reports
Sotherly Hotels Inc. Receives Notification of Deficiency From Nasdaq R...
Sotherly Hotels Inc. Receives Notification of Deficiency From Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q WILLIAMSBURG, Va., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq’s conti...
Sotherly Hotels Inc. Reports Financial Results for the Second Quarter ...
Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2024 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*: Three Months Ended Six Months Ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 ($ in thousands except per share data) ($ in thousand...
Sotherly Hotels Inc. Announces Quarterly Preferred Dividends
Sotherly Hotels Inc. Announces Quarterly Preferred Dividends WILLIAMSBURG, Va., July 30, 2024 (GLOBE NEWSWIRE) -- (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 authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of beneficial interest of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on September 16, 2024, to s...
Sotherly Hotels Inc. Schedules Second Quarter 2024 Earnings Release an...
Sotherly Hotels Inc. Schedules Second Quarter 2024 Earnings Release and Conference Call WILLIAMSBURG, Va., July 17, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2024 prior to the market opening on Tuesday, August 13, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s second quarter 2024 results. The information to be discussed on the call will be contained in the Company’...
Sotherly Hotels Inc. Announces Refinancing and Relaunch Plans for Jack...
Sotherly Hotels Inc. Announces Refinancing and Relaunch Plans for Jacksonville, FL Hotel WILLIAMSBURG, Va., July 09, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel (the “Hotel”) in Jacksonville, FL. The loan, which carries a floating interest rate based on SOFR plus 3.0%, has an initial principal balance of approximately $26.25 million, with an additional $9.49 million available to fund a product improvement plan at the Hote...
Sotherly Hotels Inc. Receives Notification of Deficiency from Nasdaq R...
Sotherly Hotels Inc. Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q WILLIAMSBURG, Va., May 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Form 10-Q") in a timely fashion. The Notice advised the Company that it was not in compliance with Nasdaq’s conti...
Moody's Ratings downgrades Service Properties Trust's guaranteed notes...
Moody's Ratings (Moody's) today downgraded Service Properties Trust's ("SVC") guaranteed and non-guaranteed senior unsecured ratings to B2 and B3 from B1 and B2, respectively, and its senior unsecured shelf rating to (P)B3 from (P)B2. In addition, Moody's downgraded the senior secured rating to B2 f...
Sotherly Hotels Inc. Reports Financial Results for the First Quarter E...
Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2024 WILLIAMSBURG, Va., May 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported its consolidated results for the first quarter ended March 31, 2024. The Company’s results include the following*: Three Months Ended March 31, 2024 March 31, 2023 ($ in thousands except per share data) Total revenue$46,548 $43,491 Net loss attributable to common stockholders ...
Sotherly Hotels Inc. Announces Refinancing and Renovation Plans for Ph...
Sotherly Hotels Inc. Announces Refinancing and Renovation Plans for Philadelphia Hotel WILLIAMSBURG, Va., May 03, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed an extension which includes amended mortgage loan terms on its first mortgage with TD Bank, collateralized by the DoubleTree by Hilton Philadelphia Airport in Philadelphia, PA. The interest-only loan, which has been reduced by $3.0 million to $35.9 million, matures in April 2026 and carries a floating interest rate based on SOFR plus 3.5%. As part of the transaction, the Borr...
Sotherly Hotels Inc. Announces Quarterly Preferred Dividends
Sotherly Hotels Inc. Announces Quarterly Preferred Dividends WILLIAMSBURG, Va., April 30, 2024 (GLOBE NEWSWIRE) -- (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 authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of beneficial interest of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on June 17, 2024 to shareh...
Sotherly Hotels Inc. Schedules First Quarter 2024 Earnings Release and...
Sotherly Hotels Inc. Schedules First Quarter 2024 Earnings Release and Conference Call WILLIAMSBURG, Va., April 15, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the first quarter 2024 prior to the market opening on Thursday, May 9, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s first quarter 2024 results. The information to be discussed on the call will be contained in the Company’s ear...
Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter ...
Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter Ended December 31, 2023 WILLIAMSBURG, Va., March 06, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported its consolidated results for the fourth quarter and year ended December 31, 2023. The Company’s results include the following*: Three Months Ended Year Ended December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 ($ in thousand...
Sotherly Hotels Inc. Announces Dividend Tax Treatment
Sotherly Hotels Inc. Announces Dividend Tax Treatment WILLIAMSBURG, Va., Feb. 14, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) today announced the estimated income tax classification of the Company’s 2023 distributions on its Series B preferred shares (CUSIP #83600C301), Series C preferred shares (CUSIP #83600C400), and Series D preferred shares (CUSIP #83600C509). The income tax classification of the 2023 distributions as it is expected to be reported on Form 1099-DIV is set forth in the following table: SERIES B PREFERRED SHARES TotalTaxableNontaxable RecordPaidCash Dist...
Sotherly Hotels Inc. Announces Refinancing Of Tampa Hotel
Sotherly Hotels Inc. Announces Refinancing Of Tampa Hotel WILLIAMSBURG, Va., Feb. 13, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed a $35.0 million secured loan with Citi Real Estate Funding Inc., collateralized by a first mortgage on Hotel Alba, Tapestry Collection by Hilton located in Tampa, Florida. The interest-only loan, which has a principal balance of $35.0 million, matures on March 6, 2029, and carries a fixed interest rate of 8.49%. Proceeds from the loan were used to repay the existing first mortgage and for general corpor...
Sotherly Hotels Inc. Announces Quarterly Preferred Dividends
Sotherly Hotels Inc. Announces Quarterly Preferred Dividends WILLIAMSBURG, Va., Jan. 30, 2024 (GLOBE NEWSWIRE) -- (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 authorized, and the Company has declared, a quarterly cash dividend of $0.50 per share of beneficial interest of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred dividend will be paid on March 15, 2024 to shareh...
Sotherly Hotels Inc. Schedules Fourth Quarter 2023 Earnings Release an...
Sotherly Hotels Inc. Schedules Fourth Quarter 2023 Earnings Release and Conference Call WILLIAMSBURG, Va., Jan. 15, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the fourth quarter 2023 prior to the market opening on Wednesday, March 6, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s fourth quarter 2023 results. The information to be discussed on the call will be contained in the Company’...
Moody's corrects the rating history of Service Properties Trust guaran...
Moody's has corrected the rating history of the Service Properties Trust guaranteed shelf registration, expiration date August 20, 2021, to reflect that the rating for this program was withdrawn as of August 20, 2021. Due to an internal administrative error, the rating for this program was not withd...
Sotherly Hotels Inc. Reports Financial Results for the Third Quarter E...
Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2023 WILLIAMSBURG, Va., Nov. 09, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported its consolidated results for the third quarter ended September 30, 2023. The Company’s results include the following*: Three Months Ended Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 ($ in thousands except per share data...
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