DeSoto Hotel
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Sotherly Hotels announces $42M secured loan, shares jump over 20% post market (SOHO:NASDAQ)
Seeking Alphaยท 2025-09-17 20:13
Core Viewpoint - Sotherly Hotels (NASDAQ:SOHO) stock experienced a surge following the announcement of a $42 million secured loan with Citi Real Estate Funding [1] Group 1: Loan Details - The loan amount is $42 million [1] - It is secured by a first mortgage on the DeSoto Hotel located in Savannah, Georgia [1] Group 2: Market Reaction - Following the loan announcement, shares of Sotherly Hotels saw a significant increase [1]