation among participants as contributions are made to the ESOP by the Company. The share allocations will be accounted at fair value at the date of allocation. Litigation – We are not involved in any material litigation, nor, to our knowledge, is any material litigation threatened against us. We have settled, during the period covered by this report, all significant claims made during the same period. We are involved in routine litigation arising out of the ordinary course of business, all of which we expect to be covered by insurance and we believe it is not reasonably possible such matters will have a material impact on our financial condition or results of operations.

Preferred Stock and Units

Preferred Stock and Units	12 Months Ended
	Dec. 31, 2016
Preferred Stock And Units [Abstract]
Preferred Stock and Units	7. Preferred Stock and Units Preferred Stock and Units. As of December 31, 2016 and 2015, there were 1,610,000 and 0 shares of the Preferred Stock issued and outstanding, respectively. The Company has increased its authorized shares of preferred stock to 11,000,000. On August 23, 2016, the Company issued 1,610,000 shares, $0.01 par value per share, of its 8% Series B Cumulative Redeemable Perpetual Preferred Stock for net proceeds after all expenses of approximately $37.8 million, which it contributed to the Operating Partnership for an equivalent number of preferred partnership units. Holders of the Company’s preferred stock are entitled to receive distributions when authorized by the Company’s board of directors out of assets legally available for the payment of distributions. The Company pays cumulative cash distributions on the preferred stock at a rate of 8.00% per annum of the $25.00 liquidation preference per share. The preferred stock is not redeemable by the holders, has no maturity date and is not convertible into any other security of the Company or its affiliates. The Company is the holder of the Operating Partnership’s preferred partnership units . Preferred Unit Distributions – The Company is the holder of the Operating Partnership’s preferred partnership units, and is entitled to receive distributions when authorized by our board of directors out of assets legally available for the payment of distributions. The Operating Partnership pays cumulative cash dividends on the preferred partnership units at a rate of 8.00% per annum of the $25.00 liquidation preference per unit. The Operating Partnership declared and paid per preferred unit on a quarterly basis, for the short period from August 23, 2016 to September 30, 2016 and for the quarter ended December 31, 2016, $0.2111 and $0.50 per unit, respectively.

Common Stock and Units

Common Stock and Units	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Common Stock and Units	8. Common Stock and Units Common Stock – The Company is authorized to issue up to 49,000,000 shares of common stock, $0.01 par value per share. Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders. Holders of the Company’s common stock are entitled to receive distributions when authorized by the Company’s board of directors out of assets legally available for the payment of distributions. On December 2, 2016, the Company’s Board of Directors authorized a stock repurchase program under which the Company may purchase up to $10.0 million of its outstanding common stock, par value $0.01 per share, at prevailing prices on the open market or in privately negotiated transactions, at the discretion of management. The Company has and expects to continue to use available working capital to fund purchases under the stock repurchase program and intends to complete the repurchase program prior to December 31, 2017, unless extended by the Board of Directors. Through December 31, 2016 the Company repurchased 481,100 shares of common stock for approximately $3.2 million and the repurchased shares have been returned to the status of authorized but unissued shares of common stock. The following is a list of issuances during the years ended December 31, 2016, 2015, and 2014 of the Company’s common stock: On February 1, 2016, two holders of units in the Operating Partnership redeemed 422,687 units for an equivalent number of shares of the Company’s common stock. On September 16, 2015, one holder of units in the Operating Partnership redeemed a total of 200,000 units for an equivalent number of shares of the Company’s common stock . On July 17, 2015, the Company sold 435,000 shares of common stock for net proceeds of approximately $2.8 million, which it contributed to the Operating Partnership for an equivalent number of units. On July 1, 2015, the Company sold 3,000,000 shares of common stock, for net proceeds of approximately $19.8 million, which it contributed to the Operating Partnership for an equivalent number of units. During June On May 1, 2015, one holder of units in the On April 1, 2015, one holder of On January 29, 2015, the Company was issued 36,100 units in the Operating Partnership and awarded an aggregate of 26,350 shares of unrestricted stock to certain On October 1, 2014, one holder of units in the Operating Partnership redeemed 200,000 units for an equivalent number of shares of the Company’s common stock. During September 2014, the Company sold 16,979 shares of common stock for net proceeds of $122,793, which it contributed to the Operating Partnership for an equivalent number of units. During August 2014, the Company sold 276 shares of common stock for net proceeds of $2,118, which it contributed to the Operating Partnership for an equivalent number of units. On April 1, 2014, two holders of units in the Operating Partnership redeemed 110,000 units for an equivalent number of shares of the Company’s common stock. On February 14, 2014, the Company was issued 36,750 units in the Operating Partnership and awarded an aggregate of 24,000 shares of unrestricted stock to certain executives as well as 12,000 shares of restricted stock and 750 shares of unrestricted stock to certain of its independent directors. As of December 31, 2016 and 2015, the Company had 14,468,551 and 14,490,714 shares of common stock outstanding, respectively. Operating Partnership Units – Holders of Operating Partnership units, other than the Company as general partner, have certain redemption rights, which enable them to cause the Operating Partnership to redeem their units in exchange for shares of the Company’s common stock on a one-for-one basis or, at the option of the Company, cash per unit equal to the average of the market price of the Company’s common stock for the 10 trading days immediately preceding the notice date of such redemption. The number of shares issuable upon exercise of the redemption rights will be adjusted upon the occurrence of stock splits, mergers, consolidations or similar pro-rata share transactions, which otherwise would have the effect of diluting the ownership interests of the limited partners or the stockholders of the Company. The following is a list of issuance and redemption events, since January 2014, of general and limited partnership units in the Operating Partnership in addition to the issuances of units in the Operating Partnership to the Company and redemptions for the Company’s common stock described above: Through December 31, 2016, the Operating Partnership for approximately $3.2 million . On August 23, 2016, the Company issued 1,610,000 0.01 8 37.8 On November 1, 2014, the Operating Partnership redeemed 3,300 units held by a trust controlled by two members of the Board of Directors for a total of $25,621, pursuant to the terms of the partnership agreement. As of December 31, 2016 and 2015, the total number of Operating Partnership units outstanding was 16,246,691 and 16,691,541, respectively. As of December 31, 2016 and 2015, the total number of outstanding units in the Operating Partnership not owned by the Company was 1,778,140 and 2,200,827, respectively, with a fair market value of approximately $12.1 million and approximately $15.0 million, respectively, based on the price per share of the common stock on such respective dates. Common Unit Distributions – The following table presents the quarterly distributions by the Operating Partnership declared and payable per common unit for the years ended December 31, 2016, 2015, and 2014: Quarter Ended 2014 2015 2016 March 31, $ 0.045 $ 0.070 $ 0.085 June 30, $ 0.050 $ 0.075 $ 0.090 September 30, $ 0.065 $ 0.080 $ 0.095 December 31, $ 0.065 $ 0.080 $ 0.095

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	9. Related Party Transactions Chesapeake Hospitality. As of December 31, 2016, the members of Chesapeake Hospitality (a company that is majority-owned and controlled by the Company’s chief executive officer, its former chief financial officer, a member of its Board of Directors and a former member of its Board of Directors) owned 1,740,691 shares, approximately 12.0%, of the Company’s outstanding common stock as well as 870,271 Operating Partnership units. The following is a summary of the transactions between Chesapeake Hospitality and us: Shell Island Sublease – We had a sublease arrangement with Chesapeake Hospitality on our expired leasehold interests in the property at Shell Island. For the years ended December 31, 2016, 2015, and 2014, we earned $0, $0 and $350,000, respectively, in leasehold revenue. The underlying leases at Shell Island expired on December 31, 2011. Strategic Alliance Agreement – On December 21, 2004, we entered into a ten-year strategic alliance agreement with Chesapeake Hospitality that provides in part for the referral of acquisition opportunities to the Company and the management of its hotels by Chesapeake Hospitality. The agreement expired on December 15, 2014, in conjunction with the execution of the new management agreement, Management Agreements – Each of the hotels that we wholly-owned at December 31, 2016 and 2015, are operated by Chesapeake Hospitality under various management agreements that were to expire between December 2014 and March 2019. Under those now terminated agreements, Chesapeake Hospitality received a base management fee of 2.0% of gross revenues for the first full fiscal year and partial fiscal year from the commencement date through December 31 of that year, 2.5% of gross revenues the second full fiscal year, and 3.0% of gross revenues for every year thereafter. The agreements also provided for an incentive management fee due annually in arrears within 90 days of the end of the fiscal year equal to 10.0% of the amount by which the gross operating profit of the hotels, on an aggregate basis for eight hotels and on an individual basis for two other hotels, for a given year exceeds the gross operating profit for the same hotel(s), for the prior year. The incentive management fee may not exceed 0.25% of gross revenues of all of the hotel(s) included in the incentive fee calculation. The management agreement for the Whitehall did not provide for any incentive management fee. Additionally, the management agreement for the Georgian Terrace provided for an administrative fee of $30,000 per year for as long as the adjacent parking garage is managed by a third party. On December 15, 2014, we entered into a new master agreement and a series of individual hotel management agreements that became effective on January 1, 2015. The master agreement has a five-year term, but may be extended for such additional periods as long as an individual management agreement remains in effect. The base management fee for the Whitehall and the Georgian Terrace remained at 2.00% through 2015, increased to 2.25% in 2016 and increases to 2.50% thereafter. The base management fees for the remaining properties in the current portfolio will be 2.65% through 2017 and decreases to 2.50% thereafter. For new individual hotel management agreements, Chesapeake Hospitality will receive a base management fee of 2.00% of gross revenues for the first full year from the commencement date through the anniversary date, 2.25% of gross revenues the second full year, and 2.50% of gross revenues for every year thereafter. Base management fees earned by Chesapeake Hospitality totaled $3,828,896, $3,371,668 and $3,342,782 for the years ended December 31, 2016, 2015, and 2014, respectively. In addition, incentive management fees of $36,466, $79,555 and $97,025 were accrued for the years ended December 31, 2016, 2015, and 2014, respectively. Employee Medical Benefits – We purchase employee medical benefits through Maryland Hospitality, Inc. (d/b/a MHI Health), an affiliate of Chesapeake Hospitality for those employees that are employed by Chesapeake Hospitality that work exclusively for our hotel properties. Gross premiums for employee medical benefits paid by the Company (before offset of employee co-payments) were $4,606,967, $4,541,546 and $3,748,587 for the years ended December 31, 2016, 2015, and 2014, respectively. Crowne Plaza Hollywood Beach Resort. As of December 31, 2016, w e own 100% of the Crowne Plaza Hollywood Beach Resort, which is no longer considered a related party and has a new management agreement as of July 31, 2015. However , through July 31, 2015 we owned a 25.0% indirect interest in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort and (ii) the entity that leases the hotel and has engaged Chesapeake Hospitality to operate the hotel under a management contract. The following is a summary of the transactions between Crowne Plaza Hollywood Beach Resort and us: Accounts Receivable – At December 31, 2016 and 2015, we were due $0 and $146,836, respectively, from Crowne Plaza Hollywood Beach Resort. Management Agreement – Crowne Plaza Hollywood Beach Resort was operated by Chesapeake Hospitality under a management agreement that was set to expire August 2017. Under this agreement Chesapeake Hospitality received a base management fee of 3.0% of gross revenues. Base management fees earned by Chesapeake Hospitality totaled $401,954, $592,119 for the period ended July 31, 2015 and the year ended December 31, 2014, respectively. Asset Management Fee – Also, under an asset management agreement that terminated on July 31, 2015, MHI Hospitality TRS II, LLC, an indirect subsidiary of the Company, received a fee of 1.50% of total revenue which is due on a quarterly basis for services rendered. Asset management fees for the period ended July 31, 2015 and the year ended December 31, 2014, were $200,976 and $300,607, respectively. There were no unpaid asset management fees included in accounts payable and accrued liabilities at December 31, 2016 and 2015, respectively Redemption of Units in Operating Partnership – During 2014, we redeemed a total of 3,300 units in the Operating Partnership held by a trust controlled by one current member of our Board of Directors for a total of $25,621 pursuant to the terms of the partnership agreement. Sotherly Foundation – During 2015, the Company loaned $180,000 to the Sotherly Foundation, a non-profit organization to benefit wounded warriors. As of December 31, 2016, the balance of the loan was $80,000. Other Related Parties – On June 24, 2013 we hired Ashley S. Kirkland, the daughter of our Chief Executive Officer as a legal analyst and Robert E. Kirkland IV, her husband, as our compliance officer. On October 2, 2014, we hired Andrew M. Sims Jr., the son of our Chief Executive Officer, as a manager. Compensation for the years ended December 31, 2016, 2015 and 2014 totaled approximately $331,091, $270,240 and $204,000, respectively, for the three individuals. On February 1, 2016, one current member of our Board of Directors redeemed 322,687 units for an equivalent number of shares of the Company’s common stock, and one previous member of our Board of Directors redeemed 100,000 units for an equivalent number of shares of the Company’s common stock, pursuant to the terms of the partnership agreement. On September 16, 2015, one current member of our Board of Directors redeemed 200,000 units for an equivalent number of shares of the Company’s common stock. On April 1, 2015, one previous member of our Board of Directors redeemed 100,000 units for an equivalent number of shares of the Company’s common stock. During the years ending December 31, 2016 and 2015, the Company reimbursed $123,866 and $138,025, respectively, to a partnership controlled by the Chief Executive Officer for business-related air travel pursuant to the Company’s travel reimbursement policy. There were no reimbursements during the year ended December 31, 2014.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	10. Retirement Plans We began a 401(k) plan for qualified employees on April 1, 2006. The plan is subject to “safe harbor” provisions which require that we match 100.0% of the first 3.0% of employee contributions and 50.0% of the next 2.0% of employee contributions. All employer matching funds vest immediately in accordance with the “safe harbor” provisions. Contributions to the plan for the years ended December 31, 2016, 2015, and 2014 were $63,944, $40,768 and $40,586, respectively. We adopted the ESOP as of November 29, 2016, effective January 1, 2016. The ESOP is a non-contributory defined contribution plan covering all employees of the Company. The ESOP is a leveraged ESOP, meaning the contributed funds are loaned to the ESOP from the Company. The Company entered into a loan agreement with the ESOP on December 29, 2016, pursuant to which the ESOP may borrow up to $5.0 million to purchase shares of the Company’s common stock on the open market. As of December 31, 2016, the ESOP had not purchased any shares of the Company’s common stock and had not drawn funds under the loan agreement with the Company. Shares purchased by the ESOP will be held in a suspense account for allocation among participants as contributions are made in the ESOP by the Company. The share allocations will be accounted for at fair value on the date of allocation.

Unconsolidated Joint Venture

Unconsolidated Joint Venture	12 Months Ended
	Dec. 31, 2016
Unconsolidated Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture	11. Unconsolidated Joint Venture As of December 31, 2016, we own 100% of the Crowne Plaza Hollywood Beach Resort. However, through July 31, 2015 we owned only a 25.0% indirect interest in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort and (ii) the entity that leases the hotel and has engaged Chesapeake Hospitality to operate the hotel under a management contract. Carlyle owned a 75.0% indirect controlling interest in these entities through July 31, 2015. The joint venture purchased the property on August 8, 2007 and began operations on September 18, 2007. Summarized financial information for this investment through July 31, 2015, which is accounted for under the equity method, is as follows: Seven Months Ended Year Ended July 31, 2015 December 31, 2014 Revenue Rooms department $ 10,605,941 $ 15,386,595 Food and beverage department 1,911,950 2,968,395 Other operating departments 880,564 1,385,469 Total revenue 13,398,455 19,740,459 Expenses Hotel operating expenses Rooms department 2,062,515 3,270,930 Food and beverage department 1,442,139 2,270,918 Other operating departments 388,087 655,818 Indirect 4,774,322 7,436,198 Total hotel operating expenses 8,667,063 13,633,864 Depreciation and amortization 1,060,339 2,116,211 General and administrative 252,565 148,873 Total operating expenses 9,979,967 15,898,948 Operating income 3,418,488 3,841,511 Interest expense (1,516,433 ) (2,612,032 ) Net income $ 1,902,055 $ 1,229,479

Indirect Hotel Operating Expens

Indirect Hotel Operating Expenses	12 Months Ended
	Dec. 31, 2016
Other Income And Expenses [Abstract]
Indirect Hotel Operating Expenses	12. Indirect Hotel Operating Expenses Indirect hotel operating expenses consists of the following expenses incurred by the hotels: 2016 2015 2014 General and administrative $ 12,419,221 $ 11,595,819 $ 9,823,853 Sales and marketing 13,754,600 11,426,637 9,788,079 Repairs and maintenance 7,401,755 6,948,699 6,278,411 Utilities 6,429,686 6,124,459 5,763,990 Franchise fees 4,091,729 4,016,083 4,122,726 Management fees, including incentive 3,865,362 3,490,586 3,439,807 Property taxes 5,983,280 5,110,659 3,664,022 Insurance 2,594,783 2,305,966 1,927,935 Other 601,276 291,383 263,668 Total indirect hotel operating expenses $ 57,141,692 $ 51,310,292 $ 45,072,491

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The components of the provision for (benefit from) income taxes for the years ended December 31, 2016, 2015, and 2014 are as follows: Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Current: Federal $ — $ — $ — State 191,332 444,538 233,940 191,332 444,538 233,940 Deferred: Federal (1,294,408 ) (1,510,726 ) (1,718,351 ) State (264,558 ) (269,845 ) (243,312 ) (1,558,966 ) (1,780,571 ) (1,961,663 ) $ (1,367,634 ) $ (1,336,033 ) $ (1,727,723 ) A reconciliation of the statutory federal income tax provision (benefit) to the Company’s provision for (benefit from) income tax is as follows: Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Statutory federal income tax expense $ (158,859 ) $ 1,705,610 $ (838,519 ) Effect of non-taxable REIT income (1,135,549 ) (2,866,950 ) (898,576 ) State income tax benefit (73,226 ) (174,693 ) 9,372 $ (1,367,634 ) $ (1,336,033 ) $ (1,727,723 ) As of December 31, 2016 and 2015, we had a net deferred tax asset of approximately $6.9 million and $5.4 million, respectively, of which, approximately $6.0 million and $4.5 million, respectively, are due to accumulated net operating losses of our TRS Lessee. These loss carryforwards will begin to expire in 2028 if not utilized. As of December 31, 2016 and 2015, approximately $0.2 million and $0.2 million, respectively, of the deferred tax asset is attributable to our share of start-up expenses related to the Crowne Plaza Hollywood Beach Resort and start-up expenses related to the opening of the Sheraton Louisville Riverside and the Crowne Plaza Tampa Westshore, all of which were not deductible when incurred and are now being amortized over 15 years. The remainder of the deferred tax asset is attributable to year-to-year timing differences for accrued, but not deductible, employee performance awards, vacation and sick pay, bad debt allowance and depreciation. We record a valuation allowance to reduce deferred tax assets to an amount that we believe is more likely than not to be realized. Because of expected future taxable income of our TRS Lessee, we have not recorded a valuation allowance to reduce our net deferred tax asset as of December 31, 2016. We regularly evaluate the likelihood that our TRS Lessee will be able to realize its deferred tax assets and the continuing need for a valuation allowance. At December 31, 2016, we determined, based on all available positive and negative evidence, that it is more-likely-than-not that future taxable income will be available during the carryforward periods to absorb all of the consolidated federal and state net operating loss carryforward of our TRS Lessee. A number of factors played a critical role in this determination, including: • a demonstrated track record of past profitability and utilization of past NOL carryforwards, • reasonable forecasts of future taxable income, and • anticipated changes in the lease rental payments from the TRS Lessee to subsidiaries of the Operating Partnership. At December 31, 2016, we determined, based on all available positive and negative evidence, that it is more-likely-than-not that future taxable income will be available during the carryforward periods to absorb all of the consolidated federal and state net operating loss carryforward.

Income (Loss) Per Share and Per

Income (Loss) Per Share and Per Unit	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Income (Loss) per Share and per Unit	14. Income (Loss) per Share and per Unit Income (Loss) Per Share . The limited partners’ outstanding limited partnership units in the Operating Partnership (which may be redeemed for common stock upon notice from the limited partner and following our election to redeem the units for stock rather than cash) have been excluded from the diluted earnings per share calculation as there would be no effect on the amounts since the limited partners’ share of income would also be added back to net income (loss). The shares of Series B Preferred Stock are not convertible into or exchangeable for any other property or securities of the Company, except upon the occurrence of a change of control and have been excluded from the diluted earnings per share calculation as there would be no impact on the current controlling stockholders. The computation of basic and diluted income (loss) per share is presented below. Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Numerator Net income/(loss) attributable to the common shareholders for basic computation $ (218,173 ) $ 5,356,666 $ (584,671 ) Denominator Weighted average number of common shares outstanding for basic computation 14,896,994 12,541,117 10,377,125 Basic and diluted net income (loss) per share $ (0.01 ) $ 0.43 $ (0.06 ) Income (Loss) Per Unit . The computation of basic and diluted income (loss) per unit is presented below. Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Numerator Net income/(loss) attributable to the common unitholders for basic computation $ (244,740 ) $ 6,397,653 $ (738,509 ) Denominator Weighted average number of units outstanding 16,710,935 14,924,410 13,107,413 Basic and diluted net income (loss) per unit $ (0.01 ) $ 0.43 $ (0.06 )

Quarterly Operating Results - U

Quarterly Operating Results - Unaudited	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results - Unaudited	15. Quarterly Operating Results - Unaudited Quarters Ended 2016 March 31 June 30 September 30 December 31 Total revenue $ 37,810,144 $ 41,824,954 $ 37,275,312 $ 35,935,342 Total operating expenses 33,025,990 34,645,809 33,539,913 33,026,914 Net operating income 4,784,154 7,179,145 3,735,399 2,908,428 Net income(loss) 545,874 1,977,550 (1,549,191 ) (74,084 ) Net income (loss) attributable to common shareholders 483,095 1,761,106 (1,716,234 ) (746,140 ) Earnings (loss) per share attributable to common shareholders– basic and diluted $ 0.03 $ 0.12 $ (0.11 ) $ (0.05 ) Quarters Ended 2015 March 31 June 30 September 30 December 31 Total revenue $ 30,975,630 $ 36,865,108 $ 33,941,875 $ 36,750,863 Total operating expenses 27,410,462 29,689,455 31,976,036 34,127,473 Net operating income 3,565,168 7,175,653 1,965,839 2,623,390 Net income(loss) 713,859 1,759,109 4,636,644 (711,959 ) Net income (loss) attributable to common shareholders 575,336 1,431,110 3,872,394 (522,174 ) Earnings (loss) per share attributable to common shareholders– basic and diluted $ 0.05 $ 0.13 $ 0.27 $ (0.04 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events The Company sponsors and maintains an ESOP and related trust for the benefit of its eligible employees. The ESOP, which was established January 1, 2016, is funded by a loan from the Company, pursuant to which the ESOP may borrow up to $5,000,000 to purchase shares of the Company’s common stock. From January 3, 2017 to February 28, 2017 the ESOP purchased 682,500 shares of common stock for approximately $4.9 million . On January 11, 2017, we paid a quarterly dividend (distribution) of $0.095 per common share (and unit) to those stockholders (and unitholders of the Operating Partnership) of record on December 15, 2016. On January 30, 2017, we authorized payment of a quarterly dividend (distribution) of $0.10 per common share (and unit) to the stockholders (and unitholders of the Operating Partnership) of record as of March 15, 2017. The dividend (distribution) is to be paid on April 11, 2017. On January 30, 2017, we authorized payment of a quarterly dividend of $0.50 per preferred share (and unit) to the preferred stockholders (and unitholders of the Operating Partnership) of record as of March 15, 2017. The dividend is to be paid on April 17, 2017. On January 30, 2017, we closed on the purchase of the hotel commercial unit of the Hyde Resort & Residences, a 400-unit condominium-hotel under development in the Hollywood, Florida market, for an aggregated price of approximately $4.8 million from 4111 South Ocean Drive, LLC. On February 7, 2017, we closed on the sale of the Crowne Plaza Hampton Marina to Marina Hotels, LLC for an approximate price of $5.6 million. On March 1, 2017, Kim E. Sims resigned as a member of the board of directors of the Company.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2016
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Schedule III - Real Estate and Accumulated Depreciation	SOTHERLY HOTELS INC. SOTHERLY HOTELS LP SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATION AS OF DECEMBER 31, 2016 (in thousands) Costs Capitalized Life on Initial Costs Subsequent to Acquisition Gross Amount At End of Year Accumulated Which Building & Building & Building & Depreciation Date of Date Depreciation Description Encumbrances Land Improvements Land Improvements Land Improvements Total & Impairment Construction Acquired is Computed Crowne Plaza Hampton Marina – Hampton, Virginia $ 2,585 $ 1,061 $ 6,733 $ 36 3,796 $ 1,097 $ 10,529 $ 11,626 $ (4,296 ) 1988 2008 3-39 years Crowne Plaza Hollywood Beach Resort - Hollywood Beach, Florida 58,936 22,865 67,660 — (124 ) 22,865 67,536 90,401 (2,646 ) 1972 2015 3-39 years Crowne Plaza Tampa Westshore – Tampa, Florida 15,561 4,153 9,670 297 22,259 4,450 31,929 36,379 (7,707 ) 1973 2007 3-39 years DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida 19,292 7,090 14,604 89 7,113 7,179 21,717 28,896 (5,881 ) 1970 2005 3-39 years DoubleTree by Hilton Laurel – Laurel, Maryland 9,329 900 9,443 175 5,679 1,075 15,122 16,197 (3,913 ) 1985 2004 3-39 years DoubleTree by Hilton Philadelphia Airport – Philadelphia, Pennsylvania 31,262 2,100 22,031 260 5,478 2,360 27,509 29,869 (8,281 ) 1972 2004 3-39 years DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina 14,774 815 7,416 213 5,761 1,028 13,177 14,205 (4,831 ) 1971 2004 3-39 years Georgian Terrace – Atlanta, Georgia 45,826 10,128 45,386 (1,332 ) 4,811 8,796 50,197 58,993 (3,715 ) 1911 2014 3-39 years Hilton Savannah DeSoto – Savannah, Georgia 30,000 600 13,562 31 14,545 631 28,107 28,738 (8,640 ) 1968 2004 3-39 years Hilton Wilmington Riverside – Wilmington, North Carolina 30,000 785 16,829 228 12,514 1,013 29,343 30,356 (11,283 ) 1970 2004 3-39 years Sheraton Louisville Riverside – Jeffersonville, Indiana 11,977 782 6,891 222 14,566 1,004 21,457 22,461 (5,074 ) 1972 2006 3-39 years The Whitehall – Houston, Texas 15,000 7,374 22,185 78 4,431 7,452 26,616 34,068 (2,239 ) 1963 2013 3-39 years $ 284,542 $ 58,653 $ 242,410 $ 297 $ 100,829 $ 58,950 $ 343,239 $ 402,189 $ (68,506 ) (1) RECONCILIATION OF REAL ESTATE AND ACCUMULATED DEPRECIATION RECONCILIATION OF REAL ESTATE Balance at December 31, 2014 $ 294,827 Acquisitions 91,669 Improvements 11,105 Disposal of Assets (3,971 ) Balance at December 31, 2015 $ 393,630 Acquisitions — Improvements 9,473 Disposal of Assets (914 ) Balance at December 31, 2016 $ 402,189 RECONCILIATION OF ACCUMULATED DEPRECIATION Balance at December 31, 2014 $ 53,233 Current Expense 8,790 Impairment 500 Disposal of Assets (482 ) Balance at December 31, 2015 $ 62,041 Current Expense 7,018 Impairment — Disposal of Assets (553 ) Balance at December 31, 2016 $ 68,506 F-1

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The consolidated financial statements of the Company presented herein include all of the accounts of Sotherly Hotels Inc., the Operating Partnership, MHI TRS and subsidiaries and have been prepared using accounting principles generally accepted in the United States of America (“GAAP”). All significant inter-company balances and transactions have been eliminated. The consolidated financial statements of the Operating Partnership presented herein include all of the accounts of Sotherly Hotels LP, MHI TRS and subsidiaries. All significant inter-company balances and transactions have been eliminated. Additionally, all administrative expenses of the Company and those expenditures made by the Company on behalf of the Operating Partnership are reflected as the administrative expenses, expenditures and obligations thereto of the Operating Partnership, pursuant to the terms of the Partnership Agreement.
Investment in Hotel Properties	Investment in Hotel Properties – Investments in hotel properties include investments in operating properties which are recorded at fair value on acquisition date and allocated to land, property and equipment and identifiabl e intangible assets. Replacements and improvements are capitalized, while repairs and maintenance are expensed as incurred. Upon the sale or retirement of a fixed asset, the cost and related accumulated depreciation are removed from our accounts and any resulting gain or loss is included in the statements of operations. Expenditures under a renovation project, which constitute additions or improvements that extend the life of the property, are capitalized. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, generally 7 to 39 years for buildings and building improvements and 3 to 10 years for furniture, fixtures and equipment. Leasehold improvements are amortized over the shorter of the lease term or the useful lives of the related assets. We review our investments in hotel properties for impairment whenever events or changes in circumstances indicate that the carrying value of the hotel properties may not be recoverable. Events or circumstances that may cause a review include, but are not limited to, adverse permanent changes in the demand for lodging at the properties due to declining national or local economic conditions and/or new hotel construction in markets where the hotels are located. When such conditions exist, management performs an analysis to determine if the estimated undiscounted future cash flows from operations and the proceeds from the ultimate disposition of a hotel property exceeds its carrying value. If the estimated undiscounted future cash flows are found to be less than the carrying amount of the asset, an adjustment to reduce the carrying amount to the related hotel property’s estimated fair market value would be recorded and an impairment loss recognized. Our review of possible impairment at one of our hotel properties and a re-evaluation of future revenues and expenses based on anticipated market conditions, market penetration and costs necessary to achieve such market penetration revealed an excess of current carrying cost over the estimated undiscounted future cash flows and current fair values during the period ending December 31, 2015, resulting in an impairment of approximately $0.5 million, as of December 31, 2015. Our review of possible impairment at the same hotel property for 2014, which was triggered by a combination of a change in anticipated use and future branding of the property; and a re-evaluation of future revenues based on anticipated market conditions, market penetration, costs necessary to achieve such market penetration and the then current fair value, resulted in an impairment of approximately $3.2 million, as of December 31, 2014.
Assets Held For Sale	Assets Held For Sale – The Company records assets as held for sale when management has committed to a plan to sell the a ssets, actively seeks a buyer for the assets, and the consummation of the sale is considered probable and is expected within one year.
Investment in Joint Venture	Investment in Joint Venture – Investment in joint venture represents our noncontrolling indirect 25.0% equity interest, through July 30, 2015, in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort and (ii) the entity that leases the hotel and has engaged Chesapeake Hospitality to operate the hotel under a management contract. The Carlyle Group (“Carlyle”) owned a 75.0% controlling indirect interest in these entities during this period. We accounted for our investment in the joint venture under the equity method of accounting and were entitled to receive our pro rata share of annual cash flow. We also had the opportunity to earn an incentive participation in the net sale proceeds based upon the achievement of certain overall investment returns, in addition to our pro rata share of net sale proceeds. On July 31, 2015, we acquired the remaining 75.0% interest in (i) the entity that owns the Crowne Plaza Hollywood Beach Resort, and (ii) the entity that leases the Crowne Plaza Hollywood Beach Resort. As a result, we now has a 100% indirect ownership interest in the entities that own the Crowne Plaza Hollywood Beach Resort and consolidates the financial results of operations within the financial statements from August 1, 2015 through December 31, 2015 and for the year ended December 31, 2016. In addition we recorded a gain on change in control of $6,603,148. The overall enterprise fair value based on underlying acquired assets was used to determine the fair value of the equity interest on the date of acquisition. The value was reduced by a minority interest discount to arrive at the fair value used to calculate the gain on the acquisition.
Cash and Cash Equivalents	Cash and Cash Equivalents – We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Concentration of Credit Risk	Concentration of Credit Risk – We hold cash accounts at sever al institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) protection limits of $250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management reviews, on a regular basis, the balances on deposit to minimize our potential risk.
Restricted Cash	Restricted Cash – Restricted cash includes real estate tax escrows, insurance escrows and reserves for replacements of furniture, fixtures and equipment pursuant to certain requirements in our various mortgage agreements.
Accounts Receivable	Accounts Receivable – Accounts receivable consists primarily of hotel guest and banqueting receivables. Ongoing evaluations of collectability are pe rformed and an allowance for potential credit losses is provided against the portion of accounts receivable that is estimated to be uncollectible.
Inventories	Inventories – Inventories, consisting primarily of food and beverages, are stated at the lower of cost or m arket, with cost determined on a method that approximates first-in, first-out basis.
Franchise License Fees	Franchise License Fees – Fees expended to obtain or renew a franchise license are amortized over the life of the license or renewal. The unamortized franchise fees as of December 31, 2016 and 2015 were approximately $386,612 and $339,542, respectively. Amortization expense for the years ended December 31, 2016, 2015, and 2014 was $52,330, $53,347 and $44,650, respectively.
Deferred Financing and Offering Costs	Deferred Financing and Offering Costs – Deferred financing costs are recorded at cost and consist of loan fees and other costs incurred in iss uing debt and are reflected in mortgage loans, net on the consolidated balance sheets. Deferred offering costs are recorded at cost and consist of offering fees and other costs incurred in issuing equity and are reflected in prepaid expenses, inventory and other assets on the consolidated balance sheets. Amortization of deferred financing costs is computed using a method that approximates the effective interest method over the term of the related debt and is included in interest expense in the consolidated statements of operations. Our amortization of deferred offering costs occurs when one of our common equity offerings is complete, whereby the costs are offset against the equity funds raised in the future and included in additional paid in capital on the consolidated balance sheets, or if the offering expires and the offering costs exceed the funds raised in the offering then the excess will be included in corporate general and administrative expenses in the consolidated statements of operations.
Derivative Instruments	Derivative Instruments – Our derivative instruments are reflected as assets or liabilities on the balance sheet and measured at fair value. Derivative instruments used to hedge the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as an interest rate risk, are considered fair value hedges. Derivative instruments used to hedge exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. For a derivative instrument designated as a cash flow hedge, the change in fair value each period is reported in accumulated other comprehensive income in stockholders’ equity and partners’ capital to the extent the hedge is effective. For a derivative instrument designated as a fair value hedge, the change in fair value each period is reported in earnings along with the change in fair value of the hedged item attributable to the risk being hedged. For a derivative instrument that does not qualify for hedge accounting or is not designated as a hedge, the change in fair value each period is reported in earnings. We use derivative instruments to add stability to interest expense and to manage our exposure to interest-rate movements. To accomplish this objective, we primarily are using an interest rate cap which acts as a cash flow hedge and is not designated as a hedge. We value our interest-rate cap at fair value, which we define as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). We also have used derivative instruments in the Company’s stock to obtain more favorable terms on our financing. We do not enter into contracts to purchase or sell derivative instruments for speculative trading purposes.
Fair Value Measurements	Fair Value Measurements – We classify the inputs used to measure fair value into the following hierarchy: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities. L evel 2 Unadjusted quoted prices in active markets for similar assets or liabilities, or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or Inputs other than quoted prices that are observable for the asset or liability. Level 3 Unobservable inputs for the asset or liability. We endeavor to utilize the best available information in measuring fair value. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following table represents our assets and liabilities measured at fair value and the basis for that measurement: Level 1 Level 2 Level 3 December 31, 2015 Investment in hotel property, net (1) $ — $ — $ 5,700,762 Interest Rate Cap (4) $ — $ 70,981 $ — Mortgage loans (2) $ — $ (272,933,327 ) $ — Unsecured notes (3) $ (54,238,600 ) $ — $ — December 31, 2016 Interest Rate Cap (4) $ — $ 33,597 $ — Mortgage loans (2) $ — $ (281,840,780 ) $ — Unsecured notes (3) $ (26,241,160 ) $ — $ — (1) A non-recurring fair value measurement was conducted in 2015 for our investment in hotel property, which resulted in a recorded impairment charge for the year ended December 31, 2015, which represent the amounts by which the carrying value of the asset group exceeded its fair value. (2) Mortgage loans are reflected at carrying value on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. (3) Unsecured notes are recorded at historical cost on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. (4) An interest rate cap on the DoubleTree by Hilton Jacksonville Riverfront mortgage with the Bank of the Ozarks is recorded at fair value on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015.
Noncontrolling Interest in Operating Partnership	Noncontrolling Interest in Operating Partnership – Certain hotel properties have been acquired, in part, by the Operating Partnership through the issuance of limited partnership units of the Operating Partnership. The noncontrolling interes t in the Operating Partnership is: (i) increased or decreased by the limited partners’ pro-rata share of the Operating Partnership’s net income or net loss, respectively; (ii) decreased by distributions; (iii) decreased by redemption of partnership units for the Company’s common stock; and (iv) adjusted to equal the net equity of the Operating Partnership multiplied by the limited partners’ ownership percentage immediately after each issuance of units of the Operating Partnership and/or the Company’s common stock through an adjustment to additional paid-in capital. Net income or net loss is allocated to the noncontrolling interest in the Operating Partnership based on the weighted average percentage ownership throughout the period.
Revenue Recognition	Revenue Recognition – Re venues from operations of the hotels are recognized when the services are provided. Revenues consist of room sales, food and beverage sales, and other hotel department revenues, such as telephone, parking, gift shop sales and rentals from restaurant tenants, rooftop leases and gift shop operators. Revenues are reported net of occupancy and other taxes collected from customers and remitted to governmental authorities.
Lease Revenue	Lease Revenue – Several of our properties generate revenue from leasing commercial space adjacent to the hotel, the restaurant space within the hotel, apartment units and space on the roofs of our hotels for antennas and satellite dishes. We account for the lease income as revenue from other operating departments within the consolidated statement of operations pursuant to the terms of each lease. Lease revenue was $1,785,934, $1,776,518 and $1,657,614, for the years ended December 31, 2016, 2015, and 2014, respectively. A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: December 31, 2017 $ 1,105,165 December 31, 2018 632,365 December 31, 2019 544,920 December 31, 2020 499,294 December 31, 2021 246,388 December 31, 2022 and thereafter 1,661,913 Total $ 4,690,045
Income Taxes	Income Taxes – The Company has elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended. As a REIT, the Company generally will not be subject to federal income tax. MHI TRS, our wholly owned taxable REIT subsidiary wh ich leases our hotels from subsidiaries of the Operating Partnership, is subject to federal and state income taxes. We account for income taxes using the asset and liability method under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. At December 31, 2016, deferred tax assets total approximately $6.9 million, of which approximately $6.0 million relate to net operating losses of our TRS Lessee. A valuation allowance is required for deferred tax assets if, based on all available evidence, it is “more-likely-than-not” that all or a portion of the deferred tax asset will or will not be realized due to the inability to generate sufficient taxable income in certain financial statement periods. The “more-likely-than-not” analysis means the likelihood of realization is greater than 50%, that we will or will not be able to fully utilize the deferred tax assets against future taxable income. The net amount of deferred tax assets that are recorded on the financial statements must reflect the tax benefits that are expected to be realized using these criteria. We perform this analysis by evaluating future hotel revenues and expenses accounting for certain non-recurring costs and expenses during the current and prior two fiscal years as well as anticipated changes in the lease rental payments from the TRS Lessee to subsidiaries of the Operating Partnership. We have determined that it is more-likely-than-not that we will be able to fully utilize our deferred tax assets for future tax consequences, therefore no valuation allowance is required. As of December 31, 2016, we had no uncertain tax positions. Our policy is to recognize interest and penalties related to uncertain tax positions in income tax expense. As of December 31, 2016, the tax years that remain subject to examination by the major tax jurisdictions to which the Company is subject generally include 2010 through 2015. In addition, as of December 31, 2016, the tax years that remain subject to examination by the major tax jurisdictions to which MHI TRS is subject generally include 2004 through 2015. The Operating Partnership is generally not subject to federal and state income taxes as the unit holders of the Partnership are subject to tax on their respective shares of the Partnership’s taxable income.
Stock-Based Compensation	Stock-based Compensation – The Company’s 2004 Long Term Incentive Plan (the “2004 Plan”) and its 2013 Long-Term Incentive Plan (the “2013 Plan”), which the Company’s stockholders approved in April 2013, permit the grant of stock options, restricted stock and performance share compensation awards to its employees and directors for up to 350,000 and 750,000 shares of common stock, respectively. The Company believes that stock awards align the interests of its employees with those of its stockholders. Under the 2004 Plan, the Company has made restricted stock and deferred stock awards totaling 337,438 shares including 255,938 shares issued to certain executives and employees and 81,500 restricted shares issued to its independent directors. Of the 255,938 shares issued to certain of our executives and employees, all have vested except 6,000 shares issued to the Chief Financial Officer upon execution of his employment contract which will vest pro rata on each of the next two anniversaries of the effective date of his employment agreement. All of the 81,500 restricted shares issued to the Company’s independent directors have vested. The 2004 plan was terminated in 2013. Under the 2013 Plan, the Company has made stock awards totaling 121,100 shares, including 74,600 non-restricted shares to certain executives, directors and employees, and 46,500 restricted shares issued to its independent directors. All awards have vested except for 12,000 shares issued to the Company’s independent directors in February 2017. Previously, under the 2004 Plan, and currently, under the 2013 Plan, the Company may issue a variety of performance-based stock awards, including nonqualified stock options. The value of the awards is charged to compensation expense on a straight-line basis over the vesting or service period based on the value of the award as determined by the Company’s stock price on the date of grant or issuance. As of December 31, 2016, no performance-based stock awards have been granted. Consequently, stock-based compensation as determined under the fair-value method would be the same under the intrinsic-value method. Total compensation cost recognized under the 2004 Plan and 2013 Plan for the years ended December 31, 2016, 2015, and 2014 was $211,682, $285,978 and $245,565, respectively. The 2004 Plan was terminated in April 2013. On February 15, 2017, the NCGC Committee approved the suspension of the Company’s Long Term Stock Bonus Program (the “LTSBP”), a stock-based compensation program approved by the board on April 16, 2013 and implemented in conjunction with and aligned with the duration of the Company’s 2013 Plan.
Advertising	Advertising – Advertising costs were $ 452,665, $280,625 and $198,991 for the years ended December 31, 2016, 2015, and 2014, respectively and are expensed as incurred.
Comprehensive Income (Loss)	Comprehensive Income (Loss) – Comprehensive income (loss), as defined, includes all changes in equity (net assets) during a period from non-owner sources. We do not have any items of comprehensive income (loss) other than net income (loss).
Segment Information	Segment Information – We have determined that our business is conducted in one reportable segment: hotel ownership.
Use of Estimates	Use of Estimates – The preparation of the financial statements in conformity with accounting principles generally acc epted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Reclassifications	Reclassifications – Certain reclassifications in the amount of $ 4.1 million, from deferred financing costs, net in total assets on the consolidating balance sheet, have been netted against mortgage loans and unsecured debt on the December 31, 2015 balances to conform to the current period presentation. This presentation applies Accounting Standards Update (“ASU”) 2015-03, “ “ Simplifying the Presentation of Debt Issuance Costs.” Loss on early debt extinguishments in the amount of $698,083 has been reclassified from amortization of deferred financing costs on the consolidated statements of cash flows as of December 31, 2015 to conform to the current period presentation.
New Accounting Pronouncements	New Accounting Pronouncements – In November 2016, the FASB issued ASU 2016-18, . This ASU addresses the diversity within entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic 230. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early application of this ASU is permitted for all entities. We are currently assessing the impact that the adoption of this standard will have on the statements of cash flows. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230) In May 2016, the FASB issued ASU No. 2016-12, “Revenue from Contracts with Customers – Narrow-Scope Improvements and Practical Expedients”. The amendments in this ASU provide clarification to certain core recognition principles related to ASU No. 2014-09 including collectability, sales tax presentation, noncash consideration, contract modifications and completed contracts at transition and disclosures no longer required if the full retrospective transition method is adopted. The amendments do not change the core principle of the guidance. We will adopt this ASU as of our quarter ending March 31, 2018. We are currently evaluating the standard to determine the impact of the adoption of this guidance on our financial statements. In April 2016, the FASB issued ASU No. 2016-10, “Revenue from Contracts with Customers – Narrow-Scope Improvements and Practical Expedients”. This update clarifies guidance related to identifying performance obligations and licensing implementation contained in ASU No. 2014-09. The amendments do not change the core principle of the guidance. We will adopt this ASU as of our quarter ending March 31, 2018. We are currently evaluating the standard to determine the impact of the adoption of this guidance on our financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In April 2015, the FASB issued ASU 2015-03 related to In February 2015, the FASB issued ASU 2015-02 related to ASC Topic 810, Consolidation, t As the Operating Partnership is already consolidated within the consolidated balance sheets of the Company, the identification of this entity as a variable interest entity has no impact on the consolidated financial statements of the Company. In May 2014, the FASB issued ASU 2014-09 related to ASC Topic 606, Revenue from Contracts with Customers. Revenue Recognition Revenue Recognition—Construction-Type and Production-Type Contracts Property, Plant, and Equipment Intangibles—Goodwill and Other

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following table represents our assets and liabilities measured at fair value and the basis for that measurement: Level 1 Level 2 Level 3 December 31, 2015 Investment in hotel property, net (1) $ — $ — $ 5,700,762 Interest Rate Cap (4) $ — $ 70,981 $ — Mortgage loans (2) $ — $ (272,933,327 ) $ — Unsecured notes (3) $ (54,238,600 ) $ — $ — December 31, 2016 Interest Rate Cap (4) $ — $ 33,597 $ — Mortgage loans (2) $ — $ (281,840,780 ) $ — Unsecured notes (3) $ (26,241,160 ) $ — $ — (1) A non-recurring fair value measurement was conducted in 2015 for our investment in hotel property, which resulted in a recorded impairment charge for the year ended December 31, 2015, which represent the amounts by which the carrying value of the asset group exceeded its fair value. (2) Mortgage loans are reflected at carrying value on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. (3) Unsecured notes are recorded at historical cost on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015. (4) An interest rate cap on the DoubleTree by Hilton Jacksonville Riverfront mortgage with the Bank of the Ozarks is recorded at fair value on our Consolidated Balance Sheet as of December 31, 2016 and December 31, 2015.
Schedule of Minimum Future Lease Payments Receivable	A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: December 31, 2017 $ 1,105,165 December 31, 2018 632,365 December 31, 2019 544,920 December 31, 2020 499,294 December 31, 2021 246,388 December 31, 2022 and thereafter 1,661,913 Total $ 4,690,045

Acquisition of Hotel Properti27

Acquisition of Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Allocation of Purchase Price Based on Fair Values	The allocation of the purchase price based on their fair values was as follows: Georgian Terrace Crowne Hollywood Beach Resort Land and land improvements $ 10,127,687 $ 24,008,289 Buildings and improvements 45,385,939 64,854,787 Furniture, fixtures and equipment 5,163,135 2,802,135 Investment in hotel properties 60,676,761 91,665,211 Restricted cash 124,658 1,159,759 Accounts receivable 465,287 140,588 Prepaid expenses, inventory and other assets 430,997 797,505 Assumed mortgage — (57,259,159 ) Accounts payable and accrued liabilities (591,618 ) (2,485,442 ) Equity investment — (1,889,560 ) Gain on change in control — (6,603,148 ) Net cash $ 61,106,085 $ 25,525,754
Pro Forma Results Prepared for Comparative Purposes	The pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations which would have actually occurred had the transactions taken place on January 1, 2014, or of future results of operations: December 31, 2015 December 31, 2014 (unaudited) (unaudited) Pro forma revenues $ 151,931,931 $ 147,451,042 Pro forma operating expenses $ 133,346,497 $ 129,961,867 Pro forma operating income $ 18,585,434 $ 17,489,175 Pro forma net income (loss) $ 1,017,180 $ (1,671,774 ) Pro forma earnings (loss) per basic and diluted share $ 0.07 $ (0.10 ) Pro forma earnings (loss) per basic and diluted units $ 0.07 $ (0.10 ) Pro forma basic and diluted common shares 12,541,117 13,812,125 Pro forma basic and diluted units 14,924,410 16,542,413

Investment in Hotel Propertie28

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net (Tables)	12 Months Ended
	Dec. 31, 2016
Real Estate [Abstract]
Schedule of Investment in Hotel Properties, Net	Investment in hotel properties as of December 31, 2016 and 2015 consisted of the following: December 31, 2016 December 31, 2015 Land and land improvements $ 57,851,380 $ 59,910,212 Buildings and improvements 336,996,876 333,720,421 Furniture, fixtures and equipment 43,458,781 42,245,334 438,307,037 435,875,967 Less: accumulated depreciation and impairment (89,713,125 ) (80,912,725 ) Investment in Hotel Properties, Net $ 348,593,912 $ 354,963,242
Schedule of Investment in Hotel Properties Held for Sale, Net	Investment in hotel properties held for sale, net as of December 31, 2016 and 2015 consisted of the following: December 31, 2016 December 31, 2015 Land and land improvements $ 1,097,096 $ — Buildings and improvements 6,242,504 — Furniture, fixtures and equipment 2,289,008 — 9,628,608 — Less: accumulated depreciation and impairment (4,295,608 ) — Investment in Hotel Properties Held for Sale, Net $ 5,333,000 $ —

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of Mortgage Debt Obligations on Hotels	The following table sets forth our mortgage debt obligations on our hotels. Balance Outstanding as of December 31, December 31, Prepayment Maturity Amortization Interest Property 2016 2015 Penalties Date Provisions Rate Crowne Plaza Hampton Marina (1) $ 2,584,633 $ 3,512,586 None 11/1/2019 3 years 5.00% Crowne Plaza Hollywood Beach Resort (2) 58,935,818 59,795,743 n/a 10/1/2025 30 years 4.913% Crowne Plaza Tampa Westshore (3) 15,561,400 13,016,045 None 6/30/2019 25 years LIBOR plus 3.75 % DoubleTree by Hilton Jacksonville Riverfront (4) 19,291,716 19,774,577 Yes 7/7/2019 25 years LIBOR plus 3.50 % DoubleTree by Hilton Laurel (5) 9,329,005 9,500,000 Yes 8/5/2021 25 years 5.25% DoubleTree by Hilton Philadelphia Airport (6) 31,261,991 32,376,795 None 4/1/2019 25 years LIBOR plus 3.00 % DoubleTree by Hilton Raleigh Brownstone University (7) 14,773,885 15,029,121 n/a 8/1/2018 30 years 4.78% The Georgian Terrace (8) 45,826,038 46,579,011 n/a 6/1/2025 30 years 4.42% Hilton Savannah DeSoto (9) 30,000,000 20,522,836 Yes 7/1/2026 25 years 4.25% Hilton Wilmington Riverside (10) 30,000,000 19,825,772 Yes 1/1/2027 25 years 4.25% Sheraton Louisville Riverside (11) 11,977,557 11,345,866 Yes 12/1/2026 25 years 4.27% The Whitehall (12) 15,000,000 20,459,256 Yes 10/12/2021 18 years LIBOR plus 3.50 % Total Mortgage Principal Balance $ 284,542,043 $ 271,737,608 Deferred financing costs, net (2,049,409 ) (1,646,220 ) Unamortized premium on loan 215,655 240,336 Total Mortgage Loans, Net $ 282,708,289 $ 270,331,724 (1) The note was extended and modified in November 2016 for 3 years until November 1, 2019 and the Operating Partnership was required to make monthly principal payments of $15,367. The note rate was changed to a fixed rate of 5.00%, effective June 27, 2014. As of February 7, 2017, the note is no longer outstanding. (2) With limited exception, the note may not be prepaid until June 2025. (3) The note provides initial proceeds of $15.7 million, with an additional $3.3 million available upon the satisfaction of certain conditions; bears a floating interest rate of the 30-day LIBOR plus 3.75%, subject to a floor rate of 3.75%; the note provides that the mortgage can be extended for two additional periods of one year each, subject to certain conditions. (4) The note is subject to a pre-payment penalty until July 2017. Prepayment can be made without penalty thereafter. The note provides that the mortgage can be extended until July 2020 if certain conditions have been satisfied. (5) The note is subject to a pre-payment penalty except for any pre-payments made either between April 2017 and August 2017, or from April 2021 through maturity of the note. The note provides that on January 5, 2018, the rate of interest will adjust to a rate of 3.00% per annum plus the then-current five-year U.S. Treasury rate of interest, with a floor of 5.25%. (6) The note bears a minimum interest rate of 3.50%. (7) With limited exception, the note may not be prepaid until two months before maturity. (8) With limited exception, the note may not be prepaid until February 2025. (9) The note provides initial proceeds of $30.0 million, with an additional $5.0 million available upon the satisfaction of certain conditions, namely, the completion of a renovation project; amortizes on a 25-year schedule after a 1-year interest-only period; and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (10) The note provides initial proceeds of $30.0 million, with an additional $5.0 million available upon the satisfaction of certain conditions namely, the completion of a renovation project; amortizes on a 25-year schedule after a 1-year interest-only period; and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (11) The note bears a fixed interest rate of 4.27% for the first 5 years of the loan, with an option for the lender to reset the interest rate after 5 years. (12) The note was refinanced in October 2016, provides initial proceeds of $15.0 million, with an additional $5.5 million available upon the satisfaction of certain conditions; bears a floating interest rate of the 1-month LIBOR plus 3.5%, subject to a floor rate of 4.0% and is subject to prepayment penalties subject to a declining scale from 3.0% penalty on or before the first anniversary date, a 2.0% penalty during the second anniversary year and a 1.0% penalty after the third anniversary date.
Schedule of Future Mortgage Debt Maturities	Total future mortgage debt maturities, without respect to any extension of loan maturity, as of December 31, 2016 were as follows: For the year ending: December 31, 2017 $ 6,363,323 December 31, 2018 24,626,923 December 31, 2019 73,423,203 December 31, 2020 9,248,750 December 31, 2021 31,008,186 December 31, 2022 and thereafter 139,871,658 Total future maturities $ 284,542,043

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Schedule of Minimum Future Lease Payments	A schedule of minimum future lease payments for the following twelve-month periods is as follows: For the year ending: December 31, 2017 $ 223,682 December 31, 2018 176,740 December 31, 2019 100,480 December 31, 2020 95,482 December 31, 2021 95,482 December 31, 2022 and thereafter 445,583 Total $ 1,137,449

Common Stock and Units (Tables)

Common Stock and Units (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Quarterly Distributions Declared and Payable by Operating Partnership	Common Unit Distributions – The following table presents the quarterly distributions by the Operating Partnership declared and payable per common unit for the years ended December 31, 2016, 2015, and 2014: Quarter Ended 2014 2015 2016 March 31, $ 0.045 $ 0.070 $ 0.085 June 30, $ 0.050 $ 0.075 $ 0.090 September 30, $ 0.065 $ 0.080 $ 0.095 December 31, $ 0.065 $ 0.080 $ 0.095

Unconsolidated Joint Venture (T

Unconsolidated Joint Venture (Tables)	12 Months Ended
	Dec. 31, 2016
Equity Method Investments And Joint Ventures [Abstract]
Summarized Financial Information of Investment	Summarized financial information for this investment through July 31, 2015, which is accounted for under the equity method, is as follows: Seven Months Ended Year Ended July 31, 2015 December 31, 2014 Revenue Rooms department $ 10,605,941 $ 15,386,595 Food and beverage department 1,911,950 2,968,395 Other operating departments 880,564 1,385,469 Total revenue 13,398,455 19,740,459 Expenses Hotel operating expenses Rooms department 2,062,515 3,270,930 Food and beverage department 1,442,139 2,270,918 Other operating departments 388,087 655,818 Indirect 4,774,322 7,436,198 Total hotel operating expenses 8,667,063 13,633,864 Depreciation and amortization 1,060,339 2,116,211 General and administrative 252,565 148,873 Total operating expenses 9,979,967 15,898,948 Operating income 3,418,488 3,841,511 Interest expense (1,516,433 ) (2,612,032 ) Net income $ 1,902,055 $ 1,229,479

Indirect Hotel Operating Expe33

Indirect Hotel Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2016
Other Income And Expenses [Abstract]
Summary of Indirect Hotel Operating Expenses	Indirect hotel operating expenses consists of the following expenses incurred by the hotels: 2016 2015 2014 General and administrative $ 12,419,221 $ 11,595,819 $ 9,823,853 Sales and marketing 13,754,600 11,426,637 9,788,079 Repairs and maintenance 7,401,755 6,948,699 6,278,411 Utilities 6,429,686 6,124,459 5,763,990 Franchise fees 4,091,729 4,016,083 4,122,726 Management fees, including incentive 3,865,362 3,490,586 3,439,807 Property taxes 5,983,280 5,110,659 3,664,022 Insurance 2,594,783 2,305,966 1,927,935 Other 601,276 291,383 263,668 Total indirect hotel operating expenses $ 57,141,692 $ 51,310,292 $ 45,072,491

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Components of Income Tax (Benefit) Provision	The components of the provision for (benefit from) income taxes for the years ended December 31, 2016, 2015, and 2014 are as follows: Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Current: Federal $ — $ — $ — State 191,332 444,538 233,940 191,332 444,538 233,940 Deferred: Federal (1,294,408 ) (1,510,726 ) (1,718,351 ) State (264,558 ) (269,845 ) (243,312 ) (1,558,966 ) (1,780,571 ) (1,961,663 ) $ (1,367,634 ) $ (1,336,033 ) $ (1,727,723 )
Reconciliation of Statutory Federal Income Tax Provision (Benefit)	A reconciliation of the statutory federal income tax provision (benefit) to the Company’s provision for (benefit from) income tax is as follows: Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Statutory federal income tax expense $ (158,859 ) $ 1,705,610 $ (838,519 ) Effect of non-taxable REIT income (1,135,549 ) (2,866,950 ) (898,576 ) State income tax benefit (73,226 ) (174,693 ) 9,372 $ (1,367,634 ) $ (1,336,033 ) $ (1,727,723 )

Income (Loss) Per Share and P35

Income (Loss) Per Share and Per Unit (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted Income (Loss) Per Share	The computation of basic and diluted income (loss) per share is presented below. Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Numerator Net income/(loss) attributable to the common shareholders for basic computation $ (218,173 ) $ 5,356,666 $ (584,671 ) Denominator Weighted average number of common shares outstanding for basic computation 14,896,994 12,541,117 10,377,125 Basic and diluted net income (loss) per share $ (0.01 ) $ 0.43 $ (0.06 )
Computation of Basic and Diluted Income (Loss) Per Unit	Income (Loss) Per Unit . The computation of basic and diluted income (loss) per unit is presented below. Year Ended Year Ended Year Ended December 31, 2016 December 31, 2015 December 31, 2014 Numerator Net income/(loss) attributable to the common unitholders for basic computation $ (244,740 ) $ 6,397,653 $ (738,509 ) Denominator Weighted average number of units outstanding 16,710,935 14,924,410 13,107,413 Basic and diluted net income (loss) per unit $ (0.01 ) $ 0.43 $ (0.06 )

Quarterly Operating Results -36

Quarterly Operating Results - Unaudited (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results	Quarters Ended 2016 March 31 June 30 September 30 December 31 Total revenue $ 37,810,144 $ 41,824,954 $ 37,275,312 $ 35,935,342 Total operating expenses 33,025,990 34,645,809 33,539,913 33,026,914 Net operating income 4,784,154 7,179,145 3,735,399 2,908,428 Net income(loss) 545,874 1,977,550 (1,549,191 ) (74,084 ) Net income (loss) attributable to common shareholders 483,095 1,761,106 (1,716,234 ) (746,140 ) Earnings (loss) per share attributable to common shareholders– basic and diluted $ 0.03 $ 0.12 $ (0.11 ) $ (0.05 ) Quarters Ended 2015 March 31 June 30 September 30 December 31 Total revenue $ 30,975,630 $ 36,865,108 $ 33,941,875 $ 36,750,863 Total operating expenses 27,410,462 29,689,455 31,976,036 34,127,473 Net operating income 3,565,168 7,175,653 1,965,839 2,623,390 Net income(loss) 713,859 1,759,109 4,636,644 (711,959 ) Net income (loss) attributable to common shareholders 575,336 1,431,110 3,872,394 (522,174 ) Earnings (loss) per share attributable to common shareholders– basic and diluted $ 0.05 $ 0.13 $ 0.27 $ (0.04 )

Organization and Description 37

Organization and Description of Business - Additional Information (Detail)

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Jun. 30, 2015USD ($)shares

Sep. 30, 2014USD ($)

Aug. 31, 2014USD ($)

Dec. 31, 2016USD ($)HotelRoom$ / sharesshares

Dec. 31, 2015USD ($)$ / sharesshares

Dec. 31, 2014USD ($)

Sep. 30, 2016USD ($)

Jul. 31, 2015

Jul. 30, 2015

Jul. 01, 2015shares

Mar. 26, 2014USD ($)

Sep. 30, 2013USD ($)

Organization Consolidation and Presentation of Financial Statements [Line Items]

Date of incorporation

Aug. 20, 2004

Investment in number of hotels | Hotel

11

Rooms in hotel | Room

2,838

Date of commencement of business

Dec. 21, 2004

Number of hotels acquired before commencement of business | Hotel

6

Debt instrument maturity date

Nov. 13, 2017

Jul. 7, 2019

Purchase price

$ 25,525,754

$ 61,106,085

Floating rate of interest rate

3.50%

3.50%

Period subject to certain terms and conditions

1 year

Duration of franchise agreement

10 years

Agreement date

2014-10

Common stock, shares issued | shares

435,000

14,468,551

14,490,714

3,000,000

Proceeds from sale of common stock

$ 2,800,000

$ 19,800,000

$ 700,000

$ 122,793

$ 2,118

$ 23,250,818

124,911

Mortgage loan term period

5 years

4 years

Number of parts mortgage loan issued | mortgage

2

2

Mortgage loans

$ 20,500,000

$ 18,500,000

$ 284,542,043

271,737,608

Mortgage loan additional earn-out provision

5,500,000

1,500,000

Proceeds from mortgage loans

$ 15,000,000

$ 2,000,000

Floating interest rate period

1 month

30 days

Fixed interest rate

4.00%

4.00%

Amortization Period

18 years

25 years

Business acquisition percentage of voting interests acquired

75.00%

Mortgage loans

$ 2,600,711

Preferred stock, shares issued | shares

1,610,000

0

Preferred stock, dividend rate percentage

8.00%

Proceeds from sale of preferred stock

$ 37,766,531

Repurchased common stock, value

$ 3,164,536

Common stock, par value | $ / shares

$ 0.01

$ 0.01

$ 0.01

Number of common stock shares repurchased | shares

481,100

Sotherly Hotels LP [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Purchase price

$ 25,525,754

$ 61,106,085

Mortgage loans

$ 2,600,711

8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Preferred stock, shares issued | shares

1,610,000

Preferred stock, dividend rate percentage

8.00%

Proceeds from sale of preferred stock

$ 37,800,000

Crowne Plaza Hollywood Beach Resort [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Percentage of operating partnership owned

100.00%

Business acquisition percentage of voting interests acquired

75.00%

First Installment [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Mortgage loans

$ 18,000,000

Second Installment [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Mortgage loans

$ 500,000

Common Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Common stock, shares issued | shares

98,682

Repurchased common stock, value

$ 4,811

Number of common stock shares repurchased | shares

481,100

Double Tree By Hilton Philadelphia Airport [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Apr. 1, 2019

Floating rate of interest rate

3.00%

Amortization schedule

25 years

Mortgage loans

$ 31,261,991

32,376,795

Double Tree by Hilton Jacksonville Riverfront [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Additional proceeds on mortgage loan

$ 2,000,000

$ 3,000,000

Double Tree by Hilton Jacksonville Riverfront [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Jul. 7, 2019

Floating rate of interest rate

3.50%

Amortization schedule

25 years

Mortgage loans

$ 19,291,716

19,774,577

Double Tree by Hilton Laurel [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Additional proceeds on mortgage loan

$ 2,600,000

Double Tree by Hilton Laurel [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Aug. 5, 2021

Amortization schedule

25 years

Mortgage loans

$ 9,329,005

9,500,000

Hilton Savannah DeSoto [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Jul. 1, 2026

Amortization schedule

25 years

Period subject to certain terms and conditions

1 year

Mortgage loans

$ 30,000,000

20,522,836

Mortgage loan additional earn-out provision

5,000,000

Proceeds from mortgage loans

$ 30,000,000

Amortization Period

25 years

Crowne Plaza Tampa Westshore [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Jun. 30, 2019

Floating rate of interest rate

3.75%

Amortization schedule

25 years

Mortgage loans

$ 15,561,400

13,016,045

Mortgage loan additional earn-out provision

3,300,000

Proceeds from mortgage loans

$ 15,700,000

Floating interest rate period

30 days

Fixed interest rate

3.75%

Sheraton Louisville Riverside [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

4.27%

Debt instrument maturity date

Dec. 1, 2026

Dec. 1, 2026

Amortization schedule

25 years

Mortgage loan term period

5 years

Mortgage loans

$ 11,977,557

11,345,866

Proceeds from mortgage loans

$ 12,000,000

Amortization Period

25 years

Crowne Plaza Hampton Marina [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

5.00%

5.00%

Debt instrument maturity date

Nov. 1, 2019

Amortization schedule

3 years

Mortgage loans

$ 2,584,633

$ 3,512,586

Debt instrument, date of first required payment

Dec. 1, 2016

Debt instrument periodic payment

$ 15,367

$ 15,367

TD Bank [Member] | Double Tree By Hilton Philadelphia Airport [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Apr. 1, 2019

Floating rate of interest rate

3.00%

Amortization schedule

25 years

Additional mortgage loan

$ 5,600,000

Amount of mortgage loan

$ 30,000,000

Interest floor rate

3.50%

7.0% Senior Unsecured Notes [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

7.00%

Debt instrument maturity date

Nov. 15, 2019

Amount of mortgage loan

$ 25,300,000

Proceeds of unsecured notes

$ 25,300,000

8.0% Senior Unsecured Notes [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

8.00%

8.00%

Debt instrument maturity date

Sep. 30, 2018

Amount of mortgage loan

$ 27,600,000

Debt instrument redeemed, principal amount

$ 27,600,000

Minimum [Member] | Double Tree By Hilton Philadelphia Airport [Member] | Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

3.50%

Maximum [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Repurchased common stock, value

$ 10,000,000

Maximum [Member] | Sheraton Louisville Riverside [Member] | Mortgage Loans [Member] | Sotherly Hotels LP [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Guaranteed percentage of unpaid principal balance, interest, and other amounts owed

50.00%

Bank Of Ozarks [Member] | First Mortgage Loans [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Mar. 27, 2017

Mortgage from Bank of the Ozarks

$ 41,500,000

Restricted cash reserve

$ 1,500,000

Floating rate of interest rate

3.75%

Amortization schedule

25 years

Period subject to certain terms and conditions

1 year

Bank Of Ozarks [Member] | First Mortgage Loans [Member] | Minimum [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

4.00%

Towne Bank [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

5.00%

Extended maturity date of mortgage loan

Jun. 30, 2016

Principal payment of loan under extension agreement

$ 800,000

Principal payment on extended maturity agreement - monthly

$ 83,000

Bridge Loan [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Repayment of Bridge Loan

$ 19,000,000

Richmond Hill Capital Partners LP [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Agreement taken to secured loan

$ 19,000,000

Richmond Hill Capital Partners LP [Member] | Bridge Loan [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

10.00%

Debt instrument maturity date

Mar. 26, 2015

Bank Of America [Member] | Crowne Plaza Hollywood Beach Resort [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

4.913%

Debt instrument maturity date

Oct. 1, 2025

Amortization schedule

30 years

Mortgage loan term period

10 years

Mortgage loans

$ 60,000,000

MONY Life Insurance Company [Member] | Hilton Savannah DeSoto [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

4.25%

Debt instrument maturity date

Nov. 30, 2026

Jul. 1, 2026

Amortization schedule

25 years

Mortgage loan term period

10 years

10 years

Mortgage loan additional earn-out provision

$ 5,000,000

Proceeds from mortgage loans

$ 30,000,000

Fixed interest rate

4.25%

Amortization Period

25 years

Mortgage loans

$ 35,000,000

$ 35,000,000

Fifth Third Bank [Member] | Crowne Plaza Tampa Westshore [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Floating rate of interest rate

3.75%

Period subject to certain terms and conditions

2 years

Mortgage loan term period

3 years

Mortgage loans

$ 19,000,000

Floating interest rate period

30 days

Fixed interest rate

3.75%

Amortization Period

25 years

Operating Partnership [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Percentage of operating partnership owned

89.10%

Commercial Unit of Hyde Resort & Residences [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Investment in number of hotels | Hotel

1

Rooms in hotel | Room

400

Georgian Terrace [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Rooms in hotel | Room

326

Purchase price

$ 61,106,085

Parking space | ParkingSpaces

698

Development parcel | a

0.3

0.6

Proceeds from sale of real estate

$ 2,200,000

Georgian Terrace [Member] | Bank Of America [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

4.42%

Debt instrument maturity date

Jun. 1, 2025

Amortization schedule

30 years

Carrying amount

$ 47,000,000

Summary of Significant Accoun38

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)Segmentshares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jul. 31, 2015	Jul. 30, 2015
Summary Of Significant Accounting Policies [Line Items]
Impairment of hotel properties	$ 0	$ 500,000	$ 3,175,000
Percentage of remaining ownership interest acquired				75.00%
Gain on change in control		6,603,148
Federal Deposit Insurance Corporation protection limits	250,000
Un-amortized franchise fees	386,612	339,542
Amortization expense	52,330	53,347	44,650
Lease revenue	1,785,934	1,776,518	1,657,614
Deferred income taxes	6,949,340	5,390,374
Deferred tax assets related to net operating losses	$ 6,000,000
Minimum percentage of likelihood of realization of deferred tax assets	50.00%
Deferred tax assets valuation allowance	$ 0
Uncertain tax positions	0
Compensation cost recognized	211,682	285,978	245,565
Advertising cost	$ 452,665	280,625	198,991
Number of reportable segment | Segment	1
Loss on early debt extinguishment	$ (1,141,905)	(772,907)
ASU 2015-03 [Member]
Summary Of Significant Accounting Policies [Line Items]
Reclassifications		4,100,000
Loss on early debt extinguishment		698,083
2004 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	337,438
Termination year of stock based compensation plan	2,013
Stock based compensation plan termination date	Apr. 30, 2013
2004 Plan [Member] | Executives and Employees [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	255,938
Vesting period of employment contract	2 years
2004 Plan [Member] | Director [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	81,500
Stock-based Compensation , Number of Shares, Vested | shares	81,500
2004 Plan [Member] | Chief Financial Officer [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued but not vested | shares	6,000
2013 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	121,100
Performance-based stock awards granted | shares	0
2013 Plan [Member] | Director [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	46,500
Shares issued but not vested | shares	12,000
2013 Plan [Member] | Executives, Directors and Employees [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	74,600
2004 and 2013 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Compensation cost recognized	$ 211,682	$ 285,978	245,565
Crowne Plaza Hollywood Beach Resort [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of ownership interest	100.00%	100.00%
Percentage of operating partnership owned				25.00%	25.00%
Percentage of remaining ownership interest acquired					75.00%
Carlyle [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of indirect controlling interest owned				75.00%	75.00%
Sotherly Hotels LP [Member]
Summary Of Significant Accounting Policies [Line Items]
Impairment of hotel properties		$ 500,000	3,175,000
Gain on change in control	$ 6,603,148	6,603,148
Deferred income taxes	6,949,340	5,390,374
Compensation cost recognized	211,682	285,978	$ 245,565
Loss on early debt extinguishment	$ (1,141,905)	$ (772,907)
Maximum [Member] | 2004 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Restricted and performance stock awards permitted to grant to employees and directors | shares	350,000
Maximum [Member] | 2013 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Restricted and performance stock awards permitted to grant to employees and directors | shares	750,000
Buildings and Improvements [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets		7 years
Buildings and Improvements [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets		39 years
Furniture, Fixtures and Equipment [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets		3 years
Furniture, Fixtures and Equipment [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets		10 years

Summary of Significant Accoun39

Summary of Significant Accounting Policies - Schedule of Assets and Liabilities Measured at Fair Value (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Level 1 [Member] | Unsecured Notes [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value	$ (26,241,160)	$ (54,238,600)
Level 2 [Member] | Interest Rate Cap [Member]
Derivatives Fair Value [Line Items]
Interest rate cap	33,597	70,981
Level 2 [Member] | Mortgage Loans [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value	$ (281,840,780)	(272,933,327)
Level 3 [Member] | Investment In Hotel Property, Net [Member]
Derivatives Fair Value [Line Items]
Investment in hotel property, net		$ 5,700,762

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Schedule of Minimum Future Lease Payments Receivable (Detail)	Dec. 31, 2016USD ($)
Leases [Abstract]
December 31, 2017	$ 1,105,165
December 31, 2018	632,365
December 31, 2019	544,920
December 31, 2020	499,294
December 31, 2021	246,388
December 31, 2022 and thereafter	1,661,913
Total	$ 4,690,045

Acquisition of Hotel Properti41

Acquisition of Hotel Properties - Additional Information (Detail)	Jul. 31, 2015USD ($)Room	Mar. 27, 2014USD ($)Room	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016Room
Business Acquisition [Line Items]
Business acquisition percentage of voting interests acquired	75.00%
Rooms in hotel | Room							2,838
Net cash					$ 25,525,754	$ 61,106,085
Crowne Plaza Hollywood Beach Resort [Member]
Business Acquisition [Line Items]
Business acquisition percentage of voting interests acquired	75.00%
Rooms in hotel | Room	311
Net cash	$ 25,525,754
Total revenue from acquisitions			$ 5,200,000
Net loss from acquisitions			$ (1,100,000)
Georgian Terrace [Member]
Business Acquisition [Line Items]
Rooms in hotel | Room		326
Net cash		$ 61,106,085
Total revenue from acquisitions				$ 16,400,000
Net loss from acquisitions				$ (2,200,000)

Acquisition of Hotel Properti42

Acquisition of Hotel Properties - Allocation of Purchase Price Based on Fair Values (Detail) - USD ($)	Jul. 31, 2015	Mar. 27, 2014	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Net cash			$ 25,525,754	$ 61,106,085
Georgian Terrace [Member]
Business Acquisition [Line Items]
Land and land improvements		$ 10,127,687
Buildings and improvements		45,385,939
Furniture, fixtures and equipment		5,163,135
Investment in hotel properties		60,676,761
Restricted cash		124,658
Accounts receivable		465,287
Prepaid expenses, inventory and other assets		430,997
Accounts payable and accrued liabilities		(591,618)
Net cash		$ 61,106,085
Crowne Plaza Hollywood Beach Resort [Member]
Business Acquisition [Line Items]
Land and land improvements	$ 24,008,289
Buildings and improvements	64,854,787
Furniture, fixtures and equipment	2,802,135
Investment in hotel properties	91,665,211
Restricted cash	1,159,759
Accounts receivable	140,588
Prepaid expenses, inventory and other assets	797,505
Assumed mortgage	(57,259,159)
Accounts payable and accrued liabilities	(2,485,442)
Equity investment	(1,889,560)
Gain on change in control	(6,603,148)
Net cash	$ 25,525,754

Acquisition of Hotel Properti43

Acquisition of Hotel Properties - Pro Forma Results Prepared for Comparative Purposes (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Pro forma revenues	$ 151,931,931	$ 147,451,042
Pro forma operating expenses	133,346,497	129,961,867
Pro forma operating income	18,585,434	17,489,175
Pro forma net income (loss)	$ 1,017,180	$ (1,671,774)
Pro forma earnings (loss) per basic and diluted share	$ 0.07	$ (0.10)
Pro forma earnings (loss) per basic and diluted units	$ 0.07	$ (0.10)
Pro forma basic and diluted common shares	12,541,117	13,812,125
Pro forma basic and diluted units	14,924,410	16,542,413

Investment in Hotel Propertie44

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net - Schedule of Investment in Hotel Properties, Net (Detail) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Total Gross	$ 438,307,037	$ 435,875,967
Less: accumulated depreciation and impairment	(89,713,125)	(80,912,725)
Total Net	348,593,912	354,963,242
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Gross	57,851,380	59,910,212
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Gross	336,996,876	333,720,421
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total Gross	$ 43,458,781	$ 42,245,334

Investment in Hotel Propertie45

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net - Schedule of Investment in Hotel Properties Held for Sale, Net (Detail)	Dec. 31, 2016USD ($)
Property, Plant and Equipment [Line Items]
Total Gross	$ 9,628,608
Less: accumulated depreciation and impairment	(4,295,608)
Investment in Hotel Properties Held for Sale, Net	5,333,000
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Gross	1,097,096
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Gross	6,242,504
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total Gross	$ 2,289,008

Investment in Hotel Propertie46

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment Capitalized Interest Costs [Abstract]
Impairment of hotel properties	$ 0	$ 500,000	$ 3,175,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Mar. 21, 2016	Jul. 07, 2015	Nov. 21, 2014	Sep. 30, 2013	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Mortgage loan outstanding balance					$ 282.7		$ 270.3
Debt instrument maturity date	Nov. 13, 2017	Jul. 7, 2019
7.0% Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Interest rate on loan			7.00%
Borrowed amount			$ 25.3
Debt instrument maturity date					Nov. 15, 2019
Debt instrument callable date					Nov. 15, 2017
Notes face value			101.00%
8.0% Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Interest rate on loan				8.00%		8.00%
Borrowed amount				$ 27.6
Debt instrument maturity date					Sep. 30, 2018
Debt Instrument redeemed date					Sep. 30, 2016
Percentage of redeemed face value				101.00%

Debt - Schedule of Mortgage Deb

Debt - Schedule of Mortgage Debt Obligations on Hotels (Detail) - USD ($)	Nov. 03, 2016	Oct. 12, 2016	Mar. 21, 2016	Jul. 07, 2015	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Mortgage loans		$ 20,500,000		$ 18,500,000	$ 284,542,043	$ 271,737,608
Deferred financing costs, net					(2,049,409)	(1,646,220)
Unamortized premium on loan					215,655	240,336
Total Mortgage Loans, Net					282,708,289	270,331,724
Maturity Date			Nov. 13, 2017	Jul. 7, 2019
Excess Interest rate over LIBOR on mortgage debt		3.50%		3.50%
Crowne Plaza Hampton Marina [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 2,584,633	3,512,586
Prepayment Penalties					None
Maturity Date					Nov. 1, 2019
Amortization Provisions					3 years
Interest rate applicable to the mortgage loan					5.00%
Crowne Plaza Hollywood Beach Resort [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 58,935,818	59,795,743
Prepayment Penalties					n/a
Maturity Date					Oct. 1, 2025
Amortization Provisions					30 years
Interest rate applicable to the mortgage loan					4.913%
Crowne Plaza Tampa Westshore [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 15,561,400	13,016,045
Prepayment Penalties					None
Maturity Date					Jun. 30, 2019
Amortization Provisions					25 years
Excess Interest rate over LIBOR on mortgage debt					3.75%
Double Tree by Hilton Jacksonville Riverfront [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 19,291,716	19,774,577
Prepayment Penalties					Yes
Maturity Date					Jul. 7, 2019
Amortization Provisions					25 years
Excess Interest rate over LIBOR on mortgage debt					3.50%
Double Tree by Hilton Laurel [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 9,329,005	9,500,000
Prepayment Penalties					Yes
Maturity Date					Aug. 5, 2021
Amortization Provisions					25 years
Interest rate applicable to the mortgage loan					5.25%
Double Tree By Hilton Philadelphia Airport [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 31,261,991	32,376,795
Prepayment Penalties					None
Maturity Date					Apr. 1, 2019
Amortization Provisions					25 years
Excess Interest rate over LIBOR on mortgage debt					3.00%
Doubletree By Hilton Raleigh Brownstone - University [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 14,773,885	15,029,121
Prepayment Penalties					n/a
Maturity Date					Aug. 1, 2018
Amortization Provisions					30 years
Interest rate applicable to the mortgage loan					4.78%
The Georgian Terrace [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 45,826,038	46,579,011
Prepayment Penalties					n/a
Maturity Date					Jun. 1, 2025
Amortization Provisions					30 years
Interest rate applicable to the mortgage loan					4.42%
Hilton Savannah DeSoto [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 30,000,000	20,522,836
Prepayment Penalties					Yes
Maturity Date					Jul. 1, 2026
Amortization Provisions					25 years
Interest rate applicable to the mortgage loan					4.25%
Hilton Wilmington Riverside [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 30,000,000	19,825,772
Prepayment Penalties					Yes
Maturity Date					Jan. 1, 2027
Amortization Provisions					25 years
Interest rate applicable to the mortgage loan					4.25%
Sheraton Louisville Riverside [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 11,977,557	11,345,866
Prepayment Penalties					Yes
Maturity Date	Dec. 1, 2026				Dec. 1, 2026
Amortization Provisions					25 years
Interest rate applicable to the mortgage loan					4.27%
The Whitehall [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 15,000,000	$ 20,459,256
Prepayment Penalties					Yes
Maturity Date					Oct. 12, 2021
Amortization Provisions					18 years
Excess Interest rate over LIBOR on mortgage debt					3.50%

Debt - Schedule of Mortgage D49

Debt - Schedule of Mortgage Debt Obligations on Hotels (Parenthetical) (Detail) - USD ($)	Nov. 03, 2016	Oct. 12, 2016	Jul. 07, 2015	Dec. 31, 2016	Dec. 31, 2015	Feb. 07, 2017	Jun. 27, 2014
Debt Instrument [Line Items]
Mortgage loans		$ 20,500,000	$ 18,500,000	$ 284,542,043	$ 271,737,608
Proceeds from mortgage loans		15,000,000			2,000,000
Mortgage loan additional earn-out provision		$ 5,500,000			1,500,000
Floating interest rate period		1 month	30 days
Excess Interest rate over LIBOR on mortgage debt		3.50%	3.50%
Fixed interest rate		4.00%	4.00%
Amortization Period		18 years	25 years
Period subject to certain terms and conditions			1 year
Mortgage Loans [Member] | Crowne Plaza Hampton Marina [Member]
Debt Instrument [Line Items]
Debt instrument periodic payment	$ 15,367			15,367
Interest rate	5.00%						5.00%
Mortgage loans				$ 2,584,633	3,512,586
Note extended date				2016-11
Extended maturity date				Nov. 1, 2019
Interest rate applicable to the mortgage loan				5.00%
Mortgage Loans [Member] | Crowne Plaza Hampton Marina [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Mortgage loans						$ 0
Mortgage Loans [Member] | Crowne Plaza Hollywood Beach Resort [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 58,935,818	59,795,743
Prepayment date before maturity				Jun. 30, 2025
Interest rate applicable to the mortgage loan				4.913%
Mortgage Loans [Member] | Crowne Plaza Tampa Westshore [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 15,561,400	13,016,045
Proceeds from mortgage loans				15,700,000
Mortgage loan additional earn-out provision				$ 3,300,000
Floating interest rate period				30 days
Excess Interest rate over LIBOR on mortgage debt				3.75%
Fixed interest rate				3.75%
Mortgage Loans [Member] | Double Tree by Hilton Jacksonville Riverfront [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 19,291,716	19,774,577
Extended maturity date				Jul. 31, 2020
Excess Interest rate over LIBOR on mortgage debt				3.50%
Prepayment date before maturity in which prepayment is allowed with penalty				Jul. 31, 2017
Mortgage Loans [Member] | Doubletree By Hilton Raleigh Brownstone - University [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 14,773,885	15,029,121
Number of months for prepayment before maturity				2 months
Interest rate applicable to the mortgage loan				4.78%
Mortgage Loans [Member] | The Georgian Terrace [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 45,826,038	46,579,011
Prepayment date before maturity				Feb. 28, 2025
Interest rate applicable to the mortgage loan				4.42%
Mortgage Loans [Member] | Double Tree by Hilton Laurel [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 9,329,005	9,500,000
Prepayment date before maturity in which prepayment is allowed without penalty				Apr. 30, 2021
Interest rate				3.00%
Treasury floor rate of interest				5.25%
Interest rate applicable to the mortgage loan				5.25%
Mortgage Loans [Member] | Double Tree by Hilton Laurel [Member] | Minimum [Member]
Debt Instrument [Line Items]
Prepayment date before maturity in which prepayment is allowed without penalty				Apr. 30, 2017
Mortgage Loans [Member] | Double Tree by Hilton Laurel [Member] | Maximum [Member]
Debt Instrument [Line Items]
Prepayment date before maturity in which prepayment is allowed without penalty				Aug. 31, 2017
Mortgage Loans [Member] | Double Tree By Hilton Philadelphia Airport [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 31,261,991	32,376,795
Excess Interest rate over LIBOR on mortgage debt				3.00%
Mortgage Loans [Member] | Double Tree By Hilton Philadelphia Airport [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest rate				3.50%
Mortgage Loans [Member] | Sheraton Louisville Riverside [Member]
Debt Instrument [Line Items]
Interest rate	4.27%
Mortgage loans				$ 11,977,557	11,345,866
Proceeds from mortgage loans	$ 12,000,000
Interest rate applicable to the mortgage loan				4.27%
Amortization Period	25 years
Mortgage Loans [Member] | Hilton Savannah DeSoto [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 30,000,000	20,522,836
Proceeds from mortgage loans				30,000,000
Mortgage loan additional earn-out provision				$ 5,000,000
Interest rate applicable to the mortgage loan				4.25%
Amortization Period				25 years
Period subject to certain terms and conditions				1 year
Period before maturity in which prepayment is allowed with out penalty				120 days
Mortgage Loans [Member] | Hilton Wilmington Riverside [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 30,000,000	19,825,772
Proceeds from mortgage loans				30,000,000
Mortgage loan additional earn-out provision				$ 5,000,000
Interest rate applicable to the mortgage loan				4.25%
Amortization Period				25 years
Period subject to certain terms and conditions				1 year
Period before maturity in which prepayment is allowed with out penalty				120 days
Mortgage Loans [Member] | The Whitehall [Member]
Debt Instrument [Line Items]
Mortgage loans				$ 15,000,000	$ 20,459,256
Proceeds from mortgage loans				15,000,000
Mortgage loan additional earn-out provision				$ 5,500,000
Floating interest rate period				1 month
Excess Interest rate over LIBOR on mortgage debt				3.50%
Fixed interest rate				4.00%
Mortgage Loans [Member] | The Whitehall [Member] | Prepayment Penalty Before to First Anniversary [Member]
Debt Instrument [Line Items]
Prepayment penalty percentage				3.00%
Mortgage Loans [Member] | The Whitehall [Member] | Prepayment Penalty Second Anniversary [Member]
Debt Instrument [Line Items]
Prepayment penalty percentage				2.00%
Mortgage Loans [Member] | The Whitehall [Member] | Prepayment Penalty After Third Anniversary
Debt Instrument [Line Items]
Prepayment penalty percentage				1.00%

Debt - Schedule of Future Mortg

Debt - Schedule of Future Mortgage Debt Maturities (Detail) - USD ($)	Dec. 31, 2016	Oct. 12, 2016	Dec. 31, 2015	Jul. 07, 2015
Debt Disclosure [Abstract]
For the year ending: December 31, 2017	$ 6,363,323
December 31, 2018	24,626,923
December 31, 2019	73,423,203
December 31, 2020	9,248,750
December 31, 2021	31,008,186
December 31, 2022 and thereafter	139,871,658
Total future maturities	$ 284,542,043	$ 20,500,000	$ 271,737,608	$ 18,500,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)ft²	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 29, 2016USD ($)	Jan. 02, 2016USD ($)	Aug. 07, 2014USD ($)
Operating Leased Assets [Line Items]
Annual payment for first year	$ 223,682
Annual payment for second year	$ 176,740
Franchise termination fee recognized						$ 351,800
Maximum amount allocated to purchase common stock under ESOP				$ 5,000,000	$ 5,000,000
Crowne Plaza Houston Downtown [Member]
Operating Leased Assets [Line Items]
Franchise agreement expire date	Apr. 12, 2016
Hilton Savannah DeSoto [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Restricted cash reserve	Amount equal to 1 / 12 of the annual real estate taxes due for the properties
Hilton Wilmington Riverside [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Restricted cash reserve	Amount equal to 1 / 12 of the annual real estate taxes due for the properties
Double Tree by Hilton Jacksonville Riverside [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Restricted cash reserve	Amount equal to 1 / 12 of the annual real estate taxes due for the properties
Crowne Plaza Hollywood Beach Resort [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Restricted cash reserve	Amount equal to 1 / 12 of the annual real estate taxes due for the properties
DoubleTree by Hilton Brownstone-University [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Restricted cash reserve	Amount equal to 1 / 12 of the annual real estate taxes due for the properties
Whitehall [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Crowne Plaza Hampton Marina [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Georgian Terrace [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Restricted cash reserve	Amount equal to 1 / 12 of the annual real estate taxes due for the properties
Double Tree By Hilton Philadelphia Airport [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues	4.00%
Minimum [Member]
Operating Leased Assets [Line Items]
Franchise fees of room revenues	2.50%
Additional fees of room revenues	2.50%
Franchise agreement expiry date	2017-07
Maximum [Member]
Operating Leased Assets [Line Items]
Franchise fees of room revenues	5.00%
Additional fees of room revenues	6.00%
Franchise agreement expiry date	2030-10
Williamsburg Virginia [Member]
Operating Leased Assets [Line Items]
Area of commercial space leased | ft²	4,836
Rent expense	$ 91,003	$ 83,651	$ 71,039
Commencement date of agreement	Sep. 1, 2009
Lease renewable expiration date	Aug. 31, 2018
Maryland [Member]
Operating Leased Assets [Line Items]
Area of commercial space leased | ft²	1,632
Operating lease, expiring date	Feb. 28, 2017
Rent expense	$ 0	62,949	50,277
Prepaid lease expense	21,000
Annual payment for first year	22,848
Annual payment for second year	$ 45,696
Percentage increment	2.75%
Savannah Hotel Property [Member]
Operating Leased Assets [Line Items]
Area of commercial space leased | ft²	2,086
Operating lease, expiring date	Oct. 31, 2006
Duration period under renewal option second	5 years
Expiration date one under renewal option second	Oct. 31, 2011
Expiration date two under renewal option second	Oct. 31, 2016
Expiration date three under renewal option second	Oct. 31, 2021
Rent expense	$ 72,984	65,054	63,468
Doubletree By Hilton Raleigh Brownstone - University [Member]
Operating Leased Assets [Line Items]
Duration of operating lease term	50 years
Operating lease, expiring date	Aug. 31, 2016
Duration period under renewal option second	10 years
Expiration date one under renewal option second	Aug. 31, 2026
Expiration date two under renewal option second	Aug. 31, 2036
Expiration date three under renewal option second	Aug. 31, 2046
Rent expense	$ 95,482	95,482	95,482
Land leased under second amendment dated	Apr. 28, 1998
Land lease originally dated	May 25, 1966
Purchase of leased land at fair market value subject to annual fee payment	$ 9,000
Crowne Plaza Tampa Westshore [Member]
Operating Leased Assets [Line Items]
Operating lease, expiring date	Jul. 31, 2019
Rent expense	$ 2,602	2,602	2,602
Lease agreement	5 years
Commencement date of agreement	Jul. 31, 2009
Annual payment	$ 2,432
Additional renewal of agreement	5 years
Double Tree by Hilton Jacksonville Riverfront [Member]
Operating Leased Assets [Line Items]
Operating lease, expiring date	Sep. 18, 2012
Rent expense	$ 6,020	$ 6,020	$ 6,020
Lease agreement	5 years
Annual payment	$ 4,961
New operating lease annual payment	$ 6,020
Lease renewable expiration date	Sep. 18, 2017
Furniture, Fixtures and Equipment [Member]
Operating Leased Assets [Line Items]
Financing arrangement expiration date	2016-06
Financing arrangement expiration date	2019-03
Six Year Operating Lease Property [Member] | Savannah Hotel Property [Member]
Operating Leased Assets [Line Items]
Duration of operating lease term	6 years
Ninety Nine Year Operating Lease Property [Member] | Savannah Hotel Property [Member]
Operating Leased Assets [Line Items]
Duration of operating lease term	99 years
Operating lease, expiring date	Jul. 31, 2086
Rental income recognized during period	$ 0
Original lump sum rent payment received	$ 990

Commitments and Contingencies52

Commitments and Contingencies - Schedule of Minimum Future Lease Payments (Detail)	Dec. 31, 2016USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
For the year ending: December 31, 2017	$ 223,682
December 31, 2018	176,740
December 31, 2019	100,480
December 31, 2020	95,482
December 31, 2021	95,482
December 31, 2022 and thereafter	445,583
Total	$ 1,137,449

Preferred Stock and Units - Add

Preferred Stock and Units - Additional Information (Detail) - USD ($)	Aug. 23, 2016	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Preferred Units [Line Items]
Preferred stock, shares issued			1,610,000	1,610,000	0
Preferred stock, shares outstanding			1,610,000	1,610,000	0
Preferred stock, shares authorized			11,000,000	11,000,000
Preferred stock, dividend rate percentage				8.00%
Proceeds from sale of preferred stock, net				$ 37,766,531
Preferred stock, liquidation preference per share			$ 25	$ 25
8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred Units [Line Items]
Preferred stock, shares issued	1,610,000
Preferred stock, par value	$ 0.01
Preferred stock, dividend rate percentage	8.00%
Proceeds from sale of preferred stock, net	$ 37,800,000
Sotherly Hotels LP [Member]
Preferred Units [Line Items]
Operating partnership preferred partnership units issued			1,610,000	1,610,000	0
Operating partnership preferred partnership units outstanding			1,610,000	1,610,000	0
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Preferred units, dividend rate percentage				8.00%	8.00%
Preferred units, liquidation preference per units			$ 25	$ 25	$ 25
Preferred dividend distributed		$ 0.2111	$ 0.50

Common Stock and Units - Additi

Common Stock and Units - Additional Information (Detail)	Dec. 02, 2016USD ($)$ / shares	Aug. 23, 2016USD ($)$ / sharesshares	Feb. 01, 2016shares	Sep. 16, 2015shares	Jul. 17, 2015USD ($)shares	Jul. 02, 2015USD ($)	May 01, 2015shares	Apr. 01, 2015shares	Jan. 29, 2015shares	Nov. 01, 2014USD ($)Directorshares	Oct. 01, 2014shares	Apr. 01, 2014shares	Feb. 14, 2014shares	Jun. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)shares	Aug. 31, 2014USD ($)shares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014USD ($)shares	Jul. 01, 2015shares
Class of Stock [Line Items]
Common stock, shares authorized																	49,000,000	49,000,000
Common stock, par value | $ / shares	$ 0.01																$ 0.01	$ 0.01
Voting right																	Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.
Repurchased common stock, value | $																	$ 3,164,536
Number of common stock shares repurchased																	481,100
Common stock, shares issued					435,000												14,468,551	14,490,714		3,000,000
Proceeds from sale of common stock | $					$ 2,800,000	$ 19,800,000								$ 700,000	$ 122,793	$ 2,118		$ 23,250,818	$ 124,911
Common stock, shares outstanding																	14,468,551	14,490,714
Common stock exchange ratio																	1
Number of board of director | Director										2
Operating Partnership stock redemption value | $										$ 25,621
Preferred stock, shares issued																	1,610,000	0
Preferred stock, dividend rate percentage																	8.00%
Proceeds from sale of preferred stock, net | $																	$ 37,766,531
Operating Partnership common units not owned																	1,778,140	2,200,827
8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued		1,610,000															1,610,000	0
Preferred stock, par value | $ / shares		$ 0.01															$ 0.01	$ 0.01
Preferred stock, dividend rate percentage		8.00%															8.00%	8.00%
Proceeds from sale of preferred stock, net | $		$ 37,800,000
Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Operating Partnership stock redemption value | $																			$ 25,621
Repurchased common units, number of units																	481,100
Repurchased common units | $																	$ 3,164,536
Operating Partnership common units outstanding																	16,246,691	16,691,541
Fair market value | $																	$ 12,100,000	$ 15,000,000
Common Stock [Member]
Class of Stock [Line Items]
Repurchased common stock, value | $																	$ 4,811
Number of common stock shares repurchased																	481,100
Conversion of units in Operating Partnership to shares of common stock, shares			422,687	200,000			50,000	100,000			200,000	110,000					422,687	350,000	310,000
Common stock, shares issued														98,682
Shares issued														98,682	16,979	276		98,682	17,255
Restricted shares issued																	12,000	9,750	12,000
Redemption of units in operating partnership										3,300
Common Stock [Member] | Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Number of issued unit in Operating Partnership									36,100				36,750
Common Stock [Member] | Executive Officer [Member]
Class of Stock [Line Items]
Non-restricted shares issued									26,350				24,000
Common Stock [Member] | Director [Member]
Class of Stock [Line Items]
Non-restricted shares issued													750
Restricted shares issued									9,750				12,000
Maximum [Member]
Class of Stock [Line Items]
Repurchased common stock, value | $	$ 10,000,000

Common Stock and Units - Quarte

Common Stock and Units - Quarterly Distributions Declared and Payable by Operating Partnership (Detail) - $ / shares	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Dividends payable amount per share	$ 0.095	$ 0.095	$ 0.090	$ 0.085	$ 0.080	$ 0.080	$ 0.075	$ 0.070	$ 0.065	$ 0.065	$ 0.050	$ 0.045

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Feb. 01, 2016shares	Sep. 16, 2015shares	Apr. 01, 2015shares	Nov. 01, 2014USD ($)	Dec. 21, 2004	Jul. 31, 2015USD ($)	Dec. 31, 2016USD ($)Hotelshares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)Membersshares	Jul. 30, 2015
Related Party Transaction [Line Items]
Due from Chesapeake Hospitality							$ 4,175	$ 226,552
Operating Partnership stock redemption value				$ 25,621
Business-related air travel expense reimbursed to partnership									$ 0
Crowne Plaza Hollywood Beach Resort [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest							100.00%	100.00%
Percentage of operating partnership owned						25.00%				25.00%
Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Company's outstanding common stock owned by members of Chesapeake Hospitality							12.00%
Operating Partnership units owned by members of Chesapeake Hospitality | shares							870,271
Company's common stock shares owned by members of Chesapeake Hospitality | shares							1,740,691
Leasehold revenue							$ 0	$ 0	350,000
Expiry date of leasehold interests							Dec. 31, 2011
Strategic alliance agreement term					10 years
Agreement expire date							Dec. 15, 2014
Expiry date of master management agreement							Between December 2014 and March 2019
Management fee of gross revenues for first full fiscal year							2.00%
Management fee of gross revenues for second full fiscal year							2.50%
Management fee of gross revenues for every year thereafter							3.00%
Period of incentive management fee due within end of the fiscal year							90 days
Incentive management of increase in gross operating profit							10.00%
Maximum incentive management fee of gross revenues							0.25%
Agreement term							5 years
Percentage of management fees due thereafter							2.50%
Percentage of management fee due through 2017							2.65%
Base management and administrative fees earned by related party							$ 3,828,896	3,371,668	3,342,782
Incentive management fees earned by related party							36,466	79,555	97,025
Employee medical benefits paid							$ 4,606,967	4,541,546	3,748,587
Expiry date of management agreement							Aug. 30, 2017
Management fee							3.00%
Base management fees						$ 401,954			592,119
Chesapeake Hospitality [Member] | Georgian Terrace [Member]
Related Party Transaction [Line Items]
Administrative fee per year							$ 30,000
Chesapeake Hospitality [Member] | Whitehall and Georgian Terrace Hotel [Member]
Related Party Transaction [Line Items]
Percentage of management fee due through 2015							2.00%
Percentage of management fee due in 2016							2.25%
Percentage of management fees due thereafter							2.50%
Chesapeake Hospitality [Member] | Aggregate Basis [Member]
Related Party Transaction [Line Items]
Number of hotels | Hotel							8
Chesapeake Hospitality [Member] | Individual Basis [Member]
Related Party Transaction [Line Items]
Number of hotels | Hotel							2
Chesapeake Hospitality [Member] | Individual Hotel Management Agreements [Member]
Related Party Transaction [Line Items]
Management fee of gross revenues for first full fiscal year							2.00%
Management fee of gross revenues for second full fiscal year							2.25%
Management fee of gross revenues for every year thereafter							2.50%
Affiliated Entity [Member]
Related Party Transaction [Line Items]
Asset management fee payable							$ 0	0
Affiliated Entity [Member] | Crowne Plaza Hollywood Beach Resort [Member]
Related Party Transaction [Line Items]
Due from Chesapeake Hospitality							$ 0	146,836
MHI Hospitality TRS II, LLC [Member]
Related Party Transaction [Line Items]
Asset management fee as percentage of revenue							1.50%
Asset management fee paid						$ 200,976			$ 300,607
Board of Directors [Member]
Related Party Transaction [Line Items]
Redemption of units in operating partnership | shares									3,300
Number of members controlled by related party | Members									1
Operating Partnership stock redemption value									$ 25,621
Sotherly Foundation [Member]
Related Party Transaction [Line Items]
Amount loaned to related party								180,000
Loan receivable outstanding							$ 80,000
Daughter of Chief Executive Officer and Her Husband [Member]
Related Party Transaction [Line Items]
Total compensation for related parties							331,091	270,240	$ 204,000
Director [Member]
Related Party Transaction [Line Items]
Conversion of units in Operating Partnership to shares of common stock, shares | shares	322,687	200,000
Partnership controlled by Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Business-related air travel expense reimbursed to partnership							$ 123,866	$ 138,025
Previous Director [Member]
Related Party Transaction [Line Items]
Conversion of units in Operating Partnership to shares of common stock, shares | shares	100,000		100,000

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 29, 2016	Jan. 02, 2016
Compensation And Retirement Disclosure [Abstract]
Employer contribution for first 3% of employee contributions	100.00%
Employer contribution for next 2% of employee contributions	50.00%
Percentage of first specified employee contributions	3.00%
Percentage of next specified employee contributions	2.00%
Contribution for retirement plan	$ 63,944	$ 40,768	$ 40,586
Maximum amount allocated to purchase common stock under ESOP				$ 5,000,000	$ 5,000,000

Unconsolidated Joint Venture -

Unconsolidated Joint Venture - Additional Information (Detail)	Dec. 31, 2016	Dec. 31, 2015	Jul. 31, 2015	Jul. 30, 2015
Crowne Plaza Hollywood Beach Resort [Member]
Schedule Of Equity Method Investments [Line Items]
Percentage of direct ownership	100.00%	100.00%
Percentage of operating partnership owned			25.00%	25.00%
Carlyle [Member]
Schedule Of Equity Method Investments [Line Items]
Percentage of indirect interest owned			75.00%	75.00%

Unconsolidated Joint Venture 59

Unconsolidated Joint Venture - Summarized Financial Information of Investment (Detail) - Crowne Plaza Hollywood Beach Resort [Member] - USD ($)	7 Months Ended	12 Months Ended
	Jul. 31, 2015	Dec. 31, 2014
Revenue
Rooms department	$ 10,605,941	$ 15,386,595
Food and beverage department	1,911,950	2,968,395
Other operating departments	880,564	1,385,469
Total revenue	13,398,455	19,740,459
Hotel operating expenses
Rooms department	2,062,515	3,270,930
Food and beverage department	1,442,139	2,270,918
Other operating departments	388,087	655,818
Indirect	4,774,322	7,436,198
Total hotel operating expenses	8,667,063	13,633,864
Depreciation and amortization	1,060,339	2,116,211
General and administrative	252,565	148,873
Total operating expenses	9,979,967	15,898,948
Operating income	3,418,488	3,841,511
Interest expense	(1,516,433)	(2,612,032)
Net income	$ 1,902,055	$ 1,229,479

Indirect Hotel Operating Expe60

Indirect Hotel Operating Expenses - Summary of Indirect Hotel Operating Expenses (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	$ 57,141,692	$ 51,310,292	$ 45,072,491
General and Administrative [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	12,419,221	11,595,819	9,823,853
Sales and Marketing [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	13,754,600	11,426,637	9,788,079
Repairs and Maintenance [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	7,401,755	6,948,699	6,278,411
Utilities [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	6,429,686	6,124,459	5,763,990
Franchise Fees [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	4,091,729	4,016,083	4,122,726
Management Fees, Including Incentive [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	3,865,362	3,490,586	3,439,807
Property Taxes [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	5,983,280	5,110,659	3,664,022
Insurance [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	2,594,783	2,305,966	1,927,935
Other [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	$ 601,276	$ 291,383	$ 263,668

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Benefit) Provision (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current:
State	$ 191,332	$ 444,538	$ 233,940
Total	191,332	444,538	233,940
Deferred:
Federal	(1,294,408)	(1,510,726)	(1,718,351)
State	(264,558)	(269,845)	(243,312)
Total	(1,558,966)	(1,780,571)	(1,961,663)
Income tax (benefit) provision	$ (1,367,634)	$ (1,336,033)	$ (1,727,723)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Federal Income Tax Provision (Benefit) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Statutory federal income tax expense	$ (158,859)	$ 1,705,610	$ (838,519)
Effect of non-taxable REIT income	(1,135,549)	(2,866,950)	(898,576)
State income tax benefit	(73,226)	(174,693)	9,372
Income tax (benefit) provision	$ (1,367,634)	$ (1,336,033)	$ (1,727,723)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Line Items]
Deferred tax asset	$ 6,949,340	$ 5,390,374
Accumulated net operating losses	6,000,000
Start-up expense related to company	$ 200,000	200,000
Loss carryforwards, expired	2,028
Amortized period	15 years
TRS Lessee [Member]
Income Taxes [Line Items]
Accumulated net operating losses	$ 6,000,000	$ 4,500,000

Income (Loss) Per Share and P64

Income (Loss) Per Share and Per Unit - Computation of Basic and Diluted Income (Loss) Per Share (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator
Net income/(loss) attributable to the common shareholders for basic computation	$ (746,140)	$ (1,716,234)	$ 1,761,106	$ 483,095	$ (522,174)	$ 3,872,394	$ 1,431,110	$ 575,336	$ (218,173)	$ 5,356,666	$ (584,671)
Denominator
Weighted average number of common shares outstanding for basic computation									14,896,994	12,541,117	10,377,125
Basic and diluted net income (loss) per share/unit	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03	$ (0.04)	$ 0.27	$ 0.13	$ 0.05	$ (0.01)	$ 0.43	$ (0.06)

Income (Loss) Per Share and P65

Income (Loss) Per Share and Per Unit - Computation of Basic and Diluted Income (Loss) Per Unit (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income/(loss) attributable to the common unitholders for basic computation	$ (746,140)	$ (1,716,234)	$ 1,761,106	$ 483,095	$ (522,174)	$ 3,872,394	$ 1,431,110	$ 575,336	$ (218,173)	$ 5,356,666	$ (584,671)
Basic and diluted net income (loss) per share/unit	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03	$ (0.04)	$ 0.27	$ 0.13	$ 0.05	$ (0.01)	$ 0.43	$ (0.06)
Sotherly Hotels LP [Member]
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income/(loss) attributable to the common unitholders for basic computation									$ (244,740)	$ 6,397,653	$ (738,509)
Weighted average number of units outstanding									16,710,935	14,924,410	13,107,413
Basic and diluted net income (loss) per share/unit									$ (0.01)	$ 0.43	$ (0.06)

Quarterly Operating Results -66

Quarterly Operating Results - Unaudited - Quarterly Operating Results (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 35,935,342	$ 37,275,312	$ 41,824,954	$ 37,810,144	$ 36,750,863	$ 33,941,875	$ 36,865,108	$ 30,975,630	$ 152,845,752	$ 138,533,476	$ 122,939,919
Total operating expenses	33,026,914	33,539,913	34,645,809	33,025,990	34,127,473	31,976,036	29,689,455	27,410,462	134,238,626	123,203,426	110,434,588
Net operating income	2,908,428	3,735,399	7,179,145	4,784,154	2,623,390	1,965,839	7,175,653	3,565,168	18,607,126	15,330,050	12,505,331
Net income (loss)	(74,084)	(1,549,191)	1,977,550	545,874	(711,959)	4,636,644	1,759,109	713,859	900,149	6,397,653	(738,509)
Net income/(loss) attributable to the common shareholders for basic computation	$ (746,140)	$ (1,716,234)	$ 1,761,106	$ 483,095	$ (522,174)	$ 3,872,394	$ 1,431,110	$ 575,336	$ (218,173)	$ 5,356,666	$ (584,671)
Earnings (loss) per share attributable to common shareholders– basic and diluted	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03	$ (0.04)	$ 0.27	$ 0.13	$ 0.05	$ (0.01)	$ 0.43	$ (0.06)

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Feb. 07, 2017USD ($)	Jan. 30, 2017USD ($)Room$ / shares	Jan. 11, 2017$ / shares	Feb. 28, 2017USD ($)shares	Dec. 31, 2016Room	Dec. 29, 2016USD ($)	Jan. 02, 2016USD ($)
Subsequent Event [Line Items]
Maximum amount allocated to purchase common stock under ESOP						$ 5,000,000	$ 5,000,000
Rooms in hotel | Room					2,838
Commercial Unit of Hyde Resort & Residences [Member]
Subsequent Event [Line Items]
Rooms in hotel | Room					400
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of common stock, shares purchased | shares				682,500
Purchased common stock, value				$ 4,900,000
Dividend paid | $ / shares			$ 0.095
Dividend record date		Mar. 15, 2017	Dec. 15, 2016
Dividend distributed | $ / shares		$ 0.10
Dividend payment date		Apr. 11, 2017
Preferred dividend distributed | $ / shares		$ 0.50
Subsequent Event [Member] | Crowne Plaza Hampton Marina [Member]
Subsequent Event [Line Items]
Proceeds from sale of assets	$ 5,600,000
Subsequent Event [Member] | Commercial Unit of Hyde Resort & Residences [Member]
Subsequent Event [Line Items]
Rooms in hotel | Room		400
Commercial unit purchase price		$ 4,800,000
Subsequent Event [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Subsequent Event [Line Items]
Dividend record date		Mar. 15, 2017
Dividend payment date		Apr. 17, 2017

Schedule III - Real Estate an68

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 284,542
Initial Costs, Land	58,653
Initial Costs, Building & Improvements	242,410
Costs Capitalized Subsequent to Acquisition, Land	297
Costs Capitalized Subsequent to Acquisition, Building & Improvements	100,829
Gross Amount at End of Year, Land	58,950
Gross Amount at End of Year, Building & Improvements	343,239
Gross Amount at End of Year, Total	402,189	$ 393,630	$ 294,827
Accumulated Depreciation & Impairment	$ (68,506)
Crowne Plaza Hampton Marina - Hampton, Virginia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Crowne Plaza Hampton Marina – Hampton, Virginia
Encumbrances	$ 2,585
Initial Costs, Land	1,061
Initial Costs, Building & Improvements	6,733
Costs Capitalized Subsequent to Acquisition, Land	36
Costs Capitalized Subsequent to Acquisition, Building & Improvements	3,796
Gross Amount at End of Year, Land	1,097
Gross Amount at End of Year, Building & Improvements	10,529
Gross Amount at End of Year, Total	11,626
Accumulated Depreciation & Impairment	$ (4,296)
Date of Construction	1,988
Date Acquired	2,008
Crowne Plaza Hampton Marina - Hampton, Virginia [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Crowne Plaza Hampton Marina - Hampton, Virginia [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Crowne Plaza Hollywood Beach Resort - Hollywood Beach, Florida [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Crowne Plaza Hollywood Beach Resort - Hollywood Beach, Florida
Encumbrances	$ 58,936
Initial Costs, Land	22,865
Initial Costs, Building & Improvements	67,660
Costs Capitalized Subsequent to Acquisition, Building & Improvements	(124)
Gross Amount at End of Year, Land	22,865
Gross Amount at End of Year, Building & Improvements	67,536
Gross Amount at End of Year, Total	90,401
Accumulated Depreciation & Impairment	$ (2,646)
Date of Construction	1,972
Date Acquired	2,015
Crowne Plaza Hollywood Beach Resort - Hollywood Beach, Florida [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Crowne Plaza Hollywood Beach Resort - Hollywood Beach, Florida [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Crowne Plaza Tampa Westshore - Tampa, Florida [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Crowne Plaza Tampa Westshore – Tampa, Florida
Encumbrances	$ 15,561
Initial Costs, Land	4,153
Initial Costs, Building & Improvements	9,670
Costs Capitalized Subsequent to Acquisition, Land	297
Costs Capitalized Subsequent to Acquisition, Building & Improvements	22,259
Gross Amount at End of Year, Land	4,450
Gross Amount at End of Year, Building & Improvements	31,929
Gross Amount at End of Year, Total	36,379
Accumulated Depreciation & Impairment	$ (7,707)
Date of Construction	1,973
Date Acquired	2,007
Crowne Plaza Tampa Westshore - Tampa, Florida [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Crowne Plaza Tampa Westshore - Tampa, Florida [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida
Encumbrances	$ 19,292
Initial Costs, Land	7,090
Initial Costs, Building & Improvements	14,604
Costs Capitalized Subsequent to Acquisition, Land	89
Costs Capitalized Subsequent to Acquisition, Building & Improvements	7,113
Gross Amount at End of Year, Land	7,179
Gross Amount at End of Year, Building & Improvements	21,717
Gross Amount at End of Year, Total	28,896
Accumulated Depreciation & Impairment	$ (5,881)
Date of Construction	1,970
Date Acquired	2,005
DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
DoubleTree by Hilton Laurel – Laurel, Maryland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	DoubleTree by Hilton Laurel – Laurel, Maryland
Encumbrances	$ 9,329
Initial Costs, Land	900
Initial Costs, Building & Improvements	9,443
Costs Capitalized Subsequent to Acquisition, Land	175
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,679
Gross Amount at End of Year, Land	1,075
Gross Amount at End of Year, Building & Improvements	15,122
Gross Amount at End of Year, Total	16,197
Accumulated Depreciation & Impairment	$ (3,913)
Date of Construction	1,985
Date Acquired	2,004
DoubleTree by Hilton Laurel – Laurel, Maryland [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
DoubleTree by Hilton Laurel – Laurel, Maryland [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
DoubleTree By Hilton Philadelphia Airport - Philadelphia, Pennsylvania [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	DoubleTree by Hilton Philadelphia Airport – Philadelphia, Pennsylvania
Encumbrances	$ 31,262
Initial Costs, Land	2,100
Initial Costs, Building & Improvements	22,031
Costs Capitalized Subsequent to Acquisition, Land	260
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,478
Gross Amount at End of Year, Land	2,360
Gross Amount at End of Year, Building & Improvements	27,509
Gross Amount at End of Year, Total	29,869
Accumulated Depreciation & Impairment	$ (8,281)
Date of Construction	1,972
Date Acquired	2,004
DoubleTree By Hilton Philadelphia Airport - Philadelphia, Pennsylvania [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
DoubleTree By Hilton Philadelphia Airport - Philadelphia, Pennsylvania [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina
Encumbrances	$ 14,774
Initial Costs, Land	815
Initial Costs, Building & Improvements	7,416
Costs Capitalized Subsequent to Acquisition, Land	213
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,761
Gross Amount at End of Year, Land	1,028
Gross Amount at End of Year, Building & Improvements	13,177
Gross Amount at End of Year, Total	14,205
Accumulated Depreciation & Impairment	$ (4,831)
Date of Construction	1,971
Date Acquired	2,004
DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Georgian Terrace - Atlanta, Georgia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Georgian Terrace – Atlanta, Georgia
Encumbrances	$ 45,826
Initial Costs, Land	10,128
Initial Costs, Building & Improvements	45,386
Costs Capitalized Subsequent to Acquisition, Land	(1,332)
Costs Capitalized Subsequent to Acquisition, Building & Improvements	4,811
Gross Amount at End of Year, Land	8,796
Gross Amount at End of Year, Building & Improvements	50,197
Gross Amount at End of Year, Total	58,993
Accumulated Depreciation & Impairment	$ (3,715)
Date of Construction	1,911
Date Acquired	2,014
Georgian Terrace - Atlanta, Georgia [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Georgian Terrace - Atlanta, Georgia [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Hilton Savannah DeSoto - Savannah, Georgia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hilton Savannah DeSoto – Savannah, Georgia
Encumbrances	$ 30,000
Initial Costs, Land	600
Initial Costs, Building & Improvements	13,562
Costs Capitalized Subsequent to Acquisition, Land	31
Costs Capitalized Subsequent to Acquisition, Building & Improvements	14,545
Gross Amount at End of Year, Land	631
Gross Amount at End of Year, Building & Improvements	28,107
Gross Amount at End of Year, Total	28,738
Accumulated Depreciation & Impairment	$ (8,640)
Date of Construction	1,968
Date Acquired	2,004
Hilton Savannah DeSoto - Savannah, Georgia [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hilton Savannah DeSoto - Savannah, Georgia [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Hilton Wilmington Riverside - Wilmington, North Carolina [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hilton Wilmington Riverside – Wilmington, North Carolina
Encumbrances	$ 30,000
Initial Costs, Land	785
Initial Costs, Building & Improvements	16,829
Costs Capitalized Subsequent to Acquisition, Land	228
Costs Capitalized Subsequent to Acquisition, Building & Improvements	12,514
Gross Amount at End of Year, Land	1,013
Gross Amount at End of Year, Building & Improvements	29,343
Gross Amount at End of Year, Total	30,356
Accumulated Depreciation & Impairment	$ (11,283)
Date of Construction	1,970
Date Acquired	2,004
Hilton Wilmington Riverside - Wilmington, North Carolina [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hilton Wilmington Riverside - Wilmington, North Carolina [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Sheraton Louisville Riverside - Jeffersonville, Indiana [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Sheraton Louisville Riverside – Jeffersonville, Indiana
Encumbrances	$ 11,977
Initial Costs, Land	782
Initial Costs, Building & Improvements	6,891
Costs Capitalized Subsequent to Acquisition, Land	222
Costs Capitalized Subsequent to Acquisition, Building & Improvements	14,566
Gross Amount at End of Year, Land	1,004
Gross Amount at End of Year, Building & Improvements	21,457
Gross Amount at End of Year, Total	22,461
Accumulated Depreciation & Impairment	$ (5,074)
Date of Construction	1,972
Date Acquired	2,006
Sheraton Louisville Riverside - Jeffersonville, Indiana [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Sheraton Louisville Riverside - Jeffersonville, Indiana [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
The Whitehall – Houston, Texas [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	The Whitehall – Houston, Texas
Encumbrances	$ 15,000
Initial Costs, Land	7,374
Initial Costs, Building & Improvements	22,185
Costs Capitalized Subsequent to Acquisition, Land	78
Costs Capitalized Subsequent to Acquisition, Building & Improvements	4,431
Gross Amount at End of Year, Land	7,452
Gross Amount at End of Year, Building & Improvements	26,616
Gross Amount at End of Year, Total	34,068
Accumulated Depreciation & Impairment	$ (2,239)
Date of Construction	1,963
Date Acquired	2,013
The Whitehall – Houston, Texas [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
The Whitehall – Houston, Texas [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years

Schedule III - Real Estate an69

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	Dec. 31, 2016USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of our real estate assets for federal income tax	$ 398.6

Schedule III - Real Estate an70

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate and Accumulated Depreciation (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Real Estate
Beginning Balance	$ 393,630,000	$ 294,827,000
Acquisitions		91,669,000
Improvements	9,473,000	11,105,000
Disposal of Assets	(914,000)	(3,971,000)
Ending Balance	402,189,000	393,630,000	$ 294,827,000
Reconciliation of Accumulated Depreciation
Beginning Balance	62,041,000	53,233,000
Current Expense	7,018,000	8,790,000
Impairment	0	500,000	3,175,000
Disposal of Assets	(553,000)	(482,000)
Ending Balance	$ 68,506,000	$ 62,041,000	$ 53,233,000