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Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.37 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an FFO surprise of 8.82%. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.21 per share when it actually produced FFO of $0.20, delivering a surprise of -4.76%. Over the last four q ...

WILLIAMSBURG, Va., Aug. 13, 2024 (GLOBE NEWSWIRE) -- 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 second quarter ended June 30, 2024. The Company's results include the following*: | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------|----------------------------------------|-------|-----------------|-- ...

WILLIAMSBURG, Va., July 30, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the "Company") today announced that its Board of Directors has authorized payment of quarterly cash dividends for the Company's Series B, Series C, and Series D Preferred Stock. The Board of Directors also authorized, and the Company has declared, a quarterly cash dividend of $0.4921875 per share of beneficial interest of the Company's 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock. The Series C prefer ...

About Sotherly Hotels Inc. Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States. Currently, the Company's portfolio consists of investments in ten hotel properties, comprising 2,786 rooms, as well as interests in two condominium hotels and their associated rental ...

The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 833-470-1428 (United States) and enter access code 441747. To participate in the webcast, visit the Investor Relations section on the Company's website at least 15 minutes before the call to download the necessary software. For those unable to listen to the live conference call, a taped rebroadcast will be available approximately one hour after completion of ...

Group 1 - The Company 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 [1] - A complete renovation of the Hotel is planned, with an estimated cost of approximately $14.6 million and an expected completion date of January 2027 [1] - Renovation plans include reimagining guestrooms, public spaces, building exterior, pool and sun deck, food and beverage offerings, and adding a new riverfront dining concept [1] Group 2 - Sotherly Hotels Inc. has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel, with an initial principal balance of approximately $26.25 million and an additional $9.49 million available for a product improvement plan [3][4] - The loan carries a floating interest rate based on SOFR plus 3.0% [3] - The CEO expressed optimism about the refinancing and relaunch plans, highlighting the hotel's direct riverfront location and the strength of the Hilton reservation system [4] Group 3 - Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels in the Southern United States [4] - The Company's portfolio consists of investments in ten hotel properties, comprising 2,786 rooms, as well as interests in two condominium hotels and their associated rental programs [4] - The Company operates hotels under the Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels [4]

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 ...