2024 Q1 Form 10-K Financial Statement

#000095017024035300 Filed on March 22, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $46.55M $42.15M $173.8M
YoY Change 7.03% 1.95% 4.67%
Cost Of Revenue $15.70M $14.80M $59.42M
YoY Change -50.01% 7.49% 8.43%
Gross Profit $30.85M $27.35M $114.4M
YoY Change 155.36% -0.82% 2.82%
Gross Profit Margin 66.26% 64.88% 65.82%
Selling, General & Admin $20.40M $18.67M $76.71M
YoY Change 8.93% 6.51% 7.38%
% of Gross Profit 66.14% 68.26% 67.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.770M $4.732M $18.79M
YoY Change 4.18% -0.6% 0.74%
% of Gross Profit 15.46% 17.3% 16.42%
Operating Expenses $25.17M $23.40M $95.50M
YoY Change 8.0% 5.0% 6.01%
Operating Profit $5.674M $3.948M $18.92M
YoY Change 2.79% -25.31% -10.71%
Interest Expense -$4.339M -$5.196M -$17.52M
YoY Change -205.47% 16.24% 5.15%
% of Operating Profit -76.46% -131.61% -92.62%
Other Income/Expense, Net $124.9K $456.4K $456.4K
YoY Change
Pretax Income $1.341M -$751.9K $3.505M
YoY Change -4.4% -113.23% -89.84%
Income Tax $18.09K $17.73K -$305.0K
% Of Pretax Income 1.35% -8.7%
Net Earnings -$659.4K -$2.683M -$4.036M
YoY Change -146.68% -186.76% -116.16%
Net Earnings / Revenue -1.42% -6.37% -2.32%
Basic Earnings Per Share -$0.03 -$0.15 -$0.22
Diluted Earnings Per Share -$0.03 -$0.14 -$0.21
COMMON SHARES
Basic Shares Outstanding 19.85M 19.70M 18.84M
Diluted Shares Outstanding 19.36M 18.84M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $29.29M $17.10M $17.10M
YoY Change 24.99% -21.98% -21.98%
Cash & Equivalents $29.29M $17.10M $17.10M
Short-Term Investments
Other Short-Term Assets $5.637M $6.776M $6.776M
YoY Change -29.67% 0.31% 0.31%
Inventory
Prepaid Expenses
Receivables $6.968M $5.946M $5.946M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $41.89M $29.82M $29.82M
YoY Change 17.14% -13.6% -13.6%
LONG-TERM ASSETS
Property, Plant & Equipment $352.5M $354.9M $354.9M
YoY Change -2.88% -2.78% -2.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $10.34M $9.134M $9.134M
YoY Change 20.86% 68.44% 68.44%
Total Long-Term Assets $362.8M $364.1M $364.1M
YoY Change -2.33% -1.74% -1.74%
TOTAL ASSETS
Total Short-Term Assets $41.89M $29.82M $29.82M
Total Long-Term Assets $362.8M $364.1M $364.1M
Total Assets $404.7M $393.9M $393.9M
YoY Change -0.62% -2.75% -2.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $25.78M $23.75M $23.75M
YoY Change -7.05% -1.65% -1.65%
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 $30.75M $28.45M $28.45M
YoY Change -7.82% -6.6% -6.6%
LONG-TERM LIABILITIES
Long-Term Debt $326.5M $317.5M $317.5M
YoY Change 1.8% -1.7% -1.7%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $326.5M $317.5M $317.5M
YoY Change 1.8% -1.7% -1.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $30.75M $28.45M $28.45M
Total Long-Term Liabilities $326.5M $317.5M $317.5M
Total Liabilities $355.9M $344.6M $344.6M
YoY Change 0.51% -2.3% -2.3%
SHAREHOLDERS EQUITY
Retained Earnings -$125.7M -$125.0M
YoY Change 5.11% 3.34%
Common Stock $176.2M $176.0M
YoY Change 0.1% 0.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $48.83M $49.23M $49.23M
YoY Change
Total Liabilities & Shareholders Equity $404.7M $393.9M $393.9M
YoY Change -0.62% -2.75% -2.75%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$659.4K -$2.683M -$4.036M
YoY Change -146.68% -186.76% -116.16%
Depreciation, Depletion And Amortization $4.770M $4.732M $18.79M
YoY Change 4.18% -0.6% 0.74%
Cash From Operating Activities $8.075M $2.910M $21.40M
YoY Change -18.99% 18.75% 221.39%
INVESTING ACTIVITIES
Capital Expenditures $2.398M $2.111M $8.182M
YoY Change 56.35% -33.08% 2.72%
Acquisitions
YoY Change
Other Investing Activities $122.4K $4.630K $1.455M
YoY Change -71.21% -99.08% -97.34%
Cash From Investing Activities -$2.276M -$2.107M -$6.727M
YoY Change 105.26% -20.49% -114.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 7.592M -3.969M -15.78M
YoY Change -280.12% 60.22% -69.39%
NET CHANGE
Cash From Operating Activities 8.075M 2.910M 21.40M
Cash From Investing Activities -2.276M -2.107M -6.727M
Cash From Financing Activities 7.592M -3.969M -15.78M
Net Change In Cash 13.39M -3.165M -1.105M
YoY Change 188.3% 18.28% -162.69%
FREE CASH FLOW
Cash From Operating Activities $8.075M $2.910M $21.40M
Capital Expenditures $2.398M $2.111M $8.182M
Free Cash Flow $5.677M $799.0K $13.22M
YoY Change -32.7% -213.41% -1112.32%

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AmortizationOfESOPAward
171897
CY2023 soho Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
148193
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
7977251
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
47898659
CY2023 us-gaap Profit Loss
ProfitLoss
3809711
CY2022 us-gaap Profit Loss
ProfitLoss
33959848
CY2021 us-gaap Profit Loss
ProfitLoss
-28539640
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18788748
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
18650336
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
19909226
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
12201461
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
598237
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1293092
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1029306
CY2023 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
24681
CY2022 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
24681
CY2021 us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
24681
CY2023 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
1371041
CY2022 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
1763320
CY2021 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
588586
CY2023 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-737682
CY2022 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
2918207
CY2021 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
1493841
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-5944881
CY2023 soho Paycheck Protection Programme Debt Forgiveness
PaycheckProtectionProgrammeDebtForgiveness
275494
CY2022 soho Paycheck Protection Programme Debt Forgiveness
PaycheckProtectionProgrammeDebtForgiveness
4720278
CY2022 us-gaap Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
30053977
CY2023 soho Gain Loss On Disposition Of Assets Operating And Non Operating
GainLossOnDispositionOfAssetsOperatingAndNonOperating
4700
CY2022 soho Gain Loss On Disposition Of Assets Operating And Non Operating
GainLossOnDispositionOfAssetsOperatingAndNonOperating
-633803
CY2021 soho Gain Loss On Disposition Of Assets Operating And Non Operating
GainLossOnDispositionOfAssetsOperatingAndNonOperating
158286
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
559220
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
998424
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
689547
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
42453
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1439886
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2640487
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1824607
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1597055
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-719031
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3581342
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-12984231
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1630584
CY2023 soho Increase Decrease In Advances Deposits
IncreaseDecreaseInAdvancesDeposits
381968
CY2022 soho Increase Decrease In Advances Deposits
IncreaseDecreaseInAdvancesDeposits
680071
CY2021 soho Increase Decrease In Advances Deposits
IncreaseDecreaseInAdvancesDeposits
-411131
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
21400462
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6658820
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2322503
CY2022 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
52403981
CY2023 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
8181496
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
7964630
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
3176841
CY2023 soho Proceeds From Involuntary Conversion
ProceedsFromInvoluntaryConversion
1312675
CY2022 soho Proceeds From Involuntary Conversion
ProceedsFromInvoluntaryConversion
2180489
CY2021 soho Proceeds From Involuntary Conversion
ProceedsFromInvoluntaryConversion
588586
CY2023 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
141952
CY2022 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
35327
CY2021 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
200500
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6726869
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
46655167
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2387755
CY2023 soho Proceeds From Mortgage Loans
ProceedsFromMortgageLoans
2715833
CY2022 soho Proceeds From Mortgage Loans
ProceedsFromMortgageLoans
7777475
CY2023 soho Payments On Mortgage Loans
PaymentsOnMortgageLoans
7256859
CY2022 soho Payments On Mortgage Loans
PaymentsOnMortgageLoans
38507799
CY2021 soho Payments On Mortgage Loans
PaymentsOnMortgageLoans
6528078
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20000000
CY2023 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
740857
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
461181
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
3109166
CY2023 soho Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
525437
CY2022 soho Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
359389
CY2021 soho Payments Of Deferred Financing Costs
PaymentsOfDeferredFinancingCosts
19513
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
9971563
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-15778883
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-51550894
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9656757
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1105290
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1763093
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9722009
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
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
35300546
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26236340
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
CY2023 us-gaap Interest Paid Net
InterestPaidNet
17084338
CY2022 us-gaap Interest Paid Net
InterestPaidNet
23277738
CY2021 us-gaap Interest Paid Net
InterestPaidNet
19897847
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
164450
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
26000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
20200
CY2023 soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
-471661
CY2022 soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
56914
CY2021 soho Increase Decrease In Capital Expenditures Incurred But Not Yet Paid
IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid
353028
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17101993
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
21918680
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13166883
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
9134347
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
5422950
CY2021Q4 us-gaap Restricted Cash
RestrictedCash
12411654
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26236340
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
CY2023 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2004-08-20
CY2023Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
10
CY2023Q4 soho Number Of Rooms In Hotel
NumberOfRoomsInHotel
2786
CY2023Q4 soho Number Of Independent Hotels
NumberOfIndependentHotels
3
CY2023 soho Date Of Commencement Of Business
DateOfCommencementOfBusiness
2004-12-21
CY2023 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6
CY2023Q4 soho Interest Reserves
InterestReserves
1600000
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
12200000
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2023 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Concentration of Credit Risk –</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> The Company holds cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) protection limits of $</span><span style="font-size:10pt;font-family:Times New Roman;color:#000000;white-space:pre-wrap;min-width:fit-content;">250,000</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;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>
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000
CY2023Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
195988
CY2022Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
241038
CY2023 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
45050
CY2022 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
48852
CY2021 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
59482
CY2023Q4 soho Long Term Debt Excluding Unsecured Debt
LongTermDebtExcludingUnsecuredDebt
315989194
CY2022Q4 soho Long Term Debt Excluding Unsecured Debt
LongTermDebtExcludingUnsecuredDebt
320482103
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
805327
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
1297801
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
715115
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
703515
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
713298
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
8930834
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
13165890
CY2023 soho Minimum Percentage Of Likelihood Of Realization Of Deferred Tax Assets
MinimumPercentageOfLikelihoodOfRealizationOfDeferredTaxAssets
0.50
CY2023Q4 soho Deferred Tax Assets Valuation Allowance Percent
DeferredTaxAssetsValuationAllowancePercent
1
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2023 us-gaap Advertising Expense
AdvertisingExpense
2700000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
2200000
CY2021 us-gaap Advertising Expense
AdvertisingExpense
2000000
CY2023 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
1400000
CY2022 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
1800000
CY2021 soho Gain Loss Due To Involuntary Conversion Of Assets
GainLossDueToInvoluntaryConversionOfAssets
600000
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:4.533%;font-size:10pt;margin-top:12pt;font-family:Times New Roman;margin-bottom:0;text-align:left;"><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;font-style:italic;min-width:fit-content;">Use of Estimates –</span><span style="color:#000000;white-space:pre-wrap;font-size:10pt;font-family:Times New Roman;min-width:fit-content;"> 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.</span></p>
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
536183227
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
530144730
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
181264121
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
165074005
CY2023Q4 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
354919106
CY2022Q4 soho Real Estate Investment Property Excluding Held For Sale Net
RealEstateInvestmentPropertyExcludingHeldForSaleNet
365070725
CY2023Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
316000000
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
320500000
CY2023Q4 us-gaap Secured Debt
SecuredDebt
317354289
CY2022Q4 us-gaap Secured Debt
SecuredDebt
321895316
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1407979
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1480779
CY2023Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
42884
CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
67566
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
315989194
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
320482103
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
76985060
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
116059350
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
58588970
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1757220
CY2023Q4 soho Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
63963689
CY2023Q4 us-gaap Secured Debt
SecuredDebt
317354289
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
607096
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
614421
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
606265
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
594974
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
679414
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
10835839
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
13938009
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000
CY2017Q1 us-gaap Stock Issued During Period Shares Employee Stock Ownership Plan
StockIssuedDuringPeriodSharesEmployeeStockOwnershipPlan
682500
CY2017Q1 us-gaap Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
4900000
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
11000000
CY2023Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2022Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25.00
CY2023 soho Preferred Stock Amount Of Undeclared And Cumulative Preferred Dividends
PreferredStockAmountOfUndeclaredAndCumulativePreferredDividends
21900000
CY2023 soho Preferred Units Amount Of Undeclared And Cumulative Preferred Dividends
PreferredUnitsAmountOfUndeclaredAndCumulativePreferredDividends
21900000
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
412169
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
69000000
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023 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.
CY2023Q3 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
133099
CY2023Q3 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
252903
CY2023Q2 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
75000
CY2023Q1 soho Operating Partnership Units Issued During Period
OperatingPartnershipUnitsIssuedDuringPeriod
205000
CY2023Q1 soho Operating Partnership Units Issued During Period
OperatingPartnershipUnitsIssuedDuringPeriod
15000
CY2022Q4 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
217845
CY2022Q3 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
40687
CY2022Q2 us-gaap Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
50000
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
19696805
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
18951525
CY2023Q4 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1
us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0
CY2023Q4 soho Operating Partnership Common Units Outstanding
OperatingPartnershipCommonUnitsOutstanding
20060991
CY2022Q4 soho Operating Partnership Common Units Outstanding
OperatingPartnershipCommonUnitsOutstanding
19776713
CY2023Q4 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
364186
CY2022Q4 soho Operating Partnership Common Unit Not Owned
OperatingPartnershipCommonUnitNotOwned
825188
CY2023Q4 soho Unpaid Common Dividends And Distributions Amount To Holders
UnpaidCommonDividendsAndDistributionsAmountToHolders
2088160
CY2020Q2 soho Percentage Of Matching Compensation For Deferral Equal Eligible Employee Compensation
PercentageOfMatchingCompensationForDeferralEqualEligibleEmployeeCompensation
1.000
CY2020Q2 soho Percentage Of Deferral Equal To Eligible Employee Compensation
PercentageOfDeferralEqualToEligibleEmployeeCompensation
0.030
CY2020Q2 soho Percentage Of Matching Compensation For Next Specified Deferral Equal Eligible Employee Compensation
PercentageOfMatchingCompensationForNextSpecifiedDeferralEqualEligibleEmployeeCompensation
0.500
CY2020Q2 soho Percentage Of Next Specified Deferral Equal To Eligible Employee Compensation
PercentageOfNextSpecifiedDeferralEqualToEligibleEmployeeCompensation
0.020
CY2021 soho Percentage Of Discretionary Contribution Eligible Employee Compensation
PercentageOfDiscretionaryContributionEligibleEmployeeCompensation
0.030
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
84573
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
75631
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
53474
CY2016Q4 soho Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock
EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock
5000000
CY2023 soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
412169
CY2022 soho Employee Stock Ownership Plan Esop Number Of Allocated And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedAndCommittedToBeReleasedShares
301646
CY2023 soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
614131
CY2022 soho Employee Stock Ownership Plan Esop Allocated And Committed To Be Released From Suspense Account Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedAndCommittedToBeReleasedFromSuspenseAccountSharesFairValue
545979
CY2023 soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
171896
CY2022 soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
126958
CY2021 soho Employee Stock Ownership Plan Recognized To Compensation Cost
EmployeeStockOwnershipPlanRecognizedToCompensationCost
172000
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
247043
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
400000
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Allocated Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedShares
412169
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfCommittedToBeReleasedShares
0
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
247043
CY2023Q4 soho Employee Stock Ownership Plan Esop Allocated Shares Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesFairValue
614131
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
CY2023Q4 soho Employee Stock Ownership Plan Esop Number Of Allocated Shares And Committed To Be Released Shares
EmployeeStockOwnershipPlanESOPNumberOfAllocatedSharesAndCommittedToBeReleasedShares
412169
CY2023Q4 soho Employee Stock Ownership Plan Esop Allocated Shares And Committed To Be Released Fair Value
EmployeeStockOwnershipPlanESOPAllocatedSharesAndCommittedToBeReleasedFairValue
614131
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
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
247043
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
368094
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
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
659212
CY2023Q4 soho Employee Stock Ownership Plan Esop Shares Fair Value
EmployeeStockOwnershipPlanESOPSharesFairValue
982225
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
CY2023 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
69629724
CY2022 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
64811567
CY2021 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
55100245
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-304947
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
522355
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
27392
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-304947
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
522355
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
27392
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1559177
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
3025518
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-149704
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-254558
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
695708
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-38580
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-1813735
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
3721226
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
-188284
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-1813735
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3721226
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-188284
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-304947
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
522355
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27392
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
736001
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
7241263
CY2022 us-gaap Profit Loss
ProfitLoss
33959848
CY2021 us-gaap Profit Loss
ProfitLoss
-28539640
CY2023 soho Net Income Loss Allocated To Non Vested Share Awards
NetIncomeLossAllocatedToNonVestedShareAwards
-49118
CY2022 soho Net Income Loss Allocated To Non Vested Share Awards
NetIncomeLossAllocatedToNonVestedShareAwards
-113405
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-131710
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-5987572
CY2023 soho Income Tax Reconciliation Federal Tax Impact Of Reit Election
IncomeTaxReconciliationFederalTaxImpactOfReitElection
-2231835
CY2022 soho Income Tax Reconciliation Federal Tax Impact Of Reit Election
IncomeTaxReconciliationFederalTaxImpactOfReitElection
-3255236
CY2021 soho Income Tax Reconciliation Federal Tax Impact Of Reit Election
IncomeTaxReconciliationFederalTaxImpactOfReitElection
5851466
CY2023 soho Income Tax Reconciliation Federal Impact On Paycheck Protection Program Loan Forgiveness
IncomeTaxReconciliationFederalImpactOnPaycheckProtectionProgramLoanForgiveness
-56470
CY2022 soho Income Tax Reconciliation Federal Impact On Paycheck Protection Program Loan Forgiveness
IncomeTaxReconciliationFederalImpactOnPaycheckProtectionProgramLoanForgiveness
-966584
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-566378
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1224138
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-24786
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1813735
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-3721226
CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
188284
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-304947
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
522355
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27392
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
12437085
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
10744121
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14287318
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
362898
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
425575
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
338033
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
192266
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
247037
CY2023Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
1275
CY2022Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
10092
CY2021Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
DeferredTaxAssetsGoodwillAndIntangibleAssets
28627
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
12993524
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11179788
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
14901015
CY2023Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
247043
CY2022Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
364177
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Number Of Suspense Shares
EmployeeStockOwnershipPlanESOPNumberOfSuspenseShares
431697
CY2023 us-gaap Profit Loss
ProfitLoss
3809711
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1423327
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-2318166
CY2023 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
7977250
CY2022 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
7634219
CY2021 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
7541891
CY2022 soho Gain On Extinguishment Of Preferred Stock
GainOnExtinguishmentOfPreferredStock
64518
CY2021 soho Gain On Extinguishment Of Preferred Stock
GainOnExtinguishmentOfPreferredStock
361476
CY2023 soho Net Income Loss Attributable To Common Stockholders Basic
NetIncomeLossAttributableToCommonStockholdersBasic
-4084947
CY2022 soho Net Income Loss Attributable To Common Stockholders Basic
NetIncomeLossAttributableToCommonStockholdersBasic
24853415
CY2021 soho Net Income Loss Attributable To Common Stockholders Basic
NetIncomeLossAttributableToCommonStockholdersBasic
-33401889
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
18843032
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17802772
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15531684
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
18843032
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17802772
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15531684
CY2023 soho Undistributed Income Loss Basic
UndistributedIncomeLossBasic
-0.22
CY2022 soho Undistributed Income Loss Basic
UndistributedIncomeLossBasic
1.4
CY2021 soho Undistributed Income Loss Basic
UndistributedIncomeLossBasic
-2.15
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.4
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.15
CY2023 soho Undistributed Income Loss Diluted
UndistributedIncomeLossDiluted
-0.22
CY2022 soho Undistributed Income Loss Diluted
UndistributedIncomeLossDiluted
1.4
CY2021 soho Undistributed Income Loss Diluted
UndistributedIncomeLossDiluted
-2.15
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.4
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.15
CY2023Q1 us-gaap Revenues
Revenues
43491277
CY2023Q2 us-gaap Revenues
Revenues
49017332
CY2023Q3 us-gaap Revenues
Revenues
39181363
CY2023Q4 us-gaap Revenues
Revenues
42148085
CY2023Q1 us-gaap Operating Expenses
OperatingExpenses
37971155
CY2023Q2 us-gaap Operating Expenses
OperatingExpenses
40727531
CY2023Q3 us-gaap Operating Expenses
OperatingExpenses
38013510
CY2023Q4 us-gaap Operating Expenses
OperatingExpenses
38200430
CY2023Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
5520122
CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
8289801
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1167854
CY2023Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
3947654
CY2023Q1 us-gaap Profit Loss
ProfitLoss
1387514
CY2023Q2 us-gaap Profit Loss
ProfitLoss
5257670
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-2065826
CY2023Q4 us-gaap Profit Loss
ProfitLoss
-769647
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-581838
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3132559
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3903581
CY2023Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2682969
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2023Q1 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
-606798
CY2023Q2 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
3263357
CY2023Q3 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
4060139
CY2023Q4 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
-2763959
CY2023Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.03
CY2023Q1 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
-0.03
CY2023Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.16
CY2023Q2 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
0.16
CY2023Q3 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.2
CY2023Q3 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
-0.2
CY2023Q4 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.14
CY2023Q4 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
-0.14
CY2022Q1 us-gaap Revenues
Revenues
38352603
CY2022Q2 us-gaap Revenues
Revenues
47170259
CY2022Q3 us-gaap Revenues
Revenues
39212695
CY2022Q4 us-gaap Revenues
Revenues
41341747
CY2022Q1 us-gaap Operating Expenses
OperatingExpenses
34427399
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
38970971
CY2022Q3 us-gaap Operating Expenses
OperatingExpenses
35923699
CY2022Q4 us-gaap Operating Expenses
OperatingExpenses
36200422
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
3925204
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
8199288
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3288996
CY2022Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
5141325
CY2022Q1 us-gaap Profit Loss
ProfitLoss
-810944
CY2022Q2 us-gaap Profit Loss
ProfitLoss
27605359
CY2022Q3 us-gaap Profit Loss
ProfitLoss
1972563
CY2022Q4 us-gaap Profit Loss
ProfitLoss
5192870
CY2022Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2507765
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24269449
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
112680
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3092456
CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.36
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.36
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.18
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.18
CY2022Q1 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
-2669386
CY2022Q2 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
25799389
CY2022Q3 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
61586
CY2022Q4 soho Net Income Loss Attributable To Operating Partnership Unit Holders
NetIncomeLossAttributableToOperatingPartnershipUnitHolders
3198559
CY2022Q1 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
-0.14
CY2022Q1 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
-0.14
CY2022Q2 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
1.33
CY2022Q2 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
1.33
CY2022Q4 us-gaap Income Loss From Continuing Operations Per Outstanding Limited Partnership And General Partnership Unit Basic
IncomeLossFromContinuingOperationsPerOutstandingLimitedPartnershipAndGeneralPartnershipUnitBasic
0.17
CY2022Q4 us-gaap Net Income Loss Net Of Tax Per Outstanding Limited Partnership Unit Diluted
NetIncomeLossNetOfTaxPerOutstandingLimitedPartnershipUnitDiluted
0.17
CY2023Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
317354000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
56412000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
301739000
CY2023Q4 soho Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand
4701000
CY2023Q4 soho Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Building And Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingAndImprovements
117095000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
61114000
CY2023Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
418834000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
479948000
CY2023 soho Real Estate Accumulated Depreciation Impairment
RealEstateAccumulatedDepreciationImpairment
143457000
CY2023Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
470300000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
508153000
CY2021 us-gaap Real Estate Improvements
RealEstateImprovements
2147000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
680000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
509620000
CY2022 us-gaap Real Estate Improvements
RealEstateImprovements
6916000
CY2022 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
42883000
CY2022Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
473653000
CY2023 us-gaap Real Estate Improvements
RealEstateImprovements
6863000
CY2023 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
568000
CY2023Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
479948000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
111758000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
14474000
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
12201000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
8538000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
129895000
CY2022 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
13462000
CY2022 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
13046000
CY2022Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
130311000
CY2023 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
13586000
CY2023 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
440000
CY2023Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
143457000

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