Document and Entity Information - USD ($) |
12 Months Ended | ||
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Dec. 31, 2024 |
Apr. 25, 2025 |
Jun. 30, 2023 |
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Document Information [Line Items] | |||
Document Type | 10-K/A | ||
Amendment Flag | true | ||
Amendment Description | EXPLANATORY NOTEThis Amendment No. 1 to Form 10-K (the “Amendment”) amends the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 originally filed with the U.S. Securities and Exchange Commission on March 31, 2025 (the “Original Filing”) by Sotherly Hotels Inc. and Sotherly Hotels LP. We refer to Sotherly Hotels Inc. as the “Company” or “Sotherly,” Sotherly Hotels LP as the “Operating Partnership,” the Company’s common stock as “common stock,” the Company’s preferred stock as “preferred stock,” the Operating Partnership’s partnership interests as “partnership units,” and the Operating Partnership’s preferred interests as the “preferred units.” References to “we” and “our” mean the Company, its Operating Partnership and its subsidiaries and predecessors, collectively, unless the context otherwise requires or where otherwise indicated. The Original Filing contains an explanatory note regarding the preparation of the combined Annual Reports on Form 10-K for the period ended December 31, 2024 of the Company and the Operating Partnership.We are filing this Amendment pursuant to General Instruction G(3) of Form 10-K to include information required by Part III of Form 10-K that we did not include in the Original Filing, as we do not intend to file a definitive proxy statement for an annual meeting of shareholders within 120 days after the end of our fiscal year ended December 31, 2024. The reference on the cover page of the Original Filing to the incorporation by reference of portions of the Company’s definitive proxy statement into Part III of the Original Filing is hereby deleted.In addition, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 12b-15 of the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, updated certifications of the Company’s and the Operating Partnership’s principal executive officer and principal financial officer are included as Exhibits 31.5, 31.6, 31.7 and 31.8 hereto. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. Similarly, because no financial statements have been included in this Amendment No. 1, certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.No other changes have been made to the Original Filing other than those described above. This Amendment does not reflect subsequent events occurring after the original filing date of the Original Filing or modify or update in any way the financial statements, consents or any other disclosures made in the Original Filing in any way other than as required to reflect the amendments discussed above. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing and our other filings with the SEC subsequent to the filing of the Original Filing. | ||
Document Period End Date | Dec. 31, 2024 | ||
Document Fiscal Year Focus | 2024 | ||
Document Fiscal Period Focus | FY | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity Registrant Name | SOTHERLY HOTELS INC. | ||
Entity Central Index Key | 0001301236 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | true | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Incorporation, State or Country Code | MD | ||
Entity File Number | 001-32379 | ||
Entity Tax Identification Number | 20-1531029 | ||
Entity Address, Address Line One | 306 South Henry Street, Suite 100 | ||
Entity Address, City or Town | Williamsburg | ||
Entity Address, State or Province | VA | ||
Entity Address, Postal Zip Code | 23185 | ||
City Area Code | 757 | ||
Local Phone Number | 229-5648 | ||
Entity Common Stock, Shares Outstanding | 20,126,415 | ||
Entity Public Float | $ 22,826,540 | ||
Auditor Firm ID | 686 | ||
Auditor Name | Forvis Mazars, LLP | ||
Auditor Location | Jacksonville, Florida | ||
Documents Incorporated by Reference | None. |
||
Document Financial Statement Error Correction [Flag] | false | ||
Common Stock [Member] | |||
Document Information [Line Items] | |||
Title of each class | Common Stock, $0.01 par value | ||
Trading Symbol | SOHO | ||
Name of each exchange on which registered | NASDAQ | ||
8.0% Series B Cumulative Redeemable Perpetual Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of each class | 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value | ||
Trading Symbol | SOHOB | ||
Name of each exchange on which registered | NASDAQ | ||
7.875% Series C Cumulative Redeemable Perpetual Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of each class | 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value | ||
Trading Symbol | SOHOO | ||
Name of each exchange on which registered | NASDAQ | ||
8.25% Series D Cumulative Redeemable Perpetual Preferred Stock [Member] | |||
Document Information [Line Items] | |||
Title of each class | 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value | ||
Trading Symbol | SOHON | ||
Name of each exchange on which registered | NASDAQ | ||
Sotherly Hotels LP [Member] | |||
Document Information [Line Items] | |||
Document Type | 10-K/A | ||
Amendment Flag | true | ||
Amendment Description | EXPLANATORY NOTEThis Amendment No. 1 to Form 10-K (the “Amendment”) amends the Annual Report on Form 10-K for the fiscal year ended December 31, 2024 originally filed with the U.S. Securities and Exchange Commission on March 31, 2025 (the “Original Filing”) by Sotherly Hotels Inc. and Sotherly Hotels LP. We refer to Sotherly Hotels Inc. as the “Company” or “Sotherly,” Sotherly Hotels LP as the “Operating Partnership,” the Company’s common stock as “common stock,” the Company’s preferred stock as “preferred stock,” the Operating Partnership’s partnership interests as “partnership units,” and the Operating Partnership’s preferred interests as the “preferred units.” References to “we” and “our” mean the Company, its Operating Partnership and its subsidiaries and predecessors, collectively, unless the context otherwise requires or where otherwise indicated. The Original Filing contains an explanatory note regarding the preparation of the combined Annual Reports on Form 10-K for the period ended December 31, 2024 of the Company and the Operating Partnership.We are filing this Amendment pursuant to General Instruction G(3) of Form 10-K to include information required by Part III of Form 10-K that we did not include in the Original Filing, as we do not intend to file a definitive proxy statement for an annual meeting of shareholders within 120 days after the end of our fiscal year ended December 31, 2024. The reference on the cover page of the Original Filing to the incorporation by reference of portions of the Company’s definitive proxy statement into Part III of the Original Filing is hereby deleted.In addition, as required by Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 12b-15 of the Securities Exchange Act of 1934 (the “Exchange Act”), as amended, updated certifications of the Company’s and the Operating Partnership’s principal executive officer and principal financial officer are included as Exhibits 31.5, 31.6, 31.7 and 31.8 hereto. Because no financial statements have been included in this Amendment No. 1 and this Amendment No. 1 does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. Similarly, because no financial statements have been included in this Amendment No. 1, certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 have been omitted.No other changes have been made to the Original Filing other than those described above. This Amendment does not reflect subsequent events occurring after the original filing date of the Original Filing or modify or update in any way the financial statements, consents or any other disclosures made in the Original Filing in any way other than as required to reflect the amendments discussed above. Accordingly, this Amendment No. 1 should be read in conjunction with the Original Filing and our other filings with the SEC subsequent to the filing of the Original Filing. | ||
Document Period End Date | Dec. 31, 2024 | ||
Document Fiscal Year Focus | 2024 | ||
Document Fiscal Period Focus | FY | ||
Document Annual Report | true | ||
Document Transition Report | false | ||
Entity Registrant Name | SOTHERLY HOTELS LP | ||
Entity Central Index Key | 0001301236 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Current Reporting Status | Yes | ||
Entity Voluntary Filers | No | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Non-accelerated Filer | ||
Entity Emerging Growth Company | false | ||
Entity Small Business | false | ||
ICFR Auditor Attestation Flag | false | ||
Entity Shell Company | false | ||
Entity Incorporation, State or Country Code | DE | ||
Entity File Number | 001-36091 | ||
Entity Tax Identification Number | 20-1965427 | ||
Entity Address, Address Line One | 306 South Henry Street, Suite 100 | ||
Entity Address, City or Town | Williamsburg | ||
Entity Address, State or Province | VA | ||
Entity Address, Postal Zip Code | 23185 | ||
City Area Code | 757 | ||
Local Phone Number | 229-5648 |