[SCHEDULE 13G/A] Sotherly Hotels Inc. SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

SOTHERLY HOTELS, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

83600C103

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 83600C103

1

Names of Reporting Persons

Gator Capital Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,002,962.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,002,962.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,002,962.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.89 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 83600C103

1

Names of Reporting Persons

Derek Pilecki

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,002,962.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,002,962.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,002,962.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.89 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 83600C103

1

Names of Reporting Persons

Gator Financial Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 916,413.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 916,413.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

916,413.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.47 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 83600C103

1

Names of Reporting Persons

ECA Fund, Lp

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 78,349.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 78,349.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

78,349.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.37 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: SOTHERLY HOTELS, INC.
(b)	Address of issuer's principal executive offices: 306 South Henry Street, Suite 100, Williamsburg, VIRGINIA 23185
Item 2.
(a)	Name of person filing: Gator Capital Management, LLC Derek Pilecki Gator Financial Partners, LLC ECA Fund, LP
(b)	Address or principal business office or, if none, residence: 2502 N. Rocky Point Dr. Ste 665 Tampa, FL 33607
(c)	Citizenship: Gator Capital Management, LLC is a Delaware limited liability company Derek Pilecki is a United States citizen Gator Financial Partners, LLC is a Delaware limited liability company ECA Fund, LP a Texas Limited Partnership
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 83600C103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Gator Capital Management, LLC 1,002,962 Derek Pilecki 1,002,962 Gator Financial Partners, LLC 916,413 ECA Fund, LP 78,349
(b)	Percent of class: Gator Capital Management, LLC 4.89% Derek Pileck 4.89% Gator Financial Partners, LLC 4.47% ECA Fund, LP 0.38%.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: N/A N/A N/A
	(ii) Shared power to vote or to direct the vote: Gator Capital Management, LLC 1,002,962 Derek Pilecki 1,002,962 Gator Financial Partners, LLC 916,413 ECA Fund, LP 78,349
	(iii) Sole power to dispose or to direct the disposition of: N/A N/A N/A
	(iv) Shared power to dispose or to direct the disposition of: Gator Capital Management, LLC 1,002,962 Derek Pilecki 1,002,962 Gator Financial Partners, LLC 916,413 ECA Fund, LP 78,349
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Gator Capital Management, LLC

Signature:	Derek Pilecki
Name/Title:	Managing Member
Date:	06/30/2025

Derek Pilecki

Signature:	Derek Pilecki
Name/Title:	Individual
Date:	06/30/2025

Gator Financial Partners, LLC

Signature:	Derek Pilecki
Name/Title:	Managing Member
Date:	06/30/2025

ECA Fund, Lp

Signature:	Derek Pilecki
Name/Title:	Derek Pilecki
Date:	06/30/2025

Comments accompanying signature: After reasonable inquiry and to the best of each of the undersigned's knowledge and belief, each of the undersigned certifies that the information set forth in this Statement is true, complete and correct.

Exhibit Information

Exhibit 1 - Joint Filing Agreement dated March 6, 2025, among Gator Financial Partners, LLC, Gator Capital Management, LLC, and Derek Pilecki.