Sotherly Hotels INC 8-K filings

Sotherly Hotels Inc. held its 2024 Annual Meeting of Stockholders on April 30, 2024, where seven directors were elected, the appointment of FORVIS, LLP as auditor was ratified, and an advisory vote on executive compensation was approved.

Sotherly Hotels Inc. announced its fourth quarter and full year 2023 financial results, showing a mixed performance with revenue increases offset by a net loss and decreased profitability metrics, while also providing a 2024 outlook.

Sotherly Hotels has extended the maturity date of a mortgage on the DoubleTree by Hilton Philadelphia Airport hotel by two months and is in discussions for a further two-year extension.

Sotherly Hotels Inc. has successfully refinanced its Tampa hotel with a $35 million loan, resulting in over $10 million in net proceeds for the company.

Sotherly Hotels has extended the maturity date of its mortgage on the DoubleTree by Hilton Philadelphia Airport hotel to February 29, 2024.