$SOHO
Sotherly Hotels Inc. Stock $soho

$soho Overview Financials Valuation SEC Filings Company Website

2015 Q4 Form 10-K Financial Statement

#000156459017005054 Filed on March 23, 2017

Income Statement

Concept	2015 Q4	2015 Q3	2015 Q2
Revenue	$36.75M	$33.94M	$36.87M
YoY Change	23.22%	6.85%	1.45%
Cost Of Revenue	$13.71M	$12.71M	$12.56M
YoY Change	17.78%	6.63%	0.08%
Gross Profit	$23.04M	$21.23M	$24.30M
YoY Change	26.66%	7.01%	2.14%
Gross Profit Margin	62.69%	62.55%	65.92%
Selling, General & Admin	$16.15M	$15.68M	$13.82M
YoY Change	28.58%	18.52%	1.77%
% of Gross Profit	70.1%	73.86%	56.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$4.010M	$3.370M	$3.310M
YoY Change	30.62%	-3.16%	10.7%
% of Gross Profit	17.4%	15.87%	13.62%
Operating Expenses	$34.13M	$31.98M	$29.69M
YoY Change	12.11%	11.72%	1.95%
Operating Profit	$2.623M	$1.966M	$7.176M
YoY Change	-525.63%	-37.43%	-0.6%
Interest Expense	-$4.680M	$4.246M	$3.840M
YoY Change	24.14%	6.29%	-198.47%
% of Operating Profit	-178.4%	215.97%	53.52%
Other Income/Expense, Net
YoY Change
Pretax Income	-$2.050M	$4.123M	$2.715M
YoY Change	-59.41%	-511.42%	-18.14%
Income Tax	-$1.340M	-$513.5K	$955.5K
% Of Pretax Income		-12.45%	35.2%
Net Earnings	-$712.0K	$4.637M	$1.759M
YoY Change	-83.1%	-1755.86%	-36.09%
Net Earnings / Revenue	-1.94%	13.66%	4.77%
Basic Earnings Per Share
Diluted Earnings Per Share	-$35.84K	$271.6K	$132.8K
COMMON SHARES
Basic Shares Outstanding		14.25M	10.77M
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q4	2015 Q3	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$11.50M	$15.50M	$17.30M
YoY Change	-30.72%	-8.28%	-3.35%
Cash & Equivalents	$11.49M	$15.47M	$17.27M
Short-Term Investments
Other Short-Term Assets	$4.400M	$4.900M	$3.800M
YoY Change	33.33%	40.0%	15.15%
Inventory
Prepaid Expenses
Receivables	$4.300M	$5.000M	$4.400M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$20.20M	$25.40M	$25.50M
YoY Change	-8.18%	8.55%	0.0%
LONG-TERM ASSETS
Property, Plant & Equipment	$355.0M	$354.9M	$263.8M
YoY Change	36.43%	36.19%	1.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments		$0.00	$1.900M
YoY Change		-100.0%	-9.52%
Other Assets	$11.20M	$14.70M	$14.30M
YoY Change	-28.21%	8.09%	14.4%
Total Long-Term Assets	$372.9M	$369.6M	$279.9M
YoY Change	34.21%	33.78%	1.46%
TOTAL ASSETS
Total Short-Term Assets	$20.20M	$25.40M	$25.50M
Total Long-Term Assets	$372.9M	$369.6M	$279.9M
Total Assets	$393.1M	$395.0M	$305.4M
YoY Change	31.1%	31.81%	1.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$12.30M	$14.60M	$12.40M
YoY Change	2.5%	2.82%	-10.79%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change		-100.0%	-100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$15.30M	$18.20M	$15.00M
YoY Change	8.51%	-48.88%	-57.26%
LONG-TERM LIABILITIES
Long-Term Debt	$320.8M	$322.0M	$261.3M
YoY Change	24.24%	39.27%	12.44%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$320.8M	$322.0M	$261.3M
YoY Change	24.24%	39.27%	12.44%
TOTAL LIABILITIES
Total Short-Term Liabilities	$15.30M	$18.20M	$15.00M
Total Long-Term Liabilities	$320.8M	$322.0M	$261.3M
Total Liabilities	$340.2M	$340.1M	$276.4M
YoY Change	24.93%	27.5%	3.33%
SHAREHOLDERS EQUITY
Retained Earnings	-$33.89M	-$32.21M	-$34.94M
YoY Change	-4.23%	3.47%	15.54%
Common Stock	$82.89M	$82.91M	$59.96M
YoY Change	41.06%	79846.62%	57814.85%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$49.00M	$50.70M	$25.02M
YoY Change
Total Liabilities & Shareholders Equity	$393.1M	$395.0M	$305.4M
YoY Change	31.1%	31.81%	1.33%

Cashflow Statement

Concept	2015 Q4	2015 Q3	2015 Q2
OPERATING ACTIVITIES
Net Income	-$712.0K	$4.637M	$1.759M
YoY Change	-83.1%	-1755.86%	-36.09%
Depreciation, Depletion And Amortization	$4.010M	$3.370M	$3.310M
YoY Change	30.62%	-3.16%	10.7%
Cash From Operating Activities	$2.050M	-$40.00K	$6.030M
YoY Change	-205.67%	-100.9%	-31.16%
INVESTING ACTIVITIES
Capital Expenditures	-$4.440M	-$30.52M	-$6.210M
YoY Change	-2.2%	1030.37%	400.81%
Acquisitions		$26.30M
YoY Change
Other Investing Activities	-$480.0K	$4.150M	-$2.370M
YoY Change	585.71%	-536.84%	930.43%
Cash From Investing Activities	-$4.920M	-$26.37M	-$8.580M
YoY Change	6.72%	622.47%	483.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$2.800M	$700.0K
YoY Change		132100.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-1.100M	24.59M	3.750M
YoY Change	-117.57%	-1481.46%	-258.23%
NET CHANGE
Cash From Operating Activities	2.050M	-40.00K	6.030M
Cash From Investing Activities	-4.920M	-26.37M	-8.580M
Cash From Financing Activities	-1.100M	24.59M	3.750M
Net Change In Cash	-3.970M	-1.820M	1.200M
YoY Change	1268.97%	80.2%	-75.61%
FREE CASH FLOW
Cash From Operating Activities	$2.050M	-$40.00K	$6.030M
Capital Expenditures	-$4.440M	-$30.52M	-$6.210M
Free Cash Flow	$6.490M	$30.48M	$12.24M
YoY Change	149.62%	328.09%	22.4%

Facts In Submission

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CY2014	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	63503194
CY2016	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	20272861
CY2015	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-5140585
CY2014	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	7257871
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	16634499
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9376628
CY2016	us-gaap	Interest Paid InterestPaid	16881223
CY2015	us-gaap	Interest Paid InterestPaid	15415695
CY2014	us-gaap	Interest Paid InterestPaid	13766824
CY2016	us-gaap	Income Taxes Paid IncomeTaxesPaid	192965
CY2015	us-gaap	Income Taxes Paid IncomeTaxesPaid	570762
CY2014	us-gaap	Income Taxes Paid IncomeTaxesPaid	263621
CY2015	soho	Mortgage Debt Proceeds Receivable And Related Loan Costs MortgageDebtProceedsReceivableAndRelatedLoanCosts	2704415
CY2015	us-gaap	Noncash Or Part Noncash Acquisition Debt Assumed1 NoncashOrPartNoncashAcquisitionDebtAssumed1	57000000
CY2015	us-gaap	Noncash Or Part Noncash Acquisition Payables Assumed1 NoncashOrPartNoncashAcquisitionPayablesAssumed1	246815
CY2015	soho	Increase In Fair Value Adjustments On Liabilities Assumed IncreaseInFairValueAdjustmentsOnLiabilitiesAssumed	624117
CY2014	soho	Increase In Fair Value Adjustments On Liabilities Assumed IncreaseInFairValueAdjustmentsOnLiabilitiesAssumed	375487
CY2016	soho	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	431858
CY2015	soho	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	601895
CY2014	soho	Increase Decrease In Capital Expenditures Incurred But Not Yet Paid IncreaseDecreaseInCapitalExpendituresIncurredButNotYetPaid	1108182
CY2016	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<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;"> We hold cash accounts at sever</font><font style="font-style:normal;">al institutions in excess of the Federal Deposit Insurance Corporation (the “FDIC”) protection limits of $250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management reviews, on a regular basis, the balances on deposit to minimize our potential risk.</font></p></div>
CY2016Q4	us-gaap	Number Of Real Estate Properties NumberOfRealEstateProperties	11
CY2016	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;"> The preparation of the financial statements in conformity with accounting principles generally acc</font><font style="font-style:normal;">epted 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.</font></p></div>
CY2016	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;">– Certain reclassifications in the amount of $</font><font style="font-style:normal;">4.1 million, from deferred financing costs, net in total assets on the consolidating balance sheet, have been netted against mortgage loans and unsecured debt on the December 31, 2015 balances to conform to the current period presentation.  This presentation applies Accounting Standards Update (“ASU”) 2015-03, “</font><font style="color:#313131;font-size:1pt;font-family:Helvetica;font-style:normal;">“</font><font style="font-style:normal;">Simplifying the Presentation of Debt Issuance Costs.” Loss on early debt extinguishments in the amount of $698,083 has been reclassified from amortization of deferred financing costs on the consolidated statements of cash flows as of December 31, 2015 to conform to the current period presentation.</font></p></div>
CY2016Q4	soho	Number Of Rooms In Hotel NumberOfRoomsInHotel	2838
CY2016	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2004-08-20
CY2016	soho	Date Of Commencement Of Business DateOfCommencementOfBusiness	2004-12-21
CY2016	us-gaap	Number Of Businesses Acquired NumberOfBusinessesAcquired	6
CY2016	soho	Franchise Agreement Term FranchiseAgreementTerm	P10Y
CY2016	soho	Hotel Rebrand Period HotelRebrandPeriod	2014-10
CY2015Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	700000
CY2015Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3000000
CY2015Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	19800000
CY2015Q3	soho	Mortgage Loan Term Period MortgageLoanTermPeriod	P4Y
CY2015Q3	soho	Number Of Parts Mortgage Loan Issued NumberOfPartsMortgageLoanIssued	2
CY2015Q3	us-gaap	Secured Debt SecuredDebt	18500000
CY2015	soho	Mortgage Loan Additional Earn Out Provision MortgageLoanAdditionalEarnOutProvision	1500000
CY2015	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	2000000
CY2015Q3	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2019-07-07
CY2015Q3	soho	Loan Extension Period LoanExtensionPeriod	P1Y
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	Common Stock Shares Issued CommonStockSharesIssued	435000
CY2015Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2800000
CY2015Q3	us-gaap	Business Acquisition Percentage Of Voting Interests Acquired BusinessAcquisitionPercentageOfVotingInterestsAcquired	0.750
CY2016Q1	us-gaap	Debt Instrument Maturity Date DebtInstrumentMaturityDate	2017-11-13
CY2016Q4	us-gaap	Secured Debt SecuredDebt	20500000
CY2016Q4	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	15000000
CY2016Q4	soho	Mortgage Loan Additional Earn Out Provision MortgageLoanAdditionalEarnOutProvision	5500000
CY2016Q4	soho	Mortgage Loan Term Period MortgageLoanTermPeriod	P5Y
CY2016Q4	soho	Debt Instrument Bears Interest Floating Rate Period DebtInstrumentBearsInterestFloatingRatePeriod	P1M
CY2016Q4	us-gaap	Debt Instrument Basis Spread On Variable Rate1 DebtInstrumentBasisSpreadOnVariableRate1	0.035
CY2016Q4	us-gaap	Long Term Debt Percentage Bearing Fixed Interest Rate LongTermDebtPercentageBearingFixedInterestRate	0.040
CY2016Q4	us-gaap	Debt Instrument Term DebtInstrumentTerm	P18Y
CY2016Q4	soho	Number Of Parts Mortgage Loan Issued NumberOfPartsMortgageLoanIssued	2
CY2016	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	481100
CY2016Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000
CY2016Q4	soho	Un Amortized Franchise Fees UnAmortizedFranchiseFees	386612
CY2015Q4	soho	Un Amortized Franchise Fees UnAmortizedFranchiseFees	339542
CY2016	soho	Amortization Expense Franchise License Fees AmortizationExpenseFranchiseLicenseFees	52330
CY2015	soho	Amortization Expense Franchise License Fees AmortizationExpenseFranchiseLicenseFees	53347
CY2014	soho	Amortization Expense Franchise License Fees AmortizationExpenseFranchiseLicenseFees	44650
CY2016	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	1785934
CY2015	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	1776518
CY2014	us-gaap	Operating Leases Income Statement Lease Revenue OperatingLeasesIncomeStatementLeaseRevenue	1657614
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Current OperatingLeasesFutureMinimumPaymentsReceivableCurrent	1105165
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	632365
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	544920
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	499294
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	246388
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	1661913
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	4690045
CY2016Q4	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	6000000
CY2016	soho	Minimum Percentage Of Likelihood Of Realization Of Deferred Tax Assets MinimumPercentageOfLikelihoodOfRealizationOfDeferredTaxAssets	0.50
CY2016Q4	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	0
CY2016Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	0
CY2016	us-gaap	Advertising Expense AdvertisingExpense	452665
CY2015	us-gaap	Advertising Expense AdvertisingExpense	280625
CY2014	us-gaap	Advertising Expense AdvertisingExpense	198991
CY2016	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	1
CY2015	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	151931931
CY2014	us-gaap	Business Acquisitions Pro Forma Revenue BusinessAcquisitionsProFormaRevenue	147451042
CY2015	soho	Business Acquisitions Pro Forma Operating Expenses BusinessAcquisitionsProFormaOperatingExpenses	133346497
CY2014	soho	Business Acquisitions Pro Forma Operating Expenses BusinessAcquisitionsProFormaOperatingExpenses	129961867
CY2015	soho	Business Acquisitions Pro Forma Operating Income BusinessAcquisitionsProFormaOperatingIncome	18585434
CY2014	soho	Business Acquisitions Pro Forma Operating Income BusinessAcquisitionsProFormaOperatingIncome	17489175
CY2015	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	1017180
CY2014	us-gaap	Business Acquisitions Pro Forma Net Income Loss BusinessAcquisitionsProFormaNetIncomeLoss	-1671774
CY2015	soho	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	0.07
CY2014	soho	Business Acquisition Pro Forma Earnings Per Share Basic And Diluted BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted	-0.10
CY2015	soho	Business Acquisition Pro Forma Earnings Per Units Basic And Diluted BusinessAcquisitionProFormaEarningsPerUnitsBasicAndDiluted	0.07
CY2014	soho	Business Acquisition Pro Forma Earnings Per Units Basic And Diluted BusinessAcquisitionProFormaEarningsPerUnitsBasicAndDiluted	-0.10
CY2015	soho	Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	12541117
CY2014	soho	Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted	13812125
CY2015	soho	Business Acquisition Pro Forma Weighted Average Number Of Units Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfUnitsOutstandingBasicAndDiluted	14924410
CY2014	soho	Business Acquisition Pro Forma Weighted Average Number Of Units Outstanding Basic And Diluted BusinessAcquisitionProFormaWeightedAverageNumberOfUnitsOutstandingBasicAndDiluted	16542413
CY2016Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	438307037
CY2015Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	435875967
CY2016Q4	soho	Real Estate Investment Property Accumulated Depreciation And Impairment RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment	89713125
CY2015Q4	soho	Real Estate Investment Property Accumulated Depreciation And Impairment RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment	80912725
CY2016Q4	us-gaap	Real Estate Heldforsale RealEstateHeldforsale	9628608
CY2016Q4	soho	Real Estate Investment Property Held For Sale Accumulated Depreciation And Impairment RealEstateInvestmentPropertyHeldForSaleAccumulatedDepreciationAndImpairment	4295608
CY2016Q4	soho	Real Estate Investment Property Held For Sale Net RealEstateInvestmentPropertyHeldForSaleNet	5333000
CY2016	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	0
CY2016Q4	us-gaap	Mortgage Loans On Real Estate Carrying Amount Of Mortgages MortgageLoansOnRealEstateCarryingAmountOfMortgages	282700000
CY2015Q4	us-gaap	Mortgage Loans On Real Estate Carrying Amount Of Mortgages MortgageLoansOnRealEstateCarryingAmountOfMortgages	270300000
CY2016Q4	us-gaap	Secured Debt SecuredDebt	284542043
CY2015Q4	us-gaap	Secured Debt SecuredDebt	271737608
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	2049409
CY2015Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1646220
CY2016Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	215655
CY2015Q4	us-gaap	Debt Instrument Unamortized Premium DebtInstrumentUnamortizedPremium	240336
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	6363323
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	24626923
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	73423203
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	9248750
CY2014	soho	Income Tax Reconciliation Tax Exempt Income Expense IncomeTaxReconciliationTaxExemptIncomeExpense	898576
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	31008186
CY2016Q4	us-gaap	Long Term Debt Maturities Repayments Of Principal After Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive	139871658
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	223682
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	176740
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	100480
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	95482
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	95482
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	445583
CY2016Q4	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	1137449
CY2014Q3	soho	Franchise Agreement Termination Fees FranchiseAgreementTerminationFees	351800
CY2016Q4	soho	Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock	5000000
CY2016Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	1610000
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2016Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	1610000
CY2015Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2016Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	11000000
CY2016	us-gaap	Preferred Stock Dividend Rate Percentage PreferredStockDividendRatePercentage	0.0800
CY2016Q4	us-gaap	Preferred Stock Liquidation Preference PreferredStockLiquidationPreference	25.00
CY2016	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.
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2014Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	122793
CY2014Q3	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2118
CY2016Q4	soho	Common Stock Exchange Ratio CommonStockExchangeRatio	1
CY2014Q4	soho	Number Of Board Members NumberOfBoardMembers	2
CY2014Q4	us-gaap	Partners Capital Account Redemptions PartnersCapitalAccountRedemptions	25621
CY2016Q4	soho	Operating Partnership Common Unit Not Owned OperatingPartnershipCommonUnitNotOwned	1778140
CY2015Q4	soho	Operating Partnership Common Unit Not Owned OperatingPartnershipCommonUnitNotOwned	2200827
CY2014	soho	Reimbursement Expense ReimbursementExpense	0
CY2016	soho	Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution	1.000
CY2016	soho	Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution	0.500
CY2016	soho	Percentage Of First Specified Percentage Of Employee Contribution PercentageOfFirstSpecifiedPercentageOfEmployeeContribution	0.030
CY2016	soho	Percentage Of Next Specified Percentage Of Employee Contribution PercentageOfNextSpecifiedPercentageOfEmployeeContribution	0.020
CY2016	us-gaap	Defined Contribution Plan Employer Discretionary Contribution Amount DefinedContributionPlanEmployerDiscretionaryContributionAmount	63944
CY2016	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	191332
CY2015	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	444538
CY2014	us-gaap	Current State And Local Tax Expense Benefit CurrentStateAndLocalTaxExpenseBenefit	233940
CY2016	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	191332
CY2015	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	444538
CY2014	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	233940
CY2016	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1294408
CY2015	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1510726
CY2014	us-gaap	Deferred Federal Income Tax Expense Benefit DeferredFederalIncomeTaxExpenseBenefit	-1718351
CY2016	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-264558
CY2015	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-269845
CY2014	us-gaap	Deferred State And Local Income Tax Expense Benefit DeferredStateAndLocalIncomeTaxExpenseBenefit	-243312
CY2016	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1558966
CY2015	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1780571
CY2014	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-1961663
CY2016	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-158859
CY2015	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	1705610
CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-838519
CY2016	soho	Income Tax Reconciliation Tax Exempt Income Expense IncomeTaxReconciliationTaxExemptIncomeExpense	1135549
CY2015	soho	Income Tax Reconciliation Tax Exempt Income Expense IncomeTaxReconciliationTaxExemptIncomeExpense	2866950
CY2016	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-73226
CY2015	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	-174693
CY2014	us-gaap	Income Tax Reconciliation State And Local Income Taxes IncomeTaxReconciliationStateAndLocalIncomeTaxes	9372
CY2016Q4	soho	Deferred Tax Assets Start Up Expenses DeferredTaxAssetsStartUpExpenses	200000
CY2015Q4	soho	Deferred Tax Assets Start Up Expenses DeferredTaxAssetsStartUpExpenses	200000
CY2016	soho	Loss Carryforwards Expiration Dates LossCarryforwardsExpirationDates	2028
CY2016	soho	Start Up Expenses Amortization Period StartUpExpensesAmortizationPeriod	P15Y
CY2016	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	14896994
CY2015	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	12541117
CY2014	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10377125
CY2016Q3	us-gaap	Revenues Revenues	37275312
CY2016Q4	us-gaap	Revenues Revenues	35935342
CY2016Q3	us-gaap	Operating Expenses OperatingExpenses	33539913
CY2016Q4	us-gaap	Operating Expenses OperatingExpenses	33026914
CY2016Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	3735399
CY2016Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	2908428
CY2016Q3	us-gaap	Profit Loss ProfitLoss	-1549191
CY2016Q4	us-gaap	Profit Loss ProfitLoss	-74084
CY2016Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-1716234
CY2016Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-746140
CY2016Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.11
CY2016Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
CY2015Q1	us-gaap	Revenues Revenues	30975630
CY2015Q2	us-gaap	Revenues Revenues	36865108
CY2015Q3	us-gaap	Revenues Revenues	33941875
CY2015Q4	us-gaap	Revenues Revenues	36750863
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	27410462
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	29689455
CY2015Q3	us-gaap	Operating Expenses OperatingExpenses	31976036
CY2015Q4	us-gaap	Operating Expenses OperatingExpenses	34127473
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	3565168
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	7175653
CY2015Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	1965839
CY2015Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	2623390
CY2015Q1	us-gaap	Profit Loss ProfitLoss	713859
CY2015Q2	us-gaap	Profit Loss ProfitLoss	1759109
CY2015Q3	us-gaap	Profit Loss ProfitLoss	4636644
CY2015Q4	us-gaap	Profit Loss ProfitLoss	-711959
CY2015Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	575336
CY2015Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	1431110
CY2015Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3872394
CY2015Q4	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-522174
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.05
CY2015Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.13
CY2015Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.27
CY2015Q4	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.04
CY2016Q1	soho	Employee Stock Ownership Plan Esop Maximum Borrowing Amount To Purchase Common Stock EmployeeStockOwnershipPlanESOPMaximumBorrowingAmountToPurchaseCommonStock	5000000
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Amount Of Encumbrances RealEstateAndAccumulatedDepreciationAmountOfEncumbrances	284542000
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Land RealEstateAndAccumulatedDepreciationInitialCostOfLand	58653000
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements	242410000
CY2016Q4	soho	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Land RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionLand	297000
CY2016Q4	soho	Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Building And Improvements RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionBuildingAndImprovements	100829000
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Land RealEstateAndAccumulatedDepreciationCarryingAmountOfLand	58950000
CY2016Q4	us-gaap	Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements	343239000
CY2016Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	402189000
CY2016	soho	Real Estate Accumulated Depreciation Impairment RealEstateAccumulatedDepreciationImpairment	68506000
CY2016Q4	us-gaap	Real Estate Federal Income Tax Basis RealEstateFederalIncomeTaxBasis	398600000
CY2014Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	294827000
CY2015	soho	Real Estate Acquisitions RealEstateAcquisitions	91669000
CY2015	us-gaap	Real Estate Improvements RealEstateImprovements	11105000
CY2015	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	3971000
CY2015Q4	us-gaap	Real Estate Gross At Carrying Value RealEstateGrossAtCarryingValue	393630000
CY2016	us-gaap	Real Estate Improvements RealEstateImprovements	9473000
CY2016	us-gaap	Real Estate Cost Of Real Estate Sold RealEstateCostOfRealEstateSold	914000
CY2014Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	53233000
CY2015	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	8790000
CY2015	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	482000
CY2015Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	62041000
CY2016	us-gaap	Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense	7018000
CY2016	us-gaap	Real Estate Accumulated Depreciation Real Estate Sold RealEstateAccumulatedDepreciationRealEstateSold	553000
CY2016Q4	us-gaap	Real Estate Accumulated Depreciation RealEstateAccumulatedDepreciation	68506000

Files In Submission

Name	View Source	Status
0001564590-17-005054-index-headers.html	Edgar Link	pending
0001564590-17-005054-index.html	Edgar Link	pending
0001564590-17-005054.txt	Edgar Link	pending
0001564590-17-005054-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
g2017032221253470046442.jpg	Edgar Link	pending
R1.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
soho-10k_20161231.htm	Edgar Link	pending
soho-20161231.xml	Edgar Link	completed
soho-20161231.xsd	Edgar Link	pending
soho-20161231_cal.xml	Edgar Link	unprocessable
soho-20161231_def.xml	Edgar Link	unprocessable
soho-20161231_lab.xml	Edgar Link	unprocessable
soho-20161231_pre.xml	Edgar Link	unprocessable
soho-ex211_6.htm	Edgar Link	pending
soho-ex212_16.htm	Edgar Link	pending
soho-ex231_19.htm	Edgar Link	pending
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soho-ex321_13.htm	Edgar Link	pending
soho-ex322_18.htm	Edgar Link	pending
soho-ex323_7.htm	Edgar Link	pending
soho-ex324_11.htm	Edgar Link	pending
soho-ex40_484.htm	Edgar Link	pending

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$SOHO
Sotherly Hotels Inc. Stock $soho

2015 Q4 Form 10-K Financial Statement

#000156459017005054 Filed on March 23, 2017

Income Statement

Balance Sheet

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$SOHO Sotherly Hotels Inc. Stock $soho

2015 Q4 Form 10-K Financial Statement

#000156459017005054 Filed on March 23, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$SOHO
Sotherly Hotels Inc. Stock $soho