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 2021

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Sotherly Hotels (SOHO) reports solid Q1 performance and optimistic outlook

Sotherly Hotels (SOHO) delivered a strong Q1 performance with revenue of $46.5 million and Hotel EBITDA of $12.4 million. Despite challenges from rising costs, the company remains optimistic about future growth opportunities driven by group travel and market recoveries. Strategic corporate activities and a positive outlook for RevPAR growth signal a promising trajectory for the company.

Sotherly Hotels reports solid Q2 performance amidst revenue challenges

Sotherly Hotels demonstrated positive performance in Q2 2024 with revenue and EBITDA growth, despite facing challenges in ADR and adjusted FFO.
The company's strengths in property performance and market demand, along with financial stability, position it well for future growth.
To capitalize on opportunities, Sotherly Hotels should focus on revenue optimization, franchise expansion, and strategic financial management.

Sotherly Hotels reports revenue growth amidst hurricane challenges in Q3

Sotherly Hotels (SOHO) navigated through hurricane challenges in Q3 2024, reporting revenue growth but a deficit in adjusted FFO. Despite the impact of hurricanes, the company remains focused on improving occupancy rates and managing its debt levels. Management provided insights on the recovery process and future strategies during the earnings call.

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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.

WILLIAMSBURG, Va., May 30, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that its Board of Directors has authorized payment of a special cash dividend for the Company's Series B, Series C, and Series D Preferred Stock.

Sotherly Hotels Inc. Announces Special Preferred Dividend Payable in July

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 ) Q1 2023 Earnings Conference Call May 11, 2023 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 Operator Hello, and welcome to the Sotherly Hotels First Quarter 2023 Earnings Call and Webcast. My name is Alex.

Sotherly Hotels, Inc. (SOHO) Q1 2023 Earnings Call Transcript

Sotherly Hotels (SOHO) came out with quarterly funds from operations (FFO) of $0.24 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.07 per share a year ago.

Sotherly Hotels (SOHO) Q1 FFO Beat Estimates

WILLIAMSBURG, Va., May 11, 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 first quarter ended March 31, 2023. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the First Quarter Ended March 31, 2023

WILLIAMSBURG, Va., May 05, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed a $10.0 million secured loan with Citi Real Estate Funding Inc., collateralized by a first mortgage on the DoubleTree by Hilton Laurel in Laurel, Maryland. The interest only loan, which has a principal balance of $10.0 million, matures in May 2028 and carries a fixed interest rate of 7.35%. Proceeds from the loan were used to repay the existing first mortgage and for general corporate purposes.

Sotherly Hotels Inc. Announces Refinancing of Laurel, MD Hotel

WILLIAMSBURG, Va., April 18, 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 announced that the Company anticipates that it will not have a sufficient number of shares of the Company's common stock present in person or represented by proxy at the 2023 Annual Meeting of Stockholders (the "Annual Meeting"), scheduled for Tuesday, April 25, 2023 at 9:00 a.m. Eastern Time, to constitute a quorum. The Company has decided to postpone the Annual Meeting to 9:00 a.m. Eastern Time on Thursday, May 18, 2023 at the William & Mary Alumni House, Leadership Hall, located at 500 Richmond Road, Williamsburg, Virginia 23185.

Sotherly Hotels Inc. Announces Postponement of Annual Meeting of Stockholders

WILLIAMSBURG, Va., April 12, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the first quarter 2023 prior to the market opening on Thursday, May 11, 2023. 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 2023 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 2023 Earnings Release and Conference Call

WILLIAMSBURG, Va., April 03, 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 preliminary operating results for the Company's ten 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, the Sheraton Louisville Riverside, or the DoubleTree by Hilton Raleigh Brownstone.

Sotherly Hotels Inc. Reports Preliminary Operating Results for the First Quarter Ended March 31, 2023

Sotherly Hotels Inc. (NASDAQ:SOHO ) Q4 2022 Earnings Conference Call March 2, 2023 10:00 AM ET Company Representatives Dave Folsom - President, Chief Executive Officer Scott Kucinski - Executive Vice President, Chief Operating Officer Tony Domalski - Vice President, Chief Financial Officer Mack Sims - Vice President of Operations Conference Call Participants Alexander Goldfarb - Piper Sandler Operator Hello! And welcome to today's Sotherly Hotels, 4Q 2022 Earnings Call and Webcast.

Sotherly Hotels Inc. (SOHO) Q4 2022 Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of 485.71% and 1.33%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Surpasses Q4 FFO Estimates

WILLIAMSBURG, Va., March 02, 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 fourth quarter and year ended December 31, 2022. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2022

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The REIT sector sharply rebounded from a tough 2022 with an +11.77% total return in January 2023. Micro cap REITs (+16.16%) saw disproportionately strong gains in January, followed by double-digit returns for small caps (+11.79%), mid caps (+11.50%) and large caps (+10.07%).

The State Of REITs: February 2023 Edition

Sotherly Hotels Inc - 8.25% PRF PERPETUAL USD 25 - Ser D

The lodging industry was one of the first and worst pandemic casualties. Sotherly Hotels' debt heavy capitalization proved particularly damaging when travel stopped in early 2020.

Sotherly Hotels: On The Road To Recovery

WILLIAMSBURG, Va., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (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 that were previously declared on January 27, 2020.

Sotherly Hotels Inc. Announcements Reinstatement of Quarterly Preferred Dividends

WILLIAMSBURG, Va., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the fourth quarter 2022 prior to the market opening on Thursday, March 2, 2023. 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 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 Fourth Quarter 2022 Earnings Release And Conference Call

WILLIAMSBURG, Va., Jan. 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 preliminary operating results for the Company's ten 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, the Sheraton Louisville Riverside, or the DoubleTree by Hilton Raleigh Brownstone.

Sotherly Hotels Inc. Reports Preliminary Operating Results for the Fourth Quarter Ended December 31, 2022

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Sotherly Hotels Inc. (NASDAQ:SOHO ) Q3 2022 Results Conference Call November 10, 2022 10:00 AM ET Company Participants Mack Sims - Head of IR Scott Kucinski - Executive Vice President and Chief Operating Officer Tony Domalski - Vice President and Chief Financial Officer Dave Folsom - President and Chief Executive Officer Conference Call Participants Alexander Goldfarb - Piper Sandler Operator Hello, and welcome to today's Sotherly Hotels Third Quarter 2022 Earnings Call and Webcast. My name is Bailey, and I'll be your moderator for today's call.

Sotherly Hotels Inc. (SOHO) Q3 2022 Earnings Call Transcript

Sotherly Hotels (SOHO) delivered FFO and revenue surprises of -20% and 3.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sotherly Hotels (SOHO) Q3 FFO and Revenues Lag Estimates

WILLIAMSBURG, Va., Nov. 10, 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 third quarter ended September 30, 2022. The Company's results include the following*:

Sotherly Hotels Inc. Reports Financial Results For The Third Quarter Ended September 30, 2022

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Hotel REITs have held up surprisingly well throughout the recent market turmoil and remain one of the top-performing property sectors this year following a solid summer of operating performance. Several years of pent-up leisure demand from COVID delays helped to offset a slow business travel recovery. STR recently reported that profitability levels were above 2019 levels throughout the summer.

Hotel REITs: Winter Is Coming

WILLIAMSBURG, Va., Oct. 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 preliminary operating results for the Company's ten 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, the Sheraton Louisville Riverside, or the DoubleTree by Hilton Raleigh Brownstone. In addition, the Company reported no physical damage to its portfolio from Hurricane Ian, the Category 4 storm that made landfall in the US last week.

Sotherly Hotels Inc. Reports Preliminary Operating Results for the Third Quarter Ended September 30, 2022, and Provides Hurricane Ian Portfolio Update

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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, 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

News for Sotherly Hotels Stock (SOHO)