Sotherly Hotels Inc 8% Cum Red Pfd Series B

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.

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.

Sotherly Hotels

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

WILLIAMSBURG, Va., March  20, 2020  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced further clarification regarding its preferred stock dividends. On March 17, 2020, the Company announced that, as a result of the impacts of the COVID-19 pandemic and as approved by its board of directors, it is deferring payment of its previously announced dividends for its Series B Cumulative Redeemable Perpetual Preferred Stock, Series C Cumulative Redeemable Perpetual Preferred Stock, and Series D Cumulative Redeemable Perpetual Preferred Stock that were each scheduled to be paid on April 15, 2020 to shareholders of record as of March 31, 2020. In connection with that payment deferral, the March 31, 2020 record date for each of those series of preferred stock has been cancelled. The Company expects to set a new record date for future dividend payments when approved by its board of directors.

SOTHERLY HOTELS INC. PROVIDES CLARIFICATION REGARDING ITS FIRST QUARTER PREFERRED STOCK DIVIDENDS

WILLIAMSBURG, Va., March  17, 2020  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has implemented rigorous cost-savings measures to minimize the impact of revenue declines resulting from cancellations, corporate travel restrictions, and government mandated closures related to concerns surrounding COVID-19. The Company is taking the following actions at the property and corporate level:

SOTHERLY HOTELS INC. PROVIDES UPDATE ON OPERATIONS RELATED TO COVID-19; ANNOUNCES SUSPENSION OF COMMON STOCK AND PREFERRED DIVIDENDS

WILLIAMSBURG, Va., March  09, 2020  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has withdrawn its 2020 Guidance provided on February 27, 2020 due to the significant number of corporate group cancellations and ongoing corporate travel policy restrictions related to COVID-19.

Sotherly Hotels Inc. Announces Impact From COVID-19

Sotherly Hotels, Inc. (SOHO) CEO Dave Folsom on Q4 2019 Results - Earnings Call Transcript

WILLIAMSBURG, Va., Feb.  27, 2020  (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, 2019. The Company’s results include the following*:

Sotherly Hotels Inc. Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2019

WILLIAMSBURG, Va., Feb.  26, 2020  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has unanimously approved the promotion of three key members of the management team.

Sotherly Hotels Inc. Announces Promotions

WILLIAMSBURG, Va., Jan.  28, 2020  (GLOBE NEWSWIRE) --  Sotherly Hotels Inc.  (NASDAQ: SOHO) (the “Company”) announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.13 per common share of beneficial interest. The quarterly dividend will be paid on April 9, 2020 to shareholders of record as of March 13, 2020. The common dividend represents an annualized yield of approximately 8.1% percent based on the closing price of the Company’s common shares on January 27, 2020.

Sotherly Hotels Inc. Announces Quarterly Dividends

WILLIAMSBURG, Va., Dec.  10, 2019  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (“Sotherly” or the “Company”) today announced that the Company is moving its corporate offices, currently located at 410 West Francis Street, Williamsburg, Virginia. Effective December 10, 2019, the Company’s new corporate headquarters will be:

Sotherly Hotels Inc. Announces Relocation of Corporate Headquarters

WILLIAMSBURG, Va., Nov.  26, 2019  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (“Sotherly” or the “Company”) today announced that its Board of Directors has unanimously approved the promotion of three key members of the management team for an evolution of the Company’s senior leadership structure. Under the new structure, Company veteran Dave Folsom, President and Chief Operating Officer, will continue as President and will succeed Drew Sims as Chief Executive Officer of the Company, effective January 1, 2020. Mr. Sims will continue as Chairman of the Board of Directors as an employee of the Company and be responsible for advising the Company on strategic matters and major transactions, including acquisitions, dispositions, franchising and branding decisions, as well as capital market transactions. In addition, Scott Kucinski, Vice President of Operations and Investor Relations, is being promoted to Executive Vice President and Chief Operating Officer of the Company and Bert Kirkland, Compliance Officer, is being promoted to General Counsel, both effective January 1, 2020.

Sotherly Hotels Inc. Announces Senior Leadership Succession Plan

Sotherly Hotels, Inc. (SOHO) CEO Andrew Sims on Q3 2019 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of 250.00% and -0.35%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Beats Q3 FFO Estimates

WILLIAMSBURG, Va., Oct.  29, 2019  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc.  (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.13 per common share of beneficial interest. The quarterly dividend will be paid on January 10, 2020 to shareholders of record as of December 13, 2019. The common dividend represents an annualized yield of approximately 8.0% percent based on the closing price of the Company’s common shares on October 28, 2019.

Sotherly Hotels Inc.  Announces Quarterly Dividends

WILLIAMSBURG, Va., Sept.  30, 2019  (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has acquired the hotel commercial unit of the Hyde Beach House Resort & Residences (the “Resort”) located in Hollywood, Florida for $5.35 million. In connection with the closing, the Company acquired the hotel commercial unit, which consists of the designated lobby and front desk area, offices, and other spaces. The Company also entered into a 20-year management agreement for the parking garage and poolside cabanas of the Resort, as well as an agreement to operate and manage the condominium association. Pursuant to a Pre-Opening Services Agreement, the Company received a fee of $1.0 million in connection with certain pre-opening preparations. Also in connection with the closing, the Company’s DoubleTree Resort by Hilton Hollywood Beach received a construction disruption fee of $1.2 million and the Company acquired commercial unit 3 of the Resort, a +/- 3,000 square foot ballroom that was constructed and conveyed as required pursuant to an existing covenant and easement agreement.

Sotherly Hotels Inc. Announces Acquisition of Condo Hotel Commercial Unit

WILLIAMSBURG, Va., Sept.  09, 2019  (GLOBE NEWSWIRE) --  Sotherly Hotels Inc.   (NASDAQ: SOHO) (the “Company”) today announced that the Company has entered into a master agreement with Newport Hospitality Group, Inc. (“NHG”) and Our Town Hospitality LLC (“Our Town”) for the management of ten of the Company’s hotels, effective January 1, 2020. Pursuant to the master agreement, Our Town, a newly formed wholly-owned subsidiary of NHG, will be headquartered in Williamsburg, Virginia and dedicated solely to the management of the Company’s hotels. Our Town will be governed by a board of directors which will include two directors selected by the Company. For additional details please reference the Company’s Form 8-K filed this morning with the Securities and Exchange Commission.

Sotherly Hotels Inc. Enters Into Master Agreement

Sotherly Hotels' (SOHO) CEO Drew Sims on Q2 2019 Results - Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of -12.96% and -1.64%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

News for Sotherly Hotels Inc 8% Cum Red Pfd Series B Stock (SOHOB)