WILLIAMSBURG, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the "Company") today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel (the "Hotel") in Jacksonville, FL. The loan, which carries a floating interest rate based on SOFR plus 3.0%, has an initial principal balance of approximately $26.25 million, with an additional $9.49 million available to fund a product improvement pl ...

The Company also announced that it has entered into a new 10-year franchise agreement with Hilton Worldwide to relicense the Hotel as a soft-branded DoubleTree by Hilton under the name Hotel Bellamy. As part of its relaunch efforts for the Hotel, the Company will undertake a complete renovation of the property, with a cost of approximately $14.6 million and an estimated completion date of January 2027. Renovation plans for the property will include a complete reimagining of its guestrooms, public spaces, bu ...

Sotherly Hotels, Inc. (NASDAQ:SOHO) Q1 2024 Earnings Conference Call May 9, 2024 10:00 AM ET Company Participants Mack Sims - Vice President, Operations Scott Kucinski - Executive Vice President and Chief Operating Officer Tony Domalski - Chief Financial Officer and Secretary Dave Folsom - President and Chief Executive Officer Conference Call Participants Connor Mitchell - Piper Sandler Operator Hello and welcome to the Sotherly Hotels Q1 2024 Earnings Call and Webcast. My name is Lauren and I will be coord ...

SOTHERLY HOTELS INC. REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Williamsburg, Virginia – May 9, 2024 – Sotherly Hotels Inc. (NASDAQ: SOHO), ("Sotherly" or the "Company"), a self-managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the first quarter ended March 31, 2024. The Company's results include the following*: | | Three Months Ended | | | | | --- | --- | --- | --- | --- | | | March 31, 2024 | | | March 31, 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SOTHERLY HOTELS INC. (Exact name of registrant as specif ...

Sotherly Hotels Inc. (NASDAQ:SOHO) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET Company Participants Mack Sims - VP, Operations & Investor Relations Scott Kucinski - Executive VP & COO Tony Domalski - VP, Secretary & CFO Dave Folsom - President, CEO & Director Conference Call Participants Alexander Goldfarb - Piper Sandler Operator Hello, everyone. And welcome to the Sotherly Hotels Fourth Quarter 2023 Earnings Call and Webcast. My name is Bruno, and I will be operating your call today. [Opera ...

Exhibit 99.1 FOR IMMEDIATE RELEASE WEDNESDAY, MARCH 6, 2024 SOTHERLY HOTELS INC. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023 Williamsburg, Virginia – March 6, 2024 – Sotherly Hotels Inc. (NASDAQ: SOHO), ("Sotherly" or the "Company"), a self- managed and self-administered lodging real estate investment trust (a "REIT"), today reported its consolidated results for the fourth quarter and year ended December 31, 2023. The Company's results include the following*: | | Three Months En ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . SOTHERLY HOTELS INC. (Exact name of registrant as specified in its charter) MARYLAND 001-32379 20-1531029 (State or Other Jurisdiction of Incorporation or Organ ...

Sotherly Hotels Inc. (NASDAQ:SOHO) Q3 2023 Earnings Conference Call November 9, 2023 10:00 AM ET Company Participants Mack Sims - Vice President-Operations & IR Scott Kucinski - Executive Vice President & Chief Operating Officer Tony Domalski - VP, Secretary & Chief Financial Officer Dave Folsom - President, Chief Executive Officer & Director Conference Call Participants Alexander Goldfarb - Piper Sandler Jeff Hassannia - HD Enterprise Operator Hello, and welcome to Sotherly Hotels Third Quarter 2023 Earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . SOTHERLY HOTELS INC. (Exact name of registrant as specified in its charter) MARYLAND 001-32379 20-1531029 (State or Other Jurisdiction of Incorporation or Organizati ...