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Sotherly Hotels - SOHO STOCK NEWS

Welcome to our dedicated page for Sotherly Hotels news (Ticker: SOHO), a resource for investors and traders seeking the latest updates and insights on Sotherly Hotels stock.

Corporate Overview

Sotherly Hotels Inc. (SOHO) is a self-managed and self-administered lodging real estate investment trust (REIT) that has forged a longstanding reputation in the hospitality industry. Specializing in full-service, upscale, and upper-upscale hotel properties, Sotherly Hotels focuses on prime markets in the mid-Atlantic and southern United States. From the outset, the company has embraced a philosophy rooted in service, integrity, and hospitality—a legacy instilled by its founder, Edgar Sims, dating back to 1958. In today’s competitive landscape, Sotherly Hotels distinguishes itself by integrating operational excellence with strategic asset repositioning, ensuring that every property under its portfolio resonates with quality and a distinctive guest experience.

Business Strategy and Revenue Model

At the core of Sotherly Hotels Inc.'s business strategy is the acquisition, renovation, upbranding, and repositioning of full-service hotel properties. The company meticulously selects properties in high-growth markets and transforms them through strategic renovations and operational improvements that align with leading hotel standards. This approach not only enhances guest experiences but also optimizes revenue through multiple channels. Sotherly generates income primarily via:

  • Room Rentals: Delivering consistent occupancy rates in prime locations.
  • Food and Beverage Services: Operating full-service dining and bar facilities to complement hotel stays.
  • Ancillary Services: Including meeting spaces and event hosting that address diverse customer needs.
These diversified revenue streams ensure that the company remains resilient against market fluctuations and maintains a steady performance profile.

Portfolio and Market Presence

Sotherly Hotels Inc. has built a robust portfolio comprising high-quality properties that are strategically located in economically vibrant and high-growth markets. With properties spread across Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia, the company leverages geographic diversification as a hedge against regional economic variances. A number of its hotels operate under well-recognized international brand affiliations such as Hilton Worldwide, Starwood Hotels and Resorts, and Intercontinental Hotels Group, which further reinforces its market position and guest attraction capability.

Operational Excellence and Industry Expertise

Emphasizing operational efficiency, Sotherly Hotels Inc. utilizes an integrated management model that allows for direct control and oversight over its properties. This self-managed framework facilitates quicker decision-making and more effective cost controls, which are essential for maintaining competitive margins in the hospitality industry. The company’s approach to renovation and repositioning highlights its deep industry insights, as it aligns interior and exterior improvements with modern hospitality trends while preserving the legacy aspects of each property.

Competitive Position and Differentiation

Within the highly competitive hospitality and REIT sectors, Sotherly Hotels Inc. differentiates itself through a combination of legacy experience and contemporary management practices. The company’s distinctive emphasis on accruing operational improvements, strict cost management, and active portfolio repositioning enhances its ability to capture and retain market share. This is achieved by continually adapting to evolving guest preferences and maintaining a high standard of service and facility quality. Its partnerships with leading hotel brands also provide a reliable foundation for brand recognition and customer trust, setting a benchmark in the upscale lodging segment.

Commitment to Service and Integrity

The foundation of Sotherly Hotels Inc. is built on service excellence and steadfast integrity. Every decision, from the acquisition phase to the operational enhancements, is taken with a keen focus on maintaining high standards of hospitality. This commitment extends to all stakeholders involved, ensuring that the company not only meets the existing market demands but also preserves the core values that have been central to its growth for decades.

Comprehensive Investment in Quality

Sotherly Hotels Inc. operates in a market segment where consistent quality and experience are paramount. The company’s proactive approach in refinancing, lifecycle improvements, and strategic asset repositioning underscores its dedication to long-term operational excellence. While the industry does present challenges—ranging from escalating operational costs to competitive pressures—the company’s diversified strategy and focused management practices allow it to navigate these hurdles effectively. Investors and industry analysts appreciate the clarity of the company’s operational metrics and its exacting standards in both property management and guest services.

Conclusion

In summary, Sotherly Hotels Inc. represents a unique blend of heritage and modern efficiency in the hospitality REIT landscape. With a focus on upscale, full-service hotels in growth-oriented markets, the company leverages its expert management and strategic portfolio enhancements to consistently deliver quality experiences. Its balanced integration of operational acumen, strong brand affiliations, and commitment to integrity positions it as a compelling study in effective asset management within the competitive hotel industry.

Rhea-AI Summary
Sotherly Hotels Inc. (NASDAQ: SOHO) announced the income tax classification of its 2023 distributions on Series B, C, and D preferred shares. The distributions were non-taxable and included ordinary income and dividends. Shareholders will receive IRS Form 1099-DIV. No foreign taxes or qualified dividend income were involved.
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Sotherly Hotels Inc. (SOHO) announced a $35.0 million secured loan with Citi Real Estate Funding Inc. for Hotel Alba in Tampa, Florida. The interest-only loan matures in 2029 with an 8.49% fixed interest rate, used to repay existing debt and for corporate purposes, generating over $10 million in cash proceeds.
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Sotherly Hotels Inc. (NASDAQ: SOHO) has announced the authorization of quarterly cash dividends for its Series B, Series C, and Series D Preferred Stock. The dividends for Series B, Series C, and Series D are $0.50, $0.4921875, and $0.515625 per share, respectively. The dividends will be paid on March 15, 2024, to shareholders of record as of February 29, 2024.
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Sotherly Hotels Inc. (NASDAQ: SOHO) will report financial results for Q4 2023 on March 6, 2024. A conference call for investors is scheduled for 10:00 a.m. ET the same day. The call will be accessible by telephone and through the Internet. The earnings release will be available on the company's website. A taped rebroadcast will be available for those unable to listen to the live call.
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Sotherly Hotels Inc. (NASDAQ: SOHO) reported Q3 2023 results, including total revenue of $39.2 million, a net loss of $3.9 million, and a decrease in RevPAR. The company also announced a quarterly cash dividend for preferred stockholders.
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Sotherly Hotels Inc. (NASDAQ: SOHO) has announced the authorization of quarterly cash dividends for its Series B, Series C, and Series D Preferred Stock. The dividends are $0.50 per share for Series B, $0.4921875 per share for Series C, and $0.515625 per share for Series D. The dividends will be paid on December 15, 2023, to shareholders of record as of November 30, 2023.
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Sotherly Hotels Inc. to report Q3 2023 financial results on November 9, 2023
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FAQ

What is the current stock price of Sotherly Hotels (SOHO)?

The current stock price of Sotherly Hotels (SOHO) is $0.7215 as of April 21, 2025.

What is the market cap of Sotherly Hotels (SOHO)?

The market cap of Sotherly Hotels (SOHO) is approximately 13.1M.

What is the core business of Sotherly Hotels Inc.?

Sotherly Hotels Inc. is a self-managed lodging REIT that specializes in acquiring, renovating, and operating upscale, full-service hotel properties in high-growth US markets.

How does Sotherly Hotels generate its revenue?

The company generates revenue through multiple channels including room rentals, food and beverage services, and other ancillary services provided across its hotel properties.

In which geographical markets does Sotherly Hotels operate?

Sotherly Hotels primarily operates in the mid-Atlantic and southern United States, with properties located in states such as Florida, Georgia, Indiana, Maryland, North Carolina, Pennsylvania, Texas, and Virginia.

What brands are affiliated with the hotels in Sotherly's portfolio?

The portfolio includes hotels operating under well-known brands such as Hilton Worldwide, Starwood Hotels and Resorts, and Intercontinental Hotels Group, along with independent hotel brands.

How does Sotherly Hotels differentiate itself in the competitive hotel sector?

The company stands out through its self-managed operational model, focus on property renovation and repositioning, and long-standing commitment to service, integrity, and quality standards.

What operational strategies does Sotherly Hotels employ to maintain quality?

Sotherly employs strict cost control measures, proactive asset improvements, and strategic management practices that enable efficient decision-making and seamless integration of modern amenities while preserving legacy values.
Sotherly Hotels

Nasdaq:SOHO

SOHO Rankings

SOHO Stock Data

13.12M
16.96M
15.14%
32.49%
0.07%
REIT - Hotel & Motel
Real Estate Investment Trusts
Link
United States
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