Sotherly Hotels Inc. Announces Deferral of Payment of Preferred Dividends

Core Points - Sotherly Hotels Inc. has announced the deferral of dividend payments for its Series B, C, and D Cumulative Redeemable Perpetual Preferred Stock, originally scheduled for November 20, 2025, affecting shareholders of record as of October 31, 2025 [1] - The company is also suspending future preferred stock dividends, and the record date for the affected series has been cancelled [1] Company Overview - Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on acquiring, renovating, and repositioning upscale to upper-upscale full-service hotels primarily in the Southern United States, with opportunistic acquisitions throughout the country [2] - The company's portfolio includes ten hotel properties with a total of 2,786 rooms, as well as interests in two condominium hotels and their associated rental programs [2] - Sotherly Hotels operates hotels under brands such as Hilton Worldwide and Hyatt Hotels Corporation, in addition to independent hotels [2] - The company was established in 2004 and is headquartered in Williamsburg, Virginia [2]