Sotherly Hotels (SOHO) 10-K 25 Mar 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 05, 2022	Jun. 30, 2020
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Document Annual Report	true
Document Transition Report	false
Entity Registrant Name	SOTHERLY HOTELS INC.
Entity Central Index Key	0001301236
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Incorporation, State or Country Code	MD
Entity File Number	001-32379
Entity Tax Identification Number	20-1531029
Entity Address, Address Line One	306 South Henry Street, Suite 100
Entity Address, City or Town	Williamsburg
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23185
City Area Code	757
Local Phone Number	229-5648
Entity Common Stock, Shares Outstanding		17,631,326
Entity Public Float			$ 42,010,437
Auditor Firm ID	57
Auditor Name	Dixon Hughes Goodman LLP
Auditor Location	Richmond, Virginia
Documents Incorporated by Reference	Part III of this Form 10-K incorporates by reference certain portions of Sotherly Hotels Inc.’s proxy statement for its 2022 annual meeting of stockholders to be filed with the Securities and Exchange Commission not later than 120 days after the end of the fiscal year covered by this report.
Common Stock [Member]
Document Information [Line Items]
Title of each class	Common Stock, $0.01 par value
Trading Symbol	SOHO
Name of each exchange on which registered	NASDAQ
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Document Information [Line Items]
Title of each class	8.0% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value
Trading Symbol	SOHOB
Name of each exchange on which registered	NASDAQ
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Document Information [Line Items]
Title of each class	7.875% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value
Trading Symbol	SOHOO
Name of each exchange on which registered	NASDAQ
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
Document Information [Line Items]
Title of each class	8.25% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value
Trading Symbol	SOHON
Name of each exchange on which registered	NASDAQ
Sotherly Hotels LP [Member]
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Document Annual Report	true
Document Transition Report	false
Entity Registrant Name	SOTHERLY HOTELS LP
Entity Central Index Key	0001301236
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Entity File Number	001-36091
Entity Tax Identification Number	20-1965427
Entity Address, Address Line One	306 South Henry Street, Suite 100
Entity Address, City or Town	Williamsburg
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23185
City Area Code	757
Local Phone Number	229-5648

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Investment in hotel properties, net	$ 375,885,224	$ 427,824,585
Investment in hotel properties held for sale, net	22,870,487
Cash and cash equivalents	13,166,883	25,297,771
Restricted cash	12,411,654	10,002,775
Accounts receivable, net	4,822,187	2,181,700
Prepaid expenses, inventory and other assets	6,894,228	7,726,980
TOTAL ASSETS	436,050,663	473,033,811
LIABILITIES
Mortgage loans, net	351,170,883	357,545,977
Secured notes, net	19,128,330	18,694,355
Unsecured notes, net	7,609,934	10,719,100
Accounts payable and accrued liabilities	35,960,293	35,631,931
Advance deposits	1,552,942	1,964,073
Dividends and distributions payable	4,125,351	4,277,070
TOTAL LIABILITIES	419,547,733	428,832,506
Commitments and contingencies (See Note 5)
Sotherly Hotels Inc. stockholders’ equity
Common stock, par value $0.01, 69,000,000 shares authorized, 17,441,058 shares issued and outstanding at December 31, 2021 and 15,023,850 shares issued and outstanding at December 31, 2020.	174,410	150,238
Additional paid-in capital	177,651,954	180,292,440
Unearned ESOP shares	(3,083,398)	(3,636,026)
Distributions in excess of retained earnings	(153,521,704)	(127,300,230)
Total Sotherly Hotels Inc. stockholders’ equity	21,261,858	49,550,068
Noncontrolling interest	(4,758,928)	(5,348,763)
TOTAL EQUITY	16,502,930	44,201,305
TOTAL LIABILITIES AND EQUITY	436,050,663	473,033,811
Sotherly Hotels LP [Member]
ASSETS
Investment in hotel properties, net	375,885,224	427,824,585
Investment in hotel properties held for sale, net	22,870,487
Cash and cash equivalents	13,166,883	25,297,771
Restricted cash	12,411,654	10,002,775
Accounts receivable, net	4,822,187	2,181,700
Loan receivable - affiliate	3,157,172	3,746,254
Prepaid expenses, inventory and other assets	6,894,228	7,726,980
TOTAL ASSETS	439,207,835	476,780,065
LIABILITIES
Mortgage loans, net	351,170,883	357,545,977
Secured notes, net	19,128,330	18,694,355
Unsecured notes, net	7,609,934	10,719,100
Accounts payable and accrued liabilities	35,960,293	35,631,931
Advance deposits	1,552,942	1,964,073
Dividends and distributions payable	4,125,351	4,277,070
TOTAL LIABILITIES	419,547,733	428,832,506
Commitments and contingencies (See Note 5)
PARTNERS' CAPITAL
General Partner: 185,748 units and 161,904 units issued and outstanding as of December 31, 2021 and December 31, 2020, respectively.	(469,805)	(258,538)
Limited Partners: 18,389,030 units and 16,028,447 units issued and outstanding as of December 31, 2021 and December 31, 2020, respectively.	(75,315,469)	(54,399,898)
TOTAL PARTNERS' CAPITAL	19,660,102	47,947,559
Sotherly Hotels Inc. stockholders’ equity
TOTAL LIABILITIES AND EQUITY	439,207,835	476,780,065
Sotherly Hotels LP [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
PARTNERS' CAPITAL
Preferred units, 11,000,000 units authorized;	35,420,784	37,766,531
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
PARTNERS' CAPITAL
Preferred units, 11,000,000 units authorized;	32,474,760	36,461,955
Sotherly Hotels LP [Member] | 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
PARTNERS' CAPITAL
Preferred units, 11,000,000 units authorized;	27,549,832	28,377,509
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:	15,100	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:	13,846	15,546
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
Sotherly Hotels Inc. stockholders’ equity
Preferred stock, $0.01 par value, 11,000,000 shares authorized:	$ 11,650	$ 12,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Preferred stock, shares authorized	11,000,000	11,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	69,000,000	69,000,000
Common stock, shares issued	17,441,058	15,023,850
Common stock, shares outstanding	17,441,058	15,023,850
Sotherly Hotels LP [Member]
General Partner, units issued	185,748	161,904
General Partner, units outstanding	185,748	161,904
Limited Partner, units issued	18,389,030	16,028,447
Limited Partner, units outstanding	18,389,030	16,028,447
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, shares issued	1,510,000	1,610,000
Preferred stock, shares outstanding	1,510,000	1,610,000
Preferred stock, aggregate liquidation preference	$ 43,035,000	$ 42,655,000
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member] | Sotherly Hotels LP [Member]
Preferred units, authorized	11,000,000	11,000,000
Preferred units, dividend rate percentage	8.00%	8.00%
Preferred units, issued	1,510,000	1,610,000
Preferred units, outstanding	1,510,000	1,610,000
Preferred units, aggregate liquidation preference	$ 43,035,000	$ 42,665,000
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, shares issued	1,384,610	1,554,610
Preferred stock, shares outstanding	1,384,610	1,554,610
Preferred stock, aggregate liquidation preference	$ 39,385,669	$ 41,160,731
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member] | Sotherly Hotels LP [Member]
Preferred units, authorized	11,000,000	11,000,000
Preferred units, dividend rate percentage	7.875%	7.875%
Preferred units, issued	1,384,610	1,554,610
Preferred units, outstanding	1,384,610	1,554,610
Preferred units, aggregate liquidation preference	$ 39,385,669	$ 41,160,731
8.25% Series D 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	8.25%	8.25%
Preferred stock, shares issued	1,165,000	1,200,000
Preferred stock, shares outstanding	1,165,000	1,200,000
Preferred stock, aggregate liquidation preference	$ 33,329,922	$ 31,856,250
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member] | Sotherly Hotels LP [Member]
Preferred units, authorized	11,000,000	11,000,000
Preferred units, dividend rate percentage	8.25%	8.25%
Preferred units, issued	1,165,000	1,200,000
Preferred units, outstanding	1,165,000	1,200,000
Preferred units, aggregate liquidation preference	$ 33,329,922	$ 31,856,250

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
REVENUE
Total revenue	$ 127,587,924	$ 71,502,576	$ 185,788,133
Hotel operating expenses
Total hotel operating expenses	96,693,363	74,726,885	138,850,209
Depreciation and amortization	19,909,226	19,896,772	21,637,316
Impairment of investment in hotel properties, net	12,201,461
(Gain) loss on disposal of assets	(158,286)	136,063	123,739
Corporate general and administrative	6,997,166	6,492,526	6,830,354
Total operating expenses	135,642,930	101,252,246	167,441,618
NET OPERATING INCOME (LOSS)	(8,055,006)	(29,749,670)	18,346,515
Other income (expense)
Interest expense	(22,686,694)	(18,056,874)	(19,768,193)
Interest income	147,025	210,426	444,459
Loss on early extinguishment of debt			(1,152,356)
Unrealized gain (loss) on hedging activities	1,493,841	(986,200)	(1,177,871)
Gain on exercise of development right			3,940,000
Gain on involuntary conversion of assets	588,586	179,856	293,534
Net (loss) income before income taxes	(28,512,248)	(48,402,462)	926,088
Income tax (provision) benefit	(27,392)	(5,280,443)	249,480
Net (loss) income	(28,539,640)	(53,682,905)	1,175,568
Less: Net loss attributable to noncontrolling interest	2,318,166	4,489,341	733,876
Net (loss) income attributable to the Company	(26,221,474)	(49,193,564)	1,909,444
Declared and undeclared distributions to preferred stockholders	(7,541,891)	(8,755,642)	(7,820,695)
Gain on extinguishment of preferred stock	361,476
Net loss attributable to common stockholders	$ (33,401,889)	$ (57,949,206)	$ (5,911,251)
Net loss per share attributable to common stockholders/general and limited partner unit
Basic	$ (2.15)	$ (4.05)	$ (0.43)
Weighted average number of common shares/general and limited partner units outstanding
Basic	15,531,684	14,312,049	13,642,573
Sotherly Hotels LP [Member]
REVENUE
Total revenue	$ 127,587,924	$ 71,502,576	$ 185,788,133
Hotel operating expenses
Total hotel operating expenses	96,693,363	74,726,885	138,850,209
Depreciation and amortization	19,909,226	19,896,772	21,637,316
Impairment of investment in hotel properties, net	12,201,461
(Gain) loss on disposal of assets	(158,286)	136,063	123,739
Corporate general and administrative	6,997,166	6,492,526	6,830,354
Total operating expenses	135,642,930	101,252,246	167,441,618
NET OPERATING INCOME (LOSS)	(8,055,006)	(29,749,670)	18,346,515
Other income (expense)
Interest expense	(22,686,694)	(18,056,874)	(19,768,193)
Interest income	147,025	210,426	444,459
Loss on early extinguishment of debt			(1,152,356)
Unrealized gain (loss) on hedging activities	1,493,841	(986,200)	(1,177,871)
Gain on exercise of development right			3,940,000
Gain on involuntary conversion of assets	588,586	179,856	293,534
Net (loss) income before income taxes	(28,512,248)	(48,402,462)	926,088
Income tax (provision) benefit	(27,392)	(5,280,443)	249,480
Net (loss) income	(28,539,640)	(53,682,905)	1,175,568
Declared and undeclared distributions to preferred unit holders	(7,541,891)	(8,755,642)	(7,820,695)
Gain on extinguishment of preferred stock	361,476
Net loss attributable per general and limited partner unit	$ (35,720,055)	$ (62,438,547)	$ (6,645,127)
Net loss per share attributable to common stockholders/general and limited partner unit
Basic	$ (2.08)	$ (3.89)	$ (0.42)
Weighted average number of common shares/general and limited partner units outstanding
Basic	17,186,789	16,065,499	16,011,653
Rooms Department [Member]
REVENUE
Total revenue	$ 88,625,659	$ 49,192,589	$ 128,062,932
Hotel operating expenses
Total hotel operating expenses	22,688,063	15,565,313	32,142,171
Rooms Department [Member] | Sotherly Hotels LP [Member]
REVENUE
Total revenue	88,625,659	49,192,589	128,062,932
Hotel operating expenses
Total hotel operating expenses	22,688,063	15,565,313	32,142,171
Food and Beverage Department [Member]
REVENUE
Total revenue	15,829,487	10,676,646	40,267,240
Hotel operating expenses
Total hotel operating expenses	10,297,461	8,531,411	29,355,080
Food and Beverage Department [Member] | Sotherly Hotels LP [Member]
REVENUE
Total revenue	15,829,487	10,676,646	40,267,240
Hotel operating expenses
Total hotel operating expenses	10,297,461	8,531,411	29,355,080
Other Operating Departments [Member]
REVENUE
Total revenue	23,132,778	11,633,341	17,457,961
Hotel operating expenses
Total hotel operating expenses	8,607,594	5,142,853	6,957,325
Other Operating Departments [Member] | Sotherly Hotels LP [Member]
REVENUE
Total revenue	23,132,778	11,633,341	17,457,961
Hotel operating expenses
Total hotel operating expenses	8,607,594	5,142,853	6,957,325
Indirect [Member]
Hotel operating expenses
Total hotel operating expenses	55,100,245	45,487,308	70,395,633
Indirect [Member] | Sotherly Hotels LP [Member]
Hotel operating expenses
Total hotel operating expenses	$ 55,100,245	$ 45,487,308	$ 70,395,633

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Unearned ESOP Shares [Member]	Distributions in Excess of Retained Earnings [Member]	Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2018	$ 82,266,372	$ 29,621	$ 142,093	$ 147,085,112	$ (4,379,742)	$ (61,052,418)	$ 441,706
Balances, shares, beginning at Dec. 31, 2018		2,962,141	14,209,378
Net income (loss)	1,175,568					1,909,444	(733,876)
Issuance of restricted common stock awards	92,333		$ 130	92,203
Issuance of restricted common stock awards, shares			13,000
Issuance of preferred stock	33,066,665	$ 14,025		33,052,640
Issuance of preferred stock, shares		1,402,469
Conversion of units in Operating Partnership to shares of common stock	265,574		$ 500	266,783			(1,709)
Conversion of units in Operating Partnership to shares of common stock, shares			50,000
Amortization of ESOP shares	261,128			(12,977)	274,105
Amortization of restricted stock award	32,100			32,100
Preferred stock dividends declared	(7,820,695)					(7,820,695)
Common stockholders' dividends and distributions declared	(7,931,874)					(7,027,021)	(904,853)
Balances, ending at Dec. 31, 2019	101,407,171	$ 43,646	$ 142,723	180,515,861	(4,105,637)	(73,990,690)	(1,198,732)
Balances, shares, ending at Dec. 31, 2019		4,364,610	14,272,378
Net income (loss)	(53,682,905)					(49,193,564)	(4,489,341)
Issuance of restricted common stock awards	461,939		$ 1,876	460,063
Issuance of restricted common stock awards, shares			187,583
Issuance of unrestricted common stock awards	14,175		$ 23	14,152
Issuance of unrestricted common stock awards, shares			2,250
Conversion of units in Operating Partnership to shares of common stock			$ 5,616	(505,699)	(322)		500,405
Conversion of units in Operating Partnership to shares of common stock, shares			561,639
Amortization of ESOP shares	205,216			(264,717)	469,933
Amortization of restricted stock award	72,780			72,780
Preferred stock dividends declared	(2,188,910)					(2,188,910)
Common stockholders' dividends and distributions declared	(2,088,161)					(1,927,066)	(161,095)
Balances, ending at Dec. 31, 2020	44,201,305	$ 43,646	$ 150,238	180,292,440	(3,636,026)	(127,300,230)	(5,348,763)
Balances, shares, ending at Dec. 31, 2020		4,364,610	15,023,850
Net income (loss)	(28,539,640)					(26,221,474)	(2,318,166)
Issuance of common stock awards	444,766		$ 1,513	443,253
Issuance of common stock awards, shares			151,281
Conversion of units in Operating Partnership to shares of common stock			$ 328	(2,908,329)			2,908,001
Conversion of units in Operating Partnership to shares of common stock, shares			32,781
Amortization of ESOP shares	172,000			(380,628)	552,628
Amortization of restricted stock award	72,780			72,780
Extinguishment of preferred stock	151,719	$ (3,050)	$ 22,331	132,438
Extinguishment of preferred stock, shares		(305,000)	2,233,146
Balances, ending at Dec. 31, 2021	$ 16,502,930	$ 40,596	$ 174,410	$ 177,651,954	$ (3,083,398)	$ (153,521,704)	$ (4,758,928)
Balances, shares, ending at Dec. 31, 2021		4,059,610	17,441,058

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net (loss) income	$ (28,539,640)	$ (53,682,905)	$ 1,175,568
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	19,909,226	19,896,772	21,637,316
Impairment of investment in hotel properties, net	12,201,461
Amortization of deferred financing costs	1,029,306	572,696	789,525
Amortization of mortgage premium	(24,681)	(24,681)	(24,681)
Gain on exercise of development right			(3,940,000)
Gain on involuntary conversion of assets	(588,586)	(179,856)	(293,534)
Unrealized (gain) loss on hedging activities	(1,493,841)	986,200	1,177,871
(Gain) loss on disposal of assets	(158,286)	136,063	123,739
Loss on early debt extinguishment			1,152,356
ESOP and stock / unit - based compensation	689,547	754,111	385,561
Changes in assets and liabilities:
Accounts receivable	(2,640,487)	3,032,703	1,954,217
Prepaid expenses, inventory and other assets	719,031	(2,197,874)	(162,621)
Deferred income taxes		5,412,084	(280,905)
Accounts payable and other accrued liabilities	1,630,584	15,152,165	(1,364,458)
Advance deposits	(411,131)	(821,265)	(29,945)
Accounts receivable - affiliate		(300,153)	160,801
Net cash provided by (used in) operating activities	2,322,503	(11,263,940)	22,460,810
Cash flows from investing activities:
Acquisitions of hotel properties			(6,346,378)
Improvements and additions to hotel properties	(3,176,841)	(4,015,514)	(12,661,169)
Proceeds from sale of assets	200,500	56,677	4,934
Proceeds from involuntary conversion	588,586	179,856	293,534
Net cash used in investing activities	(2,387,755)	(3,778,981)	(18,709,079)
Cash flows from financing activities:
Proceeds from issuance of preferred stock, net			33,066,665
Proceeds from secured notes		20,000,000
Proceeds from unsecured notes		10,719,100
Redemption / payments of unsecured notes	(3,109,166)		(25,000,000)
Payments on mortgage loans	(6,528,078)	(2,609,861)	(6,633,624)
Payments of deferred financing costs	(19,513)	(1,560,680)	(106,950)
Dividends on common stock and distributions paid		(2,000,418)	(7,859,575)
Preferred dividends paid		(2,188,910)	(7,102,292)
Net cash (used in) provided by financing activities	(9,656,757)	22,359,231	(13,635,776)
Net increase/(decrease) in cash, cash equivalents and restricted cash	(9,722,009)	7,316,310	(9,884,045)
Cash, cash equivalents and restricted cash at the beginning of the period	35,300,546	27,984,236	37,868,281
Cash, cash equivalents and restricted cash at the end of the period	25,578,537	35,300,546	27,984,236
Supplemental disclosures:
Cash paid during the period for interest	19,897,847	9,543,748	19,262,904
Cash paid during the period for income taxes	20,200	(21,078)	(76,104)
Non-cash investing and financing activities:
Change in amount of improvements to hotel property in accounts payable and accrued liabilities	353,028	542,102	347,269
Sotherly Hotels LP [Member]
Cash flows from operating activities:
Net (loss) income	(28,539,640)	(53,682,905)	1,175,568
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	19,909,226	19,896,772	21,637,316
Impairment of investment in hotel properties, net	12,201,461
Amortization of deferred financing costs	1,029,306	572,696	789,525
Amortization of mortgage premium	(24,681)	(24,681)	(24,681)
Gain on exercise of development right			(3,940,000)
Gain on involuntary conversion of assets	(588,586)	(179,856)	(293,534)
Unrealized (gain) loss on hedging activities	(1,493,841)	986,200	1,177,871
(Gain) loss on disposal of assets	(158,286)	136,063	123,739
Loss on early debt extinguishment			1,152,356
ESOP and stock / unit - based compensation	100,465	349,217	451,028
Changes in assets and liabilities:
Accounts receivable	(2,640,487)	3,032,703	1,954,217
Prepaid expenses, inventory and other assets	719,031	(2,197,874)	(162,621)
Deferred income taxes		5,412,084	(280,905)
Accounts payable and other accrued liabilities	1,630,584	15,152,165	(1,364,458)
Advance deposits	(411,131)	(821,265)	(29,945)
Accounts receivable - affiliate		(300,153)	160,801
Net cash provided by (used in) operating activities	1,733,421	(11,668,834)	22,526,277
Cash flows from investing activities:
Acquisitions of hotel properties			(6,346,378)
Improvements and additions to hotel properties	(3,176,841)	(4,015,514)	(12,661,169)
ESOP loan payments received	589,082	463,376	236,780
Proceeds from sale of assets	200,500	56,677	4,934
Proceeds from involuntary conversion	588,586	179,856	293,534
Net cash used in investing activities	(1,798,673)	(3,315,605)	(18,472,299)
Cash flows from financing activities:
Proceeds from issuance of preferred stock, net			33,066,665
Proceeds from secured notes		20,000,000
Proceeds from unsecured notes		10,719,100
Redemption / payments of unsecured notes	(3,109,166)		(25,000,000)
Payments on mortgage loans	(6,528,078)	(2,609,861)	(6,633,624)
Payments of deferred financing costs	(19,513)	(1,560,680)	(106,950)
Distributions on general and limited partnership interests		(2,058,900)	(8,161,822)
Distributions on preferred partnership interests		(2,188,910)	(7,102,292)
Net cash (used in) provided by financing activities	(9,656,757)	22,300,749	(13,938,023)
Net increase/(decrease) in cash, cash equivalents and restricted cash	(9,722,009)	7,316,310	(9,884,045)
Cash, cash equivalents and restricted cash at the beginning of the period	35,300,546	27,984,236	37,868,281
Cash, cash equivalents and restricted cash at the end of the period	25,578,537	35,300,546	27,984,236
Supplemental disclosures:
Cash paid during the period for interest	19,630,506	9,541,533	19,259,838
Cash paid during the period for income taxes	20,200	(21,078)	(76,104)
Non-cash investing and financing activities:
Change in amount of improvements to hotel property in accounts payable and accrued liabilities	$ 353,028	$ 542,102	$ 347,269

Consolidated Statements of Ch_2

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]	Sotherly Hotels LP [Member]Preferred Units [Member]Series D Preferred Units [Member]
Balances, beginning at Dec. 31, 2018		$ 86,656,235	$ 452,165	$ 16,943,816		$ 37,766,531	$ 31,493,723
Balances, units, beginning at Dec. 31, 2018			159,876	15,827,642	2,962,141
Issuance of partnership units		92,333	$ 923	$ 91,410
Issuance of partnership units, number of units			130	12,870
Issuance of preferred units		33,066,665		$ (279,077)			4,968,232	$ 28,377,509
Issuance of preferred units, shares					1,402,469
Amortization of restricted units award	$ 32,100	32,100	$ 321	31,779
Unit based compensation		326,595	3,266	323,329
Preferred units distributions declared		(7,820,695)				(3,220,000)	(2,861,320)	(1,739,375)
Partnership units distributions declared		(7,970,484)	(74,265)	(7,896,218)
Net income (loss)	1,175,568	1,175,568	(66,451)	(6,578,676)		3,220,000	2,861,320	1,739,375
Balances, ending at Dec. 31, 2019		105,558,317	$ 315,959	$ 2,636,363		37,766,531	36,461,955	28,377,509
Balances, units, ending at Dec. 31, 2019			160,006	15,840,512	4,364,610
Issuance of partnership units		476,113	$ 4,761	$ 471,352
Issuance of partnership units, number of units			1,898	187,935
Amortization of restricted units award	72,780	72,780	$ 728	$ 72,052
Unit based compensation		(199,675)	(1,997)	(197,678)
Preferred units distributions declared		(2,188,910)				(805,000)	(765,160)	(618,750)
Partnership units distributions declared		(2,088,161)	(19,271)	(2,068,890)
Net income (loss)	$ (53,682,905)	(53,682,905)	(558,718)	(55,313,097)		805,000	765,160	618,750
Balances, ending at Dec. 31, 2020		47,947,559	$ (258,538)	$ (54,399,898)		37,766,531	36,461,955	28,377,509
Balances, units, ending at Dec. 31, 2020			161,904	16,028,447	4,364,610
Balances, beginning at Dec. 31, 2019		105,558,317	$ 315,959	$ 2,636,363		37,766,531	36,461,955	28,377,509
Balances, units, beginning at Dec. 31, 2019			160,006	15,840,512	4,364,610
Redemption of partnership units, number of units	0
Balances, ending at Dec. 31, 2021		19,660,102	$ (469,805)	$ (75,315,469)		35,420,784	32,474,760	27,549,832
Balances, units, ending at Dec. 31, 2021			185,748	18,389,030	4,059,610
Balances, beginning at Dec. 31, 2020		47,947,559	$ (258,538)	$ (54,399,898)		37,766,531	36,461,955	28,377,509
Balances, units, beginning at Dec. 31, 2020			161,904	16,028,447	4,364,610
Issuance of partnership units		444,766	$ 4,448	$ 440,318
Issuance of partnership units, number of units			1,513	149,768
Amortization of restricted units award	$ 72,780	72,780	$ 728	$ 72,052
Unit based compensation		(417,082)	(4,171)	(412,911)
Extinguishment of preferred units	151,719	151,719	$ 73,124	$ 7,239,214		(2,345,747)	(3,987,195)	(827,677)
Extinguishment of preferred units, shares			22,331	2,210,815	(305,000)
Net income (loss)	$ (28,539,640)	(28,539,640)	$ (285,396)	$ (28,254,244)
Balances, ending at Dec. 31, 2021		$ 19,660,102	$ (469,805)	$ (75,315,469)		$ 35,420,784	$ 32,474,760	$ 27,549,832
Balances, units, ending at Dec. 31, 2021			185,748	18,389,030	4,059,610

Organization and Description of

Organization and Description of Business	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Organization and Description of Business	1. Organization and Description of Business Sotherly Hotels Inc. (the “Company”) is a self-managed and self-administered lodging real estate investment trust (“REIT”) that was incorporated in Maryland on August 20, 2004. The Company historically has 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, 2021, consisted of investments in twelve hotel properties, comprising 3,156 rooms and two hotel commercial condominium units and their associated rental programs. Nine of our hotels operated under the Hilton, DoubleTree, Hyatt and Sheraton brands, and three are independent hotels. 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 substantially 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, 2021, was approximately 93.9% 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 Entities”), each of which is a wholly-owned subsidiary of the Operating Partnership. For the years ended December 31, 2021, 2020, and 2019, the MHI TRS Entities engaged eligible independent hotel management companies, MHI Hotels Services, LLC, which does business as Chesapeake Hospitality (“Chesapeake Hospitality”); Highgate Hotels, L.P. (“Highgate Hotels”); and Our Town Hospitality, LLC (“Our Town”) to operate the hotels under management contracts. MHI Hospitality TRS Holding, Inc. is treated as a taxable REIT subsidiary (“TRS”) for federal income tax purposes. As of December 31, 2021, Our Town was the manager of each of our 12 wholly-owned hotels and our two condominium hotel rental programs. 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. Effects of COVID-19 Pandemic on Our Business In March 2020, the World Health Organization declared COVID-19 to be a global pandemic and the virus has continued to spread throughout the United States and the world. As a result of this pandemic and subsequent government mandates and health official recommendations, hotel demand has been significantly reduced. Following the government mandates and health official recommendations, we significantly reduced operations at all our hotels, suspended operations of our hotel condominium rental programs and dramatically reduced staffing and expenses. Our hotels have been gradually re-introducing guest amenities relative to the return of business while focusing on profit generators and margin control and we intend to continue those re-introductions . COVID-19 had a significant negative impact on our operations and financial results in 2021, including a substantial decline in our revenues, profitability and cash flows from operations compared to similar pre-pandemic periods. While the resurgence of leisure travel demand contributed to improved results for 2021 compared to 2020, business travel demand continues to lag. As a result, although we anticipate further recovery in 2022, the Company cannot estimate with certainty when travel demand will fully recover. The COVID-19 pandemic has also significantly contributed to economic uncertainty and led to disruption and volatility in the global capital markets, which has limited our access to capital. That economic uncertainty could increase our cost of capital during the course of the recovery from the pandemic. Additionally, we sought and obtained forbearance and loan modification agreements with the lenders under the mortgages for all of our hotel properties. See the discussion of forbearance, modifications, and waivers in Note 4. As of December 31, 2021, we failed to meet the financial covenants under the mortgage secured by The Whitehall. We have received a waiver of the financial covenants from the lender on The Whitehall mortgage through June 30, 2022. While the Company believes it will be successful in obtaining waivers, loan modifications or securing refinance arrangements, it cannot provide assurance that it will be able to do so on acceptable terms or at all. Based on our current projections, following the expiration of the waiver on the financial covenants from the mortgage lender on The Whitehall, we do not anticipate that the financial performance of the property will have sufficiently recovered in order to meet the existing covenants. If we fail to obtain additional waivers from the lender, the lender could declare the Company in default under the mortgage loan on that property and require repayment of the outstanding balance. As of December 31, 2021, we had approximately $13.2 million in unrestricted cash and approximately $12.4 million in restricted cash. U.S. generally accepted accounting principles (“U.S. GAAP”) requires that, when preparing financial statements for each annual and interim reporting period, management evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt regarding the Company’s ability to continue as a going concern within one year after the date the financial statements are issued. Due to the uncertainties described above related to future cash flows and resulting compliance with the financial covenants as well as the upcoming maturity of the mortgage on The Whitehall, the Company determined that there is substantial doubt about its ability to continue as a going concern. The consolidated financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. Significant Transactions Significant transactions occurring during the current and two prior fiscal years include the following: On April 18, 2019, the Company closed a sale and issuance of 1,080,000 shares of its 8.25% Series D cumulative redeemable perpetual preferred stock (the “Series D Preferred Stock”), for gross proceeds of $27.0 million before underwriting discounts and commissions and expenses payable by the Company. On May 1, 2019, the Company closed a sale and issuance of an additional 120,000 shares of its Series D Preferred Stock, for gross proceeds of $3.0 million before underwriting discounts and commissions and expenses payable by the Company, in connection with the partial exercise of the underwriters’ option to purchase additional shares of the Series D Preferred Stock. Total net proceeds after all estimated expenses were approximately $28.4 million, which t On April 24, 2019, the Hyde Resort & Residences condominium association, 4111 South Ocean Drive Condominium Association, Inc., unilaterally terminated both (i) the existing Lease Agreement for the 400-space parking garage and meeting rooms associated with the condominium hotel and (ii) the Association Management Agreement relating to the operation and management of the hotel condominium association. We continue to operate our rental program at the Hyde Resort & Residences. On April 26, 2019, the Company On May 20, 2019, the Operating Partnership redeemed the entire $25.0 million aggregate principal amount of its 7.25% Notes, at a redemption price equal to 101% of the principal amount of the 7.25% Notes, plus any accrued and unpaid interest to, but not including, the redemption date. On September 26, 2019, the Company unit consisting of a 3,000 square foot ballroom and adjacent pre-function space, as well as 200 dedicated parking spaces within the parking garage adjacent to the hotel. The Company received PPP Loans administered by the U.S. Small Business Administration pursuant to the CARES Act. Each PPP Loan has a term of five years and carries an interest rate of 1.00%. Equal payments of principal and interest begin no later than 10 months following origination of the loan and are amortized over the remaining term of the loan. Pursuant to the terms of the CARES Act, the proceeds of each PPP Loan may be used for payroll costs, mortgage interest, rent or utility costs. The promissory note for each PPP Loan contains customary events of default relating to, among other things, payment defaults and breach of representations and warranties or of provisions of the relevant promissory note. Under the terms of the CARES Act, each borrower can apply for and be granted forgiveness for all or a portion of the PPP Loan. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds in accordance with the terms of the CARES Act. No assurance is provided that any borrower will obtain forgiveness under any relevant PPP Loan in whole or in part. On April 16, 2020, the Operating Partnership entered into a promissory note with Village Bank in connection with a PPP Loan and received proceeds of $333,500. On April 28, 2020, entered into a promissory note and received proceeds of $9,432,900 under a PPP Loan from Fifth Third Bank, National Association. On May 6, 2020, entered into a second promissory note with Fifth Third Bank, National Association and received proceeds of $952,700 under a PPP Loan. On June 21, 2021, we entered into a Share Exchange Agreement with Palogic Value Fund, L.P., a Delaware limited partnership (“Palogic”). Pursuant to the Share Exchange Agreement, Palogic agreed to exchange 100,000 shares of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock, 85,000 shares of the Company’s 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock, and 35,000 shares of the Company’s 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Palogic Shares”), together with all of Palogic’s rights to receive accrued and unpaid dividends on those Palogic Shares, for 1,542,727 shares of the Company’s common stock, par value $0.01 per share. We closed the transaction and issued the common shares on June 22, 2021. The Company did not receive any cash proceeds as a result of the exchange of the Palogic Shares for the Company’s common stock, and the Palogic Shares exchanged have been retired and cancelled. The issuance of the shares of the Company’s common stock was made by the Company pursuant to the exemption from the registration requirements of the Securities Act contained in Section 3(a)(9) of such act on the basis that these offers constituted an exchange with existing holders of the Company’s securities, and no commission or other remuneration was paid to any party for soliciting such exchange. On November 30, 2021, Raleigh Hotel Associates, LLC, a Delaware limited liability company and an affiliate of the Company, entered into a real estate sale agreement to sell the DoubleTree by Hilton Raleigh-Brownstone University hotel located in Raleigh, North Carolina to CS Acquisition Vehicle, LLC, a Delaware limited liability company, for a purchase price of $42.0 million. The Company intends to use any net cash proceeds from the sale of the hotel to repay the existing mortgage on the property, repay a portion of the secured notes with Kemmons Wilson, to make any required distribution on the Company’s preferred stock related to maintaining the Company’s REIT status, and for general corporate purposes. The closing of the sale of the hotel is subject to various customary closing conditions, including the satisfactory completion of a diligence review of the hotel, the accuracy of representations and warranties through closing, and conditions related to the termination of hotel agreements and leases. On December 9, 2021, we entered into a Share Exchange Agreement with Palogic Value Fund, L.P., a Delaware limited partnership (“Palogic”). Pursuant to the Share Exchange Agreement, Palogic agreed to exchange 75,000 shares of the Company’s 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”), together with all of Palogic’s rights to receive accrued and unpaid dividends on those Series C Preferred Stock shares, for 620,919 shares of the Company’s common stock, par value $0.01 per share. Closing of the transaction occurred on December 9, 2021. The common shares were issued in reliance on the exemption from registration set forth in Section 3(a)(9) of the Securities Act of 1933, as amended, for securities exchanged by an issuer with an existing security holder in a transaction where no commission or other remuneration was be paid or given directly or indirectly for soliciting such an exchange. On December 13, 2021, Louisville Hotel Associates, LLC, a Delaware limited liability company and an affiliate of the Company, entered into a purchase and sale agreement to sell the Sheraton Louisville Riverside hotel located in Jeffersonville, Indiana to Riverside Hotel, LLC, an Indiana limited liability company, for a purchase price of $11.5 million, including the assumption by the Buyer of the mortgage loan on the hotel. On February 10, 2022, the Company closed the sale of the Sheraton Louisville Riverside hotel. There were no net proceeds from the sale.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
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 the accounts of Sotherly Hotels Inc., the Operating Partnership and the MHI TRS Entities. All significant inter-company balances and transactions have been eliminated. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The consolidated financial statements of the Operating Partnership presented herein include all the accounts of Sotherly Hotels LP and the MHI TRS Entities. 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. 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. 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. The Company assesses the carrying values of its investments in hotel properties 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. The COVID-19 pandemic has had, and is expected to continue to have, an adverse impact on the lodging and hospitality industries, which the Company considered to be a triggering event for each of its hotels during its impairment testing for the year ended December 31, 2021. The Company assessed the recoverability of each of its hotel properties which included a projection of future operating cash flows based upon significant assumptions regarding growth rates, occupancy, room rates, economic trends, property-specific operating costs, an allowance for the replacement of furniture, fixtures and equipment and projected cash flows from the eventual disposition of the hotel. The Company also projects cash flows from the eventual disposition of the hotel based upon property-specific capitalization rates. The Company determined that there were two impairments of approximately $12.2 million, as of December 31, 2021. 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. When the carrying value of the asset is greater than the fair value, the Company reduces the carrying value to fair value less selling costs and recognizes an impairment loss. Cash and Cash Equivalents – The Company consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Concentration of Credit Risk – The Company holds 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 monitors, on a regular basis, the financial condition of the financial institutions along with the balances there 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, 2021 and 2020, were approximately $294,390 and $353,872, respectively. Amortization expense for the years ended December 31, 2021, 2020, and 2019 was $59,482, $59,482 and $58,642, respectively. Deferred Financing 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 and unsecured notes, net on the consolidated balance sheets. Deferred offering costs are recorded at cost and consist of offering fees and other costs incurred in advance of 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. Derivative Instruments – Our derivative instruments are reflected as assets or liabilities on the consolidated 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 currently use interest rate caps and an interest rate swap which act as cash flow hedges and are not designated as hedges. We value our interest-rate caps and interest rate swap 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 caps and interest rate swap are the only assets or liabilities measured at fair value on a recurring basis, there were two non-recurring assets and no non-recurring liabilities for fair value measurements as of Level 1 Level 2 Level 3 December 31, 2020 Interest Rate Caps (1) $ — $ 208 $ — Interest Rate Swap (2) $ — $ (3,038,967 ) $ — Mortgage loans (3) $ — $ (364,112,622 ) $ — December 31, 2021 Interest Rate Cap (1) $ — $ 47 $ — Interest Rate Swap (2) $ — $ (1,537,319 ) $ — Mortgage loans (3) $ — $ (355,496,444 ) $ — Investment in Hotel Properties, net (4) $ — $ 23,000,000 $ — Investment in Hotel Properties Held for Sale, net (5) $ — $ 11,063,952 $ — (1) Interest rate caps, which cap the 1-month LIBOR (2) Interest rate swap, which takes the Loan Rate and swaps it for a fixed interest rate of 5.237%; notional amounts of the swap approximate the declining balance of the loan. (3) Mortgage loans are reflected at outstanding principal balance, net of deferred financing costs on our Consolidated Balance Sheets as of December 31, 2021 and 2020. (4) Investment in hotel properties, net, a non-recurring asset, is reflected at appraised value as of December 31, 2021. (5) Investment in hotel properties held for sale, net, a non-recurring asset, is reflected at net realizable value as of December 31, 2021. 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 consists of amounts derived from hotel operations, including the sales of rooms, food and beverage, and other ancillary services. Room revenue is recognized over a customer’s hotel stay. Revenue from food and beverage and other ancillary services is generated when a customer chooses to purchase goods or services separately from a hotel room and revenue is recognized on these distinct goods and services at the point in time or over the time period that goods or services are provided to the customer. Certain ancillary services are provided by third parties and the Company assesses whether it is the principal or agent in these arrangements. If the Company is the agent, revenue is recognized based upon the gross commission earned from the third party. If the Company is the principal, the Company recognizes revenue based upon the gross sales price. Some contracts for rooms or food and beverage services require an upfront deposit which is recorded as advanced deposits (or contract liabilities) shown on our consolidated balance sheets and recognized once the performance obligations are satisfied. Certain of the Company’s hotels have retail spaces, restaurants or other spaces which the Company leases to third parties. Lease revenue is recognized on a straight-line basis over the life of the lease and included in other operating revenues in the Company’s consolidated statements of operations. The Company collects sales, use, occupancy and similar taxes at its hotels which are presented on a net basis on the consolidated statements of operations. Accounts receivable primarily represents receivables from hotel guests who occupy hotel rooms and utilize hotel services. The Company maintains an allowance for doubtful accounts sufficient to cover estimated potential credit losses. 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 $1,671,085, $1,386,874 and $1,456,550, for the years ended December 31, 2021, 2020, and 2019, respectively. A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: December 31, 2022 1,047,956 December 31, 2023 1,051,501 December 31, 2024 1,059,558 December 31, 2025 1,068,195 December 31, 2026 1,040,677 December 31, 2027 and thereafter 6,455,880 Total $ 11,723,767 Lessee Accounting – On January 1, 2019, the Company adopted ASU No. 2016-02, , which relates to the accounting for lease arrangements. The Company’s operating lease agreements are primarily the ground lease on the Hyatt Centric Arlington, the parking garage lease in Hollywood, Florida at the Hyde Beach House, and the corporate office lease. The assets are classified as “right of use assets”, which represent our right to use an underlying asset and the operating lease liability, which represent our obligation to make lease payments arising from the lease, is classified within “accounts payable and other accrued liabilities”. Right of use assets and operating lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Variable lease payments are excluded from the right of use assets and operating lease liabilities are recognized in the period in which the obligation for those payments is incurred. As our leases do not provide an implicit rate, we use our incremental borrowing cost based on information available at the commencement date using our actual borrowing rates commensurate with the lease terms and fully levered borrowing. Extension options on our leases are included in our minimum lease terms when they are reasonably certain to be exercised. 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. The MHI TRS Entities which leases our hotels from subsidiaries of the Operating Partnership, are 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. 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 either 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. As of December 31, 2020, we determined that it is more-likely-than-not that we will not be able to fully utilize our deferred tax assets for future tax consequences; therefore, a 100% valuation allowance is required. As of December 31, 2021, 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, 2021, the tax years that remain subject to examination by the major tax jurisdictions to which the Company is subject generally include 2016 through 2020. In addition, as of December 31, 2021, the tax years that remain subject to examination by the major tax jurisdictions to which the MHI TRS Entities are subject, because of open NOL carryforwards, generally include 2014 through 2020. 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 2013 Long-Term Incentive Plan (the “2013 Plan”), which the Company’s stockholders approved in April 2013, permits the grant of stock options, restricted stock and performance share compensation awards to its employees and directors for up to 750,000 shares of common stock. The Company believes that stock awards align the interests of its employees with those of its stockholders. As of December 31, 2021, under the 2013 Plan, the Company has made cumulative stock awards totaling 517,464 shares, including 50,000 restricted shares to certain executives, directors, and employees, and 467,464 non-restricted shares issued to certain executives, directors and employees. All awards have vested except for 50,000 shares issued to certain executives, which will vest over the next 8 years. 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, 2021, 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 stock-based compensation cost recognized under the 2013 Plan for the years ended December 31, 2021, 2020, and 2019 was $517,546, $548,894 and $124,433, respectively. Additionally, the Company sponsors and maintains an Employee Stock Ownership Plan (“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. For the years ended December 31, 2021, 2020, and 2019 the ESOP compensation cost was $172,000, $175,367 and $274,574, respectively. 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 Company’s consolidated financial statements. Advertising – Advertising costs, to include internet advertising, were $1,971,047, $1,351,538 and $2,042,682 for the years ended December 31, 2021, 2020, and 2019, respectively and are expensed as incurred. Business Interruption Proceeds – Insurance recoveries for business interruption were recognized during the years ended December 31, 2021, 2020, and 2019, for $200,000, $85,517 and $29,747, respectively. The insurance proceeds were reflected in the statement of operations in other operating departments revenues. Involuntary Conversion of Assets – The Company 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, 2021, 2020, and 2019, we recognized $588,586, $179,856 and $293,534, 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. The Company does not have any items of comprehensive income (loss) other than net income (loss). Segment Information – The Company has 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. New Accounting Pronouncements – In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary optional expedients and exceptions to the existing guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). The update provides guidance in accounting for changes in contracts, hedging relationships, and other transactions as a result of this reference rate reform. The option expedients and exceptions contained within this update, in general, only apply to contract amendments and modifications entered into prior to January 1, 2023. The provisions of this update will most likely affect our financial reporting process relating to modifications of contracts with lenders and the hedging contracts associated with each respective modified borrowing contract. In general, the provision of the update would benefit us by allowing modifications of debt contracts with lenders that fall under the guidance of ASC Topic 740 to be accounted for as a non-substantial modification and not be considered debt extinguishment. As of December 31, 2021, the Company has not entered into any contract modification as it directly relates to reference rate reform, with the exception of a modification to the mortgage on the Whitehall in Houston, Texas, which changed the reference rate from LIBOR to the New York Prime Rate. The Company anticipates having to undertake more modifications in the future. While the Company anticipates the impact of this update may be to its benefit, the Company is still evaluating the overall impact.

Investment in Hotel Properties,

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net	12 Months Ended
	Dec. 31, 2021
Real Estate [Abstract]
Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net	3. Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net Investment in hotel properties, net as of December 31, 2021 and 2020, consisted of the following: December 31, 2021 December 31, 2020 Land and land improvements $ 60,395,168 $ 66,088,705 Buildings and improvements 407,310,530 442,063,950 Right of use assets 5,711,607 5,995,438 Furniture, fixtures and equipment 50,505,902 55,796,798 523,923,207 569,944,891 Less: accumulated depreciation and impairment (148,037,983 ) (142,120,306 ) Investment in Hotel Properties, Net $ 375,885,224 $ 427,824,585 Our review of possible impairment during the years ended December 31, 2021 and 2020, resulted in an impairment charge of approximately $12.2 million, related to the Sheraton Louisville Riverside and The Whitehall in Houston, Texas during the year ended December 31, 2021. Investment in hotel properties held for sale, net as of December 31, 2021 and 2020, consisted of the following: December 31, 2021 December 31, 2020 Land and land improvements $ 5,799,197 $ - Buildings and improvements 36,115,121 — Furniture, fixtures and equipment 5,743,949 — 47,658,267 — Less: accumulated depreciation and impairment (24,787,780 ) — Investment in Hotel Properties Held for Sale, Net $ 22,870,487 $ -

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	4. Debt Mortgage Loans, Net. As of December 31, 2021 and 2020, the Company had approximately $351.2 million and approximately $357.5 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 2021 2020 Penalties Date Provisions Rate The DeSoto (1) $ 32,148,819 $ 32,820,733 Yes 7/1/2026 25 years 4.25% DoubleTree by Hilton Jacksonville Riverfront (2) 33,051,316 33,655,483 Yes 7/11/2024 30 years 4.88% DoubleTree by Hilton Laurel (3) 8,175,215 8,654,754 None 5/5/2022 25 years 5.25% DoubleTree by Hilton Philadelphia Airport (4) 40,734,077 41,804,700 None 10/31/2023 30 years LIBOR plus 2.27% DoubleTree by Hilton Raleigh- Brownstone University (5) 18,300,000 18,300,000 Yes 8/1/2022 (5) LIBOR plus 4.00% DoubleTree Resort by Hilton Hollywood Beach (6) 54,253,963 55,878,089 (6) 10/1/2025 30 years 4.913% Georgian Terrace (7) 41,484,732 42,507,512 (7) 6/1/2025 30 years 4.42% Hotel Alba Tampa, Tapestry Collection by Hilton (8) 17,383,397 17,946,480 None 6/30/2022 (8) LIBOR plus 3.75% Hotel Ballast Wilmington, Tapestry Collection by Hilton (9) 32,604,948 33,259,067 Yes 1/1/2027 25 years 4.25% Hyatt Centric Arlington (10) 48,990,136 48,990,136 Yes 10/1/2028 30 years 5.25% Sheraton Louisville Riverside (11) 10,947,366 11,037,086 Yes 12/1/2026 25 years 4.27% The Whitehall (12) 14,551,671 14,697,830 Yes 2/26/2023 25 years PRIME plus 1.25% Total Mortgage Principal Balance $ 352,625,640 $ 359,551,870 Deferred financing costs, net (1,547,004 ) (2,122,822 ) Unamortized premium on loan 92,247 116,929 Total Mortgage Loans, Net $ 351,170,883 $ 357,545,977 (1) The note amortizes on a 25-year schedule after an initial 1 year interest only period (which expired in August 2017) and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (2) The note is subject to a pre-payment penalty until March 2024. Prepayment can be made without penalty thereafter. (3) Prepayment can be made on this note without penalty. On July 15, 2021, we entered into a note modification agreement whereby the maturity date was extended from August 5, 2021 to May 5, 2022. (4) The note bears a floating interest rate of 1-month LIBOR plus 2.27%, but we entered into a swap agreement to fix the rate at 5.237%. Under the swap agreement, notional amounts approximate the declining balance of the loan and we are responsible for any potential termination fees associated with early termination of the swap agreement. (5) The note provided initial proceeds of $18.3 million, with an additional $5.2 million available upon the satisfaction of certain conditions; has an initial term of 4 years with a 1-year extension; bears a floating interest rate of 1-month LIBOR plus 4.00%; requires interest only monthly payments; and following a 12-month lockout, can be prepaid with penalty in year 2 and without penalty thereafter. We entered into an interest-rate cap agreement to limit our exposure through August 1, 2022 to increases in LIBOR exceeding 3.25% on a notional amount of $23,500,000. (6) With limited exception, the note may not be prepaid prior to June 2025. (7) With limited exception, the note may not be prepaid prior to February 2025. (8) The note bears a floating interest rate of 1-month LIBOR plus 3.75% subject to a floor rate of 3.75%; with monthly principal payments of $26,812; the note provides that the mortgage can be extended for two additional periods of one year each, subject to certain conditions. (9) The note amortizes on a 25-year schedule after an initial interest-only period of one year and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (10) Following a 5-year lockout, the note can be prepaid with penalty in years 6-10 and without penalty during the final 4 months of the term. (11) The note bears a fixed interest rate of 4.27% for the first 5 years of the loan. The lender exercised its option to reset the interest rate after 5 years to 5.25% effective December 1, 2021. With the approval of the lender, the loan can be assumed by the purchaser of the property. (12) The note bears a floating interest rate of New York Prime Rate plus 1.25% and is subject to prepayment penalty of 2.0% if prepaid after April 12, 2021 but on or before April 12, 2022 and 1.0% if prepaid after April 12, 2022 but on or before November 26, 2022. Pre-payment can be made without penalty thereafter. Mortgage Forbearance Agreements. During 2020 and 2021, the Company entered into various forbearance and loan modification agreements with the lenders for our mortgage loans secured by our hotels. Below is a summary of those agreements for each hotel. The DeSoto Starting on April 1, 2020, we entered into a series of note modification agreements with the mortgage lender for The DeSoto pursuant to which we agreed with the lender on the following: (a) deferral of scheduled principal and interest payments due from April 1, 2020 to September 1, 2020, provided that interest continued to accrue during that period; (b) additional deferral of scheduled principal and interest payments due February 1, 2021, provided that interest also continued to accrue during that period; (c) a payment of interest only on March 1, 2021 in the amount of $116,240; (d) waiver of certain FF&E requirements until February 28, 2021; (e) to pay all deferred principal and interest amounts at maturity; and (f) a guarantee by the Operating Partnership of payment of up to 5.0% of all present and future indebtedness under the loan. The maturity date under the loan modification remains unchanged. As a condition to the loan modification, the borrowing entity, agreed to not declare, set aside or pay any distribution or dividend until the later of March 1, 2021 or the resumption of regular principal and interest payments. DoubleTree by Hilton Jacksonville Riverfront On April 21, 2020, we entered into a letter agreement pursuant to which the lender agreed to the following: (a) the April, May, and June 2020 principal and interest payments were paid out of FF&E reserves; (b) FF&E deposits were deferred for the April, May, and June 2020 payment dates; and (c) released FF&E and the deferred FF&E was repaid in 6 monthly installments ending with the December 2020 payment. The maturity date under the loan modification remains unchanged. DoubleTree by Hilton Laurel Starting on March 24, 2020, we entered into a series of deferral and note modification agreements with the mortgage lender for the DoubleTree by Hilton Laurel pursuant to which we agreed with the lender to the following: (a) an initial deferral of scheduled payments of principal and interest due from April 5, 2020 to September 5, 2020; (b) an additional deferral of scheduled payments of principal only from November 5, 2020 to March 5, 2021; (c) subsequent payments are required to be applied first toward current and deferred interest and then toward principal; and (d) any and all deferred principal is due and payable at maturity. On July 15, 2021, we entered into a note modification agreement pursuant to which we agreed with the lender to the following: (i) the maturity date was extended by nine months, to May 5, 2022; (ii) commencing August 5, 2021 and continuing on the fifth day of each calendar month thereafter, the borrowing entity will pay monthly installments in the amount of $64,475; and (iii) the interest on the principal balance of the note shall accrue at a rate of 5.25%. Concurrently with the execution of the Note Modification Agreement, the borrowing entity paid lender the deferred interest accumulated on the loan from April 2020 through September 2020 in the amount of $226,859. All other terms of the mortgage remain unchanged. A nominal amount in cash consideration was provided in exchange for the note modifications and the lender also waived compliance with the debt service coverage ratio covenant as of December 31, 2020. DoubleTree by Hilton Philadelphia Airport We have agreed wi th the lender to the following: (a) deferral of scheduled principal through June 1, 2021; (b) payment of regular principal and interest to resume on July 1, 2021; (c) remaining deferred interest is to be paid in 12 equal installments beginning April 1, 2021; (d) deferred principal to be repaid on a quarterly basis out of the excess of Hotel EBITDA after reserves over Actual Debt Service beginning with the quarter ending March 31, 2022, or at maturity; ( . The maturity date was extended by 3 months, or until October 31, 2023 DoubleTree by Hilton Raleigh-Brownstone University Beginning on May 4, 2020, we entered into a series of forbearance and loan modification agreements with the mortgage lender for the DoubleTree by Hilton Raleigh-Brownstone University pursuant to which t he lender agreed to the following: (a) deferral of scheduled interest payments due from April 1, 2020 to July 31, 2021; (b) a one- fee of $236,375 made in January 2021 and applied to deferred interest; (c) deferral of the FF&E reserve deposit from April 2020 until July 2021; and (d) remainder of deferred interest, along with additional accrued interest on interest, is due and payable by , DoubleTree Resort by Hilton Hollywood Beach On April 30, 2021, we entered into a loan modification and reinstatement agreement with the mortgage lender for the DoubleTree Resort by Hilton Hollywood Beach pursuant to which we agreed with the lender to amend and reinstate the promissory note and loan agreement on revised terms. Under the amended loan agreement and promissory note we paid to the lender contemporaneously with the closing of the amendment and reinstatement an aggregate amount of approximately $4.0 million made up of (i) tax and insurance reserves required to be funded in certain reserve accounts in the aggregate amount of approximately $2.5 million; (ii) a lump sum payment of approximately $1.3 million in respect of amounts owed by us relating to payments for the period from January through March 2021; (iii) certain FF&E reserve amounts required to be deposited with the lender; and (iv) certain other fees and expenses. In addition, we agreed to (a) begin regular monthly payments on May 1, 2021; (b) pay the aggregate amount owed by the borrowing entity relating to deferred monthly payments for the period from April through December 2020 in 24 equal monthly installments of $119,591 beginning on January 1, 2021 and continuing through December 2022; and (c) certain other amended terms, including to restrict the borrowing entity under the promissory note from making any distributions until all such deferred payments have been made. Also, the lender agreed to certain accommodations, including the waiver of the cash sweep period trigger for a period of time and to forbear collection of default interest and late payment charges accrued and unpaid under the original loan agreement and promissory note, provided that in the event of a future default those amounts will become due immediately and the waivers will no longer be effective. Georgian Terrace On October 8, 2020, the lender agreed to the release of approximately $1.1 million from the FF&E reserve to fund up to 50% of (a) shortfall between gross revenues and operating expenses for the period April through July 31, 2020, and (b) scheduled payments of debt service, deposits to the real estate tax escrow and insurance expenses for the period April through August 2020. So long as there is no event of default under the terms of the loan agreement, lender agreed to defer deposits into the FF&E reserve account between November 2020 and April 2021. As consideration to entering into the loan modification agreement, the Operating Partnership agreed to guarantee full and prompt payment of the released reserves amounts. The FF&E reserve was replenished in November 2021. Hotel Alba Tampa Starting on May 14, 2020 , . Hotel Ballast Wilmington The lender has agreed to the following: (a) deferral of scheduled principal payments due from April 1, 2020 to March 1, 2021; (b) deferral of scheduled payments of interest from April 1, 2020 to September 1, 2020; (c) waiver of FF&E requirement until March 1, 2021; (d) deferred principal and interest will be due and payable at maturity; and (e) payment of up to 5.0% of the indebtedness under the loan is guaranteed by the Operating Partnership. The maturity date under the loan modification remains unchanged. As a condition to the modification the borrowing entity cannot declare, set aside or pay any distributions or dividends until the later of (i) March 1, 2021 or (ii) the resumption of regular principal and interest payments. Hyatt Centric Arlington Starting on July 15, 2020 , we entered into a series of loan modification agreements, pursuant to which t he lender agreed to the following : (a) deferral of scheduled payments of principal and interest due from April 1, 2020 to March 31, 2021 ; (b) deferral of scheduled payments of principal d ue from April 1, 2021 to December 31 , 2021 ; (c) loan balance to be re-amortized as of January 1, 2022 ; (d) deferred principal and interest, along with additional accrued interest on interest, is due and payable by July 1, 2022 ; (e) $ 147,765 drawn from the reserve account to be replenished in full by December, 2021 ; and (f) wavier of the requirement to make deposits into FF&E reserve from April 2020 to April 1, 2021 . As a condition to the effectiveness of the first modification, the borrowing entity under the loan paid (i) $ 50,000 to be deposited into the ground lease reserve account and (ii) $ 426,620 to be deposited into an escrow for impositions. As a condition to the effectiveness of the second modification, the borrowing entity paid (i) an additional $ 47,500 to be deposited into the ground lease reserve account and (ii) a one-time fee of $ 100,000 to be deposited into an escrow for impositions. Until the borrowing entity under the loan has fully repaid the deferred monthly payment and replenished the FF&E reserves account and the PPP loan is no longer outstanding, the borrowing entity is not permitted make any distributions without prior written consent of the lender . Sheraton Louisville Riverside The lender has agreed to the following: (a) deferral of scheduled payments of interest due from May 1, 2020 to July 1, 2020; (b) deferral of scheduled payments of principal due from May 1, 2020 to April 1, 2021; (c) subsequent payments were required to be applied first toward current and deferred interest and then toward principal; and (d) any deferred principal is due and payable at maturity. The maturity date under the loan modification remains unchanged. We sold the hotel on February 10, 2022. The Whitehall We entered into two forbearance agreement pursuant to which t he l . As of December 31, 2021, the Company failed to meet certain financial covenants under the mortgages secured by the DoubleTree by Hilton Jacksonville Riverfront, the Hotel Alba, and The Whitehall. has received waivers of the financial covenants from the lender on the DoubleTree by Hilton Jacksonville Riverfront through December 31, 2022 and from the lender on The Whitehall mortgage through June 30, 2022. We expect to receive a waiver from the lender on the Hotel Alba for the period ended December 31, 2021. Total future mortgage debt maturities, without respect to any extension of loan maturity, as of December 31, 2021 were as follows: December 31, 2022 50,240,539 December 31, 2023 60,577,528 December 31, 2024 37,215,958 December 31, 2025 92,307,285 December 31, 2026 67,463,140 December 31, 2027 and thereafter 44,821,190 Total future maturities $ 352,625,640 PPP Loans . The Operating Partnership and certain of its subsidiaries have received PPP Loans administered by the U.S. Small Business Administration pursuant to the CARES Act. Each PPP Loan has a term of five years and carries an interest rate of 1.00%. Equal payments of principal and interest begin no later than 10 months following origination of the loan and are amortized over the remaining term of the loan. Pursuant to the terms of the CARES Act, the proceeds of each PPP Loan may be used for payroll costs, mortgage interest, rent or utility costs. The promissory note for each PPP Loan contains customary events of default relating to, among other things, payment defaults and breach of representations and warranties or of provisions of the relevant promissory note. Under the terms of the CARES Act, each borrower can apply for and be granted forgiveness for all or a portion of the PPP Loan. Such forgiveness will be determined, subject to limitations, based on the use of loan proceeds in accordance with the terms of the CARES Act. No assurance is provided that any borrower will obtain forgiveness under any relevant PPP Loan in whole or in part. On April 16, 2020, the Operating Partnership entered into a promissory note with Village Bank in connection with a PPP Loan and received proceeds of $333,500. On April 28, 2020, the Company entered into a promissory note and received proceeds of $9,432,900 under a PPP Loan from Fifth Third Bank, National Association. On May 6, 2020, the Company entered into a second promissory note with Fifth Third Bank, National Association and received proceeds of $952,700 under a PPP Loan. As of December 31, 2021 and 2020, the Company had principal balances outstanding which totaled approximately $7.6 million and $10.7 million, respectively. Secured Notes Financing . On December 31, 2020, we entered into the following agreements with KW, as collateral agent and an investor, and MIG, as an investor: (i) a Note Purchase Agreement with KW and MIG; (ii) a Secured Note with KW in the amount of $10.0 million and a Secured Note with MIG in the amount of $10.0 million; (iii) a Pledge and Security Agreement with KW; (iv) a Board Observer Agreement with KW; and (v) other ancillary agreements. These agreements constitute a transaction whereby the Investors purchased $20.0 million in Secured Notes from the Operating Partnership with an option to require the Investors to purchase an additional $10.0 million in Secured Notes on the terms and subject to the conditions described below, which option has now expired. Note Purchase Agreement On December 31, 2020, the Operating Partnership and the Company entered into the Note Purchase Agreement with KW and MIG, pursuant to which: (i) we agreed to issue and sell, and the Investors agreed to purchase, the Secured Notes with an aggregate face amount of US $20 million and on the terms described below; (ii) KW and MIG granted us an option, subject to certain conditions and exercisable by us on or before the first anniversary of the first closing date, pursuant to which we may issue and sell a second note to each of the Investors with an aggregate face amount of $10.0 million on substantially the same terms as the initial Secured Notes; (iii) the Company agreed to fully and unconditionally guaranty the obligations of the Operating Partnership; (iv) we entered into the Pledge Agreement and Board Observer Agreement as described below; (v) we agreed to provide certain representations and warranties to the Investors; and (vi) we agreed to use the net proceeds to support the continued operation of the business conducted by the Operating Partnership. We were required to pay a 1% origination fee on the amount of the initial Secured Notes in connection with the first closing and a 1% commitment fee on the committed amount of the Second Secured Notes. Secured Notes On December 31, 2020, the Operating Partnership issued and sold initial Secured Notes to the Investors in the amount of $20.0 million. The Secured Notes: (i) have a maturity date of December 30, 2023, with a one-year pari passu with other notes issued under the Note Purchase Agreement and senior to all other indebtedness of the Operating Partnership. The Secured Notes requires us to maintain certain cash management standards and include a broad range of covenants restricting our ability to incur additional debt, make dividend payments, transfer or acquire assets, or exceed our 2019 employee compensation levels. They also require us to maintain certain financial thresholds, including limitations on our accounts payable and capital expenditures. Upon an event of default or liquidity event described in the Secured Notes, the holders of the Secured Notes have the right to require and approve our selection of one or more of our hotel properties for disposition or refinancing in order to cure an event of default or liquidity event based on a process set forth in the Secured Notes. In addition, the Secured Notes are redeemable by the holder in full upon an event of default or a change of control transaction. Pledge Agreement On December 31, 2020, certain subsidiaries of the Operating Partnership entered into the Pledge Agreement with KW, pursuant to which we agreed to pledge and grant to KW a first priority security interest in the equity interests, including certain voting rights, of our affiliates that own The DeSoto hotel, Hotel Ballast Wilmington, and the DoubleTree by Hilton Philadelphia Airport hotel. Upon an uncured monetary event of default under the Secured Notes, KW, as collateral agent, has a right to sell, lease or otherwise dispose of or realize upon the Pledged Collateral in order to satisfy any amounts outstanding under the Secured Notes.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	5. Commitments and Contingencies Ground, Building and Submerged Land Leases – We lease 2,086 square feet of commercial space next to The 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 five-year We lease, as landlord, the entire fourteenth floor of the Savannah hotel property to The Chatham Club, Inc. under a ninety-nine- year We lease land adjacent to the Hotel Alba Tampa, Tapestry Collection by Hilton for use as parking under a five-year We leased 5,216 square feet of commercial office space in Williamsburg, Virginia under an agreement, as amended, that commenced September 1, 2009 and expired on December 31, 2019. Rent expense for the year ended December 31, 2019 was $107,936. We lease approximately 8,500 square feet of commercial office space in Williamsburg, Virginia under an agreement with a ten-year We lease the land underlying all of the Hyatt Centric Arlington hotel pursuant to a ground lease. The ground lease requires us to make rental payments of $50,000 per year in base rent and percentage rent equal to 3.5% of gross room revenue in excess of certain thresholds, as defined in the ground lease agreement. The initial term of the ground lease expires in 2025. We have exercised our option on the first of five renewal periods of 10 years each. Rent expense for the years ended December 31, 2021, 2020, and 2019, was $232,588, $153,019 and $881,605, respectively. We entered into a 20-year parking and cabana management agreement for the parking garage and poolside cabanas associated with the Hyde Beach House. The parking and cabana management agreement, which is treated for accounting purposes as an embedded lease, requires us to make rental payments of $270,100 per year in base rent. The initial term of the parking garage and cabana lease expires in 2039 and may be extended for four additional renewal periods of 5 years each. We also lease certain furniture and equipment under financing arrangements expiring by June 2022. A schedule of minimum future lease payments for the following twelve-month periods is as follows: December 31, 2022 683,693 December 31, 2023 671,883 December 31, 2024 663,585 December 31, 2025 663,877 December 31, 2026 656,534 December 31, 2027 and thereafter 14,100,246 Total $ 17,439,818 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, 202 1 , all twelve of our wholly-owned hotels operated under management agreements with Our Town (see Note 9). The management agreements expire on March 31, 2025 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. As of April 1, 2020, the DoubleTree Resort by Hilton Hollywood Beach and the rental program and condominium association of the Hyde Resort & Residences and the Hyde Beach House Resort & Residences operated under management agreements with Our Town . As of October 14, 2020, we entered into a hotel management agreement, effective as of November 15, 2020, with Our Town for the management of the Hyatt Centric Arlington. On November 15, 2020, the management of the Hyatt Centric Arlington was transitioned from Highgate Hotels, L.P. to Our Town. Following the transition, Our Town manages each of the Company’s twelve wholly-owned hotels, as well as our two condominium hotel rental programs . Franchise Agreements – As of December 31, 2021, 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 3.0% and 5.0% of room revenues, plus additional fees for marketing, central reservation systems, and other franchisor programs and services that amount to between 3.0% and 4.0% of gross revenues from the hotels. The franchise agreements currently expire between November 2021 and March 2038. 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 Hotel Ballast, The DeSoto, the DoubleTree by Hilton Raleigh Brownstone-University, the DoubleTree by Hilton Jacksonville Riverside, the DoubleTree Resort by Hilton Hollywood Beach, the Hyatt Centric Arlington and the Georgian Terrace an amount equal to one-twelfth (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 Hotel Ballast, The DeSoto, the DoubleTree by Hilton Raleigh Brownstone–University, the DoubleTree by Hilton Jacksonville Riverside, the DoubleTree Resort by Hilton Hollywood Beach, The Whitehall and the Georgian Terrace and equal 4.0% of room revenues for the DoubleTree by Hilton Philadelphia Airport and the Hyatt Centric Arlington 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. 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. 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 adverse impact on our financial condition or results of operations or cash flows.

Preferred Stock and Units

Preferred Stock and Units	12 Months Ended
	Dec. 31, 2021
Preferred Stock And Units [Abstract]
Preferred Stock and Units	6. Preferred Stock and Units Preferred Stock - The Company is authorized to issue up to 11,000,000 shares of preferred stock. The following table sets forth our Cumulative Redeemable Perpetual Preferred Stock by series: Per Number of Shares Quarterly Annum Liquidation Issued and Outstanding as of Distributions Preferred Stock - Series Rate Preference December 31, 2021 December 31, 2020 Per Share Series B Preferred Stock 8.000 % $ 25.00 1,510,000 1,610,000 $ 0.500000 Series C Preferred Stock 7.875 % $ 25.00 1,384,610 1,554,610 $ 0.492188 Series D Preferred Stock 8.250 % $ 25.00 1,165,000 1,200,000 $ 0.515625 The Company pays cumulative cash distributions on the preferred stock at rates in the above table per annum of the $25.00 liquidation preference per share. Holders of the Company’s preferred stock are entitled to receive distributions when authorized by the Company’s board of directors out of assets legally available for the payment of distributions. The 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. As previously announced, the record dates for the dividends on the Company’s Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock that were to be paid April 15, 2020 to stockholders of record as of March 31, 2020 have each been declared and the record date and the payment of dividends on all classes of the Company’s preferred stock has been deferred. As of December 31, 202 1 , there are undeclared and cumulative preferred dividends, of approximately $ 14.3 million. In April and May 2019, the Company issued 1,200,000 shares of Series D Preferred Stock, for net proceeds after all estimated expenses of approximately $28.4 million. The Company contributed the net proceeds from the offering to its Operating Partnership for an equivalent number of Series D Preferred Units. On August 31, 2018, the Company entered into a Sales Agency Agreement, with Sandler O’Neill, under which the Company may sell from time to time through Sandler O’Neill, as sales agent, up to 400,000 shares of the Company’s 7.875% Series C Cumulative Redeemable Preferred Stock, $0.01 par value per share. Through the period ended December 31, 2018, the Company sold 52,141 shares of Series C Preferred Stock, for net proceeds of approximately $1.0 million. During September 2019, the Company issued and sold 202,469 shares of Series C Preferred Stock, for net proceeds after all estimated expenses of approximately $4.9 million, pursuant to the Sales Agency Agreement. The Company contributed the net proceeds from the offering to its Operating Partnership for an equivalent number of Series C Preferred Units. Preferred Units – The Company is the holder of the Operating Partnership’s preferred partnership units and is entitled to receive distributions when authorized by the general partner of the Operating Partnership out of assets legally available for the payment of distributions. The following table sets forth our Cumulative Redeemable Perpetual Preferred Units by series: Per Number of Units Quarterly Annum Liquidation Issued and Outstanding as of Distributions Preferred Units - Series Rate Preference December 31, 2021 December 31, 2020 Per Unit Series B Preferred Units 8.000 % $ 25.00 1,510,000 1,610,000 $ 0.500000 Series C Preferred Units 7.875 % $ 25.00 1,384,610 1,554,610 $ 0.492188 Series D Preferred Units 8.250 % $ 25.00 1,165,000 1,200,000 $ 0.515625 The Company pays cumulative cash distributions on the preferred units at rates in the above table per annum of the $25.00 liquidation preference per unit. The Company, which is the holder of the Operating Partnership’s preferred units is entitled to receive distributions when authorized by the Operating Partnership’s general partner out of assets legally available for the payment of distributions. The preferred units are not redeemable by the holder, have no maturity date and are not convertible into any other security of the Operating Partnership or its affiliates. As previously announced, the record dates for the dividends on the Operating Partnership’s Series B Preferred Units, Series C Preferred Units, and Series D Preferred Units that were to be paid April 15, 2020 to unitholders of record as of March 31, 2020 have each been declared and the record date and the payment of dividends on all classes of the Operating Partnership’s preferred units has been deferred. As of December 31, 2021, there are undeclared and cumulative preferred distributions to the Company from the Operating Partnership of approximately $14.3 million. In April and May 2019, the Operating Partnership issued 1,200,000 shares of 8.25% Series D Preferred Units, for net proceeds after all estimated expenses of approximately $28.4 million. In September and December 2018, the Operating Partnership issued 52,141 units of 7.875% Series C Preferred Units, for net proceeds after all estimated expenses of approximately $1.0 million. The following table presents the quarterly distributions by the Operating Partnership declared and payable per Quarter Ended 2019 2020 2021 March 31, $ 0.500000 $ 0.500000 $ — June 30, $ 0.500000 $ — $ — September 30, $ 0.500000 $ — $ — December 31, $ 0.500000 $ — $ — The following table presents the quarterly distributions by the Operating Partnership declared and payable per Series C Preferred Unit and dividends by the Company declared and payable per share of Series C Preferred Stock, for the years ended December 31, 2021, 2020, and 2019: Quarter Ended 2019 2020 2021 March 31, $ 0.492188 $ 0.492188 $ — June 30, $ 0.492188 — $ — September 30, $ 0.492188 $ — $ — December 31, $ 0.492188 $ — $ — (1) The following table presents the quarterly distributions by the Operating Partnership declared and payable per Series D Preferred Unit and dividends by the Company declared and payable per share of Series D Preferred Stock, for the years ended December 31, 2021, 2020, and 2019: Quarter Ended 2019 2020 2021 March 31, $ — $ 0.515625 $ — June 30, $ 0.418230 (1) $ — $ — September 30, $ 0.515625 $ — $ — December 31, $ 0.515625 $ — $ — (1) The initial quarterly distribution for the Series D Preferred Stock paid on July 15, 2019 was pro-rated per the terms of the security in the amount of $0.41823 per share. As of December 31, 2021, there were unpaid preferred dividends and distributions of $2,037,192.

Common Stock and Units

Common Stock and Units	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Common Stock and Units	7. Common Stock and Units Common Stock – The Company is authorized to issue up to 69,000,000 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. Authorization for the repurchase program expired on December 31, 2020. Cumulative through December 31, 2020 the Company repurchased 882,820 shares of common stock for approximately $5.9 million and the repurchased shares have been returned to the status of authorized but unissued shares of common stock. The following is a list of issuances during the years ended December 31, 2021, 2020, and 2019 of the Company’s common stock: On December 16, 2021, one holder of units in the Operating Partnership redeemed 32,681 units for an equivalent number of shares in the Company’s common stock. On December 9, 2021, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company agreed to exchange 75,000 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 620,919 shares of the Company’s common stock. We closed the transaction and issued the common stock on December 9, 2021. On December 3, 2021, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company agreed to exchange 10,000 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 69,500 shares of the Company’s common stock. We closed the transaction and issued the common stock on December 9, 2021. On June 21, 2021, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company agreed to exchange 100,000 shares of the Company’s Series B Preferred Stock, 85,000 shares of the Company’s Series C Preferred Stock, and 35,000 shares of the Company’s Series D Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 1,542,727 shares of the Company’s common stock. We closed the transaction and issued the common stock on June 22, 2021. On February 4, 2021, one holder of units in the Operating Partnership redeemed 100 units for an equivalent number of shares in the Company’s common stock. On February 4, 2021, the Company was issued 136,281 units in the Operating Partnership and awarded shares of unrestricted stock to its employees. On February 4, 2021, the Company was issued 15,000 units in the Operating Partnership and awarded shares of restricted stock to its independent directors. On December 17, 2020, The Company issued 127,583 units in the Operating Partnership and awarded shares of restricted stock to its independent directors and employees. On December 1, 2020, one holder of units in the Operating Partnership redeemed 15,000 units for an equivalent number of shares in the Company’s common stock On May 1, 2020, one holder of units in the Operating Partnership redeemed 57,687 units for an equivalent number of shares in the Company’s common stock. On February 23, 2020, the Company was issued 17,250 units in the Operating Partnership and awarded 15,000 shares of restricted stock and 2,250 shares of unrestricted stock to its independent directors. On January 1, 2020, two holders of units in the Operating Partnership redeemed 488,952 units for an equivalent number of shares in the Company’s common stock. On January 1, 2020, the Company was issued 45,000 units in the Operating Partnership and awarded 45,000 shares of restricted stock to two of its employees. On October 1, 2019, one holder of units in the Operating Partnership redeemed 50,000 units for an equivalent number of shares of the Company’s common stock. On February 11, 2019, the Company was issued 12,750 units in the Operating Partnership and awarded shares of restricted stock to its independent directors. On February 22, 2019, the Company was issued 250 units in the Operating Partnership and awarded shares of restricted stock to an independent director. As of December 31, 2021 and 2020, the Company had 17,441,058 and 15,023,850 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. Since January 1, 2019, there have been no issuances or redemptions, of units in the Operating Partnership other than the issuances of units in the Operating Partnership to the Company described above. As of December 31, 2021 and 2020, the total number of Operating Partnership units outstanding was 18,574,778 and 16,190,351, respectively. As of December 31, 2021 and 2020, the total number of outstanding units in the Operating Partnership not owned by the Company was 1,133,720 and 1,166,501, respectively, with a fair market value of approximately $2.4 million and approximately $2.9 million, respectively, based on the price per share of the common stock on such respective dates. Common Stock Dividends and Unit Distributions – The following table presents the quarterly stock dividends and unit distributions by us declared and payable per common stock/unit for the years ended December 31, 2021, 2020, and 2019: Quarter Ended 2019 2020 2021 March 31, $ 0.125 $ 0.130 $ - June 30, $ 0.130 - - September 30, $ 0.130 - - December 31, $ 0.130 - - As of December 31, 2021, there were unpaid common dividends and distributions to holders of record as of March 13, 2020 in the amount of $2,088,160

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	8. Related Party Transactions Our Town Hospitality. Our Town is currently the management company for each of our eleven wholly-owned hotels, as well as the manager of our rental programs at the Hyde Resort & Residences and the Hyde Beach House Resort & Residences. As of December 31, 2021, Our Town was a majority-owned subsidiary of Newport Hospitality Group, Inc (“Newport”) and Andrew M. Sims, our Chairman, and David R. Folsom, our President and Chief Executive Officer, beneficially owned approximately 48.5% and 1.4%, respectively, of the total outstanding ownership interests of Our Town . On February 25, 2022, Andrew M. Sims, our Chairman, and David R. Folsom, our President and Chief Executive Officer increased their beneficial ownership to approximately 51.3% and 1.5%, respectively, of the total outstanding ownership interests of Our Town. Both Mr. Sims and Mr. Folsom serve as directors of Our Town and have certain governance rights . In the event of a conflict with Newport regarding the appointment of an independent director, Mr. Sims and Mr. Folsom have a tiebreaking vote to appoint the independent director of Our Town. The following is a summary of the transactions between Our Town and us Accounts Receivable – At December 31, 2021 and 2020, we were due approximately $0.2 million and $0.7 million, respectively, from Our Town Hospitality. Management Agreements – On September 6, 2019, the Company entered into a master agreement with Newport and Our Town related to the management of ten of our hotels. On December 13, 2019, we entered into an amendment to the master agreement (as amended, the “OTH Master Agreement”), as well as a series of individual hotel management agreements for the management of those ten of our hotels. On April 1, 2020, Our Town became the manager of our DoubleTree Resort by Hilton Hollywood Beach hotel, as well as the manager for our rental programs at the Hyde Resort & Residences and the Hyde Beach House Resort & Residences. On November 15, 2020, Our Town became the manager of our Hyatt Centric Arlington hotel. The hotel management agreements for each of our 12 wholly-owned hotels and the two rental programs are referred to as, individually an “OTH Hotel Management Agreement” and, together the “OTH Hotel Management Agreements”. The Company agreed to provide Our Town with initial working capital of up to $1.0 million as an advance on the management fees that we will owe to Our Town under the OTH Hotel Management Agreements. The advanced funds were to be offset against future management fees otherwise payable to Our Town by means of a 25% reduction in such fees each month during 2020. At December 31, 2020, unreimbursed management fee advances totaled $549,900. On June 4, 2021, the OTH Master Agreement and the related credit agreement were amended to provide for an increase in the balance outstanding under the credit agreement of $299,900 in satisfaction for an equivalent portion of unrepaid management fee advances and to provide for a guaranteed minimum incentive management fee of $250,000 for calendar year 2021 in satisfaction of the remainder of unrepaid management fee advances. As of December 31, 2021, and December 31, 2020, Sotherly had advanced $0 and approximately $0.6 million, respectively, to Our Town as initial working capital. In addition, the OTH Master Agreement provides for an adjustment to the fees payable by us under the OTH Hotel Management Agreements in the event the net operating income of Our Town falls below $250,000 for any calendar year beginning on or after January 1, 2021. The OTH Master Agreement expires on March 31, 2025 but shall be extended beyond 2025 for such additional periods as an OTH Hotel Management Agreement remains in effect. The base management fees for each hotel under management with Our Town is 2.50%. For any new individual hotel management agreements, Our Town 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. For the years ended December 31, 2021 and 2020, the management fees earned by Our Town under the contract were approximately $3.4 million and $1.5 million, respectively. Sublease – On December 13, 2019, we entered into a sublease agreement with Our Town pursuant to which Our Town subleases 2,245 square feet of office space from Sotherly for a period of 5 years, with a 5-year renewal subject to approval by Sotherly, on terms and conditions similar to the terms of the prime lease entered into by Sotherly and the third-party owner of the property. For the years ended December 31, 2021 and 2020 , the Company received rent income from Our Town of approximately $ 144,452 and $ 158,454 , respectively. Credit Agreement – On December 13, 2019, we entered into a credit agreement with Our Town effective January 1, 2020, pursuant to which Sotherly agreed to provide Our Town with a working capital line of credit. The original agreement allowed Our Town to borrow up to $500,000. Our Town was allowed to draw against the line of credit from time to time prior to January 1, 2021. The credit agreement was amended by the parties on June 4, 2021 such that (i) the maximum amount of credit available is capped at $894,900; (ii) the total amount of advances, as of June 4, 2021, was agreed to be $894,900; (iii) no additional advances are permitted; (iv) principal payments are required to be made by the borrower in the amount of $100,000 on each of December 31, 2021 through 2025; (v) the maturity date was extended to December 31, 2026; and (vi) the aggregate unpaid principal amount and another other obligations are required to be paid at maturity. In addition, an affiliate of Mr. Sims entered into a conditional financing commitment with Our Town to provide funding to permit repayment of the loan in the event the principal balance of the loan made to Our Town under the credit agreement has not been repaid prior to maturity and Sotherly declines to extend the maturity date. Interest accrued on the outstanding balance at 3.5% per annum and was payable quarterly in arrears. In the event of a default under the credit agreement, the Company had the right to offset any outstanding unpaid balance against amounts it owed to Our Town under the OTH Hotel Management Agreements. As of December 31, 2021 and 2020, the outstanding credit balance under the credit agreement was $0 and approximately $0.6 million, respectively. Employee Medical Benefits – We purchase employee medical benefits through Our Town (or its affiliate) for those employees that are employed by Our Town that work exclusively for our properties, starting January 1, 2020. For the years ended December 31, 2021 and 2020, the employer portion of the plan covering those employees that work exclusively at our properties under our management agreements with Our Town was approximately $2.8 million and $2.9 million, respectively. Chesapeake Hospitality. Chesapeake Hospitality is owned and controlled by individuals including Kim E. Sims and Christopher L. Sims, each a former director of Sotherly and a sibling of our Chairman, Andrew M. Sims. As of December 31, 2021, Andrew M. Sims, Kim E. Sims and Christopher L. Sims, beneficially owned, directly or indirectly, 0%, approximately 24.8%, and 24.8%, respectively, of the total outstanding ownership interests of Chesapeake Hospitality. Kim E. Sims and Christopher L. Sims are currently officers and employees of Chesapeake Hospitality. Prior to November 2019, Andrew M. Sims, owned approximately 19.3% of the total outstanding ownership interests of Chesapeake Hospitality, all of which have since been sold. The following is a summary of the transactions between Chesapeake Hospitality and us: Management Agreements – Chesapeake Hospitality was the management company for our DoubleTree Resort by Hilton Hollywood Beach hotel, the Hyde Resort & Residences, and the Hyde Beach House Resort & Residences until April 1, 2020. Effective April 1, 2020, Chesapeake no longer serves as manager for any of our properties and management of the remaining properties that had been managed by Chesapeake was transitioned to Our Town. Upon termination of the last remaining individual hotel management agreements with Chesapeake, the Chesapeake master agreement automatically terminated in accordance with its terms. Prior to January 1, 2020, Chesapeake Hospitality was the manager for each of our hotels that we wholly-owned at December 31, 2021 and 2020, with the exception of the Hyatt Centric Arlington, under various hotel management agreements. On January 1, 2020, the management agreements for ten of our wholly-owned hotels expired. Those hotels are now managed by Our Town as described above. In connection with the termination of those ten Chesapeake management agreements, we paid approximately $0.2 million in termination fees. On December 15, 2014, we entered into a master agreement and a series of individual hotel management agreements with Chesapeake Hospitality that became effective on January 1, 2015. The terminated master agreement had an initial term of five-years Base management fees earned by Chesapeake Hospitality totaled $0, $241,332 and $4,803,185 for the years ended December 31, 2021, 2020, and 2019, respectively. In addition, incentive management fees of $0, $(40,375) and $164,168 were expensed for the years ended December 31, 2021, 2020, and 2019, respectively. Employee Medical Benefits – Prior to January 1, 2020, we purchased employee medical benefits through Maryland Hospitality, Inc. (d/b/a MHI Health), an affiliate of Chesapeake Hospitality for those employees employed by Chesapeake Hospitality that worked exclusively for our hotel properties managed by Chesapeake Hospitality. Gross premiums for employee medical benefits paid by the Company (before offset of employee co-payments) were $0, approximately $0.2 million and $5.6 million for the years ended December 31, 2021, 2020, and 2019, respectively. Workers’ Compensation Insurance – Prior to January 1, 2020, pursuant to our management agreements with Chesapeake Hospitality, we paid the premiums for workers’ compensation insurance under a self-insured policy owned by Chesapeake Hospitality or its affiliates, and which covers those employees of Chesapeake Hospitality that worked exclusively for the properties managed by Chesapeake Hospitality. For the years ended December 31, 2021, 2020, and 2019, we paid $0, approximately $ 0.1 million and $ 1.0 million, respectively, in premiums for the portion of the plan covering those employees that worked exclusively for our properties under our management agreements with Chesapeake Hospitality. Other Related Parties – The Company employs Andrew M. Sims, Jr. the son of our Chairman, who currently serves as Vice President – Operations & Investor Relations; Ashley S Kirkland, daughter of our Chairman, as Corporate Counsel and Compliance Officer; and Robert E. Kirkland IV, Ms. Kirkland’s husband, who currently serves as General Counsel, as employees. Compensation, including benefits, for the years ended December 31, 2021, 2020, and 2019 totaled $462,809, $464,218 and $415,005, respectively. On December 16, 2021, a trust controlled in part by our Chairman redeemed 32,681 units for an equivalent number of share of the Company’s common stock, pursuant to the terms of the partnership agreement. On May 1, 2020, one former member of our Board of Directors redeemed 57,867 units, for an equivalent number of shares of the Company’s common stock, pursuant to the terms of the partnership agreement. On January 1, 2020, another previous member of our Board of Directors redeemed 410,000 units for an equivalent number of shares of the Company’s common stock, pursuant to the terms of the partnership agreement. During the years ending December 31, 2021, 2020, and 2019, the Company reimbursed $0, $0 and $119,907, respectively, to a partnership controlled by our Chairman, Andrew M. Sims for business-related air travel pursuant to the Company’s travel reimbursement policy.

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2021
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	9. Retirement Plans 401(k) Plan - The Company maintains a 401(k) plan for qualified employees. Prior to May 16, 2020, the plan was subject to “safe harbor” provisions requiring that we match 100.0% of the deferral equal to 3.0% of eligible employee compensation and 50.0% of the deferral equal to the next 2.0% of eligible employee compensation. All employer matching funds vested immediately in accordance with the “safe harbor” provisions. For the year ended December 31, 2021, the Company elected to make a discretionary contribution of 3.0% of eligible employee compensation in order to comply with requirements associated with top-heavy plans. Contributions to the plan for the years ended December 31, 2021, 2020, and 2019 were $53,474, $42,841 and $72,438, respectively. Employee Stock Ownership Plan - The Company adopted an ESOP effective January 1, 2016, which is a non-contributory defined contribution plan covering all employees of the Company. The ESOP is a leveraged ESOP, with funds 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 maintain aggregate borrowings of 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. Coincident with the loan between the Company and the ESOP, the Operating Partnership entered into a loan with the Company to facilitate borrowings between the Company and the ESOP. 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 approximately $4.9 million. 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 are accounted for at fair value on the date of allocation. A total of 247,606 and 170,419 shares with a fair value of $517,496 and $426,048 remained allocated or committed to be released from the suspense account as of December 31, 2021 and 2020, respectively. The Company recognized compensation cost of $172,000, $175,367 and $219,645 during the twelve months ended December 31, 2021, 2020 and 2019, respectively. The remaining 431,697 unallocated shares have an approximate fair value of $0.9 million, as of December 31, 2021. At December 31, 2021, the ESOP held a total of 247,606 allocated shares, no committed-to-be-released shares and 431,697 unallocated shares. Dividends received by the ESOP on allocated and unallocated shares are used to pay down the loan from the Company. The share allocations are accounted for at fair value on the date of allocation as follows: December 31, 2021 December 31, 2020 Number of Shares Fair Value Number of Shares Fair Value Allocated shares 247,606 $ 517,496 170,419 $ 426,048 Committed to be released shares - - - - Total Allocated and Committed-to-be-Released 247,606 $ 517,496 170,419 $ 426,048 Unallocated shares 431,697 902,247 509,069 1,272,672 Total ESOP Shares 679,303 $ 1,419,743 679,488 $ 1,698,720

Indirect Hotel Operating Expens

Indirect Hotel Operating Expenses	12 Months Ended
	Dec. 31, 2021
Other Income And Expenses [Abstract]
Indirect Hotel Operating Expenses	10. Indirect Hotel Operating Expenses Indirect hotel operating expenses consists of the following expenses incurred by the hotels: 2021 2020 2019 Sales and marketing $ 11,684,933 $ 8,094,085 $ 16,857,613 General and administrative 10,533,201 10,542,495 15,401,458 Repairs and maintenance 7,362,334 5,490,145 7,939,836 Utilities 5,309,637 4,817,508 6,282,218 Property taxes 6,131,271 7,014,472 7,044,085 Management fees, including incentive 3,620,071 1,822,359 5,259,194 Franchise fees 3,321,352 2,042,902 4,706,459 Insurance 3,596,153 3,097,245 3,303,366 Information and telecommunications 3,048,495 2,271,266 2,558,489 Other 492,798 294,831 1,042,915 Total indirect hotel operating expenses $ 55,100,245 $ 45,487,308 $ 70,395,633

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The components of the provision for (benefit from) income taxes for the years ended December 31, 2021, 2020, and 2019 are as follows: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Current: Federal $ — $ (125,587 ) $ (125,587 ) State 27,392 (6,054 ) 157,012 27,392 (131,641 ) 31,425 Deferred: Federal (149,704 ) (7,576,931 ) (244,360 ) State (38,580 ) (1,705,939 ) (36,545 ) Subtotals (188,284 ) (9,282,870 ) (280,905 ) Change in deferred tax valuation allowance 188,284 14,694,954 — — 5,412,084 (280,905 ) $ 27,392 $ 5,280,443 $ (249,480 ) 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, 2021 December 31, 2020 December 31, 2019 Statutory federal income tax provision $ (5,987,572 ) $ (10,164,517 ) $ 194,479 Effect of non-taxable REIT loss 6,026,152 17,156,953 (564,426 ) State income tax provision (11,188 ) (1,711,993 ) 120,467 $ 27,392 $ 5,280,443 $ (249,480 ) Deferred income taxes are recognized for temporary differences between the financial reporting bases of asset and liabilities and their respective tax bases and for operating losses and tax credit carryforwards based on enacted tax rates expected to be in effect when such amounts are realized. However, deferred tax assets are recognized only to the extent that it is more likely than not that they will be realizable based on consideration of available evidence, including future reversal of taxable temporary differences, projected taxable income and tax planning strategies. Due to the economic uncertainty the COVID-19 pandemic has produced upon tax-planning strategies and projections for future taxable income over the periods in which the deferred tax assets are realizable, as of December 31, 2021 , the Company believes is not more likely than not that the Company will realize the benefits of these assets. Therefore, the Company has determined that a full valuation allowance should be recorded against the deferred tax asset. The amount of the deferred tax assets considered unrealizable, however, could change in the future based on revised estimates of future taxable income during the carryforward period. The significant components of our deferred tax asset as of December 31, 2021 2020 and 2019, are as follows: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Deferred tax asset: Net operating loss carryforwards $ 14,270,273 $ 14,409,456 $ 4,988,283 Accrued compensation 337,630 108,595 335,621 Accrued expenses and other 246,742 128,257 19,427 Intangible assets 28,593 48,647 68,753 Less: Valuation allowance (14,883,238 ) (14,694,955 ) — Total $ — $ — $ 5,412,084

Loss per Share and per Unit

Loss per Share and per Unit	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Loss per Share and per Unit	12. Loss per Share and per Unit 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 loss. The shares of the Series B Preferred Stock, Series C Preferred Stock, and Series D 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 431,697, 509,069 and 574,816 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, for the years ended December 31, 2021, 2020 and 2019, respectively. The effect of allocated and committed to be released shares during the years ended December 31, 2021, 2020 and 2019, 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 loss available to common stockholders for basic computation. The computation of the Company’s basic net loss per share is presented below: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Numerator Net loss attributable to common stockholders for basic computation $ (33,401,889 ) $ (57,949,206 ) $ (5,911,251 ) Denominator Weighted average number of common shares outstanding 16,021,811 14,866,197 14,233,513 Weighted average number of Unearned ESOP Shares (490,128 ) (554,148 ) (590,940 ) Total weighted average number of common shares outstanding for basic computation 15,531,684 14,312,049 13,642,573 Basic net loss per share $ (2.15 ) $ (4.05 ) $ (0.43 ) Loss Per Unit . The Series B Preferred Units, Series C Preferred Units, and Series D Preferred Units are not convertible into or exchangeable for any other property or securities of the Operating Partnership, except upon the occurrence of a change of control and have been excluded from the diluted earnings per unit calculation as there would be no impact on the current unitholders. The number of non-committed, unearned shares in the Company’s ESOP have no impact on the calculation of the loss per unit in the Operating Partnership. The computation of basic loss per general and limited partnership unit in the Operating Partnership is presented below: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Numerator Net loss attributable to general and limited partnership unitholders for basic computation $ (35,720,055 ) $ (62,438,547 ) $ (6,645,127 ) Denominator Weighted average number of general and limited partnership units outstanding 17,186,789 16,065,499 16,011,653 Basic net loss per general and limited partnership unit $ (2.08 ) $ (3.89 ) $ (0.42 )

Quarterly Operating Results - U

Quarterly Operating Results - Unaudited	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results - Unaudited	13. Quarterly Operating Results - Unaudited Quarters Ended 2021 March 31 June 30 September 30 December 31 Total revenue $ 22,635,532 $ 34,383,309 $ 35,493,126 $ 35,075,957 Total operating expenses 24,717,808 31,240,158 32,706,524 46,978,440 Net operating loss (2,082,276 ) 3,143,151 2,786,602 (11,902,483 ) Net loss (7,575,624 ) (1,553,970 ) (2,528,221 ) (16,881,825 ) Net loss attributable to common shareholders (9,064,995 ) (2,810,603 ) (4,317,081 ) (17,209,210 ) Loss per share attributable to common shareholders– basic and diluted $ (0.62 ) $ (0.19 ) $ (0.27 ) $ (1.05 ) Net loss available to operating partnership unitholders (9,764,534 ) (2,990,241 ) (4,607,249 ) (18,358,031 ) Loss per unit attributable to operating partnership unitholders– basic and diluted $ (0.60 ) $ (0.18 ) $ (0.26 ) $ (1.02 ) Quarters Ended 2020 March 31 June 30 September 30 December 31 Total revenue $ 37,208,465 $ 5,293,907 $ 14,414,478 $ 14,585,726 Total operating expenses 39,011,968 16,723,112 21,824,217 23,692,949 Net operating income (1,803,503 ) (11,429,205 ) (7,409,739 ) (9,107,223 ) Net income(loss) (13,332,205 ) (16,301,070 ) (11,039,271 ) (13,010,359 ) Net loss attributable to common shareholders (14,323,699 ) (17,124,612 ) (12,259,908 ) (14,240,987 ) Loss per share attributable to common shareholders– basic and diluted $ (1.01 ) $ (1.20 ) $ (0.86 ) $ (0.98 ) Net loss available to operating partnership unitholders (15,521,115 ) (18,489,980 ) (13,228,181 ) (15,199,271 ) Loss per unit attributable to operating partnership unitholders– basic and diluted $ (0.97 ) $ (1.15 ) $ (0.82 ) $ (0.95 )

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On January 21, 2022, the Company issued 15,000 restricted shares of common stock to its independent directors and 168,037 vested shares of common stock to its independent directors, officers, and employees. On December 13, 2021 Louisville Hotel Associates, LLC, an affiliate of the Company, entered into a purchase and sale agreement to sell the Sheraton Louisville Riverside hotel located in Jeffersonville, Indiana to Riverside Hotel, LLC for a purchase price of $11.5 million. On February 10, 2022, the transactions contemplated by the purchase and sale agreement were completed. The purchase price included the buyer’s assumption of the existing mortgage loan on the hotel and, following that assumption and certain transaction costs and expenses, the Company did not receive any net proceeds from the sale . On February 15, 2022, the Company issued 7,231 shares of common stock to one of its employees. On March 24, 2022, we entered into a privately-negotiated share exchange agreement. Pursuant to the share exchange agreement, the Company agreed to exchange 7,000 shares of the Company’s Series B Preferred Stock and 3,000 shares of the Company’s Series C Preferred Stock, together with all of the rights to receive accrued and unpaid dividends on those preferred shares, for 96,900 shares of the Company’s common stock. We closed the transaction and issued the common stock on March 25, 2022.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2021
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, 2021 (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 The DeSoto – Savannah, Georgia $ 32,149 $ 600 $ 13,562 $ 813 $ 20,398 $ 1,413 $ 33,960 $ 35,373 $ (14,248 ) 1968 2004 3-39 years DoubleTree by Hilton Jacksonville Riverfront – Jacksonville, Florida 33,051 7,090 14,604 148 7,375 7,238 21,979 29,217 (9,549 ) 1970 2005 3-39 years DoubleTree by Hilton Laurel – Laurel, Maryland 8,175 900 9,443 71 5,784 971 15,227 16,198 (6,376 ) 1985 2004 3-39 years DoubleTree by Hilton Philadelphia Airport – Philadelphia, Pennsylvania 40,734 2100 22,031 399 7,099 2,499 29,130 31,629 (12,997 ) 1972 2004 3-39 years DoubleTree by Hilton Raleigh Brownstone – University – Raleigh, North Carolina 18,300 815 7,416 3,795 6,849 4,610 14,265 18,875 (7,455 ) 1971 2004 3-39 years DoubleTree Resort by Hilton Hollywood Beach - Hollywood Beach, Florida 54,254 22,865 67,660 634 8,612 23,499 76,272 99,771 (13,341 ) 1972 2015 3-39 years Georgian Terrace – Atlanta, Georgia 41,485 10,128 45,386 (1,251 ) 6,521 8,877 51,907 60,784 (11,441 ) 1911 2014 3-39 years Hotel Alba Tampa, Tapestry Collection by Hilton – Tampa, Florida 17,383 4,153 9,670 1,773 25,985 5,926 35,655 41,581 (11,740 ) 1973 2007 3-39 years Hotel Ballast Wilmington, Tapestry Collection by Hilton – Wilmington, North Carolina 32,605 785 16,829 1,153 14,872 1,938 31,701 33,639 (15,134 ) 1970 2004 3-39 years Hyatt Centric Arlington - Arlington, Virginia 48,990 191 70,369 79 1,739 270 72,108 72,378 (7,146 ) 2018 3-39 years Sheraton Louisville Riverside – Jeffersonville, Indiana 10,947 782 6,891 407 14,959 1,189 21,850 23,039 (12,619 ) 1972 2006 3-39 years The Whitehall – Houston, Texas 14,552 7,374 22,185 164 7,187 7,538 29,372 36,910 (6,975 ) 1963 2013 3-39 years Hyde Resort & Residences - 226 4,290 - - 226 4,290 4,516 (541 ) 2016 2017 3-39 years Hyde Beach House Resort & Residences - - 5,710 - - - 5,710 5,710 (333 ) 2019 2019 3-39 years $ 352,625 $ 58,009 $ 316,046 $ 8,185 $ 127,380 $ 66,194 $ 443,426 $ 509,620 $ (129,895 ) (1) RECONCILIATION OF REAL ESTATE AND ACCUMULATED DEPRECIATION RECONCILIATION OF REAL ESTATE Balance at December 31, 2019 $ 504,300 Acquisitions — Improvements 4,066 Disposal of Assets (213 ) Balance at December 31, 2020 $ 508,153 Acquisitions — Improvements 2,147 Disposal of Assets (680 ) Balance at December 31, 2021 $ 509,620 RECONCILIATION OF ACCUMULATED DEPRECIATION Balance at December 31, 2019 $ 97,537 Current Expense 14,355 Impairment — Disposal of Assets (134 ) Balance at December 31, 2020 $ 111,758 Current Expense 14,474 Impairment 12,201 Disposal of Assets (8,538 ) Balance at December 31, 2021 $ 129,895

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation – The consolidated financial statements of the Company presented herein include all the accounts of Sotherly Hotels Inc., the Operating Partnership and the MHI TRS Entities. All significant inter-company balances and transactions have been eliminated. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. The consolidated financial statements of the Operating Partnership presented herein include all the accounts of Sotherly Hotels LP and the MHI TRS Entities. 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.
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.
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. The Company assesses the carrying values of its investments in hotel properties 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. The COVID-19 pandemic has had, and is expected to continue to have, an adverse impact on the lodging and hospitality industries, which the Company considered to be a triggering event for each of its hotels during its impairment testing for the year ended December 31, 2021. The Company assessed the recoverability of each of its hotel properties which included a projection of future operating cash flows based upon significant assumptions regarding growth rates, occupancy, room rates, economic trends, property-specific operating costs, an allowance for the replacement of furniture, fixtures and equipment and projected cash flows from the eventual disposition of the hotel. The Company also projects cash flows from the eventual disposition of the hotel based upon property-specific capitalization rates. The Company determined that there were two impairments of approximately $12.2 million, as of December 31, 2021.
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. When the carrying value of the asset is greater than the fair value, the Company reduces the carrying value to fair value less selling costs and recognizes an impairment loss.
Cash and Cash Equivalents	Cash and Cash Equivalents – The Company 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 – The Company holds 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 monitors, on a regular basis, the financial condition of the financial institutions along with the balances there 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, 2021 and 2020, were approximately $294,390 and $353,872, respectively. Amortization expense for the years ended December 31, 2021, 2020, and 2019 was $59,482, $59,482 and $58,642, respectively.
Deferred Financing Costs	Deferred Financing 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 and unsecured notes, net on the consolidated balance sheets. Deferred offering costs are recorded at cost and consist of offering fees and other costs incurred in advance of 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.
Derivative Instruments	Derivative Instruments – Our derivative instruments are reflected as assets or liabilities on the consolidated 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 currently use interest rate caps and an interest rate swap which act as cash flow hedges and are not designated as hedges. We value our interest-rate caps and interest rate swap 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 caps and interest rate swap are the only assets or liabilities measured at fair value on a recurring basis, there were two non-recurring assets and no non-recurring liabilities for fair value measurements as of Level 1 Level 2 Level 3 December 31, 2020 Interest Rate Caps (1) $ — $ 208 $ — Interest Rate Swap (2) $ — $ (3,038,967 ) $ — Mortgage loans (3) $ — $ (364,112,622 ) $ — December 31, 2021 Interest Rate Cap (1) $ — $ 47 $ — Interest Rate Swap (2) $ — $ (1,537,319 ) $ — Mortgage loans (3) $ — $ (355,496,444 ) $ — Investment in Hotel Properties, net (4) $ — $ 23,000,000 $ — Investment in Hotel Properties Held for Sale, net (5) $ — $ 11,063,952 $ — (1) Interest rate caps, which cap the 1-month LIBOR (2) Interest rate swap, which takes the Loan Rate and swaps it for a fixed interest rate of 5.237%; notional amounts of the swap approximate the declining balance of the loan. (3) Mortgage loans are reflected at outstanding principal balance, net of deferred financing costs on our Consolidated Balance Sheets as of December 31, 2021 and 2020. (4) Investment in hotel properties, net, a non-recurring asset, is reflected at appraised value as of December 31, 2021. (5) Investment in hotel properties held for sale, net, a non-recurring asset, is reflected at net realizable value as of December 31, 2021.
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 – Revenue consists of amounts derived from hotel operations, including the sales of rooms, food and beverage, and other ancillary services. Room revenue is recognized over a customer’s hotel stay. Revenue from food and beverage and other ancillary services is generated when a customer chooses to purchase goods or services separately from a hotel room and revenue is recognized on these distinct goods and services at the point in time or over the time period that goods or services are provided to the customer. Certain ancillary services are provided by third parties and the Company assesses whether it is the principal or agent in these arrangements. If the Company is the agent, revenue is recognized based upon the gross commission earned from the third party. If the Company is the principal, the Company recognizes revenue based upon the gross sales price. Some contracts for rooms or food and beverage services require an upfront deposit which is recorded as advanced deposits (or contract liabilities) shown on our consolidated balance sheets and recognized once the performance obligations are satisfied. Certain of the Company’s hotels have retail spaces, restaurants or other spaces which the Company leases to third parties. Lease revenue is recognized on a straight-line basis over the life of the lease and included in other operating revenues in the Company’s consolidated statements of operations. The Company collects sales, use, occupancy and similar taxes at its hotels which are presented on a net basis on the consolidated statements of operations. Accounts receivable primarily represents receivables from hotel guests who occupy hotel rooms and utilize hotel services. The Company maintains an allowance for doubtful accounts sufficient to cover estimated potential credit losses.
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 $1,671,085, $1,386,874 and $1,456,550, for the years ended December 31, 2021, 2020, and 2019, respectively. A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: December 31, 2022 1,047,956 December 31, 2023 1,051,501 December 31, 2024 1,059,558 December 31, 2025 1,068,195 December 31, 2026 1,040,677 December 31, 2027 and thereafter 6,455,880 Total $ 11,723,767
Lessee Accounting	Lessee Accounting – On January 1, 2019, the Company adopted ASU No. 2016-02, , which relates to the accounting for lease arrangements. The Company’s operating lease agreements are primarily the ground lease on the Hyatt Centric Arlington, the parking garage lease in Hollywood, Florida at the Hyde Beach House, and the corporate office lease. The assets are classified as “right of use assets”, which represent our right to use an underlying asset and the operating lease liability, which represent our obligation to make lease payments arising from the lease, is classified within “accounts payable and other accrued liabilities”. Right of use assets and operating lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Variable lease payments are excluded from the right of use assets and operating lease liabilities are recognized in the period in which the obligation for those payments is incurred. As our leases do not provide an implicit rate, we use our incremental borrowing cost based on information available at the commencement date using our actual borrowing rates commensurate with the lease terms and fully levered borrowing. Extension options on our leases are included in our minimum lease terms when they are reasonably certain to be exercised.
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. The MHI TRS Entities which leases our hotels from subsidiaries of the Operating Partnership, are 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. 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 either 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. As of December 31, 2020, we determined that it is more-likely-than-not that we will not be able to fully utilize our deferred tax assets for future tax consequences; therefore, a 100% valuation allowance is required. As of December 31, 2021, 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, 2021, the tax years that remain subject to examination by the major tax jurisdictions to which the Company is subject generally include 2016 through 2020. In addition, as of December 31, 2021, the tax years that remain subject to examination by the major tax jurisdictions to which the MHI TRS Entities are subject, because of open NOL carryforwards, generally include 2014 through 2020. 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 2013 Long-Term Incentive Plan (the “2013 Plan”), which the Company’s stockholders approved in April 2013, permits the grant of stock options, restricted stock and performance share compensation awards to its employees and directors for up to 750,000 shares of common stock. The Company believes that stock awards align the interests of its employees with those of its stockholders. As of December 31, 2021, under the 2013 Plan, the Company has made cumulative stock awards totaling 517,464 shares, including 50,000 restricted shares to certain executives, directors, and employees, and 467,464 non-restricted shares issued to certain executives, directors and employees. All awards have vested except for 50,000 shares issued to certain executives, which will vest over the next 8 years. 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, 2021, 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 stock-based compensation cost recognized under the 2013 Plan for the years ended December 31, 2021, 2020, and 2019 was $517,546, $548,894 and $124,433, respectively. Additionally, the Company sponsors and maintains an Employee Stock Ownership Plan (“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. For the years ended December 31, 2021, 2020, and 2019 the ESOP compensation cost was $172,000, $175,367 and $274,574, respectively. 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 Company’s consolidated financial statements.
Advertising	Advertising – Advertising costs, to include internet advertising, were $1,971,047, $1,351,538 and $2,042,682 for the years ended December 31, 2021, 2020, and 2019, respectively and are expensed as incurred.
Business Interruption Coverage	Business Interruption Proceeds – Insurance recoveries for business interruption were recognized during the years ended December 31, 2021, 2020, and 2019, for $200,000, $85,517 and $29,747, respectively. The insurance proceeds were reflected in the statement of operations in other operating departments revenues.
Involuntary Conversion of Assets	Involuntary Conversion of Assets – The Company 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, 2021, 2020, and 2019, we recognized $588,586, $179,856 and $293,534, 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. The Company does not have any items of comprehensive income (loss) other than net income (loss).
Segment Information	Segment Information – The Company has 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.
New Accounting Pronouncements	New Accounting Pronouncements – In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform – Facilitation of the Effects of Reference Rate Reform on Financial Reporting , which provides temporary optional expedients and exceptions to the existing guidance on contract modifications and hedge accounting to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). The update provides guidance in accounting for changes in contracts, hedging relationships, and other transactions as a result of this reference rate reform. The option expedients and exceptions contained within this update, in general, only apply to contract amendments and modifications entered into prior to January 1, 2023. The provisions of this update will most likely affect our financial reporting process relating to modifications of contracts with lenders and the hedging contracts associated with each respective modified borrowing contract. In general, the provision of the update would benefit us by allowing modifications of debt contracts with lenders that fall under the guidance of ASC Topic 740 to be accounted for as a non-substantial modification and not be considered debt extinguishment. As of December 31, 2021, the Company has not entered into any contract modification as it directly relates to reference rate reform, with the exception of a modification to the mortgage on the Whitehall in Houston, Texas, which changed the reference rate from LIBOR to the New York Prime Rate. The Company anticipates having to undertake more modifications in the future. While the Company anticipates the impact of this update may be to its benefit, the Company is still evaluating the overall impact.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
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 caps and interest rate swap are the only assets or liabilities measured at fair value on a recurring basis, there were two non-recurring assets and no non-recurring liabilities for fair value measurements as of Level 1 Level 2 Level 3 December 31, 2020 Interest Rate Caps (1) $ — $ 208 $ — Interest Rate Swap (2) $ — $ (3,038,967 ) $ — Mortgage loans (3) $ — $ (364,112,622 ) $ — December 31, 2021 Interest Rate Cap (1) $ — $ 47 $ — Interest Rate Swap (2) $ — $ (1,537,319 ) $ — Mortgage loans (3) $ — $ (355,496,444 ) $ — Investment in Hotel Properties, net (4) $ — $ 23,000,000 $ — Investment in Hotel Properties Held for Sale, net (5) $ — $ 11,063,952 $ — (1) Interest rate caps, which cap the 1-month LIBOR (2) Interest rate swap, which takes the Loan Rate and swaps it for a fixed interest rate of 5.237%; notional amounts of the swap approximate the declining balance of the loan. (3) Mortgage loans are reflected at outstanding principal balance, net of deferred financing costs on our Consolidated Balance Sheets as of December 31, 2021 and 2020. (4) Investment in hotel properties, net, a non-recurring asset, is reflected at appraised value as of December 31, 2021. (5) Investment in hotel properties held for sale, net, a non-recurring asset, is reflected at net realizable value as of December 31, 2021.
Schedule of Minimum Future Lease Payments Receivable	A schedule of minimum future lease payments receivable for the following twelve-month periods is as follows: December 31, 2022 1,047,956 December 31, 2023 1,051,501 December 31, 2024 1,059,558 December 31, 2025 1,068,195 December 31, 2026 1,040,677 December 31, 2027 and thereafter 6,455,880 Total $ 11,723,767

Investment in Hotel Propertie_2

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Real Estate [Abstract]
Schedule of Investment in Hotel Properties, Net	Investment in hotel properties, net as of December 31, 2021 and 2020, consisted of the following: December 31, 2021 December 31, 2020 Land and land improvements $ 60,395,168 $ 66,088,705 Buildings and improvements 407,310,530 442,063,950 Right of use assets 5,711,607 5,995,438 Furniture, fixtures and equipment 50,505,902 55,796,798 523,923,207 569,944,891 Less: accumulated depreciation and impairment (148,037,983 ) (142,120,306 ) Investment in Hotel Properties, Net $ 375,885,224 $ 427,824,585
Schedule of Investment in Hotel Properties Held for Sale, Net	Investment in hotel properties held for sale, net as of December 31, 2021 and 2020, consisted of the following: December 31, 2021 December 31, 2020 Land and land improvements $ 5,799,197 $ - Buildings and improvements 36,115,121 — Furniture, fixtures and equipment 5,743,949 — 47,658,267 — Less: accumulated depreciation and impairment (24,787,780 ) — Investment in Hotel Properties Held for Sale, Net $ 22,870,487 $ -

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
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 2021 2020 Penalties Date Provisions Rate The DeSoto (1) $ 32,148,819 $ 32,820,733 Yes 7/1/2026 25 years 4.25% DoubleTree by Hilton Jacksonville Riverfront (2) 33,051,316 33,655,483 Yes 7/11/2024 30 years 4.88% DoubleTree by Hilton Laurel (3) 8,175,215 8,654,754 None 5/5/2022 25 years 5.25% DoubleTree by Hilton Philadelphia Airport (4) 40,734,077 41,804,700 None 10/31/2023 30 years LIBOR plus 2.27% DoubleTree by Hilton Raleigh- Brownstone University (5) 18,300,000 18,300,000 Yes 8/1/2022 (5) LIBOR plus 4.00% DoubleTree Resort by Hilton Hollywood Beach (6) 54,253,963 55,878,089 (6) 10/1/2025 30 years 4.913% Georgian Terrace (7) 41,484,732 42,507,512 (7) 6/1/2025 30 years 4.42% Hotel Alba Tampa, Tapestry Collection by Hilton (8) 17,383,397 17,946,480 None 6/30/2022 (8) LIBOR plus 3.75% Hotel Ballast Wilmington, Tapestry Collection by Hilton (9) 32,604,948 33,259,067 Yes 1/1/2027 25 years 4.25% Hyatt Centric Arlington (10) 48,990,136 48,990,136 Yes 10/1/2028 30 years 5.25% Sheraton Louisville Riverside (11) 10,947,366 11,037,086 Yes 12/1/2026 25 years 4.27% The Whitehall (12) 14,551,671 14,697,830 Yes 2/26/2023 25 years PRIME plus 1.25% Total Mortgage Principal Balance $ 352,625,640 $ 359,551,870 Deferred financing costs, net (1,547,004 ) (2,122,822 ) Unamortized premium on loan 92,247 116,929 Total Mortgage Loans, Net $ 351,170,883 $ 357,545,977 (1) The note amortizes on a 25-year schedule after an initial 1 year interest only period (which expired in August 2017) and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (2) The note is subject to a pre-payment penalty until March 2024. Prepayment can be made without penalty thereafter. (3) Prepayment can be made on this note without penalty. On July 15, 2021, we entered into a note modification agreement whereby the maturity date was extended from August 5, 2021 to May 5, 2022. (4) The note bears a floating interest rate of 1-month LIBOR plus 2.27%, but we entered into a swap agreement to fix the rate at 5.237%. Under the swap agreement, notional amounts approximate the declining balance of the loan and we are responsible for any potential termination fees associated with early termination of the swap agreement. (5) The note provided initial proceeds of $18.3 million, with an additional $5.2 million available upon the satisfaction of certain conditions; has an initial term of 4 years with a 1-year extension; bears a floating interest rate of 1-month LIBOR plus 4.00%; requires interest only monthly payments; and following a 12-month lockout, can be prepaid with penalty in year 2 and without penalty thereafter. We entered into an interest-rate cap agreement to limit our exposure through August 1, 2022 to increases in LIBOR exceeding 3.25% on a notional amount of $23,500,000. (6) With limited exception, the note may not be prepaid prior to June 2025. (7) With limited exception, the note may not be prepaid prior to February 2025. (8) The note bears a floating interest rate of 1-month LIBOR plus 3.75% subject to a floor rate of 3.75%; with monthly principal payments of $26,812; the note provides that the mortgage can be extended for two additional periods of one year each, subject to certain conditions. (9) The note amortizes on a 25-year schedule after an initial interest-only period of one year and is subject to a pre-payment penalty except for any pre-payments made within 120 days of the maturity date. (10) Following a 5-year lockout, the note can be prepaid with penalty in years 6-10 and without penalty during the final 4 months of the term. (11) The note bears a fixed interest rate of 4.27% for the first 5 years of the loan. The lender exercised its option to reset the interest rate after 5 years to 5.25% effective December 1, 2021. With the approval of the lender, the loan can be assumed by the purchaser of the property. (12) The note bears a floating interest rate of New York Prime Rate plus 1.25% and is subject to prepayment penalty of 2.0% if prepaid after April 12, 2021 but on or before April 12, 2022 and 1.0% if prepaid after April 12, 2022 but on or before November 26, 2022. Pre-payment can be made without penalty thereafter.
Schedule of Future Mortgage Debt Maturities	Total future mortgage debt maturities, without respect to any extension of loan maturity, as of December 31, 2021 were as follows: December 31, 2022 50,240,539 December 31, 2023 60,577,528 December 31, 2024 37,215,958 December 31, 2025 92,307,285 December 31, 2026 67,463,140 December 31, 2027 and thereafter 44,821,190 Total future maturities $ 352,625,640

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
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: December 31, 2022 683,693 December 31, 2023 671,883 December 31, 2024 663,585 December 31, 2025 663,877 December 31, 2026 656,534 December 31, 2027 and thereafter 14,100,246 Total $ 17,439,818

Preferred Stock and Units (Tabl

Preferred Stock and Units (Tables)	12 Months Ended
	Dec. 31, 2021
Preferred Stock And Units [Abstract]
Schedule of Series of Cumulative Redeemable Perpetual Preferred Stock	The following table sets forth our Cumulative Redeemable Perpetual Preferred Stock by series: Per Number of Shares Quarterly Annum Liquidation Issued and Outstanding as of Distributions Preferred Stock - Series Rate Preference December 31, 2021 December 31, 2020 Per Share Series B Preferred Stock 8.000 % $ 25.00 1,510,000 1,610,000 $ 0.500000 Series C Preferred Stock 7.875 % $ 25.00 1,384,610 1,554,610 $ 0.492188 Series D Preferred Stock 8.250 % $ 25.00 1,165,000 1,200,000 $ 0.515625
Schedule of Series of Cumulative Redeemable Perpetual Preferred Units	The following table sets forth our Cumulative Redeemable Perpetual Preferred Units by series: Per Number of Units Quarterly Annum Liquidation Issued and Outstanding as of Distributions Preferred Units - Series Rate Preference December 31, 2021 December 31, 2020 Per Unit Series B Preferred Units 8.000 % $ 25.00 1,510,000 1,610,000 $ 0.500000 Series C Preferred Units 7.875 % $ 25.00 1,384,610 1,554,610 $ 0.492188 Series D Preferred Units 8.250 % $ 25.00 1,165,000 1,200,000 $ 0.515625
Quarterly Distributions Declared and Payable by Operating Partnership	The following table presents the quarterly distributions by the Operating Partnership declared and payable per Quarter Ended 2019 2020 2021 March 31, $ 0.500000 $ 0.500000 $ — June 30, $ 0.500000 $ — $ — September 30, $ 0.500000 $ — $ — December 31, $ 0.500000 $ — $ — The following table presents the quarterly distributions by the Operating Partnership declared and payable per Series C Preferred Unit and dividends by the Company declared and payable per share of Series C Preferred Stock, for the years ended December 31, 2021, 2020, and 2019: Quarter Ended 2019 2020 2021 March 31, $ 0.492188 $ 0.492188 $ — June 30, $ 0.492188 — $ — September 30, $ 0.492188 $ — $ — December 31, $ 0.492188 $ — $ — (1) The following table presents the quarterly distributions by the Operating Partnership declared and payable per Series D Preferred Unit and dividends by the Company declared and payable per share of Series D Preferred Stock, for the years ended December 31, 2021, 2020, and 2019: Quarter Ended 2019 2020 2021 March 31, $ — $ 0.515625 $ — June 30, $ 0.418230 (1) $ — $ — September 30, $ 0.515625 $ — $ — December 31, $ 0.515625 $ — $ — (1) The initial quarterly distribution for the Series D Preferred Stock paid on July 15, 2019 was pro-rated per the terms of the security in the amount of $0.41823 per share.

Common Stock and Units (Tables)

Common Stock and Units (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Quarterly Stock Dividends and Unit Distributions Declared and Payable Per Common Stock/Unit	Common Stock Dividends and Unit Distributions – The following table presents the quarterly stock dividends and unit distributions by us declared and payable per common stock/unit for the years ended December 31, 2021, 2020, and 2019: Quarter Ended 2019 2020 2021 March 31, $ 0.125 $ 0.130 $ - June 30, $ 0.130 - - September 30, $ 0.130 - - December 31, $ 0.130 - -

Retirement Plans (Tables)

Retirement Plans (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 December 31, 2020 Number of Shares Fair Value Number of Shares Fair Value Allocated shares 247,606 $ 517,496 170,419 $ 426,048 Committed to be released shares - - - - Total Allocated and Committed-to-be-Released 247,606 $ 517,496 170,419 $ 426,048 Unallocated shares 431,697 902,247 509,069 1,272,672 Total ESOP Shares 679,303 $ 1,419,743 679,488 $ 1,698,720

Indirect Hotel Operating Expe_2

Indirect Hotel Operating Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Other Income And Expenses [Abstract]
Summary of Indirect Hotel Operating Expenses	Indirect hotel operating expenses consists of the following expenses incurred by the hotels: 2021 2020 2019 Sales and marketing $ 11,684,933 $ 8,094,085 $ 16,857,613 General and administrative 10,533,201 10,542,495 15,401,458 Repairs and maintenance 7,362,334 5,490,145 7,939,836 Utilities 5,309,637 4,817,508 6,282,218 Property taxes 6,131,271 7,014,472 7,044,085 Management fees, including incentive 3,620,071 1,822,359 5,259,194 Franchise fees 3,321,352 2,042,902 4,706,459 Insurance 3,596,153 3,097,245 3,303,366 Information and telecommunications 3,048,495 2,271,266 2,558,489 Other 492,798 294,831 1,042,915 Total indirect hotel operating expenses $ 55,100,245 $ 45,487,308 $ 70,395,633

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020, and 2019 are as follows: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Current: Federal $ — $ (125,587 ) $ (125,587 ) State 27,392 (6,054 ) 157,012 27,392 (131,641 ) 31,425 Deferred: Federal (149,704 ) (7,576,931 ) (244,360 ) State (38,580 ) (1,705,939 ) (36,545 ) Subtotals (188,284 ) (9,282,870 ) (280,905 ) Change in deferred tax valuation allowance 188,284 14,694,954 — — 5,412,084 (280,905 ) $ 27,392 $ 5,280,443 $ (249,480 )
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, 2021 December 31, 2020 December 31, 2019 Statutory federal income tax provision $ (5,987,572 ) $ (10,164,517 ) $ 194,479 Effect of non-taxable REIT loss 6,026,152 17,156,953 (564,426 ) State income tax provision (11,188 ) (1,711,993 ) 120,467 $ 27,392 $ 5,280,443 $ (249,480 )
Schedule of Significant Components of Deferred Tax Asset	The significant components of our deferred tax asset as of December 31, 2021 2020 and 2019, are as follows: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Deferred tax asset: Net operating loss carryforwards $ 14,270,273 $ 14,409,456 $ 4,988,283 Accrued compensation 337,630 108,595 335,621 Accrued expenses and other 246,742 128,257 19,427 Intangible assets 28,593 48,647 68,753 Less: Valuation allowance (14,883,238 ) (14,694,955 ) — Total $ — $ — $ 5,412,084

Loss per Share and per Unit (Ta

Loss per Share and per Unit (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Computation of Basic Net Loss Per Share	The computation of the Company’s basic net loss per share is presented below: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Numerator Net loss attributable to common stockholders for basic computation $ (33,401,889 ) $ (57,949,206 ) $ (5,911,251 ) Denominator Weighted average number of common shares outstanding 16,021,811 14,866,197 14,233,513 Weighted average number of Unearned ESOP Shares (490,128 ) (554,148 ) (590,940 ) Total weighted average number of common shares outstanding for basic computation 15,531,684 14,312,049 13,642,573 Basic net loss per share $ (2.15 ) $ (4.05 ) $ (0.43 )
Computation of Basic Loss Per Unit	The computation of basic loss per general and limited partnership unit in the Operating Partnership is presented below: Year Ended Year Ended Year Ended December 31, 2021 December 31, 2020 December 31, 2019 Numerator Net loss attributable to general and limited partnership unitholders for basic computation $ (35,720,055 ) $ (62,438,547 ) $ (6,645,127 ) Denominator Weighted average number of general and limited partnership units outstanding 17,186,789 16,065,499 16,011,653 Basic net loss per general and limited partnership unit $ (2.08 ) $ (3.89 ) $ (0.42 )

Quarterly Operating Results -_2

Quarterly Operating Results - Unaudited (Tables)	12 Months Ended
	Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Operating Results	Quarters Ended 2021 March 31 June 30 September 30 December 31 Total revenue $ 22,635,532 $ 34,383,309 $ 35,493,126 $ 35,075,957 Total operating expenses 24,717,808 31,240,158 32,706,524 46,978,440 Net operating loss (2,082,276 ) 3,143,151 2,786,602 (11,902,483 ) Net loss (7,575,624 ) (1,553,970 ) (2,528,221 ) (16,881,825 ) Net loss attributable to common shareholders (9,064,995 ) (2,810,603 ) (4,317,081 ) (17,209,210 ) Loss per share attributable to common shareholders– basic and diluted $ (0.62 ) $ (0.19 ) $ (0.27 ) $ (1.05 ) Net loss available to operating partnership unitholders (9,764,534 ) (2,990,241 ) (4,607,249 ) (18,358,031 ) Loss per unit attributable to operating partnership unitholders– basic and diluted $ (0.60 ) $ (0.18 ) $ (0.26 ) $ (1.02 ) Quarters Ended 2020 March 31 June 30 September 30 December 31 Total revenue $ 37,208,465 $ 5,293,907 $ 14,414,478 $ 14,585,726 Total operating expenses 39,011,968 16,723,112 21,824,217 23,692,949 Net operating income (1,803,503 ) (11,429,205 ) (7,409,739 ) (9,107,223 ) Net income(loss) (13,332,205 ) (16,301,070 ) (11,039,271 ) (13,010,359 ) Net loss attributable to common shareholders (14,323,699 ) (17,124,612 ) (12,259,908 ) (14,240,987 ) Loss per share attributable to common shareholders– basic and diluted $ (1.01 ) $ (1.20 ) $ (0.86 ) $ (0.98 ) Net loss available to operating partnership unitholders (15,521,115 ) (18,489,980 ) (13,228,181 ) (15,199,271 ) Loss per unit attributable to operating partnership unitholders– basic and diluted $ (0.97 ) $ (1.15 ) $ (0.82 ) $ (0.95 )

Organization and Description _2

Organization and Description of Business - Additional Information (Detail)

Dec. 13, 2021USD ($)

Dec. 09, 2021USD ($)$ / sharesshares

Jun. 21, 2021USD ($)$ / sharesshares

May 06, 2020USD ($)

Apr. 28, 2020USD ($)

Apr. 16, 2020USD ($)

Sep. 26, 2019USD ($)ft²HotelParkingSpaces

May 20, 2019USD ($)

May 01, 2019USD ($)shares

Apr. 26, 2019USD ($)

Apr. 18, 2019USD ($)shares

Dec. 31, 2021USD ($)HotelRoomResort$ / sharesshares

Dec. 31, 2019USD ($)

Nov. 30, 2021USD ($)

Dec. 31, 2020USD ($)$ / shares

Dec. 02, 2016$ / shares

Organization Consolidation and Presentation of Financial Statements [Line Items]

Date of incorporation

Aug. 20, 2004

Investment in number of hotels | Hotel

12

Rooms in hotel | Room

3,156

Number of independent hotels | Hotel

3

Date of commencement of business

Dec. 21, 2004

Number of hotels acquired before commencement of business | Hotel

6

Cash and cash equivalents

$ 13,166,883

$ 25,297,771

Restricted cash

$ 12,400,000

Proceeds from sale of preferred stock, net

$ 33,066,665

Common stock, par value | $ / shares

$ 0.01

$ 0.01

$ 0.01

DoubleTree by Hilton Raleigh-Brownstone University Hotel [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Proceeds from sale of hotel property

$ 42,000,000

Sheraton Louisville Riverside [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Proceeds from sale of hotel property

$ 11,500,000

Net proceeds from from sale of hotel property

$ 0

Common Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Issuance of common stock, shares | shares

151,281

Promissory Note [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Paycheck protection program loan term

5 years

5 years

Paycheck protection program loan interest rate

1.00%

1.00%

Paycheck protection program loan repayment terms

Equal payments of principal and interest begin no later than 10 months following origination of the loan and are amortized over the remaining term of the loan

Promissory Note [Member] | Fifth Third Bank [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Paycheck protection program loan amount

$ 952,700

$ 9,432,900

7.25% Senior Unsecured Notes due 2021 [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

7.25%

Debt instrument redeemed date

May 20, 2019

Debt instrument redeemed, principal amount

$ 25,000,000

Percentage of redemption price equal to principal amount

101.00%

8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Preferred stock, shares issued | shares

120,000

1,080,000

Preferred stock, dividend rate percentage

8.25%

Gross proceeds before underwriting discounts and commissions and expenses

$ 3,000,000

$ 27,000,000

Proceeds from sale of preferred stock, net

$ 28,400,000

7.25% Senior Unsecured Notes due 2021 [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Debt Instrument, Interest Rate, Stated Percentage

7.25%

Hyatt Centric Arlington and Our Town [Member] | Hotel Management Agreement [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Number of hotels | Hotel

12

Number of condominium resort rental programs | Resort

2

Fifth Third Bank [Member] | Hotel Alba Tampa, Tapestry Collection by Hilton [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Mortgage loans

$ 18,200,000

Debt instrument maturity date

Jun. 30, 2022

Period subject to certain terms and conditions

2 years

Extended maturity period

two additional periods of one year each

Amortization Period

25 years

Fifth Third Bank [Member] | LIBOR [Member] | Hotel Alba Tampa, Tapestry Collection by Hilton [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Floating interest rate period

1 month

1 month

Floating rate of interest rate

3.00%

3.75%

Operating Partnership [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Percentage of operating partnership owned

93.90%

Operating Partnership [Member] | Promissory Note [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Paycheck protection program loan amount

$ 333,500

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

Organization Consolidation and Presentation of Financial Statements [Line Items]

Investment in number of hotels | Hotel

2

Hilton, DoubleTree, Hyatt And Sheraton Brands [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Number of hotels | Hotel

9

Hyde Beach House [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Number of hotels acquired before commencement of business | Hotel

2

Number of newly constructed unit | Hotel

342

Hotel property aggregate purchase price

$ 5,400,000

Additional consideration

700,000

Pre-opening services fee

$ 1,000,000

Hyde Beach House [Member] | Management Agreement for Parking Garage and Poolside [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Initial term of agreement

20 years

Hyde Beach House [Member] | Management Agreement Relating to the Operation and Management [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Initial term of agreement

20 years

Hyde Beach House [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Area of real estate property | ft²

3,000

Number of dedicated parking spaces | ParkingSpaces

200

Palogic [Member] | Share Exchange Agreement [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Common stock, par value | $ / shares

$ 0.01

$ 0.01

Commission or remuneration paid

$ 0

$ 0

Palogic [Member] | Share Exchange Agreement [Member] | Common Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Issuance of common stock, shares | shares

620,919

1,542,727

Palogic [Member] | Share Exchange Agreement [Member] | 8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Issuance of common stock, shares | shares

100,000

Palogic [Member] | Share Exchange Agreement [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Issuance of common stock, shares | shares

75,000

85,000

Palogic [Member] | Share Exchange Agreement [Member] | 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]

Organization Consolidation and Presentation of Financial Statements [Line Items]

Issuance of common stock, shares | shares

35,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)Segmentshares	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Summary Of Significant Accounting Policies [Line Items]
Impairment of hotel properties	$ 12,201,461
Federal Deposit Insurance Corporation protection limits	250,000
Un-amortized franchise fees	294,390	$ 353,872
Amortization expense	$ 59,482	$ 59,482	$ 58,642
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2019
Change in accounting principle, accounting standards update, adopted	true
Accounting standards update [Extensible List]	us-gaap:AccountingStandardsUpdate201602Member
Minimum percentage of likelihood of realization of deferred tax assets	50.00%
Deferred tax assets valuation allowance percent		100.00%
Uncertain tax positions	$ 0
Compensation cost recognized	689,547	$ 754,111	385,561
Advertising cost	1,971,047	1,351,538	2,042,682
Gain on involuntary conversion of assets	$ 588,586	179,856	293,534
Number of reportable segment | Segment	1
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	$ 200,000	85,517	29,747
ESOP [Member]
Summary Of Significant Accounting Policies [Line Items]
Compensation cost recognized	$ 172,000	175,367	274,574
2013 Plan [Member]
Summary Of Significant Accounting Policies [Line Items]
Shares issued under plan | shares	517,464
Performance-based stock awards granted | shares	0
Compensation cost recognized	$ 517,546	548,894	124,433
2013 Plan [Member] | Executives, Directors and Employees [Member]
Summary Of Significant Accounting Policies [Line Items]
Unrestricted shares issued under plan | shares	50,000
Restricted shares issued under plan | shares	467,464
2013 Plan [Member] | One Employee [Member]
Summary Of Significant Accounting Policies [Line Items]
Stock award vesting period	8 years
Shares issued but not vested | shares	50,000
Other Operating Departments [Member]
Summary Of Significant Accounting Policies [Line Items]
Lease revenue	$ 1,671,085	$ 1,386,874	$ 1,456,550
Maximum [Member] | 2013 Plan [Member] | Employees and Directors [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 Building Improvements [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives of the assets	7 years
Buildings and Building 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 Accoun_5

Summary of Significant Accounting Policies - Schedule of Recurring Assets and Liabilities Measured at Fair Value (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Derivatives Fair Value [Line Items]
Investment in Hotel Properties, net	$ 375,885,224	$ 427,824,585
Investment in Hotel Properties Held for Sale, net	22,870,487
Level 2 [Member]
Derivatives Fair Value [Line Items]
Investment in Hotel Properties, net	23,000,000
Investment in Hotel Properties Held for Sale, net	11,063,952
Level 2 [Member] | Interest Rate Caps [Member]
Derivatives Fair Value [Line Items]
Interest rate cap	47	208
Level 2 [Member] | Interest Rate Swap [Member]
Derivatives Fair Value [Line Items]
Interest rate cap	(1,537,319)	(3,038,967)
Level 2 [Member] | Mortgage Loans [Member]
Derivatives Fair Value [Line Items]
Debt instruments measured at fair value	$ (355,496,444)	$ (364,112,622)

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Recurring Assets and Liabilities Measured at Fair Value (Parenthetical) (Detail)	Dec. 31, 2021	Dec. 31, 2020
Derivatives Fair Value [Line Items]
Loan rate swapped for fixed interest rate	5.237%	5.237%
1-Month LIBOR
Derivatives Fair Value [Line Items]
Interest rate caps for loan	3.25%	3.25%

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Minimum Future Lease Payments Receivable (Detail)	Dec. 31, 2021USD ($)
Leases [Abstract]
December 31, 2022	$ 1,047,956
December 31, 2023	1,051,501
December 31, 2024	1,059,558
December 31, 2025	1,068,195
December 31, 2026	1,040,677
December 31, 2027 and thereafter	6,455,880
Total	$ 11,723,767

Investment in Hotel Propertie_3

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, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties, Gross	$ 523,923,207	$ 569,944,891
Less: accumulated depreciation and impairment	(148,037,983)	(142,120,306)
Investment in Hotel Properties, Net	375,885,224	427,824,585
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties, Gross	60,395,168	66,088,705
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties, Gross	407,310,530	442,063,950
Right of Use Assets [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties, Gross	5,711,607	5,995,438
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties, Gross	$ 50,505,902	$ 55,796,798

Investment in Hotel Propertie_4

Investment in Hotel Properties, Net and Investment in Hotel Properties Held for Sale, Net - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021USD ($)
Property Plant And Equipment Capitalized Interest Costs [Abstract]
Impairment charge	$ 12,201,461

Investment in Hotel Propertie_5

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, 2021USD ($)
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties Held for Sale, Gross	$ 47,658,267
Less: accumulated depreciation and impairment	(24,787,780)
Investment in Hotel Properties Held for Sale, Net	22,870,487
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties Held for Sale, Gross	5,799,197
Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties Held for Sale, Gross	36,115,121
Furniture, Fixtures and Equipment [Member]
Property, Plant and Equipment [Line Items]
Investment in Hotel Properties Held for Sale, Gross	$ 5,743,949

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)

Jul. 15, 2021

Jul. 14, 2021

Apr. 30, 2021

Oct. 08, 2020

May 14, 2020

May 06, 2020

May 04, 2020

Apr. 28, 2020

Apr. 21, 2020

Apr. 16, 2020

Apr. 01, 2020

Mar. 24, 2020

Mar. 31, 2021

Dec. 31, 2021

Dec. 31, 2020

Debt Instrument [Line Items]

Mortgage loan outstanding balance

$ 351,200,000

$ 357,500,000

Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Operating partnership purchase of senior notes

20,000,000

Operating partnership purchase of additional senior secured notes

10,000,000

Note Purchase Agreement [Member] | Secured Notes [Member]

Debt Instrument [Line Items]

Payment of interest

$ 300,000

Debt instrument payment terms

require principal repayment equal to 1.47 times the face amount of the Secured Notes if repaid on or prior to December 30, 2023 and 1.65 times the face amount of the Secured Notes if repaid after December 30, 2023

Debt instrument, frequency of periodic payment

quarterly

Debt Instrument, Interest Rate, Stated Percentage

6.00%

Operating partnership purchase of senior notes

$ 20,000,000

Debt instrument maturity date

Dec. 30, 2023

Debt instrument optional maturity extension term

1 year

Debt instrument maturity extension fee percentage

1.00%

Interest rate upon extension of maturity

10.00%

Note Purchase Agreement [Member] | Secured Notes [Member] | KWHP SOHO, LLC [Member]

Debt Instrument [Line Items]

Debt instrument face amount

$ 10,000,000

Note Purchase Agreement [Member] | Secured Notes [Member] | MIG SOHO, LLC [Member]

Debt Instrument [Line Items]

Debt instrument face amount

10,000,000

Note Purchase Agreement [Member] | Secured Notes [Member] | KWHP SOLO, LLC and MIG SOLO, LLC [Member]

Debt Instrument [Line Items]

Debt instrument face amount

$ 20,000,000

Debt instrument origination fee percentage

1.00%

Note Purchase Agreement [Member] | Second Notes [Member] | KWHP SOLO, LLC and MIG SOLO, LLC [Member]

Debt Instrument [Line Items]

Debt instrument face amount

$ 10,000,000

Debt instrument commitment fee percentage

1.00%

Maximum [Member] | Georgian Terrace [Member]

Debt Instrument [Line Items]

Percentage of FF&E reserve funding to debt service, deposits to real estate tax escrow and operating expenses

50.00%

FF&E reserve funding to debt service, deposits to real estate tax escrow and operating expenses

$ 1,100,000

Mortgage Loans [Member] | The DeSoto [Member]

Debt Instrument [Line Items]

Debt instrument payment of principal and interest deferred start date

Apr. 1, 2020

Debt instrument payment of principal and interest deferred end date

Sep. 1, 2020

Debt instrument payment of principal and interest additional deferred date

Feb. 1, 2021

Debt instrument payment of interest deferred date

Mar. 1, 2021

FF&E requirements waiver date

Feb. 28, 2021

Payment of interest

$ 116,240

Debt instrument payment terms

Starting on April 1, 2020, we entered into a series of note modification agreements with the mortgage lender for The DeSoto pursuant to which we agreed with the lender on the following: (a) deferral of scheduled principal and interest payments due from April 1, 2020 to September 1, 2020, provided that interest continued to accrue during that period; (b) additional deferral of scheduled principal and interest payments due February 1, 2021, provided that interest also continued to accrue during that period; (c) a payment of interest only on March 1, 2021 in the amount of $116,240; (d) waiver of certain FF&E requirements until February 28, 2021; (e) to pay all deferred principal and interest amounts at maturity; and (f) a guarantee by the Operating Partnership of payment of up to 5.0% of all present and future indebtedness under the loan. The maturity date under the loan modification remains unchanged.

Debt instrument maturity date

Jul. 1, 2026

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

Debt Instrument [Line Items]

Debt instrument payment terms

On April 21, 2020, we entered into a letter agreement pursuant to which the lender agreed to the following: (a) the April, May, and June 2020 principal and interest payments were paid out of FF&E reserves; (b) FF&E deposits were deferred for the April, May, and June 2020 payment dates; and (c) released FF&E and the deferred FF&E was repaid in 6 monthly installments ending with the December 2020 payment. The maturity date under the loan modification remains unchanged.

Debt instrument, frequency of periodic payment

6 monthly installments

Debt instrument maturity date

Jul. 11, 2024

Mortgage Loans [Member] | Double Tree By Hilton Laurel

Debt Instrument [Line Items]

Debt instrument payment terms

Starting on March 24, 2020, we entered into a series of deferral and note modification agreements with the mortgage lender for the DoubleTree by Hilton Laurel pursuant to which we agreed with the lender to the following: (a) an initial deferral of scheduled payments of principal and interest due from April 5, 2020 to September 5, 2020; (b) an additional deferral of scheduled payments of principal only from November 5, 2020 to March 5, 2021; (c) subsequent payments are required to be applied first toward current and deferred interest and then toward principal; and (d) any and all deferred principal is due and payable at maturity.

Debt instrument payment of principal deferred start date

Apr. 5, 2020

Debt instrument payment of principal deferred end date

Sep. 5, 2020

Debt instrument payment of principal additional deferred start date

Nov. 5, 2020

Debt instrument payment of principal additional deferred end date

Mar. 5, 2021

Extended maturity date

May 5, 2022

Aug. 5, 2021

Debt instrument maturity date

May 5, 2022

Mortgage Loans [Member] | Double Tree By Hilton Laurel | Note Modification Agreement [Member]

Debt Instrument [Line Items]

Debt instrument payment terms

(i) the maturity date was extended by nine months, to May 5, 2022; (ii) commencing August 5, 2021 and continuing on the fifth day of each calendar month thereafter, the borrowing entity will pay monthly installments in the amount of $64,475; and (iii) the interest on the principal balance of the note shall accrue at a rate of 5.25%.

Extended maturity date

May 5, 2022

Extended maturity period

9 months

Debt instrument monthly installments start date

Aug. 5, 2021

Payment of monthly installments

$ 64,475

Debt Instrument, Interest Rate, Stated Percentage

5.25%

Debt instrument payment of deferred interest accumulated

$ 226,859

Mortgage Loans [Member] | DoubleTree by Hilton Philadelphia Airport [Member]

Debt Instrument [Line Items]

Debt instrument payment terms

We have agreed with the lender to the following: (a) deferral of scheduled principal through June 1, 2021; (b) payment of regular principal and interest to resume on July 1, 2021; (c) remaining deferred interest is to be paid in 12 equal installments beginning April 1, 2021; (d) deferred principal to be repaid on a quarterly basis out of the excess of Hotel EBITDA after reserves over Actual Debt Service beginning with the quarter ending March 31, 2022, or at maturity; (e) a guaranty by the Operating Partnership of payment under the loan; (f) addition of a revenue per available room financial covenant for the period between March 1, 2021 and May 31, 2021; (g) a waiver of compliance with the DSCR covenant through September 30, 2021; and (h) revised DSCR requirements for the quarters ending December 31, 2021 through June 30, 2022.  In connection with the guarantee, the Operating Partnership entered into an acknowledgment of confession of judgment of guarantor pursuant to which the lender is authorized to enter a judgment against the Operating Partnership upon the occurrence of an event of default.  The maturity date was extended by 3 months, or until October 31, 2023.

Debt instrument, frequency of periodic payment

12 equal installments

Extended maturity date

Oct. 31, 2023

Extended maturity period

3 months

Debt instrument repayment of deferred interest start date

Apr. 1, 2021

Debt instrument maturity date

Oct. 31, 2023

Mortgage Loans [Member] | Double Tree By Hilton Raleigh Brownstone University

Debt Instrument [Line Items]

Debt instrument maturity date

Aug. 1, 2022

Mortgage Loans [Member] | Double Tree By Hilton Raleigh Brownstone University | Forbearance And Loan Modification Agreements

Debt Instrument [Line Items]

Debt instrument payment terms

Beginning on May 4, 2020, we entered into a series of forbearance and loan modification agreements with the mortgage lender for the DoubleTree by Hilton Raleigh-Brownstone University pursuant to which the lender agreed to the following: (a) deferral of scheduled interest payments due from April 1, 2020 to July 31, 2021; (b) a one-time fee of $236,375 made in January 2021 and applied to deferred interest; (c) deferral of the FF&E reserve deposit from April 2020 until July 2021; and (d) remainder of deferred interest, along with additional accrued interest on interest, is due and payable by maturity.

Debt instrument payment of interest deferred start date

Apr. 1, 2020

Debt instrument payment of interest deferred end date

Jul. 31, 2021

Debt instrument payment of one-time fee related to deferred interest

$ 236,375

Mortgage Loans [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Oct. 1, 2025

Mortgage Loans [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member] | Amended Loan Agreement [Member]

Debt Instrument [Line Items]

Debt instrument payment terms

On April 30, 2021, we entered into a loan modification and reinstatement agreement with the mortgage lender for the DoubleTree Resort by Hilton Hollywood Beach pursuant to which we agreed with the lender to amend and reinstate the promissory note and loan agreement on revised terms.  Under the amended loan agreement and promissory note we paid to the lender contemporaneously with the closing of the amendment and reinstatement an aggregate amount of approximately $4.0 million made up of (i) tax and insurance reserves required to be funded in certain reserve accounts in the aggregate amount of approximately $2.5 million; (ii) a lump sum payment of approximately $1.3 million in respect of amounts owed by us relating to payments for the period from January through March 2021; (iii) certain FF&E reserve amounts required to be deposited with the lender; and (iv) certain other fees and expenses.  In addition, we agreed to (a) begin regular monthly payments on May 1, 2021; (b) pay the aggregate amount owed by the borrowing entity relating to deferred monthly payments for the period from April through December 2020 in 24 equal monthly installments of $119,591 beginning on January 1, 2021 and continuing through December 2022; and (c) certain other amended terms, including to restrict the borrowing entity under the promissory note from making any distributions until all such deferred payments have been made. Also, the lender agreed to certain accommodations, including the waiver of the cash sweep period trigger for a period of time and to forbear collection of default interest and late payment charges accrued and unpaid under the original loan agreement and promissory note, provided that in the event of a future default those amounts will become due immediately and the waivers will no longer be effective.

Debt instrument, frequency of periodic payment

monthly

Debt instrument payment of principal deferred start date

May 1, 2021

Repayments of debt

$ 4,000,000

$ 1,300,000

Fund tax and insurance reserves

2,500,000

Mortgage Loans [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member] | Amended Loan Agreement [Member] | January 1, 2021 through December 2022 [Member]

Debt Instrument [Line Items]

Debt instrument, frequency of periodic payment

24 equal monthly installments

Payment of monthly installments

$ 119,591

Debt instrument repayment of deferred interest start date

Jan. 1, 2021

Mortgage Loans [Member] | Georgian Terrace [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Jun. 1, 2025

Mortgage Loans [Member] | Hotel Alba Tampa | Loan Modification Agreements [Member]

Debt Instrument [Line Items]

Debt instrument payment terms

Starting on May 14, 2020, we entered into a series of loan modification agreements, pursuant to which the lender agreed to: (a) the deferral of scheduled payments of principal due from April 1, 2020 to June 30, 2021; (b) waive certain financial covenants applicable to the borrowing entity and the Operating Partnership through the quarter ended December 31, 2020 and (c) delay repayment of deferred payments upon the earlier of (i) the maturity date or (ii) acceleration of the loan.  The borrowing entity agreed to not, without prior written consent of the lender, make any distributions of cash or property until all the following conditions have been satisfied: (x) the deferral period has expired and deferred payments have been made; (y) certain conditions precedent for making distributions under the loan agreement have been satisfied; and (z) any PPP loans extended to the borrowing entity have been repaid or forgiven.

Debt instrument payment of principal deferred start date

Apr. 1, 2020

Debt instrument payment of principal deferred end date

Jun. 30, 2021

Cash collateral on deposit

$ 1,900,000

Mortgage Loans [Member] | Hotel Ballast Wilmington

Debt Instrument [Line Items]

Debt instrument payment terms

The lender has agreed to the following: (a) deferral of scheduled principal payments due from April 1, 2020 to March 1, 2021; (b) deferral of scheduled payments of interest from April 1, 2020 to September 1, 2020; (c) waiver of FF&E requirement until March 1, 2021; (d) deferred principal and interest will be due and payable at maturity; and (e) payment of up to 5.0% of the indebtedness under the loan is guaranteed by the Operating Partnership.  The maturity date under the loan modification remains unchanged.  As a condition to the modification the borrowing entity cannot declare, set aside or pay any distributions or dividends until the later of (i) March 1, 2021 or (ii) the resumption of regular principal and interest payments.

Debt instrument payment of principal deferred start date

Apr. 1, 2020

Debt instrument payment of principal deferred end date

Mar. 1, 2021

Debt instrument payment of interest deferred start date

Apr. 1, 2020

Debt instrument payment of interest deferred end date

Sep. 1, 2020

FF&E requirement waiver date

Mar. 1, 2021

Mortgage Loans [Member] | Hyatt Centric Arlington [Member]

Debt Instrument [Line Items]

Debt instrument maturity date

Oct. 1, 2028

Mortgage Loans [Member] | Hyatt Centric Arlington [Member] | Loan Modification Agreements [Member]

Debt Instrument [Line Items]

Debt instrument payment terms

Starting on July 15, 2020, we entered into a series of loan modification agreements, pursuant to which the lender agreed to the following: (a) deferral of scheduled payments of principal and interest due from April 1, 2020 to March 31, 2021; (b) deferral of scheduled payments of principal due from April 1, 2021 to December 31, 2021; (c) loan balance to be re-amortized as of January 1, 2022; (d) deferred principal and interest, along with additional accrued interest on interest, is due and payable by July 1, 2022; (e) $147,765 drawn from the reserve account to be replenished in full by December, 2021; and (f) wavier of the requirement to make deposits into FF&E reserve from April 2020 to April 1, 2021.  As a condition to the effectiveness of the first modification, the borrowing entity under the loan paid (i) $50,000 to be deposited into the ground lease reserve account and (ii) $426,620 to be deposited into an escrow for impositions.  As a condition to the effectiveness of the second modification, the borrowing entity paid (i) an additional $47,500 to be deposited into the ground lease reserve account and (ii) a one-time fee of $100,000 to be deposited into an escrow for impositions.  Until the borrowing entity under the loan has fully repaid the deferred monthly payment and replenished the FF&E reserves account and the PPP loan is no longer outstanding, the borrowing entity is not permitted make any distributions without prior written consent of the lender.

Debt instrument payment of principal deferred start date

Apr. 1, 2020

Debt instrument payment of principal deferred end date

Mar. 31, 2021

Debt instrument payment of interest deferred start date

Apr. 1, 2021

Debt instrument payment of interest deferred end date

Dec. 31, 2021

Debt instrument payment of one-time fee

$ 100,000

Loan balance re-amortization date

Jan. 1, 2022

Amount drawn from reserve account

$ 147,765

Amount to be deposited into ground lease reserve account

50,000

Amount to be deposited into an escrow for impositions

426,620

Additional amount to be deposited into ground lease reserve account

$ 47,500

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

Debt Instrument [Line Items]

Debt instrument payment terms

The lender has agreed to the following: (a) deferral of scheduled payments of interest due from May 1, 2020 to July 1, 2020; (b) deferral of scheduled payments of principal due from May 1, 2020 to April 1, 2021; (c) subsequent payments were required to be applied first toward current and deferred interest and then toward principal; and (d) any deferred principal is due and payable at maturity.  The maturity date under the loan modification remains unchanged.  We sold the hotel on February 10, 2022.

Debt instrument payment of principal deferred start date

May 1, 2020

Debt instrument payment of principal deferred end date

Jul. 1, 2020

Debt instrument payment of interest deferred start date

May 1, 2020

Debt instrument payment of interest deferred end date

Apr. 1, 2021

Debt instrument maturity date

Dec. 1, 2026

Mortgage Loans [Member] | The Whitehall [Member]

Debt Instrument [Line Items]

Debt instrument payment of principal and interest deferred end date

Jul. 14, 2021

Debt instrument payment terms

We entered into two forbearance agreement pursuant to which the lender agreed to the following: (a) deferral of scheduled payments of principal due from April 1, 2020 to July 13, 2021; (b) deferral of scheduled payments of interest from April 1, 2020 to October 12, 2020; (c) deferred payments will be added to the principal balance of the loan and subsequent payments will be calculated based on the remainder of the amortization period; (d) on July 14, 2021 principal and interest payments will resume based upon the original amortization; (e) the interest rate was changed from LIBOR plus 3.50% to New York Prime Rate plus 1.25%; (f) loan modification fees of $54,500; (g) the prepayment penalty was changed to: (i) 2.0% if prepaid after April 12, 2021 but on or before April 12, 2022; (ii) 1.0% if prepaid after April 12, 2022 but on or before November 26, 2022; and (iii) no prepayment fee if prepaid after November 26, 2022; and (h) a waiver of the financial covenants through June 30, 2022.   The maturity date under the loan modification remains unchanged.

Debt instrument payment of principal deferred start date

Apr. 1, 2020

Debt instrument payment of principal deferred end date

Jul. 13, 2021

Debt instrument payment of interest deferred start date

Apr. 1, 2020

Debt instrument payment of interest deferred end date

Oct. 12, 2020

Excess Interest rate on mortgage debt

1.25%

Loan modification fees

$ 54,500

Debt instrument maturity date

Feb. 26, 2023

Mortgage Loans [Member] | The Whitehall [Member] | New York Prime Rate [Member]

Debt Instrument [Line Items]

Excess Interest rate on mortgage debt

1.25%

Mortgage Loans [Member] | The Whitehall [Member] | Prepaid After April 12, 2021 on or Before April 12, 2022 [Member]

Debt Instrument [Line Items]

Prepayment penalty percentage

2.00%

Mortgage Loans [Member] | The Whitehall [Member] | Prepaid After April 12, 2022 on or Before November 26, 2022 [Member]

Debt Instrument [Line Items]

Prepayment penalty percentage

1.00%

Mortgage Loans [Member] | The Whitehall [Member] | Prepaid After November 26, 2022 [Member]

Debt Instrument [Line Items]

Prepayment penalty percentage

0.00%

Mortgage Loans [Member] | Maximum [Member] | The DeSoto [Member]

Debt Instrument [Line Items]

Payment percentage of all present and future indebtedness guaranteed under the loan

5.00%

Mortgage Loans [Member] | Maximum [Member] | Hotel Ballast Wilmington

Debt Instrument [Line Items]

Payment percentage of all present and future indebtedness guaranteed under the loan

5.00%

Promissory Note [Member]

Debt Instrument [Line Items]

Paycheck protection program loan term

5 years

5 years

Paycheck protection program loan interest rate

1.00%

1.00%

Paycheck protection program loan repayment terms

Equal payments of principal and interest begin no later than 10 months following origination of the loan and are amortized over the remaining term of the loan

Paycheck protection program loan amount outstanding

$ 7,600,000

$ 10,700,000

Promissory Note [Member] | Operating Partnership [Member]

Debt Instrument [Line Items]

Paycheck protection program loan amount

$ 333,500

Promissory Note [Member] | Fifth Third Bank [Member]

Debt Instrument [Line Items]

Paycheck protection program loan amount

$ 952,700

$ 9,432,900

Debt - Schedule of Mortgage Deb

Debt - Schedule of Mortgage Debt Obligations on Hotels (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Mortgage loans	$ 352,625,640	$ 359,551,870
Deferred financing costs, net	(1,547,004)	(2,122,822)
Unamortized premium on loan	92,247	116,929
Total Mortgage Loans, Net	351,170,883	357,545,977
The DeSoto [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	$ 32,148,819	$ 32,820,733
Prepayment Penalties		Yes
Maturity Date		Jul. 1, 2026
Amortization Provisions, Term	25 years	25 years
Interest rate applicable to the mortgage loan		4.25%
Double Tree By Hilton Jacksonville Riverfront | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	$ 33,051,316	$ 33,655,483
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 | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	8,175,215	$ 8,654,754
Prepayment Penalties		None
Maturity Date		May 5, 2022
Amortization Provisions, Term		25 years
Interest rate applicable to the mortgage loan		5.25%
DoubleTree by Hilton Philadelphia Airport [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	40,734,077	$ 41,804,700
Prepayment Penalties		None
Maturity Date		Oct. 31, 2023
Amortization Provisions, Term		30 years
Interest rate applicable to the mortgage loan		2.27%
Double Tree By Hilton Raleigh Brownstone University | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	18,300,000	$ 18,300,000
Prepayment Penalties		Yes
Maturity Date		Aug. 1, 2022
Interest rate applicable to the mortgage loan		4.00%
DoubleTree Resort by Hilton Hollywood Beach [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	54,253,963	$ 55,878,089
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	41,484,732	$ 42,507,512
Maturity Date		Jun. 1, 2025
Amortization Provisions, Term		30 years
Interest rate applicable to the mortgage loan		4.42%
Hotel Alba Tampa, Tapestry Collection by Hilton [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	17,383,397	$ 17,946,480
Prepayment Penalties		None
Maturity Date		Jun. 30, 2022
Interest rate applicable to the mortgage loan		3.75%
Hotel Ballast Wilmington,Tapestry Collection by Hilton [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	$ 32,604,948	$ 33,259,067
Prepayment Penalties		Yes
Maturity Date		Jan. 1, 2027
Amortization Provisions, Term	25 years	25 years
Interest rate applicable to the mortgage loan		4.25%
Hyatt Centric Arlington [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	$ 48,990,136	$ 48,990,136
Prepayment Penalties		Yes
Maturity Date		Oct. 1, 2028
Amortization Provisions, Term		30 years
Interest rate applicable to the mortgage loan		5.25%
Sheraton Louisville Riverside [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	$ 10,947,366	$ 11,037,086
Prepayment Penalties		Yes
Maturity Date		Dec. 1, 2026
Amortization Provisions, Term		25 years
Interest rate applicable to the mortgage loan	4.27%	4.27%
The Whitehall [Member] | Mortgage Loans [Member]
Debt Instrument [Line Items]
Mortgage loans	$ 14,551,671	$ 14,697,830
Prepayment Penalties		Yes
Maturity Date		Feb. 26, 2023
Amortization Provisions, Term		25 years
Interest rate applicable to the mortgage loan		1.25%

Debt - Schedule of Mortgage D_2

Debt - Schedule of Mortgage Debt Obligations on Hotels (Parenthetical) (Detail) - USD ($)	Jul. 15, 2021	Jul. 14, 2021	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Loan rate swapped for fixed interest rate			5.237%	5.237%
LIBOR [Member]
Debt Instrument [Line Items]
Interest rate caps for loan			3.25%	3.25%
Mortgage Loans [Member] | The DeSoto [Member]
Debt Instrument [Line Items]
Amortization Period			25 years	25 years
Interest-only payment period			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
Debt Instrument [Line Items]
Amortization Period				30 years
Prepayment date before maturity in which prepayment is allowed with penalty			2024-03
Interest rate applicable to the mortgage loan				4.88%
Mortgage Loans [Member] | Double Tree By Hilton Laurel
Debt Instrument [Line Items]
Amortization Period				25 years
Extended maturity date	May 5, 2022	Aug. 5, 2021
Interest rate applicable to the mortgage loan				5.25%
Mortgage Loans [Member] | DoubleTree by Hilton Philadelphia Airport [Member]
Debt Instrument [Line Items]
Amortization Period				30 years
Extended maturity date			Oct. 31, 2023
Floating interest rate period			1 month
Interest rate applicable to the mortgage loan				2.27%
Mortgage Loans [Member] | DoubleTree by Hilton Philadelphia Airport [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Excess Interest rate on mortgage debt			2.27%
Mortgage Loans [Member] | DoubleTree by Hilton Philadelphia Airport [Member] | Interest Rate Swap [Member]
Debt Instrument [Line Items]
Loan rate swapped for fixed interest rate			5.237%
Mortgage Loans [Member] | Double Tree By Hilton Raleigh Brownstone University
Debt Instrument [Line Items]
Floating interest rate period			1 month
Proceeds from mortgage debt			$ 18,300,000
Additional proceeds from mortgage loans			$ 5,200,000
Debt instrument maturity term			4 years
Extended maturity period			1-year
Debt instrument prepayment lockout period			12 months
Debt instrument prepayment penalty period			2 years
Derivative maturity limit			Aug. 1, 2022
Notional amount			$ 23,500,000
Interest rate applicable to the mortgage loan				4.00%
Mortgage Loans [Member] | Double Tree By Hilton Raleigh Brownstone University | LIBOR [Member]
Debt Instrument [Line Items]
Excess Interest rate on mortgage debt			4.00%
Interest rate caps for loan			3.25%
Mortgage Loans [Member] | DoubleTree Resort by Hilton Hollywood Beach [Member]
Debt Instrument [Line Items]
Amortization Period				30 years
Prepayment date before maturity			2025-06
Interest rate applicable to the mortgage loan				4.913%
Mortgage Loans [Member] | Georgian Terrace [Member]
Debt Instrument [Line Items]
Amortization Period				30 years
Prepayment date before maturity			2025-02
Interest rate applicable to the mortgage loan				4.42%
Mortgage Loans [Member] | Hotel Alba Tampa, Tapestry Collection by Hilton [Member]
Debt Instrument [Line Items]
Floating interest rate period			1 month
Fixed interest rate			3.75%
Debt instrument periodic payment			$ 26,812
Interest rate applicable to the mortgage loan				3.75%
Mortgage Loans [Member] | Hotel Alba Tampa, Tapestry Collection by Hilton [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Excess Interest rate on mortgage debt			3.75%
Mortgage Loans [Member] | Hotel Ballast Wilmington,Tapestry Collection by Hilton [Member]
Debt Instrument [Line Items]
Amortization Period			25 years	25 years
Interest-only payment period			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] | Hyatt Centric Arlington [Member]
Debt Instrument [Line Items]
Amortization Period				30 years
Debt instrument prepayment lockout period			5 years
Debt instrument prepayment without penalty period during final term			4 months
Interest rate applicable to the mortgage loan				5.25%
Mortgage Loans [Member] | Hyatt Centric Arlington [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument prepayment penalty period			6 years
Mortgage Loans [Member] | Hyatt Centric Arlington [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument prepayment penalty period			10 years
Mortgage Loans [Member] | Sheraton Louisville Riverside [Member]
Debt Instrument [Line Items]
Amortization Period				25 years
Interest rate applicable to the mortgage loan			4.27%	4.27%
Interest rate applicable to the mortgage loan after five years			5.25%
Mortgage Loans [Member] | The Whitehall [Member]
Debt Instrument [Line Items]
Amortization Period				25 years
Excess Interest rate on mortgage debt			1.25%
Interest rate applicable to the mortgage loan				1.25%
Mortgage Loans [Member] | The Whitehall [Member] | Prepaid After April 12, 2021 on or Before April 12, 2022 [Member]
Debt Instrument [Line Items]
Prepayment penalty percentage			2.00%
Mortgage Loans [Member] | The Whitehall [Member] | Prepaid After April 12, 2022 on or Before November 26, 2022 [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, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
December 31, 2022	$ 50,240,539
December 31, 2023	60,577,528
December 31, 2024	37,215,958
December 31, 2025	92,307,285
December 31, 2026	67,463,140
December 31, 2027 and thereafter	44,821,190
Total future maturities	$ 352,625,640	$ 359,551,870

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	Jan. 01, 2020USD ($)	Sep. 26, 2019USD ($)RenewalPeriod	Mar. 01, 2018USD ($)RenewalPeriod	Dec. 31, 2019USD ($)ft²	Feb. 28, 2017USD ($)shares	Dec. 31, 2021USD ($)ft²Hotel	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 29, 2016USD ($)
Operating Leased Assets [Line Items]
Maximum amount allocated to purchase common stock under ESOP									$ 5,000,000
Number of common stock, shares purchased | shares					682,500
Purchased common stock, value					$ 4,900,000
Hotel Ballast [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues						4.00%
Restricted cash reserve						amount equal to one-twelfth (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 one-twelfth (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 one-twelfth (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 one-twelfth (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 one-twelfth (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%
Georgian Terrace [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues						4.00%
Restricted cash reserve						amount equal to one-twelfth (1/12) of the annual real estate taxes due for the properties
DoubleTree 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						3.00%
Additional fees of gross revenues from the hotels						3.00%
Franchise agreement expiry date						2021-11
Maximum [Member]
Operating Leased Assets [Line Items]
Franchise fees of room revenues						5.00%
Additional fees of gross revenues from the hotels						4.00%
Franchise agreement expiry date						2038-03
Maximum [Member] | ESOP [Member]
Operating Leased Assets [Line Items]
Borrowed amount									$ 5,000,000
Chesapeake Hospitality [Member]
Operating Leased Assets [Line Items]
Initial term of agreement						5 years
Chesapeake Hospitality [Member] | Individual Hotel Management Agreements [Member]
Operating Leased Assets [Line Items]
Master management agreement expiration date						Mar. 31, 2025
Number of wholly-owned hotels operated under master management agreement | Hotel						12
Expiry date of master management agreement						on March 31, 2025 and may be extended for up to two additional periods of five years each, subject to the approval of both parties
Hyatt Centric Arlington [Member]
Operating Leased Assets [Line Items]
Monthly contribution of room revenues						4.00%
Restricted cash reserve						amount equal to one-twelfth (1/12) of the annual real estate taxes due for the properties
Hyatt Centric Arlington [Member] | Franchise Agreement with Affiliate of Hyatt Hotels Corporation Operating as Hyatt Centric Arlington [Member]
Operating Leased Assets [Line Items]
Rent expense						$ 232,588	$ 153,019	$ 881,605
Rental payments per year in base rent under ground lease			$ 50,000
Ground lease percentage rent on gross rooms revenues in excess of thresholds			3.50%
Initial term of ground lease expires year			2025
Number of renewal periods exercised under ground lease | RenewalPeriod			5
Duration period under ground lease for each renewal periods exercised			10 years
Hyde Beach House [Member] | Management Agreement for Parking Garage and Poolside [Member]
Operating Leased Assets [Line Items]
Rent expense						$ 271,000	85,166	72,625
Annual payment		$ 270,100
Initial term of agreement		20 years
Lessee, operating lease expiration year		2039
Lessee, operating lease, existence of option to extend [true false]		true
Lessee, operating lease, option to extend						The initial term of the parking garage and cabana lease expires in 2039 and may be extended for four additional renewal periods of 5 years each.
Number of additional renewal periods | RenewalPeriod		4
Additional renewal of agreement		5 years
Williamsburg Virginia [Member]
Operating Leased Assets [Line Items]
Area of commercial space leased | ft²				8,500		5,216
Operating lease, expiring date						Dec. 31, 2019
Rent expense	$ 218,875							$ 107,936
Commencement date of agreement				Jan. 1, 2020		Sep. 1, 2009
Lease, agreement term				10 years				10 years
Lease rent increase each successive period percentage				3.00%
Tenant improvement allowance				$ 200,000				$ 200,000
The DeSoto Hotel Property [Member]
Operating Leased Assets [Line Items]
Area of commercial space leased | ft²						2,086
Operating lease, expiring date						Oct. 31, 2006
Duration period under renewal option second						5 years
Expiration date three under renewal option second						Oct. 31, 2026
Rent expense						$ 83,932	74,809	72,984
Hotel Alba Tampa, Tapestry Collection by Hilton [Member]
Operating Leased Assets [Line Items]
Rent expense						$ 2,575	2,604	$ 2,152
Lease agreement						5 years
Commencement date of agreement						2019-07
Operating lease, expiring date						2024-07
Annual payment						$ 2,432
Additional renewal of agreement						5 years
8,500 Square Feet of Commercial Office Space [Member] | Williamsburg Virginia [Member]
Operating Leased Assets [Line Items]
Rent expense						$ 223,607	$ 223,607
Furniture, Fixtures and Equipment [Member]
Operating Leased Assets [Line Items]
Financing arrangement expiration date						2022-06
Six Year Operating Lease Property [Member] | The DeSoto Hotel Property [Member]
Operating Leased Assets [Line Items]
Duration of operating lease term						6 years
Ninety Nine Year Operating Lease Property [Member] | Savannah Hotel Property [Member]
Operating Leased Assets [Line Items]
Duration of operating lease term						99 years
Operating lease, expiring date						Jul. 31, 2086
Rental income recognized during period						$ 0
Original lump sum rent payment received						$ 990

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Minimum Future Lease Payments (Detail)	Dec. 31, 2021USD ($)
Finance Lease Liabilities Payments Due [Abstract]
December 31, 2022	$ 683,693
December 31, 2023	671,883
December 31, 2024	663,585
December 31, 2025	663,877
December 31, 2026	656,534
December 31, 2027 and thereafter	14,100,246
Total	$ 17,439,818

Preferred Stock and Units - Add

Preferred Stock and Units - Additional Information (Detail) - USD ($)	Aug. 31, 2018	Sep. 30, 2019	May 31, 2019	Apr. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Preferred Units [Line Items]
Preferred stock, shares authorized							11,000,000	11,000,000
Preferred stock, liquidation preference per share							$ 25	$ 25
Preferred stock amount of undeclared and cumulative preferred dividends							$ 14,300,000
Proceeds from sale of preferred stock, net									$ 33,066,665
Preferred units amount of undeclared and cumulative preferred dividends							14,300,000
Unpaid preferred dividends and distributions							$ 2,037,192
Sotherly Hotels LP [Member]
Preferred Units [Line Items]
Preferred stock, liquidation preference per share							$ 25	$ 25
Proceeds from sale of preferred stock, net									$ 33,066,665
Sotherly Hotels LP [Member] | 8.25% Series D Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Operating partnership preferred partnership units issued total			1,200,000	1,200,000
Preferred units, dividend rate percentage			8.25%	8.25%			8.25%
Proceeds from sale of preferred units, net			$ 28,400,000	$ 28,400,000
Sotherly Hotels LP [Member] | 7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Operating partnership preferred partnership units issued total					52,141	52,141				52,141
Preferred units, dividend rate percentage					7.875%	7.875%	7.875%
Proceeds from sale of preferred units, net					$ 1,000,000	$ 1,000,000
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
Preferred Units [Line Items]
Preferred stock, shares authorized							11,000,000	11,000,000
Preferred stock, liquidation preference per share							$ 25
Preferred stock, shares issued			1,200,000	1,200,000			1,165,000	1,200,000
Proceeds from sale of preferred stock, net			$ 28,400,000	$ 28,400,000
Preferred stock, par value							$ 0.01	$ 0.01
Preferred stock, dividend rate percentage							8.25%	8.25%
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member] | Sotherly Hotels LP [Member]
Preferred Units [Line Items]
Preferred units, dividend rate percentage							8.25%	8.25%
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, liquidation preference per share							$ 25
Preferred stock, shares issued							1,384,610	1,554,610
Preferred stock, par value							$ 0.01	$ 0.01
Preferred stock, dividend rate percentage							7.875%	7.875%
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member] | Sotherly Hotels LP [Member]
Preferred Units [Line Items]
Preferred units, dividend rate percentage							7.875%	7.875%
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member] | Sales Agency Agreement [Member] | Sandler O’Neill [Member]
Preferred Units [Line Items]
Preferred stock, shares issued		202,469			52,141					52,141
Proceeds from sale of preferred stock, net		$ 4,900,000								$ 1,000,000
Preferred stock, par value	$ 0.01
Preferred stock, dividend rate percentage	7.875%
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member] | Maximum [Member] | Sales Agency Agreement [Member] | Sandler O’Neill [Member]
Preferred Units [Line Items]
Shares available for sale through sales agent	400,000

Preferred Stock and Units - Sch

Preferred Stock and Units - Schedule of Series of Cumulative Redeemable Perpetual Preferred Stock (Detail) - $ / shares	Jul. 15, 2019	Dec. 31, 2021	Dec. 31, 2020	May 31, 2019	Apr. 30, 2019
Class Of Stock [Line Items]
Preferred Stock, Liquidation Preference		$ 25	$ 25
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred Stock, Per Annum Rate		8.00%	8.00%
Preferred Stock, Liquidation Preference		$ 25
Preferred Stock, Number of Shares Issued		1,510,000	1,610,000
Preferred Stock, Number of Shares Outstanding		1,510,000	1,610,000
Preferred Stock, Quarterly Distributions Per Share		$ 0.500000
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred Stock, Per Annum Rate		7.875%	7.875%
Preferred Stock, Liquidation Preference		$ 25
Preferred Stock, Number of Shares Issued		1,384,610	1,554,610
Preferred Stock, Number of Shares Outstanding		1,384,610	1,554,610
Preferred Stock, Quarterly Distributions Per Share		$ 0.492188
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred Stock, Per Annum Rate		8.25%	8.25%
Preferred Stock, Liquidation Preference		$ 25
Preferred Stock, Number of Shares Issued		1,165,000	1,200,000	1,200,000	1,200,000
Preferred Stock, Number of Shares Outstanding		1,165,000	1,200,000
Preferred Stock, Quarterly Distributions Per Share	$ 0.41823	$ 0.515625

Preferred Stock and Units - S_2

Preferred Stock and Units - Schedule of Series of Cumulative Redeemable Perpetual Preferred Units (Detail) - Sotherly Hotels LP [Member] - $ / shares	1 Months Ended				12 Months Ended
	May 31, 2019	Apr. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2021	Dec. 31, 2020
8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Preferred Units, Per Annum Rate					8.00%
Preferred Units, Liquidation Preference					$ 25
Preferred Units, Number of Units Issued					1,510,000	1,610,000
Preferred Units, Number of Units Outstanding					1,510,000	1,610,000
Preferred Units, Quarterly Distributions Per Unit					$ 0.500000
7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Preferred Units, Per Annum Rate			7.875%	7.875%	7.875%
Preferred Units, Liquidation Preference					$ 25
Preferred Units, Number of Units Issued					1,384,610	1,554,610
Preferred Units, Number of Units Outstanding					1,384,610	1,554,610
Preferred Units, Quarterly Distributions Per Unit					$ 0.492188
8.25% Series D Cumulative Redeemable Perpetual Preferred Units [Member]
Preferred Units [Line Items]
Preferred Units, Per Annum Rate	8.25%	8.25%			8.25%
Preferred Units, Liquidation Preference					$ 25
Preferred Units, Number of Units Issued					1,165,000	1,200,000
Preferred Units, Number of Units Outstanding					1,165,000	1,200,000
Preferred Units, Quarterly Distributions Per Unit					$ 0.515625

Preferred Stock and Units - Qua

Preferred Stock and Units - Quarterly Distributions Declared and Payable by Operating Partnership (Detail) - Sotherly Hotels LP [Member] - $ / shares	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
8% Series B Cumulative Redeemable Perpetual Preferred Units [Member]
Class Of Stock [Line Items]
Preferred Stock, Quarterly Distributions Per Share	$ 0.500000	$ 0.500000	$ 0.500000	$ 0.500000	$ 0.500000
7.875% Series C Cumulative Redeemable Perpetual Preferred Units [Member]
Class Of Stock [Line Items]
Preferred Stock, Quarterly Distributions Per Share		0.492188	0.492188	0.492188	$ 0.492188
8.25% Series D Cumulative Redeemable Perpetual Preferred Units [Member]
Class Of Stock [Line Items]
Preferred Stock, Quarterly Distributions Per Share	$ 0.515625	$ 0.515625	$ 0.515625	$ 0.418230

Preferred Stock and Units - Q_2

Preferred Stock and Units - Quarterly Distributions Declared and Payable by Operating Partnership (Parenthetical) (Detail) - $ / shares	Jul. 15, 2019	Dec. 31, 2021
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred Stock, Quarterly Distributions Per Share	$ 0.41823	$ 0.515625

Common Stock and Units - Additi

Common Stock and Units - Additional Information (Detail)	Dec. 16, 2021shares	Dec. 09, 2021shares	Dec. 03, 2021shares	Jun. 21, 2021shares	Feb. 04, 2021shares	Dec. 17, 2020shares	Dec. 01, 2020shares	May 01, 2020shares	Feb. 23, 2020shares	Jan. 01, 2020shares	Oct. 01, 2019shares	Feb. 22, 2019shares	Feb. 11, 2019shares	Dec. 02, 2016USD ($)$ / shares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019shares	Dec. 31, 2021USD ($)$ / sharesshares
Class of Stock [Line Items]
Common stock, shares authorized															69,000,000	69,000,000		69,000,000
Common stock, par value | $ / shares														$ 0.01	$ 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 | $																$ 5,900,000
Number of common stock shares repurchased																882,820
Stock repurchase program authorization expires date																Dec. 31, 2020
Common stock, shares outstanding															17,441,058	15,023,850		17,441,058
Common stock exchange ratio															1			1
Redemption of units in operating partnership																		0
Operating Partnership common units not owned															1,133,720	1,166,501		1,133,720
Unpaid common dividends and distributions amount to holders | $															$ 2,088,160			$ 2,088,160
Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Operating Partnership common units outstanding															18,574,778	16,190,351		18,574,778
Fair market value | $															$ 2,400,000	$ 2,900,000		$ 2,400,000
Privately-negotiated Share Exchange Agreement [Member] | Series C Preferred Stock [Member]
Class of Stock [Line Items]
Issuance of common stock, shares		75,000	10,000	85,000
Privately-negotiated Share Exchange Agreement [Member] | Series B Preferred Stock [Member]
Class of Stock [Line Items]
Issuance of common stock, shares				100,000
Privately-negotiated Share Exchange Agreement [Member] | Series D Preferred Stock [Member]
Class of Stock [Line Items]
Issuance of common stock, shares				35,000
Common Stock [Member]
Class of Stock [Line Items]
Conversion of units in Operating Partnership to shares of common stock, shares	32,681				100		15,000	57,687		488,952	50,000				32,781	561,639	50,000
Issuance of common stock, shares															151,281
Unrestricted shares issued					136,281				2,250
Number of issued unit in Operating Partnership									15,000	45,000
Restricted shares issued									17,250	45,000						187,583	13,000
Common Stock [Member] | Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Number of issued unit in Operating Partnership					15,000	127,583						250	12,750
Common Stock [Member] | Privately-negotiated Share Exchange Agreement [Member]
Class of Stock [Line Items]
Issuance of common stock, shares		620,919	69,500	1,542,727
Maximum [Member]
Class of Stock [Line Items]
Repurchased common stock, value | $														$ 10,000,000

Common Stock and Units - Quarte

Common Stock and Units - Quarterly Stock Dividends and Unit Distributions Declared and Payable Per Common Stock/Unit (Detail) - $ / shares	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Sotherly Hotels LP [Member]
Class of Stock [Line Items]
Dividends payable amount per share	$ 0.130	$ 0.130	$ 0.130	$ 0.130	$ 0.125

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	Dec. 16, 2021shares	Jun. 04, 2021USD ($)	Feb. 04, 2021shares	Dec. 01, 2020shares	May 01, 2020shares	Apr. 01, 2020	Jan. 01, 2020USD ($)Hotelshares	Dec. 13, 2019USD ($)ft²Hotel	Oct. 01, 2019shares	Dec. 31, 2021USD ($)Hotel	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2021USD ($)Hotelshares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares	Feb. 25, 2022	Nov. 15, 2020Resort	Oct. 31, 2019	Sep. 06, 2019Hotel
Related Party Transaction [Line Items]
Net operating income										$ (11,902,483)	$ 2,786,602	$ 3,143,151	$ (2,082,276)	$ (9,107,223)	$ (7,409,739)	$ (11,429,205)	$ (1,803,503)	$ (8,055,006)	$ (29,749,670)	$ 18,346,515
Common Stock [Member]
Related Party Transaction [Line Items]
Conversion of units in Operating Partnership to shares of common stock, shares | shares	32,681		100	15,000	57,687		488,952		50,000									32,781	561,639	50,000
Common Stock [Member] | Chairman [Member]
Related Party Transaction [Line Items]
Conversion of units in Operating Partnership to shares of common stock, shares | shares	32,681
OTH Master Agreement [Member]
Related Party Transaction [Line Items]
Net operating income																		$ 250,000
Percentage of management fee due										2.50%								2.50%
Management fee of gross revenues for first full fiscal year										2.00%								2.00%
Management fee of gross revenues for second full fiscal year										2.25%								2.25%
Management fee of gross revenues for every year thereafter										2.50%								2.50%
Our Town Hospitality [Member]
Related Party Transaction [Line Items]
Number of wholly owned hotels | Hotel										11								11
Accounts receivable - affiliate										$ 200,000				700,000				$ 200,000	$ 700,000
Guaranteed minimum incentive management fee in satisfaction of remainder of unrepaid management fee advances																		250,000
Our Town Hospitality [Member] | Master Agreement [Member]
Related Party Transaction [Line Items]
Number of rental programs | Resort																						2
Our Town Hospitality [Member] | Credit Agreement in Partial Satisfaction [Member]
Related Party Transaction [Line Items]
Working capital and management fee advances		$ 299,900
Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Expire date of remaining individual hotels						Apr. 1, 2020
Andrew M. Sims [Member]
Related Party Transaction [Line Items]
Business-related air travel expense reimbursed to partnership																		$ 0	0	$ 119,907
Andrew M. Sims [Member] | Our Town Hospitality [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests										48.50%								48.50%
Andrew M. Sims [Member] | Our Town Hospitality [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests																					51.30%
Andrew M. Sims [Member] | Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests										0.00%								0.00%					19.30%
David R. Folsom [Member] | Our Town Hospitality [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests										1.40%								1.40%
David R. Folsom [Member] | Our Town Hospitality [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests																					1.50%
Our Town Hospitality [Member]
Related Party Transaction [Line Items]
Area of office space subleased | ft²								2,245
Sublease term								5 years
Additional renewal of agreement								5 years
Lessee, operating lease, existence of option to extend [true false]																		true
Lease payments due																		$ 144,452	158,454
Maximum amount of credit available capped		894,900
Total amount of advances		$ 894,900
Additional advances allowed																		$ 0
Maturity date extended period																		Dec. 31, 2026
Line of credit facility, interest rate at period								3.50%
Line of Credit Facility, Outstanding																		$ 0	600,000
Employee medical benefits paid																		2,800,000	2,900,000
Our Town Hospitality [Member] | December 31, 2021 [Member]
Related Party Transaction [Line Items]
Principal payments																		100,000
Our Town Hospitality [Member] | December 31, 2022 [Member]
Related Party Transaction [Line Items]
Principal payments																		100,000
Our Town Hospitality [Member] | December 31, 2023 [Member]
Related Party Transaction [Line Items]
Principal payments																		100,000
Our Town Hospitality [Member] | December 31, 2024 [Member]
Related Party Transaction [Line Items]
Principal payments																		100,000
Our Town Hospitality [Member] | December 31, 2025 [Member]
Related Party Transaction [Line Items]
Principal payments																		100,000
Our Town Hospitality [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Working capital line of credit								$ 500,000
Our Town Hospitality [Member] | Master Agreement [Member]
Related Party Transaction [Line Items]
Number of wholly owned hotels | Hotel																								10
Base management fees earned by related party																		3,400,000	1,500,000
Our Town Hospitality [Member] | OTH Master Agreement [Member]
Related Party Transaction [Line Items]
Number of wholly owned hotels | Hotel								10
Unreimbursed management fee advances																			549,900
Percentage of reduction in payable fees								25.00%
Working capital										$ 0				$ 600,000				$ 0	600,000
Our Town Hospitality [Member] | OTH Master Agreement [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Initial working capital								$ 1,000,000
Kim E. Sims [Member] | Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests										24.80%								24.80%
Christopher L. Sims [Member] | Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Percentage of total outstanding ownership interests										24.80%								24.80%
Chesapeake Hospitality [Member]
Related Party Transaction [Line Items]
Employee medical benefits paid																		$ 0	200,000	$ 5,600,000
Expire date of wholly-owned hotels																				Jan. 1, 2020
Number of wholly-owned hotels expired | Hotel							10
Termination fees paid							$ 200,000
Agreement term																		5 years
Base management and administrative fees earned by related party																		$ 0	241,332	$ 4,803,185
Incentive management fees expense by related party																		0	(40,375)	164,168
Workers' compensation insurance premium paid																		$ 0	100,000	1,000,000
Chesapeake Hospitality [Member] | Fiscal Year 2017 [Member]
Related Party Transaction [Line Items]
Percentage of management fee due										2.65%								2.65%
Chesapeake Hospitality [Member] | Fiscal Year 2017 and Thereafter [Member]
Related Party Transaction [Line Items]
Percentage of management fee due										2.50%								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%								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%								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%								2.50%
Immediate Family Members of Chairman [Member]
Related Party Transaction [Line Items]
Total compensation for related parties																		$ 462,809	$ 464,218	$ 415,005
Former Director [Member]
Related Party Transaction [Line Items]
Conversion of units in Operating Partnership to shares of common stock, shares | shares					57,867		410,000

Retirement Plans - Additional I

Retirement Plans - Additional Information (Detail) - USD ($)	May 15, 2020	Feb. 28, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 29, 2016
Compensation And Retirement Disclosure [Abstract]
Deferral equal to 3.0% of eligible employee compensation	100.00%
Deferral equal to the next 2.0% of eligible employee compensation	50.00%
Percentage of deferral equal to eligible employee compensation	3.00%
Percentage of next specified deferral equal to eligible employee compensation	2.00%
Percentage of discretionary contribution eligible employee compensation			3.00%
Contribution for retirement plan			$ 53,474	$ 42,841	$ 72,438
Maximum amount allocated to purchase common stock under ESOP							$ 5,000,000
Number of common stock, shares purchased		682,500
Purchased common stock, value		$ 4,900,000
Total number of ESOP shares			247,606	170,419
Fair value of ESOP released from suspense account and recognized compensation cost			$ 517,496	$ 426,048
Compensation cost recognized			$ 172,000	$ 175,367		$ 219,645
Number of non committed, unearned ESOP shares			431,697	509,069	574,816
Fair value of unallocated ESOP shares			$ 902,247	$ 1,272,672
Number of ESOP shares allocated			247,606	170,419
Number of ESOP shares committed to be released			0

Retirement Plans - Summary of S

Retirement Plans - Summary of Shares Allocations are Accounted For Fair Value on The Date of Allocations (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Compensation And Retirement Disclosure [Abstract]
Number of ESOP shares allocated	247,606	170,419
Number of ESOP shares committed to be released	0
Total number of ESOP allocated and committed-to-be-released	247,606	170,419
Number of non committed, unearned ESOP shares	431,697	509,069	574,816
Total number of ESOP shares	679,303	679,488
Fair value of ESOP allocated shares	$ 517,496	$ 426,048
Total fair value of ESOP allocated and committed-to-be-released	517,496	426,048
Fair value of ESOP unallocated shares	902,247	1,272,672
Total fair value of ESOP shares	$ 1,419,743	$ 1,698,720

Indirect Hotel Operating Expe_3

Indirect Hotel Operating Expenses - Summary of Indirect Hotel Operating Expenses (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	$ 55,100,245	$ 45,487,308	$ 70,395,633
Sales and Marketing [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	11,684,933	8,094,085	16,857,613
General and Administrative [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	10,533,201	10,542,495	15,401,458
Repairs and Maintenance [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	7,362,334	5,490,145	7,939,836
Utilities [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	5,309,637	4,817,508	6,282,218
Property Taxes [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	6,131,271	7,014,472	7,044,085
Management Fees, Including Incentive [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	3,620,071	1,822,359	5,259,194
Franchise Fees [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	3,321,352	2,042,902	4,706,459
Insurance [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	3,596,153	3,097,245	3,303,366
Information and Telecommunications [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	3,048,495	2,271,266	2,558,489
Other [Member]
Component Of Operating Cost And Expense [Line Items]
Total indirect hotel operating expenses	$ 492,798	$ 294,831	$ 1,042,915

Income Taxes - Components of In

Income Taxes - Components of Income Tax (Benefit) Provision (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal		$ (125,587)	$ (125,587)
State	$ 27,392	(6,054)	157,012
Total	27,392	(131,641)	31,425
Deferred:
Federal	(149,704)	(7,576,931)	(244,360)
State	(38,580)	(1,705,939)	(36,545)
Subtotals	(188,284)	(9,282,870)	(280,905)
Change in deferred tax valuation allowance	188,284	14,694,954
Deferred income taxes		5,412,084	(280,905)
Income tax (benefit) provision	$ 27,392	$ 5,280,443	$ (249,480)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory Federal Income Tax Provision (Benefit) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Statutory federal income tax provision	$ (5,987,572)	$ (10,164,517)	$ 194,479
Effect of non-taxable REIT loss	6,026,152	17,156,953	(564,426)
State income tax provision	(11,188)	(1,711,993)	120,467
Income tax (benefit) provision	$ 27,392	$ 5,280,443	$ (249,480)

Income Taxes - Schedule of Sign

Income Taxes - Schedule of Significant Components of Deferred Tax Asset (Detail) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax asset:
Net operating loss carryforwards	$ 14,270,273	$ 14,409,456	$ 4,988,283
Accrued compensation	337,630	108,595	335,621
Accrued expenses and other	246,742	128,257	19,427
Intangible assets	28,593	48,647	68,753
Less: Valuation allowance	$ (14,883,238)	$ (14,694,955)
Total			$ 5,412,084

Loss per Share and per Unit - A

Loss per Share and per Unit - Additional Information (Detail) - shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Number of non-committed, unearned ESOP shares	431,697	509,069	574,816

Loss per Share and per Unit - C

Loss per Share and per Unit - Computation of Basic Net Loss Per Share (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator
Net loss attributable to common stockholders for basic computation	$ (17,209,210)	$ (4,317,081)	$ (2,810,603)	$ (9,064,995)	$ (14,240,987)	$ (12,259,908)	$ (17,124,612)	$ (14,323,699)	$ (33,401,889)	$ (57,949,206)	$ (5,911,251)
Denominator
Weighted average number of common shares outstanding									16,021,811	14,866,197	14,233,513
Weighted average number of Unearned ESOP Shares									(490,128)	(554,148)	(590,940)
Total weighted average number of common shares outstanding for basic computation									15,531,684	14,312,049	13,642,573
Basic net loss per share									$ (2.15)	$ (4.05)	$ (0.43)

Loss per Share and per Unit -_2

Loss per Share and per Unit - Computation of Basic Loss Per Unit (Detail) - Sotherly Hotels LP [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items]
Net loss attributable to general and limited partnership unitholders for basic computation	$ (35,720,055)	$ (62,438,547)	$ (6,645,127)
Weighted average number of general and limited partnership units outstanding	17,186,789	16,065,499	16,011,653
Basic net loss per general and limited partnership unit	$ (2.08)	$ (3.89)	$ (0.42)

Quarterly Operating Results -_3

Quarterly Operating Results - Unaudited - Quarterly Operating Results (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 35,075,957	$ 35,493,126	$ 34,383,309	$ 22,635,532	$ 14,585,726	$ 14,414,478	$ 5,293,907	$ 37,208,465
Total operating expenses	46,978,440	32,706,524	31,240,158	24,717,808	23,692,949	21,824,217	16,723,112	39,011,968
Net operating income (loss)	(11,902,483)	2,786,602	3,143,151	(2,082,276)	(9,107,223)	(7,409,739)	(11,429,205)	(1,803,503)	$ (8,055,006)	$ (29,749,670)	$ 18,346,515
Net income (loss)	(16,881,825)	(2,528,221)	(1,553,970)	(7,575,624)	(13,010,359)	(11,039,271)	(16,301,070)	(13,332,205)	(28,539,640)	(53,682,905)	1,175,568
Net loss attributable to common shareholders	$ (17,209,210)	$ (4,317,081)	$ (2,810,603)	$ (9,064,995)	$ (14,240,987)	$ (12,259,908)	$ (17,124,612)	$ (14,323,699)	$ (33,401,889)	$ (57,949,206)	$ (5,911,251)
Loss per share attributable to common shareholders– basic and diluted	$ (1.05)	$ (0.27)	$ (0.19)	$ (0.62)	$ (0.98)	$ (0.86)	$ (1.20)	$ (1.01)
Net loss available to operating partnership unitholders	$ (18,358,031)	$ (4,607,249)	$ (2,990,241)	$ (9,764,534)	$ (15,199,271)	$ (13,228,181)	$ (18,489,980)	$ (15,521,115)
Loss per unit attributable to operating partnership unitholders– basic and diluted	$ (1.02)	$ (0.26)	$ (0.18)	$ (0.60)	$ (0.95)	$ (0.82)	$ (1.15)	$ (0.97)

Subsequent Events- Additional I

Subsequent Events- Additional Information (Detail) - USD ($)

Mar. 24, 2022

Feb. 15, 2022

Jan. 21, 2022

Dec. 13, 2021

Dec. 09, 2021

Dec. 03, 2021

Jun. 21, 2021

Feb. 23, 2020

Jan. 01, 2020

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Privately-negotiated Share Exchange Agreement [Member] | Series B Preferred Stock [Member]

Subsequent Event [Line Items]

Issuance of common stock awards, shares

100,000

Privately-negotiated Share Exchange Agreement [Member] | Series C Preferred Stock [Member]

Subsequent Event [Line Items]

Issuance of common stock awards, shares

75,000

10,000

85,000

Sheraton Louisville Riverside [Member]

Subsequent Event [Line Items]

Proceeds from sale of hotel property

$ 11,500,000

Net proceeds from from sale of hotel property

$ 0

Common Stock [Member]

Subsequent Event [Line Items]

Restricted shares issued

17,250

45,000

187,583

13,000

Issuance of unrestricted shares

2,250

Issuance of common stock awards, shares

151,281

Common Stock [Member] | Privately-negotiated Share Exchange Agreement [Member]

Subsequent Event [Line Items]

Issuance of common stock awards, shares

620,919

69,500

1,542,727

Subsequent Events [Member] | Privately-negotiated Share Exchange Agreement [Member] | Series B Preferred Stock [Member]

Subsequent Event [Line Items]

Issuance of common stock awards, shares

7,000

Subsequent Events [Member] | Privately-negotiated Share Exchange Agreement [Member] | Series C Preferred Stock [Member]

Subsequent Event [Line Items]

Issuance of common stock awards, shares

3,000

Subsequent Events [Member] | Sheraton Louisville Riverside [Member]

Subsequent Event [Line Items]

Proceeds from sale of hotel property

$ 11,500,000

Net proceeds from from sale of hotel property

$ 0

Subsequent Events [Member] | Common Stock [Member] | Privately-negotiated Share Exchange Agreement [Member]

Subsequent Event [Line Items]

Issuance of common stock awards, shares

96,900

Subsequent Events [Member] | Independent Directors [Member] | Common Stock [Member]

Subsequent Event [Line Items]

Restricted shares issued

15,000

Subsequent Events [Member] | Directors, Officers, and Employees [Member] | Common Stock [Member]

Subsequent Event [Line Items]

Issuance of unrestricted shares

168,037

Subsequent Events [Member] | Employees [Member] | Common Stock [Member]

Subsequent Event [Line Items]

Restricted shares issued

7,231

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Encumbrances	$ 352,625
Initial Costs, Land	58,009
Initial Costs, Building & Improvements	316,046
Costs Capitalized Subsequent to Acquisition, Land	8,185
Costs Capitalized Subsequent to Acquisition, Building & Improvements	127,380
Gross Amount at End of Year, Land	66,194
Gross Amount at End of Year, Building & Improvements	443,426
Gross Amount at End of Year, Total	509,620	$ 508,153	$ 504,300
Accumulated Depreciation & Impairment	$ (129,895)
The DeSoto - Savannah, Georgia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	The DeSoto – Savannah, Georgia
Encumbrances	$ 32,149
Initial Costs, Land	600
Initial Costs, Building & Improvements	13,562
Costs Capitalized Subsequent to Acquisition, Land	813
Costs Capitalized Subsequent to Acquisition, Building & Improvements	20,398
Gross Amount at End of Year, Land	1,413
Gross Amount at End of Year, Building & Improvements	33,960
Gross Amount at End of Year, Total	35,373
Accumulated Depreciation & Impairment	$ (14,248)
Date of Construction	1968
Date Acquired	2004
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	$ 33,051
Initial Costs, Land	7,090
Initial Costs, Building & Improvements	14,604
Costs Capitalized Subsequent to Acquisition, Land	148
Costs Capitalized Subsequent to Acquisition, Building & Improvements	7,375
Gross Amount at End of Year, Land	7,238
Gross Amount at End of Year, Building & Improvements	21,979
Gross Amount at End of Year, Total	29,217
Accumulated Depreciation & Impairment	$ (9,549)
Date of Construction	1970
Date Acquired	2005
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	$ 8,175
Initial Costs, Land	900
Initial Costs, Building & Improvements	9,443
Costs Capitalized Subsequent to Acquisition, Land	71
Costs Capitalized Subsequent to Acquisition, Building & Improvements	5,784
Gross Amount at End of Year, Land	971
Gross Amount at End of Year, Building & Improvements	15,227
Gross Amount at End of Year, Total	16,198
Accumulated Depreciation & Impairment	$ (6,376)
Date of Construction	1985
Date Acquired	2004
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	$ 40,734
Initial Costs, Land	2,100
Initial Costs, Building & Improvements	22,031
Costs Capitalized Subsequent to Acquisition, Land	399
Costs Capitalized Subsequent to Acquisition, Building & Improvements	7,099
Gross Amount at End of Year, Land	2,499
Gross Amount at End of Year, Building & Improvements	29,130
Gross Amount at End of Year, Total	31,629
Accumulated Depreciation & Impairment	$ (12,997)
Date of Construction	1972
Date Acquired	2004
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	$ 18,300
Initial Costs, Land	815
Initial Costs, Building & Improvements	7,416
Costs Capitalized Subsequent to Acquisition, Land	3,795
Costs Capitalized Subsequent to Acquisition, Building & Improvements	6,849
Gross Amount at End of Year, Land	4,610
Gross Amount at End of Year, Building & Improvements	14,265
Gross Amount at End of Year, Total	18,875
Accumulated Depreciation & Impairment	$ (7,455)
Date of Construction	1971
Date Acquired	2004
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	$ 54,254
Initial Costs, Land	22,865
Initial Costs, Building & Improvements	67,660
Costs Capitalized Subsequent to Acquisition, Land	634
Costs Capitalized Subsequent to Acquisition, Building & Improvements	8,612
Gross Amount at End of Year, Land	23,499
Gross Amount at End of Year, Building & Improvements	76,272
Gross Amount at End of Year, Total	99,771
Accumulated Depreciation & Impairment	$ (13,341)
Date of Construction	1972
Date Acquired	2015
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	$ 41,485
Initial Costs, Land	10,128
Initial Costs, Building & Improvements	45,386
Costs Capitalized Subsequent to Acquisition, Land	(1,251)
Costs Capitalized Subsequent to Acquisition, Building & Improvements	6,521
Gross Amount at End of Year, Land	8,877
Gross Amount at End of Year, Building & Improvements	51,907
Gross Amount at End of Year, Total	60,784
Accumulated Depreciation & Impairment	$ (11,441)
Date of Construction	1911
Date Acquired	2014
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
Hotel Alba Tampa, Tapestry Collection by Hilton - Tampa, Florida [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hotel Alba Tampa, Tapestry Collection by Hilton – Tampa, Florida
Encumbrances	$ 17,383
Initial Costs, Land	4,153
Initial Costs, Building & Improvements	9,670
Costs Capitalized Subsequent to Acquisition, Land	1,773
Costs Capitalized Subsequent to Acquisition, Building & Improvements	25,985
Gross Amount at End of Year, Land	5,926
Gross Amount at End of Year, Building & Improvements	35,655
Gross Amount at End of Year, Total	41,581
Accumulated Depreciation & Impairment	$ (11,740)
Date of Construction	1973
Date Acquired	2007
Hotel Alba Tampa, Tapestry Collection by Hilton - Tampa, Florida [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hotel Alba Tampa, Tapestry Collection by Hilton - Tampa, Florida [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Hotel Ballast Wilmington, Tapestry Collection by Hilton - Wilmington, North Carolina [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hotel Ballast Wilmington, Tapestry Collection by Hilton – Wilmington,    North Carolina
Encumbrances	$ 32,605
Initial Costs, Land	785
Initial Costs, Building & Improvements	16,829
Costs Capitalized Subsequent to Acquisition, Land	1,153
Costs Capitalized Subsequent to Acquisition, Building & Improvements	14,872
Gross Amount at End of Year, Land	1,938
Gross Amount at End of Year, Building & Improvements	31,701
Gross Amount at End of Year, Total	33,639
Accumulated Depreciation & Impairment	$ (15,134)
Date of Construction	1970
Date Acquired	2004
Hotel Ballast Wilmington, Tapestry Collection by Hilton - Wilmington, North Carolina [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hotel Ballast Wilmington, Tapestry Collection by Hilton - Wilmington, North Carolina [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Hyatt Centric Arlington - Arlington, Virginia [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hyatt Centric Arlington - Arlington, Virginia
Encumbrances	$ 48,990
Initial Costs, Land	191
Initial Costs, Building & Improvements	70,369
Costs Capitalized Subsequent to Acquisition, Land	79
Costs Capitalized Subsequent to Acquisition, Building & Improvements	1,739
Gross Amount at End of Year, Land	270
Gross Amount at End of Year, Building & Improvements	72,108
Gross Amount at End of Year, Total	72,378
Accumulated Depreciation & Impairment	$ (7,146)
Date Acquired	2018
Hyatt Centric Arlington - Arlington, Virginia [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hyatt Centric Arlington - Arlington, Virginia [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	$ 10,947
Initial Costs, Land	782
Initial Costs, Building & Improvements	6,891
Costs Capitalized Subsequent to Acquisition, Land	407
Costs Capitalized Subsequent to Acquisition, Building & Improvements	14,959
Gross Amount at End of Year, Land	1,189
Gross Amount at End of Year, Building & Improvements	21,850
Gross Amount at End of Year, Total	23,039
Accumulated Depreciation & Impairment	$ (12,619)
Date of Construction	1972
Date Acquired	2006
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	$ 14,552
Initial Costs, Land	7,374
Initial Costs, Building & Improvements	22,185
Costs Capitalized Subsequent to Acquisition, Land	164
Costs Capitalized Subsequent to Acquisition, Building & Improvements	7,187
Gross Amount at End of Year, Land	7,538
Gross Amount at End of Year, Building & Improvements	29,372
Gross Amount at End of Year, Total	36,910
Accumulated Depreciation & Impairment	$ (6,975)
Date of Construction	1963
Date Acquired	2013
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
Hyde Resort & Residences [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hyde Resort & Residences
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	$ (541)
Date of Construction	2016
Date Acquired	2017
Hyde Resort & Residences [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hyde Resort & Residences [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	39 years
Hyde Beach House Resort & Residences [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Description	Hyde Beach House Resort & Residences
Initial Costs, Building & Improvements	$ 5,710
Gross Amount at End of Year, Building & Improvements	5,710
Gross Amount at End of Year, Total	5,710
Accumulated Depreciation & Impairment	$ (333)
Date of Construction	2019
Date Acquired	2019
Hyde Beach House Resort & Residences [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Life on Which Depreciation is Computed	3 years
Hyde Beach House Resort & Residences [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 an_3

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) $ in Millions	Dec. 31, 2021USD ($)
Real Estate And Accumulated Depreciation Disclosure [Abstract]
Aggregate cost of our real estate assets for federal income tax	$ 495.2

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Reconciliation of Real Estate and Accumulated Depreciation (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Real Estate
Beginning Balance	$ 508,153,000	$ 504,300,000
Improvements	2,147,000	4,066,000
Disposal of Assets	(680,000)	(213,000)
Ending Balance	509,620,000	508,153,000
Reconciliation of Accumulated Depreciation
Beginning Balance	111,758,000	97,537,000
Current Expense	14,474,000	14,355,000
Impairment	12,201,461
Disposal of Assets	(8,538,000)	(134,000)
Ending Balance	$ 129,895,000	$ 111,758,000