UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2021 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 Organization) (Commission File Number) WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF TH ...

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, 2021 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 ...

Sotherly Hotels Inc. (NASDAQ:SOHO) Q2 2021 Earnings Conference Call August 12, 2021 10:00 AM ET Company Participants Mack Sims - Vice President of Operations & Investor Relations. Scott Kucinski - Executive Vice President & Chief Operating Officer Tony Domalski - Chief Financial Officer & Secretary Dave Folsom - President & Chief Executive Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Operator Good day, and welcome to the Sotherly Hotels Second Quarter 2021 Earnings Conference Call ...

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 March 31, 2021 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 Organizat ...

Sotherly Hotels Inc. (NASDAQ:SOHO) Q1 2021 Earnings Conference Call May 12, 2021 10:00 AM ET Company Participants Mack Sims - VP of Operations and IR Scott Kucinski - EVP and COO Tony Domalski - CFO and Secretary Dave Folsom - President and CEO Conference Call Participants Jonathan Jenkins - Janney Montgomery Scott Daniel Santos - Piper Sandler Operator Good morning, and welcome to the Sotherly Hotels First Quarter 2021 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] Aft ...

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, 2020 OR (Exact name of registrant as specified in its charter) DELAWARE 001-36091 20-1965427 (State or Other Jurisdiction of Incorporation or Organization) (Commission File Number) (I.R.S. ...

Sotherly Hotels Inc. (NASDAQ:SOHO) Q4 2020 Earnings Conference Call March 4, 2021 10:00 AM ET Company Participants Mack Sims - VP of Operations and IR Scott Kucinski - EVP and COO Tony Domalski - CFO and Secretary Dave Folsom - President and CEO Conference Call Participants Tyler Batory - Janney Alexander Goldfarb - Piper Sandler Operator Good day, and welcome to the Sotherly Hotels Fourth Quarter 2020 Earnings Call and Webcast. All participants will be in listen-only mode. [Operator Instructions] After tod ...

Financial Data and Key Metrics Changes - For Q3 2020, total revenue was approximately $14.4 million, a decrease of approximately $28.1 million or 66.1% compared to the same quarter a year ago [18] - Year-to-date total revenue was approximately $56.9 million, representing a decrease of $84.6 million or 59.8% over the prior period [18] - Hotel EBITDA for the quarter was a deficit of approximately $1.2 million, a decrease of approximately $10.1 million or 113% over the same quarter a year ago [19] - Adjusted FFO for the quarter was a deficit of approximately $8.6 million, a decrease of approximately $12.8 million or 301% over the same quarter a year ago [20] Business Line Data and Key Metrics Changes - RevPAR for the composite portfolio decreased 63.3% year-over-year, reflecting a 59.8% decrease in occupancy and an 8.9% decrease in ADR [6] - Year-to-date portfolio RevPAR decreased 60.4% over the prior year, with a 57.6% decrease in occupancy and a 6.5% decrease in ADR [7] - Six of the company's 14 hotels achieved better than breakeven EBITDA during the quarter [21] Market Data and Key Metrics Changes - The performance of the lodging industry was significantly influenced by COVID-19, with varying restrictions across states impacting travel demand [8][9] - Incremental improvements in hotel demand were observed throughout the quarter, with RevPAR showing a gradual increase from $36.27 in July to $44.28 in September [12] Company Strategy and Development Direction - The company is focusing on capturing transient leisure business, which has become the most valuable market segment due to the decline in group and business travel [36] - Management has implemented stringent cost reduction initiatives, reducing hotel operating expenses by approximately 61% from the same quarter a year ago [24][38] - The company is transitioning management of its properties to Our Town Hospitality to improve workflow and efficiency [16] Management's Comments on Operating Environment and Future Outlook - The revenue recovery trajectory for the US lodging industry has been slower than originally projected, with uncertainty surrounding stimulus bills and vaccine development impacting consumer confidence [33][42] - The company expects 2021 to show vast improvement over 2020, with a material increase in demand anticipated [43] - The timeline for a full return to 2019 demand levels remains unclear, but management is dedicated to preserving liquidity and making sound operational decisions [44][45] Other Important Information - The company had total cash of approximately $23.2 million at the end of the quarter, with an estimated average monthly cash burn rate for Q4 ranging from a small amount of cash generation in October to no more than $0.45 million in November and December [21][22] - The company suspended dividends and deferred payments to conserve cash reserves, eliminating a draw of approximately $4.25 million per quarter [28] Q&A Session Summary Question: Thoughts on the recovery of the business and which segments may return first? - Management believes there is significant pent-up leisure demand and expects group and corporate business to return with the rollout of a vaccine program [48][49] Question: Insights on revenue management initiatives? - The company focuses on preserving rate integrity rather than engaging in a race to the bottom on pricing, which positions them well for recovery [50][51] Question: Occupancy trends moving into October? - Incremental increases in occupancy have been observed since April, with expectations for continued gradual increases due to local jurisdiction decisions [55][56] Question: Clarification on cash balance and loan payments? - The company is current on mortgage loans and has negotiated various forbearance agreements with lenders, ensuring compliance with modified terms [60][66] Question: Split of CMBS versus individual hotel loans? - The company has three CMBS loans among its 12 mortgages, with no cross-collateralization [69][70] Question: Performance of breakeven hotels and economic improvement? - Leisure destinations have driven improvements in occupancy, particularly in areas with minimal restrictions, while urban core locations have faced challenges [74][75]

Sotherly Hotels, Inc. (NASDAQ:SOHO) Q2 2020 Earnings Conference Call August 10, 2020 10:00 AM ET Company Participants Mack Sims - Vice President of Operations, Investor Relations Scott Kucinski - Executive Vice President, Chief Operating Officer Tony Domalski - Chief Financial Officer, Secretary Dave Folsom - President & Chief Executive Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Operator Good morning and welcome to the Sotherly Hotels' Second Quarter 2020 Earnings Call and Webca ...

Sotherly Hotels Inc. (NASDAQ:SOHO) Q1 2020 Results Earnings Conference Call June 24, 2020 10:00 AM ET Company Participants Mack Sims - Vice President of Operations, Investor Relations Scott Kucinski - Executive Vice President, Chief Operating Officer Tony Domalski - Chief Financial Officer, Secretary Dave Folsom - President, Chief Executive Officer Conference Call Participants Tyler Batory - Janney Capital Markets Daniel Santos - Piper Jaffray Chris Reynolds - Neuberger Operator Hello and welcome to the Sot ...