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.
Sotherly Hotels Inc. was a self-managed and self-administered lodging REIT focused on acquiring, renovating, upbranding and repositioning upscale to upper-upscale full-service hotels, primarily in the Southern United States. Its recurring company news covered operating and financial results, hotel financing, portfolio activity, material agreements, shareholder votes, governance matters and capital-structure disclosures tied to common and preferred equity.
Recent company developments also document Sotherly's completed acquisition by KW Kingfisher LLC and the resulting public-company transition, including Nasdaq delisting activity and preferred-stock reporting matters. Earlier business updates described hotel investments, condominium-hotel interests and properties operating under Hilton Worldwide, Hyatt Hotels Corporation and independent brands.
Sotherly Hotels (NYSE:SOHO) announced its Board approved voluntary delisting of its Series B, C and D Preferred Stock from Nasdaq, with a Form 25 expected on or about April 7, 2026 and last Nasdaq trading day on or about April 17, 2026.
The company said it will deregister the Preferred Stock under Section 12(b), continue SEC reporting and maintain REIT status after the February 12, 2026 merger in which Parent acquired all common shares and cash-converted over 80% of outstanding preferred shares.
Kemmons Wilson Hospitality Partners and Ascendant Capital Partners completed a merger to acquire Sotherly Hotels Inc. (Nasdaq: SOHO) for $2.25 per share in cash on Feb 12, 2026.
Schulte Hospitality Group will manage Sotherly’s 10 full‑service hotels and one condo‑hotel agreement; affiliates of Apollo and Ascendant provided debt financing commitments.
Sotherly Hotels (Nasdaq: SOHO) announced that its stockholders voted to approve a proposed merger with KW Kingfisher LLC, a joint venture led by affiliates of Kemmons Wilson Hospitality Partners with Ascendant Capital Partners as strategic partner.
The Joint Venture will acquire all outstanding Sotherly common stock, and holders are expected to receive $2.25 per share in cash upon closing. The merger remains subject to closing conditions and is expected to close during the first quarter of 2026. Final voting results will be included in a Form 8-K to be filed with the U.S. Securities and Exchange Commission.
Sotherly Hotels (NASDAQ: SOHO) announced on Oct 27, 2025 that it is deferring payment of previously announced dividends for its Series B, Series C, and Series D cumulative redeemable perpetual preferred stock that were scheduled for Nov 20, 2025.
The company cancelled the Oct 31, 2025 record date for each affected preferred series and said it is suspending future preferred stock dividends.
Sotherly Hotels (Nasdaq: SOHO) agreed to be acquired by a joint venture led by Kemmons Wilson Hospitality Partners with Ascendant Capital Partners for $2.25 per share in cash. The price represents a 152.7% premium to the October 24, 2025 closing price and a 126.4% premium to the 30-day VWAP. The Merger Agreement was unanimously approved by Sotherly's board following a special committee recommendation.
Affiliates of Apollo and Ascendant committed debt financing. The transaction is expected to close in Q1 2026, subject to stockholder approval and customary closing conditions. Major stockholder Andrew Sims agreed to vote his shares in favor.
Sotherly Hotels (NASDAQ: SOHO) will report third quarter 2025 financial results before market open on Thursday, November 13, 2025. Management will discuss results on a conference call the same day at 10:00 a.m. ET. The earnings release will be posted in the Investor Relations section under Financial Information at www.sotherlyhotels.com prior to the call. The conference call is available by phone at 833-470-1428 (U.S.) with access code 102853, and via a webcast from the Investor Relations site (advisory to join at least 15 minutes early to download needed software). A taped rebroadcast will be available about one hour after the live call by dialing 866-813-9403 and entering access code 914129.
Sotherly Hotels (NASDAQ: SOHO) has secured a $42.0 million refinancing for its DeSoto Hotel in Savannah, Georgia through Citi Real Estate Funding Inc. The interest-only loan carries a fixed interest rate of 7.13% and matures on October 6, 2030.
The proceeds will be used to repay the existing first mortgage and for general corporate purposes. This refinancing follows the company's independent lifestyle conversion strategy initiated in 2017, which management claims has created substantial value for both the hotel and shareholders.
Sotherly Hotels (NASDAQ:SOHO) reported mixed Q2 2025 financial results, with notable declines in key metrics. Total revenue decreased to $48.8 million from $50.7 million year-over-year, while RevPAR declined 5.4% to $130.20. The company reported a net loss attributable to common stockholders of $0.4 million, compared to a profit of $2.6 million in Q2 2024.
The company announced the sale of its Atlanta parking garage for $17.75 million, expected to close in Q4 2025, with proceeds planned to reduce hotel mortgage debt. Additionally, SOHO declared quarterly preferred stock dividends for Series B, C, and D shares.
Management revised its 2025 guidance downward, citing deceleration in hotel demand and macroeconomic uncertainties, with adjusted FFO per share now expected between $0.34 and $0.37, down from the previous $0.57-$0.61 range.
[ "Planned sale of Atlanta parking garage for $17.75 million to improve liquidity", "Business transient demand remained relatively stable with only slight decline vs 2024", "Group booking pace remains resilient with minor reductions compared to 2024", "Six-month net income attributable to common stockholders increased 15.9% to $2.3 million" ]Sotherly Hotels (NASDAQ:SOHO) has declared quarterly cash dividends for its three series of preferred stock. The company will pay $0.50 per share for its 8.0% Series B stock, $0.4921875 per share for its 7.875% Series C stock, and $0.515625 per share for its 8.25% Series D stock.
All dividend payments will be made on November 20, 2025, to shareholders of record as of October 31, 2025.
Sotherly Hotels (NASDAQ: SOHO) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 earnings report before market opening on Tuesday, August 12, 2025.
A conference call will be held at 10:00 a.m. Eastern Time on the same day to discuss the results. Investors can access the call via telephone at 833-470-1428 (access code: 203681) or through a webcast on the company's website. A replay will be available until August 19, 2025 by dialing 866-813-9403 (access code: 298292).