$SOHO
Sotherly Hotels Inc.

2023 Q2 Form 10-Q Financial Statement

#000095017023021733 Filed on May 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2023 Q1 2022 Q1
Revenue $49.02M $43.49M $38.35M
YoY Change 3.92% 13.4% 69.44%
Cost Of Revenue $34.18M $31.41M $12.31M
YoY Change 5.48% 155.08% -33.2%
Gross Profit $14.84M $12.08M $26.04M
YoY Change 0.48% -53.61% 519.85%
Gross Profit Margin 30.28% 27.77% 67.89%
Selling, General & Admin $20.25M $18.73M $17.58M
YoY Change 7.89% 6.55% 36.36%
% of Gross Profit 136.45% 155.05% 67.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.763M $4.578M $4.565M
YoY Change 3.1% 0.29% -8.33%
% of Gross Profit 32.09% 37.9% 17.53%
Operating Expenses $25.01M $23.31M $22.14M
YoY Change 6.95% 5.26% -10.42%
Operating Profit $8.290M $5.520M $3.896M
YoY Change 1.1% 41.7% -287.09%
Interest Expense $4.288M $4.114M -$4.727M
YoY Change -19.74% -187.03% -179.85%
% of Operating Profit 51.73% 74.52% -121.33%
Other Income/Expense, Net
YoY Change
Pretax Income $5.274M $1.403M -$801.3K
YoY Change -80.9% -275.05% -89.41%
Income Tax $16.54K $15.18K $9.654K
% Of Pretax Income 0.31% 1.08%
Net Earnings $5.127M $1.412M -$810.9K
YoY Change -80.34% -274.18% -89.3%
Net Earnings / Revenue 10.46% 3.25% -2.11%
Basic Earnings Per Share $0.16 -$0.03 -$0.15
Diluted Earnings Per Share $0.16 -$0.03 -$37.82K
COMMON SHARES
Basic Shares Outstanding 19.31M 19.24M 17.17M
Diluted Shares Outstanding 18.72M 18.64M

Balance Sheet

Concept 2023 Q2 2023 Q1 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $24.23M $23.43M $20.18M
YoY Change 1.07% 16.08% -4.34%
Cash & Equivalents $24.23M $23.43M $20.20M
Short-Term Investments
Other Short-Term Assets $10.52M $8.016M $7.129M
YoY Change 28.68% 12.43% -14.1%
Inventory
Prepaid Expenses
Receivables $5.247M $4.317M $3.959M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $39.99M $35.76M $31.27M
YoY Change 10.38% 14.35% -5.52%
LONG-TERM ASSETS
Property, Plant & Equipment $360.1M $362.9M $384.4M
YoY Change -2.55% -5.6% -9.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.963M $8.557M $10.14M
YoY Change 7.84% -15.59% -14.81%
Total Long-Term Assets $368.0M $371.5M $394.6M
YoY Change -2.35% -5.86% -9.4%
TOTAL ASSETS
Total Short-Term Assets $39.99M $35.76M $31.27M
Total Long-Term Assets $368.0M $371.5M $394.6M
Total Assets $408.0M $407.2M $425.8M
YoY Change -1.23% -4.37% -9.12%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.52M $27.74M $38.09M
YoY Change -14.33% -27.17% 14.38%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $32.30M $33.36M $44.04M
YoY Change -9.68% -24.26% -3.2%
LONG-TERM LIABILITIES
Long-Term Debt $321.2M $320.7M $365.7M
YoY Change -3.61% -12.3% -5.29%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $321.2M $320.7M $365.7M
YoY Change -3.61% -12.3% -5.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $32.30M $33.36M $44.04M
Total Long-Term Liabilities $321.2M $320.7M $365.7M
Total Liabilities $353.5M $354.0M $404.8M
YoY Change -4.2% -12.54% -4.86%
SHAREHOLDERS EQUITY
Retained Earnings -$118.4M -$119.6M
YoY Change -7.36%
Common Stock $176.5M $176.0M
YoY Change -1.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $55.55M $53.93M $21.04M
YoY Change
Total Liabilities & Shareholders Equity $408.0M $407.2M $425.8M
YoY Change -1.23% -4.37% -9.12%

Cashflow Statement

Concept 2023 Q2 2023 Q1 2022 Q1
OPERATING ACTIVITIES
Net Income $5.127M $1.412M -$810.9K
YoY Change -80.34% -274.18% -89.3%
Depreciation, Depletion And Amortization $4.763M $4.578M $4.565M
YoY Change 3.1% 0.29% -8.33%
Cash From Operating Activities $3.865M $9.968M $7.454M
YoY Change -164.43% 33.73% -1046.26%
INVESTING ACTIVITIES
Capital Expenditures $2.970M $1.534M -$1.124M
YoY Change -301.43% -236.49% 15.86%
Acquisitions
YoY Change
Other Investing Activities $138.6K $425.1K $11.10M
YoY Change -99.67% -96.17%
Cash From Investing Activities -$2.831M -$1.109M $9.975M
YoY Change -107.0% -111.11% -1125.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -830.6K -4.215M -12.69M
YoY Change -97.51% -66.78% 2169.41%
NET CHANGE
Cash From Operating Activities 3.865M 9.968M 7.454M
Cash From Investing Activities -2.831M -1.109M 9.975M
Cash From Financing Activities -830.6K -4.215M -12.69M
Net Change In Cash 203.2K 4.645M 4.743M
YoY Change -80.29% -2.08% -304.48%
FREE CASH FLOW
Cash From Operating Activities $3.865M $9.968M $7.454M
Capital Expenditures $2.970M $1.534M -$1.124M
Free Cash Flow $895.2K $8.434M $8.578M
YoY Change -119.79% -1.67% 4605.82%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2023Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2023Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001301236
CY2023Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q1 dei Amendment Flag
AmendmentFlag
false
CY2023Q1 dei Document Type
DocumentType
10-Q
CY2023Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2023Q1 dei Document Period End Date
DocumentPeriodEndDate
2023-03-31
CY2023Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity Registrant Name
EntityRegistrantName
SOTHERLY HOTELS INC.
CY2023Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
MD
CY2023Q1 dei Entity File Number
EntityFileNumber
001-32379
CY2023Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
20-1531029
CY2023Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
306 South Henry Street, Suite 100
CY2023Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Williamsburg
CY2023Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
CY2023Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
23185
CY2023Q1 dei City Area Code
CityAreaCode
757
CY2023Q1 dei Local Phone Number
LocalPhoneNumber
229-5648
CY2023Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2023Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2023Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2023Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2023Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2023Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2023Q1 dei Entity Shell Company
EntityShellCompany
false
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
19310803
CY2023Q1 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
362900039
CY2022Q4 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
365070725
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23429595
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21918680
CY2023Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
8556641
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5422950
CY2023Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
4316649
CY2022Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
5844904
CY2023Q1 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8015602
CY2022Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
8311862
CY2023Q1 us-gaap Assets
Assets
407218526
CY2022Q4 us-gaap Assets
Assets
406569121
CY2023Q1 soho Long Term Debt Excluding Unsecured Debt
LongTermDebtExcludingUnsecuredDebt
318555434
CY2022Q4 soho Long Term Debt Excluding Unsecured Debt
LongTermDebtExcludingUnsecuredDebt
320482103
CY2023Q1 us-gaap Unsecured Debt
UnsecuredDebt
2135164
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
2545975
CY2023Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
27738428
CY2022Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
25704835
CY2023Q1 soho Advance Deposits
AdvanceDeposits
3532639
CY2022Q4 soho Advance Deposits
AdvanceDeposits
2233013
CY2023Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
2088160
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
4082472
CY2023Q1 us-gaap Liabilities
Liabilities
354049825
CY2022Q4 us-gaap Liabilities
Liabilities
355048398
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
69000000
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
69000000
CY2023Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
19235803
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19235803
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
18951525
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18951525
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
192358
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
189515
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
175823357
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
175611370
CY2023Q1 us-gaap Unearned Esop Shares
UnearnedESOPShares
2555500
CY2022Q4 us-gaap Unearned Esop Shares
UnearnedESOPShares
2601134
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-119572709
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-120985183
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
53927239
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
52254301
CY2023Q1 us-gaap Minority Interest
MinorityInterest
-758538
CY2022Q4 us-gaap Minority Interest
MinorityInterest
-733578
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53168701
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
51520723
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
407218526
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
406569121
CY2023Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43491277
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
38352603
CY2023Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
31412079
CY2022Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
28377842
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4578311
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4565072
CY2022Q1 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
29542
CY2023Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1980765
CY2022Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1514027
CY2023Q1 us-gaap Costs And Expenses
CostsAndExpenses
37971155
CY2022Q1 us-gaap Costs And Expenses
CostsAndExpenses
34427399
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5520122
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3925204
CY2023Q1 us-gaap Interest Expense
InterestExpense
4113597
CY2022Q1 us-gaap Interest Expense
InterestExpense
5713205
CY2023Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
146665
CY2022Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
24448
CY2023Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-442464
CY2022Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
962263
CY2023Q1 soho Paycheck Protection Program Debt Forgiveness
PaycheckProtectionProgramDebtForgiveness
275494
CY2023Q1 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
16476
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1402696
CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-801290
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15182
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9654
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1387514
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-810944
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-24960
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-161621
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1412474
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-649323
CY2023Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1994312
CY2022Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1936617
CY2022Q1 soho Gain Loss On Extinguishment Of Preferred Stock
GainLossOnExtinguishmentOfPreferredStock
78175
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-581838
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2507765
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18635004
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17107820
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
51520723
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1387514
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
121485
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
103901
CY2023Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
12195
CY2023Q1 soho Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
22883
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
53168701
CY2021Q4 us-gaap Shares Issued
SharesIssued
16502930
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-810944
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
357512
CY2022Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
30300
CY2022Q1 us-gaap Amortization Of Esop Award
AmortizationOfESOPAward
14156
CY2022Q1 soho Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
18195
CY2022Q1 soho Extinguishment Of Preferred Stock Shares
ExtinguishmentOfPreferredStockShares
11175
CY2022Q1 us-gaap Shares Issued
SharesIssued
16123324
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1387514
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-810944
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4578311
CY2022Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4565072
CY2023Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
157434
CY2022Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
461537
CY2023Q1 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
6170
CY2022Q1 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
6170
CY2023Q1 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
16476
CY2023Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-442464
CY2022Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
962263
CY2023Q1 soho Paycheck Protection Programme Debt Forgiveness
PaycheckProtectionProgrammeDebtForgiveness
275494
CY2022Q1 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
30722
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
260463
CY2022Q1 us-gaap Share Based Compensation
ShareBasedCompensation
420161
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1119628
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-862972
CY2023Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-259438
CY2022Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
320020
CY2023Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
761332
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2984566
CY2023Q1 soho Increase Decrease In Advances Deposits
IncreaseDecreaseInAdvancesDeposits
1299626
CY2022Q1 soho Increase Decrease In Advances Deposits
IncreaseDecreaseInAdvancesDeposits
289692
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9968070
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7453881
CY2022Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
11063952
CY2023Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1533821
CY2022Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
1123798
CY2023Q1 soho Proceeds From Involuntary Conversion
ProceedsFromInvoluntaryConversion
425104
CY2022Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
35000
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1108717
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
9975154
CY2023Q1 soho Payments On Mortgage Loans
PaymentsOnMortgageLoans
1945624
CY2022Q1 soho Payments On Mortgage Loans
PaymentsOnMortgageLoans
12685793
CY2023Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
142502
CY2023Q1 soho Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
132309
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1994312
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4214747
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-12685793
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4644606
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4743242
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27341630
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25578537
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31986236
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
30321779
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
4042426
CY2022Q1 us-gaap Interest Paid Net
InterestPaidNet
4049577
CY2023Q1 soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
858120
CY2022Q1 soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
-163699
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
27341630
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25578537
CY2023Q1 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2004-08-20
CY2023Q1 soho Number Of Rooms In Hotel
NumberOfRoomsInHotel
2786
CY2023Q1 soho Number Of Independent Hotels
NumberOfIndependentHotels
3
CY2023Q1 soho Date Of Commencement Of Business
DateOfCommencementOfBusiness
2004-12-21
CY2023Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6
CY2023Q1 soho Interest Reserves
InterestReserves
1600000
CY2023Q1 us-gaap Restricted Cash
RestrictedCash
8556641
CY2023Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2022Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2023Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23429595
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
20184327
CY2022Q1 us-gaap Restricted Cash
RestrictedCash
10137452
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31986236
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30321779
CY2023Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:4.533%;font-size:10.0pt;margin-top:12.0pt;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Concentration of Credit Risk</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> – We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) protection limits of $</span><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">250,000</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">. 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.</span></p>
CY2023Q1 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2023Q1 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
229164
CY2022Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
241038
CY2023Q1 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
11874
CY2022Q1 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
12007
CY2022Q4 soho Operating Partnership Common Units Outstanding
OperatingPartnershipCommonUnitsOutstanding
19776713
CY2023Q1 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
825188
CY2022Q4 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
825188
CY2023Q1 soho Long Term Debt Excluding Unsecured Debt
LongTermDebtExcludingUnsecuredDebt
318555434
CY2022Q4 soho Long Term Debt Excluding Unsecured Debt
LongTermDebtExcludingUnsecuredDebt
320482103
CY2023Q1 soho Preferred Units Amount Of Undeclared And Cumulative Preferred Dividends
PreferredUnitsAmountOfUndeclaredAndCumulativePreferredDividends
23900000
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
644324
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
837589
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1334430
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
748994
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
735964
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
9430066
CY2023Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
13731367
CY2023Q1 soho Minimum Percentage Of Likelihood Of Realization Of Deferred Tax Assets
MinimumPercentageOfLikelihoodOfRealizationOfDeferredTaxAssets
0.50
CY2022Q3 soho Deferred Tax Assets Valuation Allowance Percent
DeferredTaxAssetsValuationAllowancePercent
1
CY2022Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0
CY2023Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023Q1 us-gaap Advertising Expense
AdvertisingExpense
705703
CY2022Q1 us-gaap Advertising Expense
AdvertisingExpense
622684
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
69000000
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q1 us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.
CY2023Q1 soho Unpaid Common Dividends And Distributions Amount To Holders
UnpaidCommonDividendsAndDistributionsAmountToHolders
2100000
CY2023Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> – The preparation of the financial statements in conformity with U.S. GAAP 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.</span>
CY2023Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
531937863
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
530144730
CY2023Q1 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
169037824
CY2022Q4 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
165074005
CY2023Q1 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
362900039
CY2022Q4 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
365070725
CY2023Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
318600000
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
320500000
CY2023Q1 us-gaap Secured Debt
SecuredDebt
319949693
CY2022Q4 us-gaap Secured Debt
SecuredDebt
321895316
CY2023Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1455654
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1480779
CY2023Q1 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
61395
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
67566
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
318555434
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
320482103
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
51594623
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
38069573
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
116078656
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
58588969
CY2023Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1757220
CY2023Q1 soho Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
53860652
CY2023Q1 us-gaap Secured Debt
SecuredDebt
319949693
CY2019Q2 soho Period Of Lease Agreement
PeriodOfLeaseAgreement
P5Y
CY2023Q1 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
507069
CY2023Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
678300
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
684672
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
673413
CY2023Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
342503
CY2023Q1 soho Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
13521694
CY2023Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
16407651
CY2023Q1 soho Number Of Hotels Operate Under Franchise Licenses
NumberOfHotelsOperateUnderFranchiseLicenses
7
CY2022Q1 soho Debt Service Reserve
DebtServiceReserve
1500000
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000.0
CY2023Q1 soho Balance On The Esop Loan Commitment
BalanceOnTheEsopLoanCommitment
2600000
soho Leaving Capacity For Additional Borrowing On The Esop Loan Commitment
LeavingCapacityForAdditionalBorrowingOnTheEsopLoanCommitment
2400000
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2023Q1 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2022Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2023Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2000000.0
CY2023Q1 soho Preferred Stock Amount Of Undeclared And Cumulative Preferred Dividends
PreferredStockAmountOfUndeclaredAndCumulativePreferredDividends
23900000
CY2022Q2 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
50000
CY2022Q3 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
40687
CY2022Q4 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
217845
CY2023Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19235803
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18951525
CY2023Q1 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0
CY2023Q1 soho Operating Partnership Common Units Outstanding
OperatingPartnershipCommonUnitsOutstanding
20060991
CY2022Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
77362
CY2023Q1 soho Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution
1.000
CY2023Q1 soho Percentage Of First Specified Percentage Of Employee Contribution
PercentageOfFirstSpecifiedPercentageOfEmployeeContribution
0.030
CY2023Q1 soho Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution
0.500
CY2023Q1 soho Percentage Of Next Specified Percentage Of Employee Contribution
PercentageOfNextSpecifiedPercentageOfEmployeeContribution
0.020
CY2023Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
34009
CY2022Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
23139
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000.0
CY2023Q1 soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
308035
CY2023Q1 soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
614530
CY2023Q1 soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
12195
CY2022Q1 soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
14154
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
357788
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
713787
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
301646
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
6389
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
357788
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
301646
CY2023Q1 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
601784
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
301646
CY2022Q4 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
545979
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
6389
CY2023Q1 soho Employee Stock Ownership Plan Esop Shares Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPSharesCommittedToBeReleasedFairValue
12746
CY2023Q1 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
308035
CY2023Q1 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
614530
CY2022Q4 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
301646
CY2022Q4 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
545979
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
357788
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
713787
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
364177
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
659160
CY2023Q1 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
665823
CY2023Q1 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
1328317
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
665823
CY2022Q4 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
1205139
CY2023Q1 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
16747577
CY2022Q1 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
16063361
CY2023Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
15182
CY2022Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9654
CY2023Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
15182
CY2022Q1 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9654
CY2023Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-259952
CY2022Q1 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-506356
CY2023Q1 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
131230
CY2023Q1 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-128722
CY2022Q1 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-428994
CY2023Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-128722
CY2022Q1 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-428994
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15182
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9654
CY2023Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
294566
CY2022Q1 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-168271
CY2023Q1 soho Income Tax Reconciliation Federal Tax Impact Of Reit Election
IncomeTaxReconciliationFederalTaxImpactOfReitElection
-303786
CY2022Q1 soho Income Tax Reconciliation Federal Tax Impact Of Reit Election
IncomeTaxReconciliationFederalTaxImpactOfReitElection
-252786
CY2023Q1 soho Income Tax Reconciliation Federal Impact On Paycheck Protection Program Loan Forgiveness
IncomeTaxReconciliationFederalImpactOnPaycheckProtectionProgramLoanForgiveness
-56470
CY2023Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-47850
CY2022Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1717
CY2023Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
128722
CY2022Q1 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
428994
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15182
CY2022Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9654
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1387514
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-810944
CY2023Q1 soho Net Income Allocated To Non Vested Share Awards
NetIncomeAllocatedToNonVestedShareAwards
-12857
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-24960
CY2022Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-161621
CY2023Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1994312
CY2022Q1 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
1936617
CY2022Q1 soho Gain On Extinguishment Of Preferred Stock
GainOnExtinguishmentOfPreferredStock
78175
CY2023Q1 soho Net Income Loss Attributable To Common Stockholders Basic
NetIncomeLossAttributableToCommonStockholdersBasic
-594695
CY2022Q1 soho Net Income Loss Attributable To Common Stockholders Basic
NetIncomeLossAttributableToCommonStockholdersBasic
-2507765
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18635004
CY2022Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17107820
CY2023Q1 soho Undistributed Income Loss Basic
UndistributedIncomeLossBasic
-0.03
CY2022Q1 soho Undistributed Income Loss Basic
UndistributedIncomeLossBasic
-0.15
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2023Q1 soho Net Income Allocated To Non Vested Share Awards
NetIncomeAllocatedToNonVestedShareAwards
-12857

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
0000950170-23-021733-index-headers.html Edgar Link pending
0000950170-23-021733-index.html Edgar Link pending
0000950170-23-021733.txt Edgar Link pending
0000950170-23-021733-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
soho-20230331.htm Edgar Link pending
soho-20230331.xsd Edgar Link pending
soho-ex31_1.htm Edgar Link pending
soho-ex31_2.htm Edgar Link pending
soho-ex31_3.htm Edgar Link pending
soho-ex31_4.htm Edgar Link pending
soho-ex32_1.htm Edgar Link pending
soho-ex32_2.htm Edgar Link pending
soho-ex32_3.htm Edgar Link pending
soho-ex32_4.htm Edgar Link pending
soho-20230331_cal.xml Edgar Link unprocessable
soho-20230331_def.xml Edgar Link unprocessable
soho-20230331_lab.xml Edgar Link unprocessable
soho-20230331_pre.xml Edgar Link unprocessable
soho-20230331_htm.xml Edgar Link completed