Sotherly Hotels Stock Price, News & Analysis

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).

Sotherly Hotels (NASDAQ: SOHO) has received a Notice of Default from the special servicer for its mortgage loan secured by the Georgian Terrace hotel in Atlanta. The default stems from the company's subsidiary, SOHO Atlanta LLC, failing to make required payments, with the current financial obligation estimated at $38.0 million as of July 2, 2025.

The company has engaged a consultant to negotiate a loan extension with the special servicer and continues to make interest payments, real estate tax escrow, and required reserve payments. Management clarified that this is a maturity default, not reflecting inability to service ongoing interest requirements, and attributes the situation to tighter underwriting standards and higher interest rates affecting commercial real estate refinancing.

Sotherly Hotels (NASDAQ: SOHO) reported its Q1 2025 financial results, showing mixed performance. Total revenue increased to $48.3M from $46.5M year-over-year. The company achieved net income of $4.7M, up significantly from $1.3M in Q1 2024. RevPAR for the composite portfolio increased 5.0% to $129.74, driven by a 3.9% increase in occupancy to 68.8%, despite a slight 1.1% decrease in ADR to $188.49. Hotel EBITDA grew to $12.9M from $12.4M. However, Adjusted FFO declined 12.8% to $4.5M. The company maintains a cautious outlook for 2025, projecting total revenues between $183.4M-$188.2M, with expected net loss attributable to common stockholders between ($8.7M)-($7.8M). Management noted concerns about reduced international travel and government-related bookings, while maintaining focus on cost control amid economic uncertainty.

Sotherly Hotels (NASDAQ: SOHO) has announced its Board of Directors' authorization of quarterly cash dividends for three series of preferred stock.

The dividend details are:

• Series B Preferred Stock: $0.50 per share (8.0% rate)
• Series C Preferred Stock: $0.4921875 per share (7.875% rate)
• Series D Preferred Stock: $0.515625 per share (8.25% rate)

All dividends will be paid on June 16, 2025, to shareholders of record as of May 30, 2025. This announcement covers the company's Cumulative Redeemable Perpetual Preferred Stock across all three series.

Sotherly Hotels (NASDAQ: SOHO) has scheduled its first quarter 2025 earnings release for Tuesday, May 13, 2025, before market opening. The company will host a conference call at 10:00 a.m. Eastern Time on the same day to discuss Q1 2025 results.

Investors can access the conference call via telephone at 833-470-1428 (US) using access code 808300. A webcast option will be available through the Investor Relations section of the company's website. For those unable to attend live, a replay will be accessible until March 20, 2025, by dialing 866-813-9403 with access code 926357.

Sotherly Hotels (NASDAQ: SOHO) reported its Q4 and full-year 2024 financial results. Key highlights include:

Revenue increased to $44.0 million in Q4 2024 from $42.1 million in Q4 2023. Full-year revenue grew 4.6% to $181.9 million. RevPAR for the composite portfolio increased 2.6% to $108.99 in Q4, driven by a 4.1% increase in occupancy to 64.1%, despite a 3.9% decrease in ADR to $170.10.

The company reported a net loss of $3.0 million in Q4 2024, compared to a $2.7 million loss in Q4 2023. Full-year net loss increased 65.4% to $6.7 million. Hotel EBITDA improved to $10.7 million in Q4 and $46.8 million for the full year, up 4.5% from 2023.

The company maintains approximately $28.7 million in cash and cash equivalents, with $319.3 million in outstanding debt at a 5.88% weighted average interest rate.