| Investment in hotel properties, net |
| Investment in joint venture |
| Cash and cash equivalents |
26.43M |
| Restricted cash |
5.87M |
| Accounts receivable |
4.55M |
| Accounts receivable-affiliate |
190.73K |
| Prepaid expenses, inventory and other assets |
4.92M |
| Notes receivable, net |
| Shell Island lease purchase, net |
| Deferred income taxes |
5.85M |
| Deferred financing costs, net |
| TOTAL ASSETS |
401.95M |
| Line of credit |
| Mortgage debt |
| Series A Cumulative Redeemable Preferred Stock, par value $0.01, 27,650 shares authorized, 25,100 and 0 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively |
| Loans payable |
| Accounts payable and accrued liabilities |
15.56M |
| Advance deposits |
2.44M |
| Warrant derivative liability |
| TOTAL LIABILITIES |
314.99M |
| Commitments and contingencies (see Note 6) |
0 |
| Preferred stock, par value $0.01; 972,350 shares authorized, 0 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively |
16.1K |
| Common stock, par value $0.01, 49,000,000 shares authorized, 9,701,786 shares and 9,541,286 shares issued and outstanding at June 30, 2011 and December 31, 2010, respectively |
149.5K |
| Additional paid in capital |
| Distributions in excess of retained earnings |
-37.4M |
| Total MHI Hospitality Corporation stockholders' equity |
84.33M |
| Noncontrolling interest |
2.63M |
| TOTAL EQUITY |
86.96M |
| TOTAL LIABILITIES AND EQUITY |
401.95M |
