Sotherly Hotels INC 8-K filings

Sotherly Hotels Inc. announced the voluntary delisting of its preferred stock from Nasdaq following a change of control and the engagement of an affiliate for asset management services.

Sotherly Hotels Inc. has issued a Change of Control notice to preferred stockholders, detailing their right to convert shares into cash following the recent merger.

Sotherly Hotels Inc. stockholders have approved the merger with KW Kingfisher LLC, with the transaction expected to close in the first quarter of 2026.

Sotherly Hotels Inc. and its LP subsidiary entered a forbearance agreement to address a $37.7 million mortgage loan default on its Georgian Terrace hotel.

Sotherly Hotels Inc. announced the results of its 2025 Annual Meeting of Stockholders, including the election of six directors and the ratification of its independent auditor.

Sotherly Hotels Inc. received a default notice on a $49.3 million mortgage loan and saw the termination of a $17.75 million real estate sale.

Sotherly Hotels Inc. announced the deferral of its upcoming preferred stock dividends and the suspension of all future preferred stock dividends.

Sotherly Hotels Inc. will be acquired by a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners for $2.25 per common share in cash.

Herschel J. Walker has resigned from the board of directors of Sotherly Hotels Inc., effective October 17, 2025, with no reported disagreements.

Sotherly Hotels Inc. announced a change in its independent registered public accounting firm, dismissing Forvis Mazars, LLP and appointing Cherry Bekaert LLP.

Sotherly Hotels Inc. announced a $42.0 million mortgage loan for its DeSoto hotel in Savannah, GA, with a fixed interest rate of 7.13% and maturity in October 2030.

Sotherly Hotels Inc. and Banyan Street Capital LLC have rescinded the termination of their agreement for the $17.75 million sale of the Georgian Terrace hotel's parking garage, extending the buyer's investigation period until September 30, 2025.

Sotherly Hotels Inc. received an additional 180-day extension until February 9, 2026, to regain compliance with Nasdaq's minimum $1.00 bid price requirement, leading to its common stock transfer to the Nasdaq Capital Market.

Sotherly Hotels Inc. reported a significant decline in second-quarter 2025 financial results and substantially lowered its full-year 2025 guidance due to decelerating hotel demand.

Sotherly Hotels Inc. affiliate SOHO Atlanta, LLC entered into an agreement to sell a parking garage associated with its Georgian Terrace hotel for $17.75 million, with proceeds intended to reduce the hotel's mortgage principal following a recent notice of default.

Sotherly Hotels Inc. announced the date for its 2025 Annual Meeting of Stockholders and established new deadlines for stockholder proposals due to the meeting's timing.

Sotherly Hotels Inc. announced it received a Notice of Default on its $38.0 million mortgage loan secured by the Georgian Terrace hotel in Atlanta due to failure to pay all amounts when due, initiating negotiations for an extension.

Sotherly Hotels Inc. announces improved financial results for Q1 2025, driven by increased RevPAR and net income.

Sotherly Hotels Inc. reports increased total revenues and Hotel EBITDA for Q4 2024 and full year 2024, but also reports increased net losses attributable to common stockholders and decreased Adjusted FFO.

Sotherly Hotels Inc. received a notice from Nasdaq for failing to meet the minimum bid price requirement for continued listing.

Sotherly Hotels Inc. announced its third-quarter 2024 results, showing revenue growth and increased occupancy, but also a net loss and the impact of Hurricane Helene on one of its properties.

Sotherly Hotels has amended its master agreement with Our Town Hospitality, removing certain clauses and updating hotel management agreements.

Sotherly Hotels has filed its delayed first-quarter 2024 report and is working to file its second-quarter report by the extended Nasdaq deadline of November 18, 2024.

Sotherly Hotels Inc. has received a notice from Nasdaq for failing to file its quarterly report on time, putting the company at risk of delisting.

Sotherly Hotels has obtained a $5 million second mortgage loan for its DeSoto hotel in Savannah, GA, with a fixed interest rate of 7.50% and a maturity date of July 1, 2026.

Sotherly Hotels Inc. announced its second quarter 2024 financial results, showing revenue growth but a slight decrease in net income, alongside a rise in occupancy but a dip in average daily rate.

Sotherly Hotels has secured a $35.74 million loan to refinance and renovate its DoubleTree by Hilton Jacksonville Riverfront hotel, which will be rebranded as Hotel Bellamy.

Sotherly Hotels Inc. received a notice from Nasdaq for failing to file its quarterly report on time, potentially leading to delisting if a compliance plan is not accepted.

Sotherly Hotels Inc. announced its first quarter 2024 results, showing revenue growth but also an increase in net loss, alongside improvements in key operational metrics.

Sotherly Hotels Inc. has refinanced its mortgage on the DoubleTree by Hilton Philadelphia Airport, extended the loan maturity, and secured a new 10-year franchise agreement with Hilton, including a significant renovation plan.