Sotherly Hotels

Sotherly Hotels, Inc. is a real estate investment trust, which engages in the ownership and management of hotels. It operates under the Hilton, CrownePlaza, DoubleTree, and Sheraton brands. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

Earnings data Q1 2024

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Sotherly Hotels, Inc. is a real estate investment trust. It engages in the business of acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels. The company was founded in August 2004 and is headquartered in Williamsburg, VA.

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Bull of the Day: Sotherly Hotels (SOHO)

Does Sotherly Hotels (SOHO) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Sotherly Hotels (SOHO) is a Great Momentum Stock to Buy

Sotherly Hotels (SOHO) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Sotherly Hotels (SOHO) Is Attractively Priced Despite Fast-paced Momentum

Sotherly Hotels Inc 8% Cum Red Pfd Series B

Sotherly Hotels Inc 7.875 % Cum Conv Perp Red Pfd Registered Shs Series C

Sotherly Hotels, Inc. (NASDAQ:SOHO ) Q2 2022 Earnings Conference Call August 11, 2022 10:00 AM ET Company Participants Andrew Sims - Vice President of Operations & Investor Relations David Folsom - President & Chief Executive Officer Anthony Domalski - Vice President & Chief Financial Officer Scott Kucinski - Executive Vice President & Chief Operating Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Operator Hello, everyone and welcome to the Sotherly Hotels Second Quarter 2022 Earnings Call and Webcast. My name is Victoria and I will be coordinating your call today.

Sotherly Hotels, Inc. (SOHO) CEO David Folsom on Q2 2022 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of 571.43% and 1.22%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Q2 FFO and Revenues Beat Estimates

WILLIAMSBURG, Va., Aug. 11, 2022 (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, 2022. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Second Quarter Ended June 30, 2022

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New Preferred Stock IPOs, June And July 2022

WILLIAMSBURG, Va., July 13, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2022 prior to the market opening on Thursday, August 11, 2022. 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 2022 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information .

Sotherly Hotels Inc. Schedules Second Quarter 2022 Earnings Release and Conference Call

Shares of Sotherly Hotels Inc. SOHO, +3.76% rose 3.8% in morning trading Wednesday, after the real estate investment trust (REIT) that focuses on hotels in the South reported second-quarter occupancy that rose from a year ago, but showed monthly declines for occupancy and revenue per available room (RevPAR) during the quarter. The company said overall occupancy was 69.5% in the second quarter, up 17.3% from a year ago but down 10.0% from the same period in pre-pandemic 2019.

Sotherly Hotels stock rallies after Q2 occupancy, RevPAR rise from last year, but tick down the last couple months

WILLIAMSBURG, Va., July 06, 2022 (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 provided an update on recent operating trends. Please visit Sotherly Hotels 2Q 2022 Operating Trends to view the updated presentation the Company released on its website, which includes additional details on recent operating trends.

Sotherly Hotels Inc. Provides Operating Update

WILLIAMSBURG, Va., June 29, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company has modified its existing mortgage loan with Fifth Third Bank secured by the Hotel Alba hotel in Tampa, Florida. The loan modification increased the principal balance to $25.0 million, extended the term by three years with two 1-year extension options, decreased the floating interest rate by 1.0% to SOFR plus 2.75%, and reduced the corporate guaranty. Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note. Including the payoff of the Kemmons Wilson secured note, the Company has reduced the debt obligations from its balance sheet by over $50.0 million during the first half of 2022.

Sotherly Hotels Inc. Completes Refinance of Tampa, FL Hotel; Proceeds Used to Pay Off Corporate Debt

WILLIAMSBURG, Va., June 14, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company has closed on the sale of the DoubleTree by Hilton Raleigh Brownstone in Raleigh, North Carolina for $42.0 million. A portion of the proceeds from the sale were used to repay the first mortgage and repay a majority of the Kemmons Wilson secured note. Remaining proceeds will be used to make any required distribution on the Company's preferred stock related to maintaining the Company's REIT status and for general corporate purposes.

Sotherly Hotels Inc. Completes Sale of Raleigh, NC Hotel, Partially Repays Corporate Debt

Sotherly Hotels, Inc. (NASDAQ:SOHO ) Q1 2022 Earnings Conference Call May 12, 2022 10:00 AM ET Company Participants Andrew Sims - VP, Operations & IR Scott Kucinski - EVP & COO Anthony Domalski - VP, Secretary & CFO David Folsom - President, CEO & Director Conference Call Participants Alexander Goldfarb - Piper Sandler & Co. Operator Hello, everyone, and welcome to the Sotherly Hotels First Quarter 2022 Earnings Calls. My name is Victoria, and I will be coordinating your call today.

Sotherly Hotels, Inc. (SOHO) CEO David Folsom on Q1 2022 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of 333.33% and 4.36%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Tops Q1 FFO Estimates

WILLIAMSBURG, Va., May 12, 2022 (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, 2022. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2022

WILLIAMSBURG, Va., April 13, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the first quarter 2022 prior to the market opening on Thursday, May 12, 2022. 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 2022 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information .

Sotherly Hotels Inc. Schedules First Quarter 2022 Earnings Release and Conference Call

WILLIAMSBURG, Va., April 01, 2022 (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 preliminary operating results for the Company's eleven wholly-owned properties, (“same-store” portfolio metrics). Accordingly, the actual data does not include the participating condominium hotel rooms of the Hyde Resort & Residences and the Hyde Beach House or the Sheraton Louisville Riverside which was sold on February 11, 2022. Preliminary same-store portfolio metrics for the first quarter 2022 were as follows:

Sotherly Hotels Inc. Reports Preliminary Operating Results for the First Quarter Ended March 31, 2022

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q4 2021 Results - Earnings Call Transcript

WILLIAMSBURG, Va., March 03, 2022 (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, 2021. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2021

WILLIAMSBURG, Va., Feb. 11, 2022 (GLOBE NEWSWIRE) --   Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company has closed on the sale of the Sheraton Louisville Riverside Hotel (the “Hotel”) in Jeffersonville, Indiana for $11.5 million.

Sotherly Hotels Inc. Completes Sale of Jeffersonville, Indiana Hotel

WILLIAMSBURG, Va., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the fourth quarter 2021 prior to the market opening on Thursday, March 3, 2022. 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 2021 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information .

Sotherly Hotels Inc. Schedules Fourth Quarter 2021 Earnings Release and Conference Call

WILLIAMSBURG, Va., Jan. 05, 2022 (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 preliminary operating results for the Company's twelve wholly-owned properties (“actual” portfolio metrics). Accordingly, the actual data does not include the participating condominium hotel rooms of the Hyde Resort & Residences and the Hyde Beach House. Preliminary actual portfolio metrics for the fourth quarter 2021 were as follows:

Sotherly Hotels Inc. Reports Preliminary Operating Results for the Fourth Quarter Ended December 31, 2021

Sotherly Hotels Inc. (SOHO) CEO Dave Folsom on Q3 2021 Results - Earnings Call Transcript

WILLIAMSBURG, Va., Nov. 12, 2021 (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, 2021. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2021

WILLIAMSBURG, Va., Oct. 13, 2021 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the third quarter 2021 prior to the market opening on Friday, November 12, 2021. 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 third quarter 2021 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information .

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