Sotherly Hotels (SOHO) 10-K 16 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 10, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
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	Accelerated Filer
Entity Common Stock, Shares Outstanding		14,121,081
Entity Public Float			$ 78,880,056
Sotherly Hotels LP [Member]
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	SOTHERLY 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, 2017	Dec. 31, 2016
ASSETS
Investment in hotel properties, net	$ 357,799,512	$ 348,593,912
Investment in hotel properties held for sale, net		5,333,000
Cash and cash equivalents	29,777,845	31,766,775
Restricted cash	3,651,197	4,596,145
Accounts receivable, net	5,587,077	4,127,748
Accounts receivable - affiliate	394,026	4,175
Prepaid expenses, inventory and other assets	7,292,565	4,648,469
Deferred income taxes	5,451,118	6,949,340
TOTAL ASSETS	409,953,340	406,019,564
LIABILITIES
Mortgage loans, net	297,318,816	282,708,289
Unsecured notes, net		24,308,713
Accounts payable and accrued liabilities	13,813,623	12,970,960
Advance deposits	1,572,388	2,315,787
Dividends and distributions payable	3,073,483	2,376,527
TOTAL LIABILITIES	315,778,310	324,680,276
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity
Common stock, par value $0.01, 49,000,000 shares authorized, 14,078,831 shares and 14,468,551 shares issued and outstanding at December 31, 2017 and 2016, respectively	140,788	144,685
Additional paid-in capital	146,249,339	118,395,082
Unearned ESOP shares	(4,633,112)
Distributions in excess of retained earnings	(48,765,860)	(39,545,754)
Total Sotherly Hotels Inc. stockholders’ equity	93,020,255	79,010,113
Noncontrolling interest	1,154,775	2,329,175
TOTAL EQUITY	94,175,030	81,339,288
TOTAL LIABILITIES AND EQUITY	409,953,340	406,019,564
Sotherly Hotels LP [Member]
ASSETS
Investment in hotel properties, net	357,799,512	348,593,912
Investment in hotel properties held for sale, net		5,333,000
Cash and cash equivalents	29,777,845	31,766,775
Restricted cash	3,651,197	4,596,145
Accounts receivable, net	5,587,077	4,127,748
Accounts receivable - affiliate	394,026	4,175
Loan receivable - affiliate	4,650,969
Prepaid expenses, inventory and other assets	7,292,565	4,648,469
Deferred income taxes	5,451,118	6,949,340
TOTAL ASSETS	414,604,309	406,019,564
LIABILITIES
Mortgage loans, net	297,318,816	282,708,289
Unsecured notes, net		24,308,713
Accounts payable and accrued liabilities	13,813,623	12,970,960
Advance deposits	1,572,388	2,315,787
Dividends and distributions payable	3,119,027	2,376,527
TOTAL LIABILITIES	315,823,854	324,680,276
Commitments and contingencies (See Note 6)
Sotherly Hotels Inc. stockholders’ equity
TOTAL LIABILITIES AND EQUITY	414,604,309	406,019,564
PARTNERS’ CAPITAL
General Partner: 158,570 units and 162,467 units issued and outstanding as of December 31, 2017 and 2016, respectively	586,725	681,389
Limited Partners: 15,698,401 units and 16,084,224 units issued and outstanding as of December 31, 2017 and 2016, respectively	29,938,539	42,891,368
TOTAL PARTNERS’ CAPITAL	98,780,455	81,339,288
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
PARTNERS’ CAPITAL
Preferred units, $0.01 par value, 11,000,000 units authorized;	37,766,531	37,766,531
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
PARTNERS’ CAPITAL
Preferred units, $0.01 par value, 11,000,000 units authorized;	30,488,660
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Sotherly Hotels Inc. stockholders’ equity
Preferred stock, $0.01 par value, 11,000,000 shares authorized;	16,100	$ 16,100
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Sotherly Hotels Inc. stockholders’ equity
Preferred stock, $0.01 par value, 11,000,000 shares authorized;	$ 13,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Preferred stock, shares authorized	11,000,000	11,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	49,000,000	49,000,000
Common stock, shares issued	14,078,831	14,468,551
Common stock, shares outstanding	14,078,831	14,468,551
Sotherly Hotels LP [Member]
General Partner, units issued	158,570	162,467
General Partner, units outstanding	158,570	162,467
Limited Partner, units issued	15,698,401	16,084,224
Limited Partner, units outstanding	15,698,401	16,084,224
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred units, par value	$ 0.01	$ 0.01
Preferred units, authorized	11,000,000	11,000,000
Preferred units, dividend rate percentage	8.00%	8.00%
Preferred units, liquidation preference per units	$ 25	$ 25
Preferred units, issued	1,610,000	1,610,000
Preferred units, outstanding	1,610,000	1,610,000
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred units, par value	$ 0.01	$ 0.01
Preferred units, authorized	11,000,000	11,000,000
Preferred units, dividend rate percentage	7.875%	7.875%
Preferred units, liquidation preference per units	$ 25	$ 25
Preferred units, issued	1,300,000	0
Preferred units, outstanding	1,300,000	0
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	11,000,000	11,000,000
Preferred stock, dividend rate percentage	8.00%	8.00%
Preferred stock, liquidation preference per share	$ 25	$ 25
Preferred stock, shares issued	1,610,000	1,610,000
Preferred stock, shares outstanding	1,610,000	1,610,000
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	11,000,000	11,000,000
Preferred stock, dividend rate percentage	7.875%	7.875%
Preferred stock, liquidation preference per share	$ 25	$ 25
Preferred stock, shares issued	1,300,000	0
Preferred stock, shares outstanding	1,300,000	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
REVENUE
Rooms department	$ 105,727,372	$ 108,199,151	$ 96,837,386
Food and beverage department	34,513,695	35,384,530	33,273,599
Other operating departments	14,025,626	9,262,071	8,422,491
Total revenue	154,266,693	152,845,752	138,533,476
Hotel operating expenses
Rooms department	26,673,727	28,300,126	25,025,337
Food and beverage department	24,585,923	24,357,248	23,005,629
Other operating departments	4,405,515	2,438,860	1,786,197
Indirect	57,612,203	57,736,937	52,067,947
Total hotel operating expenses	113,277,368	112,833,171	101,885,110
Depreciation and amortization	16,999,619	15,019,071	13,591,495
Impairment of investment in hotel properties, net	0	0	500,000
Loss (gain) on disposal of assets	1,489,892	365,319	(41,435)
Corporate general and administrative	6,335,926	6,021,065	7,268,256
Total operating expenses	138,102,805	134,238,626	123,203,426
NET OPERATING INCOME	16,163,888	18,607,126	15,330,050
Other income (expense)
Interest expense	(15,727,628)	(17,735,107)	(16,515,827)
Interest income	218,656	115,785	50,461
Equity income in joint venture			475,514
Loss on early debt extinguishment	(1,178,348)	(1,417,905)	(772,907)
Unrealized loss on hedging activities	(28,384)	(37,384)	(108,819)
Gain on sale of assets	76,233
Gain on change in control			6,603,148
Gain on involuntary conversion of assets	2,242,876	0	0
Net income (loss) before income taxes	1,767,293	(467,485)	5,061,620
Income tax (provision) benefit	(1,737,804)	1,367,634	1,336,033
Net income	29,489	900,149	6,397,653
Less: Net loss (income) attributable to noncontrolling interest	413,014	26,567	(1,040,987)
Net income attributable to the Company	442,503	926,716	5,356,666
Distributions to preferred stockholders	(3,781,639)	(1,144,889)
Net income (loss) available to common stockholders	$ (3,339,136)	$ (218,173)	$ 5,356,666
Net income/(loss) per share attributable to the common stockholders/operating partner unit
Basic	$ (0.24)	$ (0.01)	$ 0.43
Diluted	$ (0.24)	$ (0.01)	$ 0.43
Weighted average number of common shares/operating partner units outstanding
Basic	13,829,100	14,896,994	12,541,117
Diluted	13,829,100	14,896,994	12,541,117
Sotherly Hotels LP [Member]
REVENUE
Rooms department	$ 105,727,372	$ 108,199,151	$ 96,837,386
Food and beverage department	34,513,695	35,384,530	33,273,599
Other operating departments	14,025,626	9,262,071	8,422,491
Total revenue	154,266,693	152,845,752	138,533,476
Hotel operating expenses
Rooms department	26,673,727	28,895,371	25,025,337
Food and beverage department	24,585,923	24,357,248	23,005,629
Other operating departments	4,405,515	2,438,860	1,786,197
Indirect	57,612,203	57,141,692	52,067,947
Total hotel operating expenses	113,277,368	112,833,171	101,885,110
Depreciation and amortization	16,999,619	15,019,071	13,591,495
Impairment of investment in hotel properties, net			500,000
Loss (gain) on disposal of assets	1,489,892	365,319	(41,435)
Corporate general and administrative	6,335,926	6,021,065	7,268,256
Total operating expenses	138,102,805	134,238,626	123,203,426
NET OPERATING INCOME	16,163,888	18,607,126	15,330,050
Other income (expense)
Interest expense	(15,727,628)	(17,735,107)	(16,515,827)
Interest income	218,656	115,785	50,461
Equity income in joint venture			475,514
Loss on early debt extinguishment	(1,178,348)	(1,417,905)	(772,907)
Unrealized loss on hedging activities	(28,384)	(37,384)	(108,819)
Gain on sale of assets	76,233
Gain on change in control	6,603,148	6,603,148	6,603,148
Gain on involuntary conversion of assets	2,242,876
Net income (loss) before income taxes	1,767,293	(467,485)	5,061,620
Income tax (provision) benefit	(1,737,804)	1,367,634	1,336,033
Net income	29,489	900,149	6,397,653
Distributions to preferred unit holder	(3,781,639)	(1,144,889)
Net income (loss) available to operating partnership unit holders	$ (3,752,150)	$ (244,740)	$ 6,397,653
Net income/(loss) per share attributable to the common stockholders/operating partner unit
Basic and diluted	$ (0.23)	$ (0.01)	$ 0.43
Weighted average number of common shares/operating partner units outstanding
Basic and diluted	16,224,005	16,710,935	14,924,410

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Total	Series B Preferred Stock [Member]	Series C Preferred Stock [Member]	Preferred Stock [Member]	Preferred Stock [Member]Series B Preferred Stock [Member]	Preferred Stock [Member]Series C Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Additional Paid-In Capital [Member]Series B Preferred Stock [Member]	Additional Paid-In Capital [Member]Series C Preferred Stock [Member]	Unearned ESOP Shares [Member]	Distributions in Excess of Retained Earnings [Member]	Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2014	$ 27,509,857						$ 105,709	$ 58,659,799				$ (35,388,313)	$ 4,132,662
Balances, shares, beginning at Dec. 31, 2014							10,570,932
Net income (loss)	6,397,653											5,356,666	1,040,987
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 from ATM sales	682,208						$ 986	681,222
Issuance of common stock from ATM sales, 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
Conversion of Operating Partnership units into shares of common stock							$ 3,500	588,162					(591,662)
Conversion of Operating Partnership units into shares of common stock, shares							350,000
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)
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
Issuance of common stock from ATM sales		$ 37,766,531			$ 16,100				$ 37,750,431
Issuance of common stock from ATM sales, shares					1,610,000
Repurchase of common stock	$ (3,164,536)						$ (4,811)	(3,159,725)
Repurchase of common stock, shares	(481,100)						(481,100)
Conversion of Operating Partnership units into shares of common stock							$ 4,227	843,998					(848,225)
Conversion of Operating Partnership units into shares of common stock, shares							422,687
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
Net income (loss)	29,489											442,503	(413,014)
Issuance of restricted common stock awards	89,160						$ 120	89,040
Issuance of restricted common stock awards, shares							12,000
Issuance of common stock from ATM sales			$ 30,488,660			$ 13,000				$ 30,475,660
Issuance of common stock from ATM sales, shares						1,300,000
Repurchase of common stock	$ (2,731,041)						$ (4,017)	(2,727,024)
Repurchase of common stock, shares	(401,720)						(401,720)
Purchase of shares by ESOP	$ (4,874,758)										$ (4,874,758)
Amortization of ESOP shares	238,307							(3,339)			241,646
Amortization of restricted stock award	19,920							19,920
Preferred stock dividends declared	(3,781,639)											(3,781,639)
Dividends and distributions declared	(6,642,356)											(5,880,970)	(761,386)
Balances, ending at Dec. 31, 2017	$ 94,175,030			$ 29,100			$ 140,788	$ 146,249,339			$ (4,633,112)	$ (48,765,860)	$ 1,154,775
Balances, shares, ending at Dec. 31, 2017				2,910,000			14,078,831

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income (loss)	$ 29,489	$ 900,149	$ 6,397,653
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,999,619	15,019,071	13,591,495
Gain on change in control			(6,603,148)
Equity income in joint venture			(475,514)
Impairment of investment in hotel properties	0	0	500,000
Amortization of deferred financing costs	776,410	1,147,864	1,300,032
Amortization of mortgage premium	(24,681)	(24,682)	(18,820)
Gain on involuntary conversion of assets	(2,242,876)	0	0
Unrealized loss on derivative instrument	28,384	37,384	108,819
Loss (gain) on disposal of assets	1,489,892	365,319	(41,435)
Gain on sale of assets	(76,233)
Loss on early extinguishment of debt	1,178,348	1,417,905	772,907
Share / Unit - based compensation	347,387	211,682	285,978
Changes in assets and liabilities:
Restricted cash	(85,529)	(560,817)	584,926
Accounts receivable	(1,492,119)	(56,573)	(2,021,825)
Prepaid expenses, inventory and other assets	(2,780,246)	(334,063)	(623,980)
Deferred income taxes	1,498,222	(1,558,966)	(1,780,571)
Accounts payable and other accrued liabilities	1,244,731	(35,188)	(1,001,376)
Advance deposits	(743,399)	663,947	431,111
Accounts receivable - affiliate	(389,851)	222,377	(28,878)
Net cash provided by operating activities	15,757,548	17,415,409	11,377,374
Cash flows from investing activities:
Acquisitions of hotel properties	(3,986,849)		(25,525,754)
Improvements and additions to hotel properties	(23,155,738)	(14,912,677)	(20,136,427)
Distributions from joint venture			600,000
Funding of restricted cash reserves	(4,697,136)	(5,276,518)	(4,973,602)
Proceeds of restricted cash reserves	5,727,613	7,035,029	6,376,459
Proceeds from the sale of hotel property	5,434,856
Proceeds from insurance conversion	2,275,666		124,609
Proceeds from the sale or disposal of assets	105,401	213,400	2,402,113
Net cash used in investing activities	(18,296,187)	(12,940,766)	(41,132,602)
Cash flows from financing activities:
Proceeds of mortgage debt	40,500,000	102,700,000	127,000,000
Proceeds from mortgage loan receivable		2,600,711
Proceed from sale of common stock, net			23,250,818
Proceeds from the sale of preferred stock, net	30,488,660	37,766,531
Payments on mortgage loans	(25,990,271)	(89,619,564)	(120,154,764)
Redemption of unsecured notes	(25,300,000)	(27,600,000)
Settlement or repurchase of common stock / units	(3,708,891)	(2,061,407)
Payments of deferred financing costs	(837,991)	(1,796,351)	(1,377,882)
Funding of ESOP stock purchase	(4,874,758)
Dividends and distributions paid	(5,945,401)	(5,851,813)	(4,103,529)
Preferred dividends paid	(3,781,639)	(339,889)
Net cash provided by financing activities	549,709	15,798,218	24,614,643
Net (decrease) increase in cash and cash equivalents	(1,988,930)	20,272,861	(5,140,585)
Cash and cash equivalents at the beginning of the period	31,766,775	11,493,914	16,634,499
Cash and cash equivalents at the end of the period	29,777,845	31,766,775	11,493,914
Supplemental disclosures:
Cash paid during the period for interest	15,253,059	16,881,223	15,415,695
Cash paid during the period for income taxes	162,677	192,965	570,762
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 amount premium on the Crowne Plaza Hollywood Beach Resort assumed loan			246,815
Settlements for repurchase of common stock in accounts payable and accrued liabilities	125,279	1,103,129
Change in amount of deferred financing and deferred offering costs in accounts payable and accrued liabilities			624,117
Change in amount of improvements to hotel property in accounts payable and accrued liabilities	151,499	431,858	601,895
Sotherly Hotels LP [Member]
Cash flows from operating activities:
Net income (loss)	29,489	900,149	6,397,653
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	16,999,619	15,019,071	13,591,495
Gain on change in control	(6,603,148)	(6,603,148)	(6,603,148)
Equity income in joint venture			(475,514)
Impairment of investment in hotel properties			500,000
Amortization of deferred financing costs	776,410	1,147,864	1,300,032
Amortization of mortgage premium	(24,681)	(24,682)	(18,820)
Gain on involuntary conversion of assets	(2,242,876)
Unrealized loss on derivative instrument	28,384	37,384	108,819
Loss (gain) on disposal of assets	1,489,892	365,319	(41,435)
Gain on sale of assets	(76,233)
Loss on early extinguishment of debt	1,178,348	1,417,905	772,907
Share / Unit - based compensation	309,574	211,682	285,978
Changes in assets and liabilities:
Restricted cash	(85,529)	(560,817)	584,926
Accounts receivable	(1,492,119)	(56,573)	(2,021,825)
Prepaid expenses, inventory and other assets	(2,780,246)	(334,063)	(623,980)
Deferred income taxes	1,498,222	(1,558,966)	(1,780,571)
Accounts payable and other accrued liabilities	1,244,731	(35,188)	(1,001,376)
Advance deposits	(743,399)	663,947	431,111
Accounts receivable - affiliate	(389,851)	222,377	(28,878)
Net cash provided by operating activities	15,719,735	17,415,409	11,377,374
Cash flows from investing activities:
Acquisitions of hotel properties	(3,986,849)		(25,525,754)
Improvements and additions to hotel properties	(23,155,738)	(14,912,677)	(20,136,427)
Distributions from joint venture			600,000
ESOP loan advances	(4,874,758)
ESOP loan payments	223,789
Funding of restricted cash reserves	(4,697,136)	(5,276,518)	(4,973,602)
Proceeds of restricted cash reserves	5,727,613	7,035,029	6,376,459
Proceeds from the sale of hotel property	5,434,856
Proceeds from insurance conversion	2,275,666		124,609
Proceeds from the sale or disposal of assets	105,401	213,400	2,402,113
Net cash used in investing activities	(22,947,156)	(12,940,766)	(41,132,602)
Cash flows from financing activities:
Proceeds of mortgage debt	40,500,000	102,700,000	127,000,000
Proceeds from mortgage loan receivable		2,600,711
Proceeds from the sale of common operating units			23,250,818
Proceeds from sale of preferred operating units	30,488,660	37,766,531
Payments on mortgage loans	(25,990,271)	(89,619,564)	(120,154,764)
Redemption of unsecured notes	(25,300,000)	(27,600,000)
Settlement or repurchase of common stock / units	(3,708,891)	(2,061,407)
Payments of deferred financing costs	(837,991)	(1,796,351)	(1,377,882)
Dividends and distributions paid	(6,131,377)	(5,851,813)	(4,103,529)
Preferred dividends paid	(3,781,639)	(339,889)
Net cash provided by financing activities	5,238,491	15,798,218	24,614,643
Net (decrease) increase in cash and cash equivalents	(1,988,930)	20,272,861	(5,140,585)
Cash and cash equivalents at the beginning of the period	31,766,775	11,493,914	16,634,499
Cash and cash equivalents at the end of the period	29,777,845	31,766,775	11,493,914
Supplemental disclosures:
Cash paid during the period for interest	15,253,059	16,881,223	15,415,695
Cash paid during the period for income taxes	162,677	192,965	570,762
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 amount premium on the Crowne Plaza Hollywood Beach Resort assumed loan			246,815
Settlements for repurchase of common units in accounts payable and accrued liabilities	125,279	1,103,129
Change in amount of deferred financing and deferred offering costs in accounts payable and accrued liabilities			624,117
Change in amount of improvements to hotel property in accounts payable and accrued liabilities	$ 151,499	$ 431,858	$ 601,895

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]	Sotherly Hotels LP [Member]Preferred Units [Member]Series B Preferred Units [Member]	Sotherly Hotels LP [Member]Preferred Units [Member]Series C Preferred Units [Member]
Balances, beginning at Dec. 31, 2014		$ 27,509,857	$ 520,791	$ 26,989,066
Balances, units, beginning 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
Partnership units 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 units distributions declared		(1,144,889)				(1,144,889)
Partnership units distributions declared		(6,088,017)	(60,881)	(6,027,136)
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
Issuance of common partnership units		89,160	$ 892	$ 88,268
Issuance of common partnership units, number of units			120	11,880
Issuance of preferred partnership units		30,488,660					$ 30,488,660
Issuance of preferred partnership units, number of units					1,300,000
Repurchased common units		$ (2,731,041)	$ (27,310)	$ (2,703,731)
Repurchased common units, number of units		(401,720)	(4,017)	(397,703)
Amortization of restricted units award	19,920	$ 19,920	$ 199	$ 19,721
Unit based compensation		200,494		200,494
Preferred units distributions declared		(3,781,639)				(3,220,000)	(561,639)
Partnership units distributions declared		(6,873,876)	(68,740)	(6,805,136)
Net income (loss)	$ 29,489	29,489	295	(3,752,445)		3,220,000	561,639
Balances, ending at Dec. 31, 2017		$ 98,780,455	$ 586,725	$ 29,938,539		$ 37,766,531	$ 30,488,660
Balances, units, ending at Dec. 31, 2017			158,570	15,698,401	2,910,000

Organization and Description of

Organization and Description of Business	12 Months Ended
	Dec. 31, 2017
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, as of December 31, 2017, 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 DeSoto, 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, 2017, was approximately 88.8% 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. For the years ended December 31, 2017, 2016 and 2015, MHI TRS engaged 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 May 5, 2015, we 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. We used the proceeds of the mortgage to repay the existing first mortgage and to pay closing costs, and used the balance of the proceeds to partially fund renovations at the Georgian Terrace and for general corporate purposes. During June 2015, the Company sold 98,682 shares of common stock for net proceeds of approximately $0.7 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. 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. We 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 used 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 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 31, 2015, we acquired the remaining 75.0% interest in (i) the entity that owns the DoubleTree Resort by Hilton Hollywood Beach (formerly known as the Crowne Plaza Hollywood Beach Resort), and (ii) the entity that leases the DoubleTree Resort by Hilton Hollywood Beach. As a result, the Operating Partnership now has a 100% indirect ownership interest in the entities that own the DoubleTree Resort by Hilton Hollywood Beach. 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 DoubleTree Resort by Hilton Hollywood Beach 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. We used the proceeds from the mortgage to repay the existing first mortgage on the DoubleTree Resort by Hilton Hollywood Beach and to pay closing costs, and used 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. We used the proceeds to repay the existing first mortgage on the Hilton Savannah DeSoto and to pay closing costs, and used 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. We used the proceeds to repay the existing first mortgage on the Crowne Plaza Tampa Westshore and to pay closing costs, and used the balance of the proceeds for general corporate purposes. On August 23, 2016, the Company sold 1,610,000 shares of 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B 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 our outstanding 8% senior unsecured notes (the “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 January 1, 2027, 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. We 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. For the years ended December 31, 2017 and 2016, the Company repurchased 401,720 and 481,100 shares of common stock, respectively, for approximately $2.7 million and $3.2 million, respectively. 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, 2018, unless extended by the Board of Directors. On December 29, 2016, the Company adopted an Employee Stock Ownership Plan (“ESOP”), effective as of January 1, 2016. The Company sponsors and maintains the ESOP and related trust for the benefit of its eligible employees. The ESOP is funded by a loan from the Company, pursuant to which the ESOP may borrow up to $5.0 million 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 at an aggregate cost of approximately $4.9 million, which it borrowed from the Company under the loan . Coincident with the execution of the loan from the Company to the ESOP, the Operating Partnership committed to fund a loan to the Company to allow the Company to loan funds to the ESOP, for the purpose as stated above. On January 30, 2017, we closed on the purchase of the commercial condominium unit of the Hyde Resort & Residences, a 400-unit condominium hotel located in the Hollywood, Florida market, for an aggregated price of approximately $4.8 million from 4111 South Ocean Drive, LLC. In connection with the closing of the transaction, we entered into a lease agreement for the 400-space parking garage and meeting rooms associated with the condominium hotel, agreements relating to the operation and management of the hotel condominium association and a condominium unit rental program, and a pre-opening services agreement whereby the seller paid us a fee of approximately $0.8 million for certain pre-opening related preparations. On February 7, 2017, we closed on the sale of the Crowne Plaza Hampton Marina to Marina Hotels, LLC for a price of $5.6 million. On June 1, 2017, we entered into an agreement to purchase the commercial unit of the planned Hyde Beach House Resort & Residences, a condominium hotel under development in Hollywood, Florida, for a price of $5.1 million from 4000 South Ocean Property Owner, LLLP. In connection with the agreement, we also entered into a pre-opening services agreement whereby the seller has agreed to pay us approximately $0.8 million in connection with certain pre-opening activities to be undertaken prior to the closing. We have agreed to purchase inventories at closing consistent with the management and operation of the planned hotel and the related condominium association for an additional amount and have further agreed to enter into a lease agreement for the parking garage and poolside cabanas associated with the planned hotel and to enter into a management agreement relating to the operation and management of the planned hotel’s condominium association. We anticipate that the closing of the transaction and the execution of related agreements will take place in the second quarter of 2019, once construction of the planned hotel has been substantially completed. The closing of the transaction is subject to various closing conditions as described in the purchase agreement. On June 29, 2017, we entered into a promissory note and other loan documents to secure a $35.5 million mortgage on the DoubleTree by Hilton Jacksonville Riverfront with Wells Fargo Bank, N.A. Pursuant to the loan documents, the loan has a maturity date of July 11, 2024, bears a fixed interest rate of 4.88%, amortizes on a 30-year schedule, and is subject to a prepayment premium following a prepayment lockout period. We used a portion of the proceeds to repay the existing first mortgage on the DoubleTree by Hilton Jacksonville Riverfront, to pay closing costs and for general corporate purposes. On October 11, 2017, the Company closed a sale and issuance of 1,200,000 shares of its newly authorized 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”), for net proceeds after all estimated expenses of approximately $28.0 million. On October 17, 2017, the Company closed a sale and issuance of an additional 100,000 shares of its Series C Preferred Stock, for net proceeds of approximately $2.5 million, pursuant to the underwriters’ partial exercise of an option granted by the Company to purchase additional shares. On November 15, 2017, t he Operating Partnership redeemed the entire $25.3 million principal amount of the 7% Notes, at a redemption price equal to 101% of the principal amount of the 7% Notes, plus any accrued and unpaid interest to, but not including, the redemption date.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
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. 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 – Prior to July 31, 2015 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 DoubleTree Resort by Hilton Hollywood Beach, and (ii) the entity that leases the DoubleTree Resort by Hilton Hollywood Beach. As a result, we now have a 100% indirect ownership interest in the entities that own the DoubleTree Resort by Hilton Hollywood Beach and consolidate the financial results of operations within the financial statements from August 1, 2015 through December 31, 2015 and for the years ended December 31, 2017 and 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, banqueting and credit card 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 net realizable value, 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, 2017 and 2016 were approximately $532,070 and $386,612, respectively. Amortization expense for the years ended December 31, 2017, 2016, and 2015 was $46,209, $52,330 and $53,347, 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. During the twelve months ended December 31, 2017 and 2016, the Company wrote off approximately $0.5 million and $0 of deferred offering costs, respectively. As of December 31, 2017, we have no capitalized deferred offering costs subject to further amortization. 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 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. Level 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 (our interest rate cap is the only asset or liability measured at fair value on a recurring basis and there were no non-recurring asset and liability fair value measurements as of December 31, 2017 and 2016, respectively): Level 1 Level 2 Level 3 December 31, 2016 Interest Rate Cap (1) $ — $ 33,597 $ — Mortgage loans (2) $ — $ (281,840,780 ) $ — Unsecured notes (3) $ (26,241,160 ) $ — $ — December 31, 2017 Interest Rate Cap (1) $ — $ 5,213 $ — Mortgage loans (2) $ — $ (292,368,370 ) $ — Unsecured notes (3) $ — $ — $ — (1) Interest rate cap, which caps a 1-month LIBOR rate at 2.5%. (2) Mortgage loans are reflected at carrying value on our Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016. (3) Unsecured notes are recorded at historical cost on our Consolidated Balance Sheet as of December 31, 2016. 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, rentals from restaurant tenants, rooftop leases, fees earned on the management of the condominium rental program at the Hyde Resort & Residences and insurance proceeds of business interruption coverage. Revenues are reported net of occupancy and other taxes collected from customers and remitted to governmental authorities. Refer to “New Accounting Pronouncements - ASU No. 2014-09, ,” below for further discussion of revenue recognition. 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 $1,780,525, $1,785,934 and $1,776,518, for the years ended December 31, 2017, 2016, and 2015, respectively. A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: For the year ending: December 31, 2018 $ 1,112,282 December 31, 2019 868,289 December 31, 2020 832,695 December 31, 2021 725,244 December 31, 2022 584,901 December 31, 2023 and thereafter 2,500,972 Total $ 6,624,383 Variable Interest Entities – The Operating Partnership is a variable interest entity. The Company’s only significant asset is its investment in the Operating Partnership, and consequently, substantially all of the Company’s assets and liabilities represent those assets and liabilities of the Operating Partnership and its subsidiaries. All of the Company’s debt is an obligation of the Operating Partnership and its subsidiaries. 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, 2017, deferred tax assets total approximately $5.5 million, of which approximately $4.9 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, 2017, 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, 2017, the tax years that remain subject to examination by the major tax jurisdictions to which the Company is subject generally include 2010 through 2016. In addition, as of December 31, 2017, the tax years that remain subject to examination by the major tax jurisdictions to which MHI TRS is subject, because of open NOL carryforwards, generally include 2009 through 2017. 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. All of the 255,938 shares issued to certain of our executives and employees have vested. 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 163,350 shares, including 77,600 non-restricted shares to certain executives, directors and employees, and 85,750 restricted shares issued to its independent directors and one employee. All awards have vested except for 25,000 shares issued to one employee, which will vest over the next 5 years and 15,000 shares issued to the Company’s independent directors in February 2018, which will vest by December 31, 2018. 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, 2017, 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, 2017, 2016, and 2015 was $109,080, $211,682 and $285,978, respectively. The 2004 Plan was terminated in April 2013. Additionally, the Company sponsors and maintains an ESOP and related trust for the benefit of its eligible employees. We reflect unearned ESOP shares as a reduction of stockholders’ equity. Dividends on unearned ESOP shares, when paid, are considered compensation expense. The Company recognizes compensation expense equal to the fair value of the Company’s ESOP shares during the periods in which they are committed to be released. To the extent that the fair value of the Company’s ESOP shares differs from the cost of such shares, the differential is recognized as additional paid in capital. Because the ESOP is internally leveraged through a loan from the Company to the ESOP, the loan receivable by the Company from the ESOP is not reported as an asset nor is the debt of the ESOP shown as a liability in the consolidated financial statements. 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 $357,379, $452,665 and $280,625 for the years ended December 31, 2017, 2016, and 2015, respectively and are expensed as incurred. Business Interruption Coverage – Insurance recoveries for business interruption were recognized during the year ended December 31, 2017, for approximately $0.3 million. The events that resulted in these recoveries during the year ending December 31, 2017 were caused by Hurricanes Matthew and Irma at our properties in Houston, Texas and Tampa, Florida, respectively. The insurance proceeds were reflected in the statement of operations in other operating departments revenues. Involuntary Conversion of Assets – We record gains or losses on involuntary conversions of assets due to recovered insurance proceeds to the extent the undepreciated cost of a nonmonetary asset differs from the amount of monetary proceeds received. During the years ending December 31, 2017, 2016 and 2015, we recognized approximately $2.2 million, $0 and $0, respectively, for gain on involuntary conversion of assets, which is reflected in the consolidated statements of operations. 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 approximately $0.6 million and approximately $0.8 million for the twelve-month periods ending December 31, 2016 and 2015, respectively, from rooms expense to indirect expense balances on the consolidated statements of operations have been made to conform to the current period presentation. We have also reclassified approximately $0.3 million for the twelve-month period ending December 31, 2016 on the statement of cash flows into line item, loss on early extinguishments of debt, and out of line item, payments of deferred financing costs, in order to conform to the current period presentation. New Accounting Pronouncements – In August 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-12, , which improves the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements and simplifies the application of hedge accounting. This standard will be effective for the first annual period beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. We adopted this standard on January 1, 2018 and aside from minor presentation changes in its disclosure on derivative and hedging activities it will not have a material effect on our consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20). Nonmonetary Transactions In January 2017, the FASB issued ASU 2017-01, Business Combinations – Clarifying the Definition of a Business (Topic 805). In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers – Narrow-Scope Improvements and Practical Expedients (Topic 606) Revenue from Contracts with Customers (Topic 606) In April 2016, the FASB issued ASU No. 2016-10 , Revenue from Contracts with Customers – Identifying Performance Obligations and Licensing (Topic 606) Revenue from Contracts with Customers (Topic 606) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)

Acquisition of Hotel Properties

Acquisition of Hotel Properties	12 Months Ended
	Dec. 31, 2017
Business Combinations [Abstract]
Acquisition of Hotel Properties	3. Acquisition of Hotel Properties Hyde Resort & Residences. On January 30, 2017, we acquired the hotel commercial condominium unit of the Hyde Resort & Residences condominium hotel, for an aggregate price including inventory and other assets of approximately $4.8 million. The allocation of the purchase price based on fair values was as follows: The allocation of the purchase price based on their fair values was as follows: Hyde Resort & Residences Land and land improvements $ 500 Buildings and improvements 4,309,500 Furniture, fixtures and equipment 72,616 Investment in hotel properties 4,382,616 Accrued liabilities and other costs (866,142 ) Prepaid expenses, inventory and other assets 470,375 Net cash $ 3,986,849 The results of operations of the Hyde Resort & Residences are included in our consolidated financial statements from the date of acquisition. The total revenue and net loss related to the acquisition for the period January 30, 2017 to December 31, 2017 are approximately $4.0 million and $0.7 million, respectively. There is no pro forma financial information, since this is a new operation without prior historical information.

Investment in Hotel Properties,

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 consisted of the following: December 31, 2017 December 31, 2016 Land and land improvements $ 59,504,625 $ 57,851,380 Buildings and improvements 348,532,577 336,996,876 Furniture, fixtures and equipment 48,467,956 43,458,781 456,505,158 438,307,037 Less: accumulated depreciation and impairment (98,705,646 ) (89,713,125 ) Investment in Hotel Properties, Net $ 357,799,512 $ 348,593,912 Investment in hotel properties held for sale, net as of December 31, 2017 and 2016 consisted of the following: December 31, 2017 December 31, 2016 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 years ended December 31, 2017 and 2016, resulted in no impairment on our investment in hotel properties, respectively.

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	5. Debt Mortgage Loans, Net. As of December 31, 2017 and 2016, we had approximately $297.3 million and approximately $282.7 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 2017 2016 Penalties Date Provisions Rate Crowne Plaza Hampton Marina (1) $ - $ 2,584,633 None 11/1/2019 3 years 5.00% Crowne Plaza Tampa Westshore (2) 15,284,200 15,561,400 None 6/30/2019 25 years LIBOR plus 3.75 % The DeSoto (3) 34,645,929 30,000,000 Yes 7/1/2026 25 years 4.25% DoubleTree by Hilton Jacksonville Riverfront (4) 35,294,741 19,291,716 Yes 7/11/2024 30 years 4.88% DoubleTree by Hilton Laurel (5) 9,132,558 9,329,005 Yes 8/5/2021 25 years 5.25% DoubleTree by Hilton Philadelphia Airport (6) 30,432,260 31,261,991 None 4/1/2019 25 years LIBOR plus 3.00 % DoubleTree by Hilton Raleigh Brownstone University (7) 14,503,925 14,773,885 n/a 8/1/2018 30 years 4.78% DoubleTree Resort by Hilton Hollywood Beach (8) 58,023,567 58,935,818 n/a 10/1/2025 30 years 4.913% Georgian Terrace (9) 45,032,662 45,826,038 n/a 6/1/2025 30 years 4.42% Hilton Wilmington Riverside (10) 30,000,000 30,000,000 Yes 1/1/2027 25 years 4.25% Sheraton Louisville Riverside (11) 11,701,930 11,977,557 Yes 12/1/2026 25 years 4.27% The Whitehall (12) 15,000,000 15,000,000 Yes 10/12/2021 18 years LIBOR plus 3.50 % Total Mortgage Principal Balance $ 299,051,772 $ 284,542,043 Deferred financing costs, net (1,923,928 ) (2,049,409 ) Unamortized premium on loan 190,972 215,655 Total Mortgage Loans, Net $ 297,318,816 $ 282,708,289 (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) 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. (3) 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. (4) The note may not be prepaid until August 2019, after which it is subject to a pre-payment penalty until March 2024. Prepayment can be made without penalty thereafter. (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. (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 June 2025. (9) With limited exception, the note may not be prepaid until February 2025. (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, 2017. Total future mortgage debt maturities, without respect to any extension of loan maturity, as of December 31, 2017 were as follows: For the year ending: December 31, 2018 $ 22,039,201 December 31, 2019 51,290,912 December 31, 2020 7,232,596 December 31, 2021 28,919,110 December 31, 2022 7,018,848 December 31, 2023 and thereafter 182,551,105 Total future maturities $ 299,051,772 7.0% Unsecured Notes. On November 21, 2014, the Operating Partnership issued its 7% Notes in the aggregate amount of $25.3 million. The indenture required quarterly payments of interest and was to mature on November 15, 2019. The 7% Notes were redeemed on November 15, 2017 at 101% of face value.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016, and 2015 was $72,984, $72,984 and $65,054, 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 the years ended December 31, 2017, 2016, and 2015, rent expense was $116,791, $95,482 and $95,482, respectively 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 each of the years ended December 31, 2017, 2016, and 2015 was $2,602, respectively. We lease 5,216 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, 2017, 2016, and 2015 was $90,208, $91,003 and $83,651, respectively. We lease the parking garage adjacent to the Hyde Resort & Residences, along with meeting and office space, in Hollywood Beach, Florida. The parking garage and meeting space is leased under a 20-year operating lease requiring monthly payments of $20,000, which expires in February 2037. Rent expense for the year ending December 31, 2017 totaled $220,000. We also lease certain furniture and equipment under financing arrangements expiring between February 2018 and October 2019. A schedule of minimum future lease payments for the following twelve-month periods is as follows: For the year ending: December 31, 2018 $ 568,112 December 31, 2019 466,465 December 31, 2020 351,464 December 31, 2021 351,464 December 31, 2022 351,464 December 31, 2023 and thereafter 3,920,165 Total $ 6,009,134 Employment Agreements — The Company has entered into various employment contracts with employees that could result in obligations to us in the event of a change in control or termination without cause. Management Agreements – As of December 31, 2017, each of our wholly-owned hotels and the rental program and condominium association of the Hyde Resort & Residences operated under a management agreement with Chesapeake Hospitality (see Note 9). The management agreements expire between January 1, 2020 and January 30, 2022, and may be extended for up to two additional periods of five years each subject to the approval of both parties. 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, 2017, 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 March 2018 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. On July 31, 2017, we allowed the franchise agreement on the Hilton Savannah DeSoto to expire. The property has been rebranded as The DeSoto and operates as an independent hotel. 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 DeSoto, the DoubleTree by Hilton Raleigh Brownstone-University, the DoubleTree by Hilton Jacksonville Riverside, the DoubleTree Resort by Hilton Hollywood Beach, 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 DeSoto, the Hilton Wilmington Riverside, the DoubleTree by Hilton Jacksonville Riverside, the DoubleTree Resort by Hilton Hollywood Beach, 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 Loan Commitment – The Company’s board of directors approved the ESOP on November 29, 2016, which was adopted by the Company in December 2016 and 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. Under the loan agreement, the aggregate principal amount outstanding at any time may not exceed $5.0 million and the ESOP may borrow additional funds up to that limit in the future, until December 29, 2036. Shares purchased by the ESOP are 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 for at fair value at the date of allocation. As of December 31, 2017, the ESOP had purchased 682,500 shares of the Company’s common stock in the open market for approximately $4.9 million, which the ESOP borrowed from the Company pursuant to the loan agreement. A total of 33,832 shares with a fair value of $221,438 were allocated or committed to be released from the suspense account and recognized as compensation cost during the twelve months ended December 31, 2017. The remaining 648,668 unallocated shares have an approximate fair value of $4.2 million, as of December 31, 2017. At December 31, 2017, the ESOP held a total of 9,473 allocated shares, 24,359 committed-to-be-released shares and 648,668 suspense shares. Dividends on allocated shares are paid to the participants of the ESOP, while dividends on unallocated shares are used to pay down the ESOP loan from the Operating Partnership. 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, 2017
Preferred Stock And Units [Abstract]
Preferred Stock and Units	7. Preferred Stock and Units Preferred Stock - The Company is authorized to issue up to 11,000,000 shares of preferred stock. As of December 31, 2017 and 2016, there were each 1,610,000 shares of the Series B Preferred Stock issued and outstanding. As of December 31, 2017 and 2016, there were 1,300,000 and 0 shares, respectively, of the Series C Preferred Stock issued and outstanding. In October 2017, the Company issued 1,300,000 shares of Series C Preferred Stock, for net proceeds after all estimated expenses of approximately $30.5 million. The Company contributed the net proceeds from the offering to its Operating Partnership for an equivalent number of Series C Preferred Units. Holders of the Company’s Series C 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 Series C Preferred Stock at a rate of 7.875% per annum of the $25.00 liquidation preference per share. The Series C 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. On August 23, 2016, the Company issued 1,610,000 shares, $0.01 par value per share, of its Series B 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 Series B 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 Series B Preferred Stock at a rate of 8.00% per annum of the $25.00 liquidation preference per share. The Series B 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. Preferred Units – 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. In October 2017, the Operating Partnership issued 1,300,000 units of 7.875% Series C Preferred Units, for net proceeds after all estimated expenses of approximately $30.5 million. The Operating Partnership used the net proceeds to redeem in full the Operating Partnership’s 7% Notes and for working capital. On August 23, 2016, the Operating Partnership issued 1,610,000 0.01 8 37.8 The Operating Partnership pays cumulative cash dividends on the Series B Preferred Units and Series C Preferred Units at a rate of 8.00% and 7.875%, respectively per annum for each of the $25.00 liquidation preferences per unit. The Operating Partnership declared and paid per Series B Preferred Units and Series C Preferred Units as follows: The following table presents the quarterly distributions by the Operating Partnership declared and payable per Preferred B unit for the years ended December 31, 2017, 2016, and 2015: Quarter Ended 2015 2016 2017 March 31, $ — $ — $ 0.50 June 30, $ — $ — $ 0.50 September 30, $ — $ .2111 (1) $ 0.50 December 31, $ — $ 0.50 $ 0.50 (1) For the short period from August 23, 2016 to September 30, 2016. The following table presents the quarterly distributions by the Operating Partnership declared and payable per Preferred C unit for the years ended December 31, 2017, 2016, and 2015: Quarter Ended 2015 2016 2017 March 31, $ — $ — $ — June 30, $ — $ — $ — September 30, $ — $ — $ — December 31, $ — $ — $ .4430 (2) (1) (2) For the short period from October 11, 2017 to December 31, 2017.

Common Stock and Units

Common Stock and Units	12 Months Ended
	Dec. 31, 2017
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. For the years ended December 31, 2017 and 2016 the Company repurchased 401,720 and 481,100 shares of common stock, respectively, for approximately $2.7 million and $3.2 million, respectively, 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, 2017, 2016, and 2015 of the Company’s common stock: On February 15, 2017, the Company was issued 12,000 units in the Operating Partnership and awarded 12,000 shares of restricted stock to its independent directors. On February 2, 2016, the Company was issued 36,250 units in the Operating Partnership and awarded an aggregate of 22,000 shares of unrestricted stock to certain executives and employees as well as 12,000 shares of restricted stock and 2,250 shares of unrestricted stock to certain of its independent directors. 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 As of December 31, 2017 and 2016, the Company had 14,078,831 and 14,468,551 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 2015, 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: For the years ended December 31, 2017 and 2016, the Operating Partnership for approximately $2.7 million and $3.2 million, respectively, . As of December 31, 2017 and 2016, the total number of Operating Partnership units outstanding was 15,856,971 and 16,246,691, respectively. As of December 31, 2017 and 2016, the total number of outstanding units in the Operating Partnership not owned by the Company was 1,778,140 and 1,778,140, respectively, with a fair market value of approximately $11.5 million and approximately $12.1 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, 2017, 2016, and 2015: Quarter Ended 2015 2016 2017 March 31, $ 0.070 $ 0.085 $ 0.100 June 30, $ 0.075 $ 0.090 $ 0.105 September 30, $ 0.080 $ 0.095 $ 0.110 December 31, $ 0.080 $ 0.095 $ 0.110

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	9. Related Party Transactions Chesapeake Hospitality. As of December 31, 2017, the members of Chesapeake Hospitality (a company that is majority-owned and controlled by the Company’s chief executive officer and two former members of its Board of Directors) owned 1,481,833 shares, approximately 10.5%, of the Company’s outstanding common stock as well as 652,326 Operating Partnership units. The following is a summary of the transactions between Chesapeake Hospitality and us: Accounts Receivable – At December 31, 2017 and 2016, we were due $113,669 and $133,711, respectively, from Chesapeake Hospitality. Management Agreements – Each of the hotels and the hotel condominium unit that we wholly-owned at December 31, 2017 and 2016, are operated by Chesapeake Hospitality under various management agreements. 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 $4,044,059, $3,828,896 and $3,371,668 for the years ended December 31, 2017, 2016, and 2015, respectively. In addition, incentive management fees of $126,918, $36,466 and $79,555 were accrued for the years ended December 31, 2017, 2016, and 2015, 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 $4,801,599, $4,606,967 and $4,541,546 for the years ended December 31, 2017, 2016, and 2015, respectively. DoubleTree Resort by Hilton Hollywood Beach. As of December 31, 2017, w e own 100% of the DoubleTree Resort by Hilton Hollywood Beach, 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 DoubleTree Resort by Hilton Hollywood Beach 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 DoubleTree Resort by Hilton Hollywood Beach and us: Management Agreement – DoubleTree Resort by Hilton Hollywood Beach was operated by Chesapeake Hospitality under a management agreement that expired 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, for the period ended July 31, 2015. 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, were $200,976. 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, 2017 and 2016, the balance of the loan was $40,000 and $80,000, respectively. 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, 2017, 2016 and 2015 totaled $304,737, $291,508 and $272,022, 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, 2017, 2016 and 2015, the Company reimbursed $178,345, $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.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016, and 2015 were $67,273, $63,944 and $40,768, respectively. The Company adopted an Employee Stock Ownership Plan (“ESOP”) in December 2016, effective January 1, 2016. The ESOP is a non-contributory defined contribution plan covering all employees of the Company. The Company sponsors and maintains the ESOP and related trust for the benefit of its eligible employees. The ESOP is a leveraged ESOP, meaning 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, which serve as collateral for the loan. Between January 3, 2017 and February 28, 2017, the Company’s ESOP purchased 682,500 shares of the Company’s common stock of an aggregate cost of $4.9 million. Shares purchased by the ESOP are held in a suspense account for allocation among participants. The share allocations are accounted for at fair value on the date of allocation as follows: December 31, 2017 December 31, 2016 Number of Shares Fair Value Number of Shares Fair Value Allocated shares 9,473 $ 64,321 - $ — Committed-to-be released shares 24,359 157,117 - — Total allocated and committed-to-be-released 33,832 $ 221,438 - $ — Unallocated shares 648,668 4,183,908 - — Total ESOP shares 682,500 $ 4,405,346 - $ —

Unconsolidated Joint Venture

Unconsolidated Joint Venture	12 Months Ended
	Dec. 31, 2017
Unconsolidated Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Unconsolidated Joint Venture	11. Unconsolidated Joint Venture As of December 31, 2017 and 2016, we owned 100% of the DoubleTree Resort by Hilton Hollywood Beach. However, through July 31, 2015 we owned only a 25.0% indirect interest in (i) the entity that owns the DoubleTree Resort by Hilton Hollywood Beach 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 July 31, 2015 Revenue Rooms department $ 10,605,941 Food and beverage department 1,911,950 Other operating departments 880,564 Total revenue 13,398,455 Expenses Hotel operating expenses Rooms department 2,062,515 Food and beverage department 1,442,139 Other operating departments 388,087 Indirect 4,774,322 Total hotel operating expenses 8,667,063 Depreciation and amortization 1,060,339 General and administrative 252,565 Total operating expenses 9,979,967 Operating income 3,418,488 Interest expense (1,516,433 ) Net income $ 1,902,055

Indirect Hotel Operating Expens

Indirect Hotel Operating Expenses	12 Months Ended
	Dec. 31, 2017
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: 2017 2016 2015 Sales and marketing $ 13,843,578 $ 13,537,887 $ 11,259,332 General and administrative 12,949,596 12,135,835 11,327,182 Repairs and maintenance 6,828,963 7,314,178 6,903,226 Utilities 5,820,589 6,429,686 6,115,356 Property taxes 5,729,464 5,983,280 5,110,659 Management fees, including incentive 4,170,977 3,865,362 3,490,586 Franchise fees 3,877,231 4,091,729 4,016,083 Insurance 2,446,269 2,594,783 2,305,966 Information and telecommunications 1,647,728 1,679,603 1,454,219 Other 297,808 104,594 85,338 Total indirect hotel operating expenses $ 57,612,203 $ 57,736,937 $ 52,067,947

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016, and 2015 are as follows: Year Ended Year Ended Year Ended December 31, 2017 December 31, 2016 December 31, 2015 Current: Federal $ — $ — $ — State 239,582 191,332 444,538 239,582 191,332 444,538 Deferred: Federal 1,661,153 (1,294,408 ) (1,510,726 ) State (162,931 ) (264,558 ) (269,845 ) 1,498,222 (1,558,966 ) (1,780,571 ) $ 1,737,804 $ (1,367,634 ) $ (1,336,033 ) 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, 2017 December 31, 2016 December 31, 2015 Statutory federal income tax provision (benefit) $ 600,880 $ (158,859 ) $ 1,705,610 Effect of non-taxable REIT income (loss) (1,621,526 ) (1,135,549 ) (2,866,950 ) Effect of change in federal income tax rate on net deferred tax assets 2,681,800 — — State income tax provision (benefit) 76,650 (73,226 ) (174,693 ) $ 1,737,804 $ (1,367,634 ) $ (1,336,033 ) As of December 31, 2017 and 2016, we had a net deferred tax asset of approximately $5.5 million and $6.9 million, respectively, of which, approximately $4.9 million and $6.0 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, 2017 and 2016, the remainder of the deferred tax asset is attributable to year-to-year timing differences of approximately $0.6 million for accrued, but not deductible, employee performance awards, vacation and sick pay, bad debt allowance and depreciation. At the end of the fiscal year, there was a one-time loss effect resulting from a change in the federal income tax rate, due to the TCJA, on the net deferred tax assets which resulted in lowering deferred tax assets in the amount of approximately $2.7 million. 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, 2017. 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, 2017, 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, 2017, 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, 2017
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 the Series B Preferred Stock and Series C 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 648,668 non-committed, unearned ESOP shares are treated as reducing the number of issued and outstanding common shares and similarly reducing the weighted average number of common shares outstanding. The effect of allocated and committed to be released shares during the year ended December 31, 2017, have not been included in the weighted average diluted earnings per share calculation, since there would be an anti-dilutive effect from the dilution by these shares, although the amount of compensation for allocated shares is reflected in net income (loss) available to common stockholders for basic computation. There are no ESOP units, therefore there is no dilution on the calculation of earnings per unit. The computation of basic and diluted net income (loss) per share is presented below. Year Ended Year Ended Year Ended December 31, 2017 December 31, 2016 December 31, 2015 Numerator Net income (loss) available to common stockholders for basic and diluted computation $ (3,339,136 ) $ (218,173 ) $ 5,356,666 Denominator Weighted average number of common shares outstanding 14,443,674 14,896,994 12,541,117 Weighted average number of Unearned ESOP Shares (614,574 ) - - Total weighted average number of common shares outstanding for basic and diluted computation 13,829,100 14,896,994 12,541,117 Basic and diluted net income (loss) per share $ (0.24 ) $ (0.01 ) $ 0.43 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, 2017 December 31, 2016 December 31, 2015 Numerator Net income (loss) available to common unitholders for basic computation $ (3,752,150 ) $ (244,740 ) $ 6,397,653 Denominator Weighted average number of units outstanding 16,224,005 16,710,935 14,924,410 Basic and diluted net income (loss) per unit $ (0.23 ) $ (0.01 ) $ 0.43

Quarterly Operating Results - U

Quarterly Operating Results - Unaudited	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results - Unaudited	15. Quarterly Operating Results - Unaudited Quarters Ended 2017 March 31 June 30 September 30 December 31 Total revenue $ 38,694,886 $ 40,642,632 $ 36,769,471 $ 38,159,704 Total operating expenses 32,989,182 35,178,717 34,595,193 35,339,712 Net operating income 5,705,704 5,463,915 2,174,278 2,819,992 Net income (loss) 2,886,032 1,135,719 (936,000 ) (3,056,262 ) Net income (loss) attributable to common shareholders 1,851,090 296,850 (1,550,555 ) (3,936,522 ) Earnings (loss) per share attributable to common shareholders– basic and diluted $ 0.13 $ 0.02 $ (0.11 ) $ (0.29 ) Net income (loss) available to operating partnership unitholders 2,100,958 310,795 (1,741,000 ) (4,422,903 ) Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted $ 0.13 $ 0.02 $ (0.11 ) $ (0.27 ) 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 ) Net income (loss) available to operating partnership unitholders 545,874 1,977,550 (1,889,080 ) (879,084 ) Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted $ 0.03 $ 0.12 $ (0.11 ) $ (0.05 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	16. Subsequent Events On January 11, 2018, we paid a quarterly dividend (distribution) of $0.11 per common share (and unit) to those stockholders (and unitholders of the Operating Partnership) of record on December 15, 2017. On January 30, 2018, we authorized payment of a quarterly dividend (distribution) of $0.115 per common share (and unit) to the stockholders (and unitholders of the Operating Partnership) of record as of March 15, 2018. The dividend (distribution) is to be paid on April 11, 2018. On January 30, 2018, we authorized payment of a quarterly dividend of $0.50 per Series B Preferred Share (and unit) to the preferred stockholders (and unitholders of the Operating Partnership) of record as of March 29, 2018. The dividend is to be paid on April 16, 2018. On January 30, 2018, we authorized payment of a quarterly dividend of $0.4922 per Series C Preferred Share (and unit) to the preferred stockholders (and unitholders of the Operating Partnership) of record as of March 29, 2018. The dividend is to be paid on April 16, 2018. On February 1, 2018, we received the additional $5.0 million on the Hilton Wilmington Riverside mortgage loan after meeting certain requirements, per the mortgage documents. On February 12, 2018, the Company and the Operating Partnership closed on a sale and issuance by the Operating Partnership of an aggregate $25.0 million of the 7.25% senior unsecured notes due 2021, unconditionally guaranteed by the Company, for net proceeds after all estimated expenses of approximately $23.3 million. On February 26, 2018, we entered into a First Amendment to Loan Agreement, Amended and Restated Promissory Note, and other related documents with International Bank of Commerce to amend the terms of the mortgage loan on The Whitehall hotel located in Houston, Texas. Pursuant to the amended loan documents, the maturity date is extended until February 26, 2023, the loan amortizes on a 25-year schedule with payments of principal and interest beginning immediately, and an initial principal balance of $15.0 million. On March 1, 2018, we entered into a loan agreement, a first promissory note (“Note A”) in the amount of $50.0 million, a second promissory note (“Note B”) in the amount of $7.0 million, and other loan documents, including a guarantee by the Operating Partnership, to secure an aggregate $57.0 million mortgage on the Hyatt Centric Arlington hotel with Fifth Third Bank. Pursuant to the mortgage loan documents, Note A has a term of 3 years, with two 1-year extension options, each of which subject to certain criteria; bears a floating interest rate of one-month LIBOR plus 3.00%; and amortizes on a 25-year schedule. Pursuant to the mortgage loan documents, Note B has a term of 1-year, with two 1-year extension options, each of which subject to certain criteria; bears a floating interest rate of three-month LIBOR plus 5.00%. On March 1, 2018, we acquired the 318-room Hyatt Centric Arlington hotel located in Arlington, Virginia for an aggregate purchase price of $79.7 million including seller credits, subject to a $57.0 million mortgage. Transaction costs associated with the transaction were approximately $0.1 million for the year ended December 31, 2017. Due to the timing and nature of the transaction, we are continuing to evaluate the adjustments that are necessary to reflect the acquired assets and assumed liabilities to estimated fair value. As a result, the acquired assets and assumed liabilities, fair value adjustments, and supplemental pro forma information that is required will be disclosed in subsequent filings.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2017
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, 2017 (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 Tampa Westshore – Tampa, Florida $ 58,023 $ 4,153 $ 9,670 $ 320 $ 22,289 $ 4,473 $ 31,959 $ 36,432 $ (8,701 ) 1973 2007 3-39 years The DeSoto – Savannah, Georgia 34,646 600 13,562 527 17,334 1,127 30,896 32,023 (9,166 ) 1968 2004 3-39 years DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida 15,284 7,090 14,604 111 7,124 7,201 21,728 28,929 (6,714 ) 1970 2005 3-39 years DoubleTree by Hilton Laurel – Laurel, Maryland 35,295 900 9,443 175 5,746 1,075 15,189 16,264 (4,431 ) 1985 2004 3-39 years DoubleTree by Hilton Philadelphia Airport – Philadelphia, Pennsylvania 9,133 2100 22,031 377 5,725 2,477 27,756 30,233 (9,205 ) 1972 2004 3-39 years DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina 30,432 815 7,416 211 6,176 1,026 13,592 14,618 (5,349 ) 1971 2004 3-39 years DoubleTree Resort by Hilton Hollywood Beach - Hollywood Beach, Florida 14,504 22,865 67,660 394 2,870 23,259 70,530 93,789 (4,335 ) 1972 2015 3-39 years Georgian Terrace – Atlanta, Georgia 45,033 10,128 45,386 (1,309 ) 5,555 8,819 50,941 59,760 (5,267 ) 1911 2014 3-39 years Hilton Wilmington Riverside – Wilmington, North Carolina 30,000 785 16,829 500 15,775 1,285 32,604 33,889 (13,043 ) 1970 2004 3-39 years Sheraton Louisville Riverside – Jeffersonville, Indiana 11,702 782 6,891 274 14,613 1,056 21,504 22,560 (5,696 ) 1972 2006 3-39 years The Whitehall – Houston, Texas 15,000 7,374 22,185 106 5,359 7,480 27,544 35,024 (3,103 ) 1963 2013 3-39 years The Hyde Resort - 226 4,290 - - 226 4,290 4,516 (101 ) 2016 2017 3-39 years $ 299,052 $ 57,818 $ 239,967 $ 1,686 $ 108,566 $ 59,504 $ 348,533 $ 408,037 $ (75,111 ) (1) RECONCILIATION OF REAL ESTATE AND ACCUMULATED DEPRECIATION RECONCILIATION OF REAL ESTATE Balance at December 31, 2015 $ 393,630 Acquisitions — Improvements 9,473 Disposal of Assets (914 ) Balance at December 31, 2016 $ 402,189 Acquisitions 4,516 Improvements 13,713 Disposal of Assets (12,381 ) Balance at December 31, 2017 $ 408,037 RECONCILIATION OF ACCUMULATED DEPRECIATION Balance at December 31, 2015 $ 62,041 Current Expense 7,018 Impairment — Disposal of Assets (553 ) Balance at December 31, 2016 $ 68,506 Current Expense 9,933 Impairment — Disposal of Assets (3,328 ) Balance at December 31, 2017 $ 75,111

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
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 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.
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 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 – Prior to July 31, 2015 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 DoubleTree Resort by Hilton Hollywood Beach, and (ii) the entity that leases the DoubleTree Resort by Hilton Hollywood Beach. As a result, we now have a 100% indirect ownership interest in the entities that own the DoubleTree Resort by Hilton Hollywood Beach and consolidate the financial results of operations within the financial statements from August 1, 2015 through December 31, 2015 and for the years ended December 31, 2017 and 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 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 – 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, banqueting and credit card 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 – Inventories, consisting primarily of food and beverages, are stated at the lower of cost or net realizable value, 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, 2017 and 2016 were approximately $532,070 and $386,612, respectively. Amortization expense for the years ended December 31, 2017, 2016, and 2015 was $46,209, $52,330 and $53,347, 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 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. During the twelve months ended December 31, 2017 and 2016, the Company wrote off approximately $0.5 million and $0 of deferred offering costs, respectively. As of December 31, 2017, we have no capitalized deferred offering costs subject to further amortization.
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 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. Level 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 (our interest rate cap is the only asset or liability measured at fair value on a recurring basis and there were no non-recurring asset and liability fair value measurements as of December 31, 2017 and 2016, respectively): Level 1 Level 2 Level 3 December 31, 2016 Interest Rate Cap (1) $ — $ 33,597 $ — Mortgage loans (2) $ — $ (281,840,780 ) $ — Unsecured notes (3) $ (26,241,160 ) $ — $ — December 31, 2017 Interest Rate Cap (1) $ — $ 5,213 $ — Mortgage loans (2) $ — $ (292,368,370 ) $ — Unsecured notes (3) $ — $ — $ — (1) Interest rate cap, which caps a 1-month LIBOR rate at 2.5%. (2) Mortgage loans are reflected at carrying value on our Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016. (3) Unsecured notes are recorded at historical cost on our Consolidated Balance Sheet as of December 31, 2016.
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 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	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, rentals from restaurant tenants, rooftop leases, fees earned on the management of the condominium rental program at the Hyde Resort & Residences and insurance proceeds of business interruption coverage. Revenues are reported net of occupancy and other taxes collected from customers and remitted to governmental authorities. Refer to “New Accounting Pronouncements - ASU No. 2014-09, ,” below for further discussion of revenue recognition.
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 $ 1,780,525, $1,785,934 and $1,776,518, for the years ended December 31, 2017, 2016, and 2015, respectively. A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: For the year ending: December 31, 2018 $ 1,112,282 December 31, 2019 868,289 December 31, 2020 832,695 December 31, 2021 725,244 December 31, 2022 584,901 December 31, 2023 and thereafter 2,500,972 Total $ 6,624,383
Variable Interest Entities	Variable Interest Entities – The Operating Partnership is a variable interest entity. The Company’s only significant asset is its investment in the Operating Partnership, and consequently, substantially all of the Company’s assets and liabilities represent those assets and liabilities of the Operating Partnership and its subsidiaries. All of the Company’s debt is an obligation of the Operating Partnership and its subsidiaries.
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 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, 2017, deferred tax assets total approximately $5.5 million, of which approximately $4.9 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, 2017, 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, 2017, the tax years that remain subject to examination by the major tax jurisdictions to which the Company is subject generally include 2010 through 2016. In addition, as of December 31, 2017, the tax years that remain subject to examination by the major tax jurisdictions to which MHI TRS is subject, because of open NOL carryforwards, generally include 2009 through 2017. 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. All of the 255,938 shares issued to certain of our executives and employees have vested. 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 163,350 shares, including 77,600 non-restricted shares to certain executives, directors and employees, and 85,750 restricted shares issued to its independent directors and one employee. All awards have vested except for 25,000 shares issued to one employee, which will vest over the next 5 years and 15,000 shares issued to the Company’s independent directors in February 2018, which will vest by December 31, 2018. 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, 2017, 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, 2017, 2016, and 2015 was $109,080, $211,682 and $285,978, respectively. The 2004 Plan was terminated in April 2013. Additionally, the Company sponsors and maintains an ESOP and related trust for the benefit of its eligible employees. We reflect unearned ESOP shares as a reduction of stockholders’ equity. Dividends on unearned ESOP shares, when paid, are considered compensation expense. The Company recognizes compensation expense equal to the fair value of the Company’s ESOP shares during the periods in which they are committed to be released. To the extent that the fair value of the Company’s ESOP shares differs from the cost of such shares, the differential is recognized as additional paid in capital. Because the ESOP is internally leveraged through a loan from the Company to the ESOP, the loan receivable by the Company from the ESOP is not reported as an asset nor is the debt of the ESOP shown as a liability in the consolidated financial statements. 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 $ 357,379, $452,665 and $280,625 for the years ended December 31, 2017, 2016, and 2015, respectively and are expensed as incurred.
Business Interruption Coverage	Business Interruption Coverage – Insurance recoveries for business interruption were recognized during the year ended December 31, 2017, for approximately $ 0.3 million. The events that resulted in these recoveries during the year ending December 31, 2017 were caused by Hurricanes Matthew and Irma at our properties in Houston, Texas and Tampa, Florida, respectively. The insurance proceeds were reflected in the statement of operations in other operating departments revenues.
Involuntary Conversion of Assets	Involuntary Conversion of Assets – We record gains or losses on involuntary conversions of assets due to recovered insurance proceeds to the extent the undepreciated cost of a nonmonetary asset differs from the amount of monetary proceeds received. During the years ending December 31, 2017, 2016 and 2015, we recognized approximately $ 2.2 million, $0 and $0, respectively, for gain on involuntary conversion of assets, which is reflected in the consolidated statements of operations.
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 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	Reclassifications – Certain reclassifications in the amount of approximately $0.6 million and approximately $0.8 million for the twelve-month periods ending December 31, 2016 and 2015, respectively, from rooms expense to indirect expense balances on the consolidated statements of operations have been made to conform to the current period presentation. We have also reclassified approximately $0.3 million for the twelve-month period ending December 31, 2016 on the statement of cash flows into line item, loss on early extinguishments of debt, and out of line item, payments of deferred financing costs, in order to conform to the current period presentation.
New Accounting Pronouncements	New Accounting Pronouncements – In August 2017, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-12, , which improves the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements and simplifies the application of hedge accounting. This standard will be effective for the first annual period beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. We adopted this standard on January 1, 2018 and aside from minor presentation changes in its disclosure on derivative and hedging activities it will not have a material effect on our consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20). Nonmonetary Transactions In January 2017, the FASB issued ASU 2017-01, Business Combinations – Clarifying the Definition of a Business (Topic 805). In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers – Narrow-Scope Improvements and Practical Expedients (Topic 606) Revenue from Contracts with Customers (Topic 606) In April 2016, the FASB issued ASU No. 2016-10 , Revenue from Contracts with Customers – Identifying Performance Obligations and Licensing (Topic 606) Revenue from Contracts with Customers (Topic 606) In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606)

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Recurring 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 (our interest rate cap is the only asset or liability measured at fair value on a recurring basis and there were no non-recurring asset and liability fair value measurements as of December 31, 2017 and 2016, respectively): Level 1 Level 2 Level 3 December 31, 2016 Interest Rate Cap (1) $ — $ 33,597 $ — Mortgage loans (2) $ — $ (281,840,780 ) $ — Unsecured notes (3) $ (26,241,160 ) $ — $ — December 31, 2017 Interest Rate Cap (1) $ — $ 5,213 $ — Mortgage loans (2) $ — $ (292,368,370 ) $ — Unsecured notes (3) $ — $ — $ — (1) Interest rate cap, which caps a 1-month LIBOR rate at 2.5%. (2) Mortgage loans are reflected at carrying value on our Consolidated Balance Sheets as of December 31, 2017 and December 31, 2016. (3) Unsecured notes are recorded at historical cost on our Consolidated Balance Sheet as of December 31, 2016.
Schedule of Minimum Future Lease Payments Receivable	A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: For the year ending: December 31, 2018 $ 1,112,282 December 31, 2019 868,289 December 31, 2020 832,695 December 31, 2021 725,244 December 31, 2022 584,901 December 31, 2023 and thereafter 2,500,972 Total $ 6,624,383

Acquisition of Hotel Properti27

Acquisition of Hotel Properties (Tables)	12 Months Ended
	Dec. 31, 2017
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: Hyde Resort & Residences Land and land improvements $ 500 Buildings and improvements 4,309,500 Furniture, fixtures and equipment 72,616 Investment in hotel properties 4,382,616 Accrued liabilities and other costs (866,142 ) Prepaid expenses, inventory and other assets 470,375 Net cash $ 3,986,849

Investment in Hotel Propertie28

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net (Tables)	12 Months Ended
	Dec. 31, 2017
Real Estate [Abstract]
Schedule of Investment in Hotel Properties, Net	Investment in hotel properties as of December 31, 2017 and 2016 consisted of the following: December 31, 2017 December 31, 2016 Land and land improvements $ 59,504,625 $ 57,851,380 Buildings and improvements 348,532,577 336,996,876 Furniture, fixtures and equipment 48,467,956 43,458,781 456,505,158 438,307,037 Less: accumulated depreciation and impairment (98,705,646 ) (89,713,125 ) Investment in Hotel Properties, Net $ 357,799,512 $ 348,593,912
Schedule of Investment in Hotel Properties Held for Sale, Net	Investment in hotel properties held for sale, net as of December 31, 2017 and 2016 consisted of the following: December 31, 2017 December 31, 2016 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, 2017
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 2017 2016 Penalties Date Provisions Rate Crowne Plaza Hampton Marina (1) $ - $ 2,584,633 None 11/1/2019 3 years 5.00% Crowne Plaza Tampa Westshore (2) 15,284,200 15,561,400 None 6/30/2019 25 years LIBOR plus 3.75 % The DeSoto (3) 34,645,929 30,000,000 Yes 7/1/2026 25 years 4.25% DoubleTree by Hilton Jacksonville Riverfront (4) 35,294,741 19,291,716 Yes 7/11/2024 30 years 4.88% DoubleTree by Hilton Laurel (5) 9,132,558 9,329,005 Yes 8/5/2021 25 years 5.25% DoubleTree by Hilton Philadelphia Airport (6) 30,432,260 31,261,991 None 4/1/2019 25 years LIBOR plus 3.00 % DoubleTree by Hilton Raleigh Brownstone University (7) 14,503,925 14,773,885 n/a 8/1/2018 30 years 4.78% DoubleTree Resort by Hilton Hollywood Beach (8) 58,023,567 58,935,818 n/a 10/1/2025 30 years 4.913% Georgian Terrace (9) 45,032,662 45,826,038 n/a 6/1/2025 30 years 4.42% Hilton Wilmington Riverside (10) 30,000,000 30,000,000 Yes 1/1/2027 25 years 4.25% Sheraton Louisville Riverside (11) 11,701,930 11,977,557 Yes 12/1/2026 25 years 4.27% The Whitehall (12) 15,000,000 15,000,000 Yes 10/12/2021 18 years LIBOR plus 3.50 % Total Mortgage Principal Balance $ 299,051,772 $ 284,542,043 Deferred financing costs, net (1,923,928 ) (2,049,409 ) Unamortized premium on loan 190,972 215,655 Total Mortgage Loans, Net $ 297,318,816 $ 282,708,289 (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) 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. (3) 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. (4) The note may not be prepaid until August 2019, after which it is subject to a pre-payment penalty until March 2024. Prepayment can be made without penalty thereafter. (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. (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 June 2025. (9) With limited exception, the note may not be prepaid until February 2025. (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, 2017 were as follows: For the year ending: December 31, 2018 $ 22,039,201 December 31, 2019 51,290,912 December 31, 2020 7,232,596 December 31, 2021 28,919,110 December 31, 2022 7,018,848 December 31, 2023 and thereafter 182,551,105 Total future maturities $ 299,051,772

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2018 $ 568,112 December 31, 2019 466,465 December 31, 2020 351,464 December 31, 2021 351,464 December 31, 2022 351,464 December 31, 2023 and thereafter 3,920,165 Total $ 6,009,134

Preferred Stock and Units (Tabl

Preferred Stock and Units (Tables)	12 Months Ended
	Dec. 31, 2017
Preferred Stock And Units [Abstract]
Quarterly Distributions Declared and Payable by Operating Partnership	The following table presents the quarterly distributions by the Operating Partnership declared and payable per Preferred B unit for the years ended December 31, 2017, 2016, and 2015: Quarter Ended 2015 2016 2017 March 31, $ — $ — $ 0.50 June 30, $ — $ — $ 0.50 September 30, $ — $ .2111 (1) $ 0.50 December 31, $ — $ 0.50 $ 0.50 (1) For the short period from August 23, 2016 to September 30, 2016. The following table presents the quarterly distributions by the Operating Partnership declared and payable per Preferred C unit for the years ended December 31, 2017, 2016, and 2015: Quarter Ended 2015 2016 2017 March 31, $ — $ — $ — June 30, $ — $ — $ — September 30, $ — $ — $ — December 31, $ — $ — $ .4430 (2) (1) (2) For the short period from October 11, 2017 to December 31, 2017.

Common Stock and Units (Tables)

Common Stock and Units (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016, and 2015: Quarter Ended 2015 2016 2017 March 31, $ 0.070 $ 0.085 $ 0.100 June 30, $ 0.075 $ 0.090 $ 0.105 September 30, $ 0.080 $ 0.095 $ 0.110 December 31, $ 0.080 $ 0.095 $ 0.110

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Summary of Shares Allocations are Accounted For Fair Value on The Date of Allocations	The share allocations are accounted for at fair value on the date of allocation as follows December 31, 2017 December 31, 2016 Number of Shares Fair Value Number of Shares Fair Value Allocated shares 9,473 $ 64,321 - $ — Committed-to-be released shares 24,359 157,117 - — Total allocated and committed-to-be-released 33,832 $ 221,438 - $ — Unallocated shares 648,668 4,183,908 - — Total ESOP shares 682,500 $ 4,405,346 - $ —

Unconsolidated Joint Venture (T

Unconsolidated Joint Venture (Tables)	12 Months Ended
	Dec. 31, 2017
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 July 31, 2015 Revenue Rooms department $ 10,605,941 Food and beverage department 1,911,950 Other operating departments 880,564 Total revenue 13,398,455 Expenses Hotel operating expenses Rooms department 2,062,515 Food and beverage department 1,442,139 Other operating departments 388,087 Indirect 4,774,322 Total hotel operating expenses 8,667,063 Depreciation and amortization 1,060,339 General and administrative 252,565 Total operating expenses 9,979,967 Operating income 3,418,488 Interest expense (1,516,433 ) Net income $ 1,902,055

Indirect Hotel Operating Expe35

Indirect Hotel Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Other Income And Expenses [Abstract]
Summary of Indirect Hotel Operating Expenses	Indirect hotel operating expenses consists of the following expenses incurred by the hotels: 2017 2016 2015 Sales and marketing $ 13,843,578 $ 13,537,887 $ 11,259,332 General and administrative 12,949,596 12,135,835 11,327,182 Repairs and maintenance 6,828,963 7,314,178 6,903,226 Utilities 5,820,589 6,429,686 6,115,356 Property taxes 5,729,464 5,983,280 5,110,659 Management fees, including incentive 4,170,977 3,865,362 3,490,586 Franchise fees 3,877,231 4,091,729 4,016,083 Insurance 2,446,269 2,594,783 2,305,966 Information and telecommunications 1,647,728 1,679,603 1,454,219 Other 297,808 104,594 85,338 Total indirect hotel operating expenses $ 57,612,203 $ 57,736,937 $ 52,067,947

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017, 2016, and 2015 are as follows: Year Ended Year Ended Year Ended December 31, 2017 December 31, 2016 December 31, 2015 Current: Federal $ — $ — $ — State 239,582 191,332 444,538 239,582 191,332 444,538 Deferred: Federal 1,661,153 (1,294,408 ) (1,510,726 ) State (162,931 ) (264,558 ) (269,845 ) 1,498,222 (1,558,966 ) (1,780,571 ) $ 1,737,804 $ (1,367,634 ) $ (1,336,033 )
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, 2017 December 31, 2016 December 31, 2015 Statutory federal income tax provision (benefit) $ 600,880 $ (158,859 ) $ 1,705,610 Effect of non-taxable REIT income (loss) (1,621,526 ) (1,135,549 ) (2,866,950 ) Effect of change in federal income tax rate on net deferred tax assets 2,681,800 — — State income tax provision (benefit) 76,650 (73,226 ) (174,693 ) $ 1,737,804 $ (1,367,634 ) $ (1,336,033 )

Income (Loss) Per Share and P37

Income (Loss) Per Share and Per Unit (Tables)	12 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income (Loss) Per Share	The computation of basic and diluted net income (loss) per share is presented below. Year Ended Year Ended Year Ended December 31, 2017 December 31, 2016 December 31, 2015 Numerator Net income (loss) available to common stockholders for basic and diluted computation $ (3,339,136 ) $ (218,173 ) $ 5,356,666 Denominator Weighted average number of common shares outstanding 14,443,674 14,896,994 12,541,117 Weighted average number of Unearned ESOP Shares (614,574 ) - - Total weighted average number of common shares outstanding for basic and diluted computation 13,829,100 14,896,994 12,541,117 Basic and diluted net income (loss) per share $ (0.24 ) $ (0.01 ) $ 0.43
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, 2017 December 31, 2016 December 31, 2015 Numerator Net income (loss) available to common unitholders for basic computation $ (3,752,150 ) $ (244,740 ) $ 6,397,653 Denominator Weighted average number of units outstanding 16,224,005 16,710,935 14,924,410 Basic and diluted net income (loss) per unit $ (0.23 ) $ (0.01 ) $ 0.43

Quarterly Operating Results -38

Quarterly Operating Results - Unaudited (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results	Quarters Ended 2017 March 31 June 30 September 30 December 31 Total revenue $ 38,694,886 $ 40,642,632 $ 36,769,471 $ 38,159,704 Total operating expenses 32,989,182 35,178,717 34,595,193 35,339,712 Net operating income 5,705,704 5,463,915 2,174,278 2,819,992 Net income (loss) 2,886,032 1,135,719 (936,000 ) (3,056,262 ) Net income (loss) attributable to common shareholders 1,851,090 296,850 (1,550,555 ) (3,936,522 ) Earnings (loss) per share attributable to common shareholders– basic and diluted $ 0.13 $ 0.02 $ (0.11 ) $ (0.29 ) Net income (loss) available to operating partnership unitholders 2,100,958 310,795 (1,741,000 ) (4,422,903 ) Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted $ 0.13 $ 0.02 $ (0.11 ) $ (0.27 ) 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 ) Net income (loss) available to operating partnership unitholders 545,874 1,977,550 (1,889,080 ) (879,084 ) Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted $ 0.03 $ 0.12 $ (0.11 ) $ (0.05 )

Organization and Description 39

Organization and Description of Business - Additional Information (Detail)

Nov. 15, 2017USD ($)

Oct. 17, 2017USD ($)shares

Oct. 11, 2017USD ($)shares

Jun. 29, 2017USD ($)

Jun. 01, 2017USD ($)

Feb. 07, 2017USD ($)

Jan. 30, 2017USD ($)RoomParkingSpaces

Dec. 02, 2016USD ($)$ / shares

Dec. 01, 2016USD ($)

Nov. 03, 2016USD ($)

Oct. 12, 2016USD ($)mortgage

Aug. 23, 2016USD ($)shares

Jun. 30, 2016USD ($)

Jun. 27, 2016USD ($)

Mar. 21, 2016

Jan. 04, 2016USD ($)

Oct. 20, 2015USD ($)

Sep. 28, 2015USD ($)

Sep. 02, 2015USD ($)a

Jul. 17, 2015USD ($)shares

Jul. 07, 2015USD ($)mortgage

Jul. 02, 2015USD ($)

May 05, 2015USD ($)

Jun. 30, 2015USD ($)shares

Feb. 28, 2017USD ($)shares

Dec. 31, 2017USD ($)HotelRoom$ / sharesshares

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

Dec. 31, 2015USD ($)

Oct. 30, 2017

Dec. 29, 2016USD ($)

Sep. 30, 2016USD ($)

Jan. 01, 2016USD ($)

Jul. 31, 2015

Jul. 30, 2015

Jul. 01, 2015shares

Nov. 21, 2014

Jun. 27, 2014

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

Common stock, shares issued | shares

435,000

14,078,831

14,468,551

3,000,000

Proceeds from sale of common stock

$ 2,800,000

$ 19,800,000

$ 700,000

$ 23,250,818

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

$ 299,051,772

$ 284,542,043

Mortgage loan additional earn-out provision

5,500,000

1,500,000

Proceeds from mortgage loans

$ 15,000,000

$ 2,000,000

40,500,000

102,700,000

127,000,000

Period subject to certain terms and conditions

1 year

Floating interest rate period

1 month

30 days

Floating rate of interest rate

3.50%

3.50%

Fixed interest rate

4.00%

4.00%

Amortization Period

18 years

25 years

Business acquisition percentage of voting interests acquired

75.00%

Proceeds from sale of preferred stock

30,488,660

37,766,531

Repurchase of common stock

$ 2,731,041

$ 3,164,536

Common stock, par value | $ / shares

$ 0.01

$ 0.01

$ 0.01

Number of common stock shares repurchased | shares

401,720

481,100

Maximum amount allocated to purchase common stock under ESOP

$ 5,000,000

$ 5,000,000

Number of common stock, shares purchased | shares

682,500

Purchased common stock at an aggregate cost

$ 4,900,000

$ 4,874,758

Crowne Plaza Hampton Marina [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Proceeds from sale of assets

$ 5,600,000

Maximum [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Repurchase of common stock

$ 10,000,000

Sotherly Hotels LP [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Proceeds from mortgage loans

$ 40,500,000

$ 102,700,000

$ 127,000,000

8.0% Senior Unsecured Notes [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

8.00%

Debt instrument redeemed, principal amount

$ 27,600,000

8.0% Senior Unsecured Notes [Member] | Sotherly Hotels LP [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

8.00%

7.0% Senior Unsecured Notes [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

7.00%

7.00%

Debt instrument maturity date

Nov. 15, 2019

Debt instrument redeemed, principal amount

$ 25,300,000

Debt instrument redeemed date

Nov. 15, 2017

Nov. 15, 2017

Percentage of redemption price equal to principal amount

101.00%

7.0% Senior Unsecured Notes [Member] | Sotherly Hotels LP [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

7.00%

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

Organization Consolidation and Presentation of Financial Statements [Line Items]

Preferred stock, shares sale and issuance | shares

1,610,000

Preferred stock, dividend rate percentage

8.00%

Proceeds from sale of preferred stock

$ 37,800,000

7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Preferred stock, shares sale and issuance | shares

100,000

1,200,000

Preferred stock, dividend rate percentage

7.875%

Proceeds from sale of preferred stock

$ 2,500,000

$ 28,000,000

Double Tree by Hilton Jacksonville Riverfront [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Additional proceeds on mortgage loan

$ 2,000,000

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

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Jul. 11, 2024

Mortgage loans

$ 35,294,741

19,291,716

Amortization Period

30 years

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

Mortgage loans

$ 9,132,558

9,329,005

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

Mortgage loans

$ 15,284,200

15,561,400

Mortgage loan additional earn-out provision

3,300,000

Proceeds from mortgage loans

$ 15,700,000

Floating rate of interest rate

3.75%

Fixed interest rate

3.75%

Amortization Period

25 years

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

Mortgage loan term period

5 years

Mortgage loans

$ 11,701,930

11,977,557

Proceeds from mortgage loans

$ 12,000,000

Amortization Period

25 years

25 years

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%

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

Mortgage loans

$ 0

2,584,633

Amortization Period

3 years

Debt instrument, date of first required payment

Dec. 1, 2016

Debt instrument periodic payment

$ 15,367

$ 15,367

DoubleTree Resort by Hilton Hollywood Beach [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

Repurchase of common stock

$ 4,017

$ 4,811

Number of common stock shares repurchased | shares

401,720

481,100

Bank Of America [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Interest rate

4.913%

Amortization schedule

30 years

Debt instrument maturity date

Oct. 1, 2025

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%

Amortization schedule

25 years

Debt instrument maturity date

Jan. 1, 2027

Jul. 1, 2026

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]

Mortgage loan term period

3 years

Mortgage loans

$ 19,000,000

Period subject to certain terms and conditions

2 years

Floating interest rate period

30 days

Floating rate of interest rate

3.75%

Fixed interest rate

3.75%

Amortization Period

25 years

Wells Fargo Bank, N.A [Member] | Double Tree by Hilton Jacksonville Riverfront [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt instrument maturity date

Jul. 11, 2024

Mortgage loans

$ 35,500,000

Fixed interest rate

4.88%

Amortization Period

30 years

Operating Partnership [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Percentage of operating partnership owned

88.80%

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

400

Commercial unit purchase price

$ 4,800,000

Number of parking space lease agreement entered | ParkingSpaces

400

Proceeds from pre-opening services fee

$ 800,000

Georgian Terrace [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Development parcel | a

0.3

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]

Carrying amount

$ 47,000,000

Interest rate

4.42%

Amortization schedule

30 years

Debt instrument maturity date

Jun. 1, 2025

Commercial Unit of Planned Hyde Beach House Resort & Residences [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Commercial unit purchase price

$ 5,100,000

Pre-opening services fee receivable

$ 800,000

Summary of Significant Accoun40

Summary of Significant Accounting Policies - Additional Information (Detail)	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)Segmentshares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jul. 31, 2015	Jul. 30, 2015
Summary Of Significant Accounting Policies [Line Items]
Impairment of hotel properties		$ 0	$ 0	$ 500,000
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		532,070	386,612
Amortization expense		46,209	52,330	53,347
Deferred offering costs write off		500,000	0
Capitalized deferred offering costs for amortization		0
Lease revenue		1,780,525	1,785,934	1,776,518
Deferred income taxes		5,451,118	6,949,340
Deferred tax assets related to net operating losses		$ 4,900,000
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		347,387	211,682	285,978
Advertising cost		357,379	452,665	280,625
Gain on involuntary conversion of assets		$ 2,242,876	0	0
Number of reportable segment | Segment		1
Reclassifications of expenses from rooms expense to indirect expense		$ 57,612,203	57,736,937	52,067,947
Reclassification into loss on extinguishments of debt		(1,178,348)	(1,417,905)	(772,907)
ASU 2014-09 [Member] | Subsequent Event [Member]
Summary Of Significant Accounting Policies [Line Items]
Adjustment recorded to opening balance of retained earnings	$ 0
Impact to net income	$ 0
Reclassifications of Expenses [Member]
Summary Of Significant Accounting Policies [Line Items]
Reclassifications of expenses from rooms expense to indirect expense			600,000	800,000
Reclassification into loss on extinguishments of debt			300,000
Other Operating Departments Revenue [Member] | Hurricane [Member] | Houston, Texas and Tampa, Florida [Member]
Summary Of Significant Accounting Policies [Line Items]
Insurance recoveries from business interruption		$ 300,000
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
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
2013 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares		163,350
Performance-based stock awards granted | shares		0
2013 Plan [Member] | Director [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued but not vested | shares		15,000
Shares award vesting date		Dec. 31, 2018
2013 Plan [Member] | Executives, Directors and Employees [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares		77,600
2013 Plan [Member] | Director and One Employee [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares		85,750
2013 Plan [Member] | One Employee [Member]
Summary Of Significant Accounting Policies [Line Items]
Stock award vesting period		5 years
Shares issued but not vested | shares		25,000
2004 and 2013 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Compensation cost recognized		$ 109,080	$ 211,682	285,978
DoubleTree Resort by Hilton Hollywood Beach [Member]
Summary Of Significant Accounting Policies [Line Items]
Percentage of ownership interest		100.00%	100.00%
Percentage of remaining ownership interest acquired						75.00%
Sotherly Hotels LP [Member]
Summary Of Significant Accounting Policies [Line Items]
Impairment of hotel properties				500,000
Gain on change in control		$ 6,603,148	$ 6,603,148	6,603,148
Deferred income taxes		5,451,118	6,949,340
Compensation cost recognized		309,574	211,682	285,978
Gain on involuntary conversion of assets		2,242,876
Reclassifications of expenses from rooms expense to indirect expense		57,612,203	57,141,692	52,067,947
Reclassification into loss on extinguishments of debt		$ (1,178,348)	$ (1,417,905)	$ (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 Accoun41

Summary of Significant Accounting Policies - Schedule of Recurring Assets and Liabilities Measured at Fair Value (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Level 1 [Member] | Unsecured Notes [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value		$ (26,241,160)
Level 2 [Member] | Interest Rate Cap [Member]
Derivatives Fair Value [Line Items]
Interest rate cap	$ 5,213	33,597
Level 2 [Member] | Mortgage Loans [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value	$ (292,368,370)	$ (281,840,780)

Summary of Significant Accoun42

Summary of Significant Accounting Policies - Schedule of Recurring Assets and Liabilities Measured at Fair Value (Detail) (Parenthetical) (Detail)	Dec. 31, 2017	Dec. 31, 2016
1-Month LIBOR
Derivatives Fair Value [Line Items]
Interest rate cap for loan	2.50%	2.50%

Summary of Significant Accoun43

Summary of Significant Accounting Policies - Schedule of Minimum Future Lease Payments Receivable (Detail)	Dec. 31, 2017USD ($)
Leases [Abstract]
For the year ending: December 31, 2018	$ 1,112,282
December 31, 2019	868,289
December 31, 2020	832,695
December 31, 2021	725,244
December 31, 2022	584,901
December 31, 2023 and thereafter	2,500,972
Total	$ 6,624,383

Acquisition of Hotel Properti44

Acquisition of Hotel Properties - Additional Information (Detail) - Commercial Condominium Unit of Hyde Resort & Residences [Member] - USD ($) $ in Millions	Jan. 30, 2017	Dec. 31, 2017
Business Acquisition [Line Items]
Commercial unit purchase price	$ 4.8
Total revenue from acquisitions		$ 4
Net loss from operations		$ 0.7

Acquisition of Hotel Properti45

Acquisition of Hotel Properties - Allocation of Purchase Price Based on Fair Values (Detail) - USD ($)	Jan. 30, 2017	Dec. 31, 2017	Dec. 31, 2015
Business Acquisition [Line Items]
Net cash		$ 3,986,849	$ 25,525,754
Commercial Condominium Unit of Hyde Resort & Residences [Member]
Business Acquisition [Line Items]
Land and land improvements	$ 500
Buildings and improvements	4,309,500
Furniture, fixtures and equipment	72,616
Investment in hotel properties	4,382,616
Accrued liabilities and other costs	(866,142)
Prepaid expenses, inventory and other assets	470,375
Net cash	$ 3,986,849

Investment in Hotel Propertie46

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, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total Gross	$ 456,505,158	$ 438,307,037
Less: accumulated depreciation and impairment	(98,705,646)	(89,713,125)
Total Net	357,799,512	348,593,912
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Gross	59,504,625	57,851,380
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Total Gross	348,532,577	336,996,876
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Total Gross	$ 48,467,956	$ 43,458,781

Investment in Hotel Propertie47

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 Propertie48

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Property Plant And Equipment Capitalized Interest Costs [Abstract]
Impairment of hotel properties	$ 0	$ 0	$ 500,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Nov. 15, 2017	Mar. 21, 2016	Jul. 07, 2015	Nov. 21, 2014	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Mortgage loan outstanding balance					$ 297.3	$ 282.7
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%			7.00%
Borrowed amount				$ 25.3
Debt instrument maturity date					Nov. 15, 2019
Debt Instrument redeemed date	Nov. 15, 2017				Nov. 15, 2017
Notes 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, 2017	Feb. 07, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Mortgage loans		$ 20,500,000		$ 18,500,000	$ 299,051,772		$ 284,542,043
Maturity Date			Nov. 13, 2017	Jul. 7, 2019
Amortization Provisions, Term		18 years		25 years
Excess Interest rate over LIBOR on mortgage debt		3.50%		3.50%
Deferred financing costs, net					(1,923,928)		(2,049,409)
Unamortized premium on loan					190,972		215,655
Total Mortgage Loans, Net					$ 297,318,816		282,708,289
Crowne Plaza Hampton Marina [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans						$ 0	2,584,633
Prepayment Penalties					None
Maturity Date					Nov. 1, 2019
Amortization Provisions, Term					3 years
Interest rate applicable to the mortgage loan					5.00%
Crowne Plaza Tampa Westshore [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 15,284,200		15,561,400
Prepayment Penalties					None
Maturity Date					Jun. 30, 2019
Amortization Provisions, Term					25 years
Excess Interest rate over LIBOR on mortgage debt					3.75%
The DeSoto [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 34,645,929		30,000,000
Prepayment Penalties					Yes
Maturity Date					Jul. 1, 2026
Amortization Provisions, Term					25 years
Interest rate applicable to the mortgage loan					4.25%
Double Tree by Hilton Jacksonville Riverfront [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 35,294,741		19,291,716
Prepayment Penalties					Yes
Maturity Date					Jul. 11, 2024
Amortization Provisions, Term					30 years
Interest rate applicable to the mortgage loan					4.88%
Double Tree by Hilton Laurel [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 9,132,558		9,329,005
Prepayment Penalties					Yes
Maturity Date					Aug. 5, 2021
Amortization Provisions, Term					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					$ 30,432,260		31,261,991
Prepayment Penalties					None
Maturity Date					Apr. 1, 2019
Amortization Provisions, Term					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					$ 14,503,925		14,773,885
Prepayment Penalties					n/a
Maturity Date					Aug. 1, 2018
Amortization Provisions, Term					30 years
Interest rate applicable to the mortgage loan					4.78%
DoubleTree Resort by Hilton Hollywood Beach [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 58,023,567		58,935,818
Prepayment Penalties					n/a
Maturity Date					Oct. 1, 2025
Amortization Provisions, Term					30 years
Interest rate applicable to the mortgage loan					4.913%
Georgian Terrace [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 45,032,662		45,826,038
Prepayment Penalties					n/a
Maturity Date					Jun. 1, 2025
Amortization Provisions, Term					30 years
Interest rate applicable to the mortgage loan					4.42%
Hilton Wilmington Riverside [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 30,000,000		30,000,000
Prepayment Penalties					Yes
Maturity Date					Jan. 1, 2027
Amortization Provisions, Term					25 years
Interest rate applicable to the mortgage loan					4.25%
Sheraton Louisville Riverside [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans					$ 11,701,930		11,977,557
Prepayment Penalties					Yes
Maturity Date	Dec. 1, 2026				Dec. 1, 2026
Amortization Provisions, Term	25 years				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		$ 15,000,000
Prepayment Penalties					Yes
Maturity Date					Oct. 12, 2021
Amortization Provisions, Term					18 years
Excess Interest rate over LIBOR on mortgage debt					3.50%

Debt - Schedule of Mortgage D51

Debt - Schedule of Mortgage Debt Obligations on Hotels (Parenthetical) (Detail) - USD ($)	Nov. 03, 2016	Oct. 12, 2016	Mar. 21, 2016	Jul. 07, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Feb. 07, 2017	Jun. 27, 2014
Debt Instrument [Line Items]
Amortization Period		18 years		25 years
Maturity Date			Nov. 13, 2017	Jul. 7, 2019
Mortgage loans		$ 20,500,000		$ 18,500,000	$ 299,051,772	$ 284,542,043
Proceeds of mortgage debt		15,000,000		$ 2,000,000	$ 40,500,000	102,700,000	$ 127,000,000
Mortgage loan additional earn-out provision		$ 5,500,000					$ 1,500,000
Excess Interest rate over LIBOR on mortgage debt		3.50%		3.50%
Fixed interest rate		4.00%		4.00%
Period subject to certain terms and conditions				1 year
Floating interest rate period		1 month		30 days
Mortgage Loans [Member] | Crowne Plaza Hampton Marina [Member]
Debt Instrument [Line Items]
Note extended date					2016-11
Amortization Period					3 years
Maturity Date					Nov. 1, 2019
Debt instrument periodic payment	$ 15,367				$ 15,367
Interest rate	5.00%								5.00%
Mortgage loans						2,584,633		$ 0
Interest rate applicable to the mortgage loan					5.00%
Mortgage Loans [Member] | Crowne Plaza Tampa Westshore [Member]
Debt Instrument [Line Items]
Amortization Period					25 years
Maturity Date					Jun. 30, 2019
Mortgage loans					$ 15,284,200	15,561,400
Proceeds of mortgage debt					15,700,000
Mortgage loan additional earn-out provision					$ 3,300,000
Excess Interest rate over LIBOR on mortgage debt					3.75%
Fixed interest rate					3.75%
Mortgage Loans [Member] | The DeSoto [Member]
Debt Instrument [Line Items]
Amortization Period					25 years
Maturity Date					Jul. 1, 2026
Mortgage loans					$ 34,645,929	30,000,000
Proceeds of mortgage debt					30,000,000
Mortgage loan additional earn-out provision					$ 5,000,000
Period subject to certain terms and conditions					1 year
Period before maturity in which prepayment is allowed with out penalty					120 days
Interest rate applicable to the mortgage loan					4.25%
Mortgage Loans [Member] | Double Tree by Hilton Jacksonville Riverfront [Member]
Debt Instrument [Line Items]
Amortization Period					30 years
Maturity Date					Jul. 11, 2024
Mortgage loans					$ 35,294,741	19,291,716
Prepayment date before maturity in which prepayment is allowed with penalty					Mar. 31, 2024
Prepayment date before maturity					Aug. 31, 2019
Interest rate applicable to the mortgage loan					4.88%
Mortgage Loans [Member] | Double Tree by Hilton Laurel [Member]
Debt Instrument [Line Items]
Amortization Period					25 years
Maturity Date					Aug. 5, 2021
Mortgage loans					$ 9,132,558	9,329,005
Prepayment date before maturity in which prepayment is allowed without penalty					Apr. 30, 2021
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]
Amortization Period					25 years
Maturity Date					Apr. 1, 2019
Mortgage loans					$ 30,432,260	31,261,991
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] | Doubletree By Hilton Raleigh Brownstone - University [Member]
Debt Instrument [Line Items]
Amortization Period					30 years
Maturity Date					Aug. 1, 2018
Mortgage loans					$ 14,503,925	14,773,885
Number of months for prepayment before maturity					2 months
Interest rate applicable to the mortgage loan					4.78%
Mortgage Loans [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member]
Debt Instrument [Line Items]
Amortization Period					30 years
Maturity Date					Oct. 1, 2025
Mortgage loans					$ 58,023,567	58,935,818
Prepayment date before maturity					Jun. 30, 2025
Interest rate applicable to the mortgage loan					4.913%
Mortgage Loans [Member] | Georgian Terrace [Member]
Debt Instrument [Line Items]
Amortization Period					30 years
Maturity Date					Jun. 1, 2025
Mortgage loans					$ 45,032,662	45,826,038
Prepayment date before maturity					Feb. 28, 2025
Interest rate applicable to the mortgage loan					4.42%
Mortgage Loans [Member] | Hilton Wilmington Riverside [Member]
Debt Instrument [Line Items]
Amortization Period					25 years
Maturity Date					Jan. 1, 2027
Mortgage loans					$ 30,000,000	30,000,000
Proceeds of mortgage debt					30,000,000
Mortgage loan additional earn-out provision					$ 5,000,000
Period subject to certain terms and conditions					1 year
Period before maturity in which prepayment is allowed with out penalty					120 days
Interest rate applicable to the mortgage loan					4.25%
Mortgage Loans [Member] | Sheraton Louisville Riverside [Member]
Debt Instrument [Line Items]
Amortization Period	25 years				25 years
Maturity Date	Dec. 1, 2026				Dec. 1, 2026
Interest rate	4.27%
Mortgage loans					$ 11,701,930	11,977,557
Proceeds of mortgage debt	$ 12,000,000
Interest rate applicable to the mortgage loan					4.27%
Mortgage Loans [Member] | The Whitehall [Member]
Debt Instrument [Line Items]
Amortization Period					18 years
Maturity Date					Oct. 12, 2021
Mortgage loans					$ 15,000,000	$ 15,000,000
Proceeds of mortgage debt					15,000,000
Mortgage loan additional earn-out provision					$ 5,500,000
Excess Interest rate over LIBOR on mortgage debt					3.50%
Fixed interest rate					4.00%
Floating interest rate period					1 month
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 [Member]
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, 2017	Dec. 31, 2016	Oct. 12, 2016	Jul. 07, 2015
Debt Disclosure [Abstract]
For the year ending: December 31, 2018	$ 22,039,201
December 31, 2019	51,290,912
December 31, 2020	7,232,596
December 31, 2021	28,919,110
December 31, 2022	7,018,848
December 31, 2023 and thereafter	182,551,105
Total future maturities	$ 299,051,772	$ 284,542,043	$ 20,500,000	$ 18,500,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017USD ($)ft²shares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 29, 2016USD ($)	Jan. 01, 2016USD ($)	Aug. 07, 2014USD ($)
Operating Leased Assets [Line Items]
Franchise termination fee recognized						$ 351,800
Maximum amount allocated to purchase common stock under ESOP				$ 5,000,000	$ 5,000,000
Total number of ESOP shares | shares	33,832
Fair value of ESOP released from suspense account and recognized compensation cost	$ 221,438
Number of non committed, unearned ESOP shares | shares	648,668
Fair value of unallocated ESOP shares	$ 4,183,908
Number of ESOP shares allocated | shares	9,473
Number of ESOP shares committed to be released | shares	24,359
ESOP [Member]
Operating Leased Assets [Line Items]
Number of common stock, shares purchased | shares	682,500
Purchased common stock, value	$ 4,900,000
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]
Franchise agreement expire date	Jul. 31, 2017
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
The 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
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
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
DoubleTree Resort by Hilton Hollywood Beach [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
Sheraton Louisville Riverside [Member]
Operating Leased Assets [Line Items]
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	2018-03
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
Maximum [Member] | ESOP [Member]
Operating Leased Assets [Line Items]
Borrowed amount				$ 5,000,000
Chesapeake Hospitality [Member]
Operating Leased Assets [Line Items]
Expiry date of master management agreement	between January 1, 2020 and January 30, 2022, and may be extended for up to two additional periods of five years each subject to the approval of both parties.
Williamsburg Virginia [Member]
Operating Leased Assets [Line Items]
Area of commercial space leased | ft²	5,216
Rent expense	$ 90,208	$ 91,003	$ 83,651
Commencement date of agreement	Sep. 1, 2009
Lease renewable expiration date	Aug. 31, 2018
Hyde Resort and Residences in Hollywood Beach, Florida [Member]
Operating Leased Assets [Line Items]
Operating lease, expiring date	Feb. 28, 2037
Rent expense	$ 220,000
Lease agreement	20 years
Operating lease monthly payments	$ 20,000
Hilton Savannah DeSoto [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	72,984	65,054
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	$ 116,791	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
Furniture, Fixtures and Equipment [Member]
Operating Leased Assets [Line Items]
Financing arrangement expiration date	2018-02
Financing arrangement expiration date	2019-10
Six Year Operating Lease Property [Member] | Hilton Savannah DeSoto [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 Contingencies54

Commitments and Contingencies - Schedule of Minimum Future Lease Payments (Detail)	Dec. 31, 2017USD ($)
Operating Leases Future Minimum Payments Due [Abstract]
For the year ending: December 31, 2018	$ 568,112
December 31, 2019	466,465
December 31, 2020	351,464
December 31, 2021	351,464
December 31, 2022	351,464
December 31, 2023 and thereafter	3,920,165
Total	$ 6,009,134

Preferred Stock and Units - Add

Preferred Stock and Units - Additional Information (Detail) - USD ($)	Aug. 23, 2016	Oct. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Nov. 15, 2017	Sep. 30, 2016	Nov. 21, 2014
Preferred Units [Line Items]
Preferred stock, shares authorized			11,000,000	11,000,000
Proceeds from the sale of preferred stock, net			$ 30,488,660	$ 37,766,531
7.0% Senior Unsecured Notes [Member]
Preferred Units [Line Items]
Interest rate on loan					7.00%		7.00%
8.0% Senior Unsecured Notes [Member]
Preferred Units [Line Items]
Interest rate on loan						8.00%
Sotherly Hotels LP [Member]
Preferred Units [Line Items]
Proceeds from sale of preferred units, net			$ 30,488,660	$ 37,766,531
Sotherly Hotels LP [Member] | 7.0% Senior Unsecured Notes [Member]
Preferred Units [Line Items]
Interest rate on loan		7.00%
Sotherly Hotels LP [Member] | 8.0% Senior Unsecured Notes [Member]
Preferred Units [Line Items]
Interest rate on loan	8.00%
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Operating partnership preferred partnership units issued		1,300,000
Preferred units, dividend rate percentage		7.875%	7.875%	7.875%
Proceeds from sale of preferred units, net		$ 30,500,000
Preferred units, liquidation preference per units		$ 25	$ 25	$ 25
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Operating partnership preferred partnership units issued	1,610,000
Preferred units, par value	$ 0.01
Preferred units, dividend rate percentage	8.00%		8.00%	8.00%
Proceeds from sale of preferred units, net	$ 37,800,000
Preferred units, liquidation preference per units	$ 25		$ 25	$ 25
8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred Units [Line Items]
Preferred stock, shares authorized			11,000,000	11,000,000
Preferred stock, shares issued	1,610,000		1,610,000	1,610,000
Preferred stock, shares outstanding			1,610,000	1,610,000
Preferred stock, par value	$ 0.01		$ 0.01	$ 0.01
Proceeds from the sale of preferred stock, net	$ 37,800,000
Preferred stock, dividend rate percentage			8.00%	8.00%
Preferred stock, liquidation preference per share			$ 25	$ 25
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred Units [Line Items]
Preferred stock, shares authorized			11,000,000	11,000,000
Preferred stock, shares issued		1,300,000	1,300,000	0
Preferred stock, shares outstanding			1,300,000	0
Preferred stock, par value			$ 0.01	$ 0.01
Proceeds from the sale of preferred stock, net		$ 30,500,000
Preferred stock, dividend rate percentage			7.875%	7.875%
Preferred stock, liquidation preference per share			$ 25	$ 25

Preferred Stock and Units - Qua

Preferred Stock and Units - Quarterly Distributions Declared and Payable by Operating Partnership (Detail) - Sotherly Hotels LP [Member] - $ / shares	1 Months Ended	3 Months Ended
	Sep. 30, 2016	Dec. 31, 2017	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Class of Stock [Line Items]
Preferred dividend declared and payable	$ 0.2111		$ 0.50	$ 0.50	$ 0.50	$ 0.50	$ 0.50
7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
Class of Stock [Line Items]
Preferred dividend declared and payable		$ 0.4430

Common Stock and Units - Additi

Common Stock and Units - Additional Information (Detail)	Feb. 15, 2017shares	Dec. 02, 2016USD ($)$ / shares	Feb. 02, 2016shares	Feb. 01, 2016shares	Sep. 16, 2015shares	Jul. 17, 2015USD ($)shares	Jul. 02, 2015USD ($)	May 01, 2015shares	Apr. 01, 2015shares	Jan. 29, 2015shares	Jun. 30, 2015USD ($)shares	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015USD ($)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 | $												$ 2,731,041	$ 3,164,536
Number of common stock shares repurchased												401,720	481,100
Common stock, shares issued						435,000						14,078,831	14,468,551		3,000,000
Proceeds from sale of common stock | $						$ 2,800,000	$ 19,800,000				$ 700,000			$ 23,250,818
Common stock, shares outstanding												14,078,831	14,468,551
Common stock exchange ratio												1
Operating Partnership common units not owned												1,778,140	1,778,140
Common Stock [Member]
Class of Stock [Line Items]
Repurchased common stock, value | $												$ 4,017	$ 4,811
Number of common stock shares repurchased												401,720	481,100
Restricted shares issued												12,000	12,000	9,750
Conversion of units in Operating Partnership to shares of common stock, shares				422,687	200,000			50,000	100,000				422,687	350,000
Common stock, shares issued											98,682
Shares issued											98,682			98,682
Common Stock [Member] | Executive Officer [Member]
Class of Stock [Line Items]
Non-restricted shares issued			22,000							26,350
Common Stock [Member] | Director [Member]
Class of Stock [Line Items]
Restricted shares issued			12,000							9,750
Non-restricted shares issued			2,250
Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Repurchased common units, number of units												401,720	481,100
Repurchased common units | $												$ 2,731,041	$ 3,164,536
Operating Partnership common units outstanding												15,856,971	16,246,691
Fair market value | $												$ 11,500,000	$ 12,100,000
Sotherly Hotels LP [Member] | Common Stock [Member]
Class of Stock [Line Items]
Number of issued unit in Operating Partnership	12,000		36,250							36,100
Restricted shares issued	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, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015
Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Dividends payable amount per share	$ 0.110	$ 0.110	$ 0.105	$ 0.100	$ 0.095	$ 0.095	$ 0.090	$ 0.085	$ 0.080	$ 0.080	$ 0.075	$ 0.070

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Feb. 01, 2016shares	Sep. 16, 2015shares	Apr. 01, 2015shares	Jul. 31, 2015USD ($)	Dec. 31, 2017USD ($)Membersshares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Related Party Transaction [Line Items]
Accounts receivable - affiliate					$ 394,026	$ 4,175
DoubleTree Resort by Hilton Hollywood Beach [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest					100.00%	100.00%
Percentage of operating partnership owned				25.00%
Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Number of former members | Members					2
Company's outstanding common stock owned by members of Chesapeake Hospitality					10.50%
Operating Partnership units owned by members of Chesapeake Hospitality | shares					652,326
Company's common stock shares owned by members of Chesapeake Hospitality | shares					1,481,833
Accounts receivable - affiliate					$ 113,669	$ 133,711
Agreement term					5 years
Base management fees earned by related party					$ 4,044,059	3,828,896	$ 3,371,668
Incentive management fees earned by related party					126,918	36,466	79,555
Employee medical benefits paid					$ 4,801,599	4,606,967	4,541,546
Expiry date of management agreement					Aug. 31, 2017
Management fee					3.00%
Base management fees				$ 401,954
Chesapeake Hospitality [Member] | Fiscal Year 2017 [Member]
Related Party Transaction [Line Items]
Percentage of management fee due					2.65%
Chesapeake Hospitality [Member] | Fiscal Year 2017 and Thereafter [Member]
Related Party Transaction [Line Items]
Percentage of management fee due					2.50%
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%
Chesapeake Hospitality [Member] | Whitehall and Georgian Terrace Hotel [Member] | Fiscal Year 2015 [Member]
Related Party Transaction [Line Items]
Percentage of management fee due					2.00%
Chesapeake Hospitality [Member] | Whitehall and Georgian Terrace Hotel [Member] | Fiscal Year 2016 [Member]
Related Party Transaction [Line Items]
Percentage of management fee due					2.25%
Chesapeake Hospitality [Member] | Whitehall and Georgian Terrace Hotel [Member] | Fiscal Year Thereafter [Member]
Related Party Transaction [Line Items]
Percentage of management fee due					2.50%
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
Sotherly Foundation [Member]
Related Party Transaction [Line Items]
Amount loaned to related party							180,000
Loan receivable outstanding					$ 40,000	80,000
Immediate Family Members of Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Total compensation for related parties					304,737	291,508	272,022
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					$ 178,345	$ 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 ($)	2 Months Ended	12 Months Ended
	Feb. 28, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 29, 2016	Jan. 01, 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		$ 67,273	$ 63,944	$ 40,768
Maximum amount allocated to purchase common stock under ESOP					$ 5,000,000	$ 5,000,000
Number of common stock, shares purchased	682,500
Purchased common stock, value	$ 4,900,000	$ 4,874,758

Retirement Plans - Summary of S

Retirement Plans - Summary of Shares Allocations are Accounted For Fair Value on The Date of Allocations (Detail)	Dec. 31, 2017USD ($)shares
Compensation And Retirement Disclosure [Abstract]
Number of ESOP shares allocated | shares	9,473
Number of ESOP shares committed to be released | shares	24,359
Total number of ESOP allocated and committed-to-be-released | shares	33,832
Number of non committed, unearned ESOP shares | shares	648,668
Total number of ESOP shares | shares	682,500
Fair value of ESOP allocated shares | $	$ 64,321
Fair value of ESOP Committed-to-be released shares | $	157,117
Total fair value of ESOP allocated and committed-to-be-released | $	221,438
Fair value of ESOP unallocated shares | $	4,183,908
Total fair value of ESOP shares | $	$ 4,405,346

Unconsolidated Joint Venture -

Unconsolidated Joint Venture - Additional Information (Detail)	Dec. 31, 2017	Dec. 31, 2016	Jul. 31, 2015
DoubleTree Resort by Hilton Hollywood Beach [Member]
Schedule Of Equity Method Investments [Line Items]
Percentage of direct ownership	100.00%	100.00%
Percentage of operating partnership owned			25.00%
Carlyle [Member]
Schedule Of Equity Method Investments [Line Items]
Percentage of indirect interest owned			75.00%

Unconsolidated Joint Venture 63

Unconsolidated Joint Venture - Summarized Financial Information of Investment (Detail) - DoubleTree Resort by Hilton Hollywood Beach [Member]	7 Months Ended
	Jul. 31, 2015USD ($)
Revenue
Rooms department	$ 10,605,941
Food and beverage department	1,911,950
Other operating departments	880,564
Total revenue	13,398,455
Hotel operating expenses
Rooms department	2,062,515
Food and beverage department	1,442,139
Other operating departments	388,087
Indirect	4,774,322
Total hotel operating expenses	8,667,063
Depreciation and amortization	1,060,339
General and administrative	252,565
Total operating expenses	9,979,967
Operating income	3,418,488
Interest expense	(1,516,433)
Net income	$ 1,902,055

Indirect Hotel Operating Expe64

Indirect Hotel Operating Expenses - Summary of Indirect Hotel Operating Expenses (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	$ 57,612,203	$ 57,736,937	$ 52,067,947
Sales and Marketing [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	13,843,578	13,537,887	11,259,332
General and Administrative [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	12,949,596	12,135,835	11,327,182
Repairs and Maintenance [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	6,828,963	7,314,178	6,903,226
Utilities [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	5,820,589	6,429,686	6,115,356
Property Taxes [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	5,729,464	5,983,280	5,110,659
Management Fees, Including Incentive [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	4,170,977	3,865,362	3,490,586
Franchise Fees [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	3,877,231	4,091,729	4,016,083
Insurance [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	2,446,269	2,594,783	2,305,966
Information and Telecommunications [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	1,647,728	1,679,603	1,454,219
Other [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	$ 297,808	$ 104,594	$ 85,338

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Benefit) Provision (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current:
State	$ 239,582	$ 191,332	$ 444,538
Total	239,582	191,332	444,538
Deferred:
Federal	1,661,153	(1,294,408)	(1,510,726)
State	(162,931)	(264,558)	(269,845)
Total	1,498,222	(1,558,966)	(1,780,571)
Income tax (benefit) provision	$ 1,737,804	$ (1,367,634)	$ (1,336,033)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Federal Income Tax Provision (Benefit) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Statutory federal income tax provision (benefit)	$ 600,880	$ (158,859)	$ 1,705,610
Effect of non-taxable REIT income (loss)	(1,621,526)	(1,135,549)	(2,866,950)
Effect of change in federal income tax rate on net deferred tax assets	2,681,800
State income tax provision (benefit)	76,650	(73,226)	(174,693)
Income tax (benefit) provision	$ 1,737,804	$ (1,367,634)	$ (1,336,033)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Line Items]
Deferred tax asset	$ 5,451,118	$ 6,949,340
Accumulated net operating losses	$ 4,900,000
Loss carryforwards, expired	2,028
Deferred tax asset nondeductible accrued expenses	$ 600,000	600,000
Reduction in deferred tax assets due to change in federal income tax rate	2,700,000
TRS Lessee [Member]
Income Taxes [Line Items]
Accumulated net operating losses	$ 4,900,000	$ 6,000,000

Income (Loss) Per Share and P68

Income (Loss) Per Share and Per Unit - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017shares
Earnings Per Share [Line Items]
Number of non-committed, unearned ESOP shares	648,668
ESOP [Member]
Earnings Per Share [Line Items]
Number of ESOP units	0

Income (Loss) Per Share and P69

Income (Loss) Per Share and Per Unit - Computation of Basic and Diluted Net Income (Loss) Per Share (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator
Net income (loss) available to common stockholders for basic and diluted computation	$ (3,936,522)	$ (1,550,555)	$ 296,850	$ 1,851,090	$ (746,140)	$ (1,716,234)	$ 1,761,106	$ 483,095	$ (3,339,136)	$ (218,173)	$ 5,356,666
Denominator
Weighted average number of common shares outstanding									14,443,674	14,896,994	12,541,117
Weighted average number of Unearned ESOP Shares									(614,574)
Total weighted average number of common shares outstanding for basic and diluted computation									13,829,100	14,896,994	12,541,117
Basic and diluted net income (loss) per share	$ (0.29)	$ (0.11)	$ 0.02	$ 0.13	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03	$ (0.24)	$ (0.01)	$ 0.43

Income (Loss) Per Share and P70

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, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income (loss) available to common unitholders for basic computation	$ (4,422,903)	$ (1,741,000)	$ 310,795	$ 2,100,958	$ (879,084)	$ (1,889,080)	$ 1,977,550	$ 545,874
Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted	$ (0.27)	$ (0.11)	$ 0.02	$ 0.13	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03
Sotherly Hotels LP [Member]
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net income (loss) available to common unitholders for basic computation									$ (3,752,150)	$ (244,740)	$ 6,397,653
Weighted average number of units outstanding									16,224,005	16,710,935	14,924,410
Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted									$ (0.23)	$ (0.01)	$ 0.43

Quarterly Operating Results -71

Quarterly Operating Results - Unaudited - Quarterly Operating Results (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 38,159,704	$ 36,769,471	$ 40,642,632	$ 38,694,886	$ 35,935,342	$ 37,275,312	$ 41,824,954	$ 37,810,144	$ 154,266,693	$ 152,845,752	$ 138,533,476
Total operating expenses	35,339,712	34,595,193	35,178,717	32,989,182	33,026,914	33,539,913	34,645,809	33,025,990	138,102,805	134,238,626	123,203,426
Net operating income	2,819,992	2,174,278	5,463,915	5,705,704	2,908,428	3,735,399	7,179,145	4,784,154	16,163,888	18,607,126	15,330,050
Net income (loss)	(3,056,262)	(936,000)	1,135,719	2,886,032	(74,084)	(1,549,191)	1,977,550	545,874	29,489	900,149	6,397,653
Net income (loss) attributable to common shareholders	$ (3,936,522)	$ (1,550,555)	$ 296,850	$ 1,851,090	$ (746,140)	$ (1,716,234)	$ 1,761,106	$ 483,095	$ (3,339,136)	$ (218,173)	$ 5,356,666
Basic and diluted net income (loss) per share	$ (0.29)	$ (0.11)	$ 0.02	$ 0.13	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03	$ (0.24)	$ (0.01)	$ 0.43
Net income (loss) available to common unitholders for basic computation	$ (4,422,903)	$ (1,741,000)	$ 310,795	$ 2,100,958	$ (879,084)	$ (1,889,080)	$ 1,977,550	$ 545,874
Basic and diluted	$ (0.27)	$ (0.11)	$ 0.02	$ 0.13	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03
Earnings (loss) per unit attributable to operating partnership unitholders– basic and diluted	$ (0.27)	$ (0.11)	$ 0.02	$ 0.13	$ (0.05)	$ (0.11)	$ 0.12	$ 0.03

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Mar. 01, 2018USD ($)Room	Feb. 26, 2018USD ($)	Feb. 12, 2018USD ($)	Feb. 01, 2018USD ($)	Jan. 30, 2018$ / shares	Jan. 11, 2018$ / shares	Oct. 12, 2016USD ($)	Jul. 07, 2015USD ($)	Dec. 31, 2017USD ($)Room	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Subsequent Event [Line Items]
Proceeds from mortgage loans							$ 15,000,000	$ 2,000,000	$ 40,500,000	$ 102,700,000	$ 127,000,000
Amortization Period							18 years	25 years
Excess Interest rate over LIBOR on mortgage debt							3.50%	3.50%
Rooms in hotel | Room									2,838
Hyatt Centric Arlington [Member]
Subsequent Event [Line Items]
Transaction costs									$ 100,000
Hilton Wilmington Riverside [Member] | Mortgage Loans [Member]
Subsequent Event [Line Items]
Proceeds from mortgage loans									$ 30,000,000
Amortization Period									25 years
The Whitehall [Member] | Mortgage Loans [Member]
Subsequent Event [Line Items]
Proceeds from mortgage loans									$ 15,000,000
Amortization Period									18 years
Excess Interest rate over LIBOR on mortgage debt									3.50%
Subsequent Event [Member]
Subsequent Event [Line Items]
Dividend paid | $ / shares						$ 0.11
Dividend record date					Mar. 15, 2018	Dec. 15, 2017
Dividend distributed | $ / shares					$ 0.115
Dividend payment date					Apr. 11, 2018
Subsequent Event [Member] | Hyatt Centric Arlington [Member]
Subsequent Event [Line Items]
Mortgage loans	$ 57,000,000
Rooms in hotel | Room	318
Hotel property aggregate purchase price	$ 79,700,000
Subsequent Event [Member] | 7.25% Senior Unsecured Notes due 2021 [Member]
Subsequent Event [Line Items]
Proceeds from sale and issuance of unsecured notes			$ 25,000,000
Interest rate			7.25%
Proceeds from unsecured notes net of estimated expenses			$ 23,300,000
Subsequent Event [Member] | First Promissory Note (“Note A”) [Member] | Hyatt Centric Arlington [Member]
Subsequent Event [Line Items]
Amortization Period	25 years
Mortgage loans	$ 50,000,000
Debt instrument maturity term	3 years
Extended maturity period	two 1-year
Subsequent Event [Member] | First Promissory Note (“Note A”) [Member] | Hyatt Centric Arlington [Member] | 1-Month LIBOR
Subsequent Event [Line Items]
Excess Interest rate over LIBOR on mortgage debt	3.00%
Subsequent Event [Member] | Second Promissory Note (“Note B”) [Member] | Hyatt Centric Arlington [Member]
Subsequent Event [Line Items]
Mortgage loans	$ 7,000,000
Debt instrument maturity term	1 year
Extended maturity period	two 1-year
Subsequent Event [Member] | Second Promissory Note (“Note B”) [Member] | Hyatt Centric Arlington [Member] | 1-Month LIBOR
Subsequent Event [Line Items]
Excess Interest rate over LIBOR on mortgage debt	5.00%
Subsequent Event [Member] | Hilton Wilmington Riverside [Member] | Mortgage Loans [Member]
Subsequent Event [Line Items]
Additional proceeds on mortgage loan				$ 5,000,000
Subsequent Event [Member] | The Whitehall [Member] | Mortgage Loans [Member]
Subsequent Event [Line Items]
Proceeds from mortgage loans		$ 15,000,000
Extended maturity date		Feb. 26, 2023
Amortization Period		25 years
Subsequent Event [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Subsequent Event [Line Items]
Dividend record date					Mar. 29, 2018
Dividend payment date					Apr. 16, 2018
Preferred dividend distributed | $ / shares					$ 0.4922
Subsequent Event [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Subsequent Event [Line Items]
Dividend record date					Mar. 29, 2018
Dividend payment date					Apr. 16, 2018
Preferred dividend distributed | $ / shares					$ 0.50

Schedule III - Real Estate an73

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 299,052
Initial Costs, Land	57,818
Initial Costs, Building & Improvements	239,967
Costs Capitalized Subsequent to Acquisition, Land	1,686
Costs Capitalized Subsequent to Acquisition, Building & Improvements	108,566
Gross Amount at End of Year, Land	59,504
Gross Amount at End of Year, Building & Improvements	348,533
Gross Amount at End of Year, Total	408,037	$ 402,189	$ 393,630
Accumulated Depreciation & Impairment	$ (75,111)
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	$ 58,023
Initial Costs, Land	4,153
Initial Costs, Building & Improvements	9,670
Costs Capitalized Subsequent to Acquisition, Land	320
Costs Capitalized Subsequent to Acquisition, Building & Improvements	22,289
Gross Amount at End of Year, Land	4,473
Gross Amount at End of Year, Building & Improvements	31,959
Gross Amount at End of Year, Total	36,432
Accumulated Depreciation & Impairment	$ (8,701)
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
The DeSoto – Savannah, Georgia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	The DeSoto – Savannah, Georgia
Encumbrances	$ 34,646
Initial Costs, Land	600
Initial Costs, Building & Improvements	13,562
Costs Capitalized Subsequent to Acquisition, Land	527
Costs Capitalized Subsequent to Acquisition, Building & Improvements	17,334
Gross Amount at End of Year, Land	1,127
Gross Amount at End of Year, Building & Improvements	30,896
Gross Amount at End of Year, Total	32,023
Accumulated Depreciation & Impairment	$ (9,166)
Date of Construction	1,968
Date Acquired	2,004
The DeSoto – Savannah, Georgia [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
The DeSoto – Savannah, Georgia [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	$ 15,284
Initial Costs, Land	7,090
Initial Costs, Building & Improvements	14,604
Costs Capitalized Subsequent to Acquisition, Land	111
Costs Capitalized Subsequent to Acquisition, Building & Improvements	7,124
Gross Amount at End of Year, Land	7,201
Gross Amount at End of Year, Building & Improvements	21,728
Gross Amount at End of Year, Total	28,929
Accumulated Depreciation & Impairment	$ (6,714)
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	$ 35,295
Initial Costs, Land	900
Initial Costs, Building & Improvements	9,443
Costs Capitalized Subsequent to Acquisition, Land	175
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,746
Gross Amount at End of Year, Land	1,075
Gross Amount at End of Year, Building & Improvements	15,189
Gross Amount at End of Year, Total	16,264
Accumulated Depreciation & Impairment	$ (4,431)
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	$ 9,133
Initial Costs, Land	2,100
Initial Costs, Building & Improvements	22,031
Costs Capitalized Subsequent to Acquisition, Land	377
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,725
Gross Amount at End of Year, Land	2,477
Gross Amount at End of Year, Building & Improvements	27,756
Gross Amount at End of Year, Total	30,233
Accumulated Depreciation & Impairment	$ (9,205)
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	$ 30,432
Initial Costs, Land	815
Initial Costs, Building & Improvements	7,416
Costs Capitalized Subsequent to Acquisition, Land	211
Costs Capitalized Subsequent to Acquisition, Building & Improvements	6,176
Gross Amount at End of Year, Land	1,026
Gross Amount at End of Year, Building & Improvements	13,592
Gross Amount at End of Year, Total	14,618
Accumulated Depreciation & Impairment	$ (5,349)
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
DoubleTree Resort by Hilton Hollywood Beach - Hollywood Beach Florida [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	DoubleTree Resort by Hilton Hollywood Beach - Hollywood Beach, Florida
Encumbrances	$ 14,504
Initial Costs, Land	22,865
Initial Costs, Building & Improvements	67,660
Costs Capitalized Subsequent to Acquisition, Land	394
Costs Capitalized Subsequent to Acquisition, Building & Improvements	2,870
Gross Amount at End of Year, Land	23,259
Gross Amount at End of Year, Building & Improvements	70,530
Gross Amount at End of Year, Total	93,789
Accumulated Depreciation & Impairment	$ (4,335)
Date of Construction	1,972
Date Acquired	2,015
DoubleTree Resort by Hilton Hollywood Beach - Hollywood Beach Florida [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
DoubleTree Resort by Hilton Hollywood Beach - Hollywood Beach Florida [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	$ 45,033
Initial Costs, Land	10,128
Initial Costs, Building & Improvements	45,386
Costs Capitalized Subsequent to Acquisition, Land	(1,309)
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,555
Gross Amount at End of Year, Land	8,819
Gross Amount at End of Year, Building & Improvements	50,941
Gross Amount at End of Year, Total	59,760
Accumulated Depreciation & Impairment	$ (5,267)
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 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	500
Costs Capitalized Subsequent to Acquisition, Building & Improvements	15,775
Gross Amount at End of Year, Land	1,285
Gross Amount at End of Year, Building & Improvements	32,604
Gross Amount at End of Year, Total	33,889
Accumulated Depreciation & Impairment	$ (13,043)
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	$ 11,702
Initial Costs, Land	782
Initial Costs, Building & Improvements	6,891
Costs Capitalized Subsequent to Acquisition, Land	274
Costs Capitalized Subsequent to Acquisition, Building & Improvements	14,613
Gross Amount at End of Year, Land	1,056
Gross Amount at End of Year, Building & Improvements	21,504
Gross Amount at End of Year, Total	22,560
Accumulated Depreciation & Impairment	$ (5,696)
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	106
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,359
Gross Amount at End of Year, Land	7,480
Gross Amount at End of Year, Building & Improvements	27,544
Gross Amount at End of Year, Total	35,024
Accumulated Depreciation & Impairment	$ (3,103)
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
The Hyde Resort [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	The Hyde Resort
Initial Costs, Land	$ 226
Initial Costs, Building & Improvements	4,290
Gross Amount at End of Year, Land	226
Gross Amount at End of Year, Building & Improvements	4,290
Gross Amount at End of Year, Total	4,516
Accumulated Depreciation & Impairment	$ (101)
Date of Construction	2,016
Date Acquired	2,017
The Hyde Resort [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
The Hyde Resort [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 an74

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	Dec. 31, 2017USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of our real estate assets for federal income tax	$ 398.3

Schedule III - Real Estate an75

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate and Accumulated Depreciation (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Real Estate
Beginning Balance	$ 402,189,000	$ 393,630,000
Acquisitions	4,516,000
Improvements	13,713,000	9,473,000
Disposal of Assets	(12,381,000)	(914,000)
Ending Balance	408,037,000	402,189,000	$ 393,630,000
Reconciliation of Accumulated Depreciation
Beginning Balance	68,506,000	62,041,000
Current Expense	9,933,000	7,018,000
Impairment	0	0	500,000
Disposal of Assets	(3,328,000)	(553,000)
Ending Balance	$ 75,111,000	$ 68,506,000	$ 62,041,000