$SOHO
Sotherly Hotels Inc.

2015 Q3 Form 10-Q Financial Statement

#000156459015010721 Filed on November 13, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $33.94M $31.76M
YoY Change 6.85% 48.03%
Cost Of Revenue $12.71M $11.92M
YoY Change 6.63% 53.21%
Gross Profit $21.23M $19.84M
YoY Change 7.01% 45.03%
Gross Profit Margin 62.55% 62.46%
Selling, General & Admin $15.68M $13.23M
YoY Change 18.52% 42.26%
% of Gross Profit 73.86% 66.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.370M $3.480M
YoY Change -3.16% 70.59%
% of Gross Profit 15.87% 17.54%
Operating Expenses $31.98M $28.62M
YoY Change 11.72% 49.67%
Operating Profit $1.966M $3.142M
YoY Change -37.43% 34.54%
Interest Expense $4.246M $3.994M
YoY Change 6.29% 2.44%
% of Operating Profit 215.97% 127.14%
Other Income/Expense, Net
YoY Change
Pretax Income $4.123M -$1.002M
YoY Change -511.42% -50.48%
Income Tax -$513.5K -$722.2K
% Of Pretax Income -12.45%
Net Earnings $4.637M -$280.0K
YoY Change -1755.86% -83.03%
Net Earnings / Revenue 13.66% -0.88%
Basic Earnings Per Share
Diluted Earnings Per Share $271.6K -$19.16K
COMMON SHARES
Basic Shares Outstanding 14.25M 10.35M
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $15.50M $16.90M
YoY Change -8.28% -28.99%
Cash & Equivalents $15.47M $16.92M
Short-Term Investments
Other Short-Term Assets $4.900M $3.500M
YoY Change 40.0% 75.0%
Inventory
Prepaid Expenses
Receivables $5.000M $3.000M
Other Receivables $0.00 $0.00
Total Short-Term Assets $25.40M $23.40M
YoY Change 8.55% -15.83%
LONG-TERM ASSETS
Property, Plant & Equipment $354.9M $260.6M
YoY Change 36.19% 49.77%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $1.900M
YoY Change -100.0% -77.11%
Other Assets $14.70M $13.60M
YoY Change 8.09% 36.0%
Total Long-Term Assets $369.6M $276.3M
YoY Change 33.78% 43.44%
TOTAL ASSETS
Total Short-Term Assets $25.40M $23.40M
Total Long-Term Assets $369.6M $276.3M
Total Assets $395.0M $299.7M
YoY Change 31.81% 35.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.60M $14.20M
YoY Change 2.82% 84.42%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $19.00M
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.20M $35.60M
YoY Change -48.88% 291.21%
LONG-TERM LIABILITIES
Long-Term Debt $322.0M $231.2M
YoY Change 39.27% 35.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $322.0M $231.2M
YoY Change 39.27% 29.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.20M $35.60M
Total Long-Term Liabilities $322.0M $231.2M
Total Liabilities $340.1M $266.8M
YoY Change 27.5% 41.78%
SHAREHOLDERS EQUITY
Retained Earnings -$32.21M -$31.13M
YoY Change 3.47% -0.33%
Common Stock $82.91M $103.7K
YoY Change 79846.62% 1.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $50.70M $27.13M
YoY Change
Total Liabilities & Shareholders Equity $395.0M $299.7M
YoY Change 31.81% 35.96%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $4.637M -$280.0K
YoY Change -1755.86% -83.03%
Depreciation, Depletion And Amortization $3.370M $3.480M
YoY Change -3.16% 70.59%
Cash From Operating Activities -$40.00K $4.420M
YoY Change -100.9% 329.13%
INVESTING ACTIVITIES
Capital Expenditures -$30.52M -$2.700M
YoY Change 1030.37% 150.0%
Acquisitions $26.30M
YoY Change
Other Investing Activities $4.150M -$950.0K
YoY Change -536.84% 227.59%
Cash From Investing Activities -$26.37M -$3.650M
YoY Change 622.47% 166.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.800M $2.118K
YoY Change 132100.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.59M -1.780M
YoY Change -1481.46% -110.13%
NET CHANGE
Cash From Operating Activities -40.00K 4.420M
Cash From Investing Activities -26.37M -3.650M
Cash From Financing Activities 24.59M -1.780M
Net Change In Cash -1.820M -1.010M
YoY Change 80.2% -105.86%
FREE CASH FLOW
Cash From Operating Activities -$40.00K $4.420M
Capital Expenditures -$30.52M -$2.700M
Free Cash Flow $30.48M $7.120M
YoY Change 328.09% 237.44%

Facts In Submission

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us-gaap Concentration Risk Credit Risk
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<div> <p style="margin-top:12pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Concentration of Credit Risk<font style="font-style:normal;"> &#8211; We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (th</font><font style="font-style:normal;">e &#8220;FDIC&#8221;) protection limits of $250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management monitors, on a regular basis, the financial condition of the financial institutions along with the balances there on deposit to minimize our potential risk.</font></p></div>
CY2015Q3 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.75
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Use of Estimates<font style="font-style:normal;"> &#8211; 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 </font><font style="font-style:normal;">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.</font></p></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div> <p style="margin-top:12pt;margin-bottom:0pt;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Reclassifications <font style="font-style:normal;">&#8211; C</font><font style="font-style:normal;">ertain reclassifications in the amount of $69,130, from accounts receivable to accounts receivable &#8211; affiliate on the consolidated statements of cash flows, have been made to the prior period balances to conform to the current period presentation.</font></p></div>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2004-08-20
soho Date Of Commencement Of Business
DateOfCommencementOfBusiness
2004-12-21
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6
soho Franchise Agreement Term
FranchiseAgreementTerm
P10Y
soho Hotel Rebrand Period
HotelRebrandPeriod
2014-11
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3000000
CY2015Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
435000
CY2015Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
19800000
CY2015Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2900000
CY2015Q3 us-gaap Partners Capital Account Contributions
PartnersCapitalAccountContributions
22700000
CY2015Q3 us-gaap Business Acquisition Percentage Of Voting Interests Acquired
BusinessAcquisitionPercentageOfVotingInterestsAcquired
0.750
CY2015Q3 us-gaap Secured Debt
SecuredDebt
18500000
CY2015Q3 soho Mortgage Loan Term Period
MortgageLoanTermPeriod
P4Y
CY2015Q3 soho Debt Instrument Bears Interest Floating Rate Period
DebtInstrumentBearsInterestFloatingRatePeriod
P30D
CY2015Q3 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.035
CY2015Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.040
CY2015Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P25Y
CY2015Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2019-07-07
CY2015Q3 soho Loan Extension Period
LoanExtensionPeriod
P1Y
CY2015Q3 us-gaap Secured Debt
SecuredDebt
57000000
CY2014 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
3200000
CY2015Q3 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
26300000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1200000
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsReceivableRemainderOfFiscalYear
367936
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
1321344
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
867447
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
356179
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
236372
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
1086188
CY2015Q3 soho Fdic Protection Limit
FDICProtectionLimit
250000
CY2015Q3 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
351999
CY2014Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
394139
CY2015Q3 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
40572
CY2014Q3 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
10875
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
68972
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
32625
CY2015Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
500000
CY2014Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
400000
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
1400000
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
4235466
soho Stock Issued During Period Shares Restricted Stock And Deferred Stock Award
StockIssuedDuringPeriodSharesRestrictedStockAndDeferredStockAward
72850
CY2015Q3 us-gaap Advertising Expense
AdvertisingExpense
69006
CY2014Q3 us-gaap Advertising Expense
AdvertisingExpense
46943
us-gaap Advertising Expense
AdvertisingExpense
178661
us-gaap Advertising Expense
AdvertisingExpense
160096
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
us-gaap Prior Period Reclassification Adjustment
PriorPeriodReclassificationAdjustment
69130
CY2015Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
35402727
CY2014Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
35581783
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
115181068
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
112740493
CY2015Q3 soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
33597191
CY2014Q3 soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
32850638
soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
99056441
soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
96048017
CY2015Q3 soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
1805536
CY2014Q3 soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
2731145
soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
16124627
soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
16692476
CY2015Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1936057
CY2014Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1378074
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1487491
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1735808
CY2015Q3 soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.12
CY2014Q3 soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.08
soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.09
soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.10
CY2015Q3 soho Business Acquisition Pro Forma Earnings Per Units Basic And Diluted
BusinessAcquisitionProFormaEarningsPerUnitsBasicAndDiluted
-0.12
CY2014Q3 soho Business Acquisition Pro Forma Earnings Per Units Basic And Diluted
BusinessAcquisitionProFormaEarningsPerUnitsBasicAndDiluted
-0.08
soho Business Acquisition Pro Forma Earnings Per Units Basic And Diluted
BusinessAcquisitionProFormaEarningsPerUnitsBasicAndDiluted
0.09
soho Business Acquisition Pro Forma Earnings Per Units Basic And Diluted
BusinessAcquisitionProFormaEarningsPerUnitsBasicAndDiluted
0.10
CY2015Q3 soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
14247671
CY2014Q3 soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
13788988
soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
15319110
soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
13746595
CY2015Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
4027172
CY2015Q3 soho Business Acquisition Pro Forma Weighted Average Number Of Units Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfUnitsOutstandingBasicAndDiluted
16487524
CY2014Q3 soho Business Acquisition Pro Forma Weighted Average Number Of Units Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfUnitsOutstandingBasicAndDiluted
16542413
soho Business Acquisition Pro Forma Weighted Average Number Of Units Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfUnitsOutstandingBasicAndDiluted
16534316
soho Business Acquisition Pro Forma Weighted Average Number Of Units Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfUnitsOutstandingBasicAndDiluted
16542413
CY2015Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
431621734
CY2015Q3 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
76688573
CY2015Q3 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
268800000
CY2014Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
205300000
CY2015Q3 us-gaap Secured Debt
SecuredDebt
268847360
CY2014Q4 us-gaap Secured Debt
SecuredDebt
205291657
CY2015Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
246815
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1798746
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
29229131
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
66768132
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
18152719
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
31786801
CY2015Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
121111831
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
98026
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
356720
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
240263
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
176740
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
100480
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
636547
CY2015Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1608776
CY2014Q3 soho Franchise Agreement Termination Fees
FranchiseAgreementTerminationFees
351800
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.
CY2015Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
682210
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
122793
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2118
CY2015Q3 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1
CY2014Q4 soho Number Of Board Members
NumberOfBoardMembers
2
CY2014Q4 us-gaap Partners Capital Account Redemptions
PartnersCapitalAccountRedemptions
25621
CY2015Q3 soho Operating Partnership Unit Not Owned
OperatingPartnershipUnitNotOwned
2200827
CY2014Q4 soho Operating Partnership Unit Not Owned
OperatingPartnershipUnitNotOwned
2550827
soho Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution
1.000
soho Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution
0.500
soho Percentage Of First Specified Percentage Of Employee Contribution
PercentageOfFirstSpecifiedPercentageOfEmployeeContribution
0.030
soho Percentage Of Next Specified Percentage Of Employee Contribution
PercentageOfNextSpecifiedPercentageOfEmployeeContribution
0.020
CY2015Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
14567
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
42177
CY2014Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
6138
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
36778
CY2014Q4 soho Equity Method Investment Summarized Financial Information Investment In Hotel Properties Net
EquityMethodInvestmentSummarizedFinancialInformationInvestmentInHotelPropertiesNet
62823142
CY2014Q4 soho Equity Method Investment Summarized Financial Information Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalents
2153906
CY2014Q4 soho Equity Method Investment Summarized Financial Information Restricted Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationRestrictedCashAndCashEquivalents
874111
CY2014Q4 soho Equity Method Investment Summarized Financial Information Accounts Receivable
EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable
328755
CY2014Q4 soho Equity Method Investment Summarized Financial Information Prepaid Expenses Inventory And Other Assets
EquityMethodInvestmentSummarizedFinancialInformationPrepaidExpensesInventoryAndOtherAssets
1489479
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
67669393
CY2014Q4 soho Equity Method Investment Summarized Financial Information Mortgage Loans Net
EquityMethodInvestmentSummarizedFinancialInformationMortgageLoansNet
57000000
CY2014Q4 soho Equity Method Investment Summarized Financial Information Accounts Payable And Other Accrued Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherAccruedLiabilities
2195613
CY2014Q4 soho Equity Method Investment Summarized Financial Information Accounts Payable And Other Accrued Liabilities Affiliates
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherAccruedLiabilitiesAffiliates
146836
CY2014Q4 soho Equity Method Investment Summarized Financial Information Advance Deposits
EquityMethodInvestmentSummarizedFinancialInformationAdvanceDeposits
398695
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
59741144
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
7928249
CY2014Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
67669393
CY2015Q3 soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
1084157
CY2014Q3 soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
2860460
soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
10605942
soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
11592712
CY2015Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
239212
CY2014Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
590816
soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
1911950
soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
2194154
CY2015Q3 soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
137483
CY2014Q3 soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
366054
soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
880564
soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
1068421
CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
1460852
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
3817330
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
13398456
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
14855287
CY2015Q3 soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
262070
CY2014Q3 soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
788569
soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
2071436
soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
2471048
CY2015Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
185976
CY2014Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
516777
soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
1442145
soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
1696364
CY2015Q3 soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
67190
CY2014Q3 soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
176520
soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
388087
soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
502967
CY2015Q3 soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
648430
CY2014Q3 soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
1663202
soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
3991773
soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
5270113
CY2015Q3 soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
1163666
CY2014Q3 soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
3145068
soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
7893441
soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
9940492
CY2015Q3 soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
148134
CY2014Q3 soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
619164
soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
1037113
soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
1867706
CY2015Q3 soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
36944
CY2014Q3 soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
63254
soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
1060687
soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
296850
CY2015Q3 soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
1348744
CY2014Q3 soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
3827486
soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
9991241
soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
12105048
CY2015Q3 soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
112108
CY2014Q3 soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
-10156
soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
3407215
soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
2750239
CY2015Q3 soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
223218
CY2014Q3 soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
597711
soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
1523455
soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
1755027
CY2015Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-111110
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-607867
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1883760
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
995212
CY2015Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
67708
CY2014Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9285
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
67708
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
32285
CY2014Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
93890
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