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Sotherly Hotels Inc (SOHO.OQ)

SOHO.OQ on NASDAQ Stock Exchange Global Market

7.01USD
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Sotherly Hotels Announces Acquisition Of Hyatt Centric Arlington
Monday, 5 Mar 2018 05:15pm EST 

March 5 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS INC. ANNOUNCES ACQUISITION OF HYATT CENTRIC ARLINGTON.SOTHERLY HOTELS INC - DEAL FOR ‍AN AGGREGATE PURCHASE PRICE OF $79.7 MILLION​.SOTHERLY HOTELS - UNIT OF OPERATING PARTNERSHIP, SOTHERLY HOTELS LP, ACQUIRED 318-ROOM HYATT CENTRIC ARLINGTON LOCATED IN VIRGINIA​.SOTHERLY HOTELS - AS A PART OF DEAL, CLOSED ON NEW $57.0 MILLION FIRST AND SECOND MORTGAGE WITH FIFTH THIRD BANK TO PARTIALLY FUND DEAL.  Full Article

Sotherly Hotels Qtrly FFO Per Share And Unit $0.01‍​
Tuesday, 27 Feb 2018 09:00am EST 

Feb 27 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS INC. REPORTS FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2017.SOTHERLY HOTELS INC - QTRLY FFO PER SHARE AND UNIT $0.01‍​.SOTHERLY HOTELS INC - QTRLY ADJUSTED FFO AVAILABLE TO COMMON HOLDERS PER SHARE AND UNIT $0.22.SOTHERLY HOTELS INC - QTRLY TOTAL REVENUE $38.2 MILLION VERSUS $35.9 MILLION.SOTHERLY HOTELS - QTRLY REVPAR INCREASED 7.6% OVER LAST YEAR, TO $94.42 DRIVEN BY 1.2% DECREASE IN OCCUPANCY AND AN 8.9% INCREASE IN AVERAGE DAILY RATE.SOTHERLY HOTELS INC - IMPACT OF REVALUATION OF DEFERRED TAX ASSET IS ABOUT $2.7 MILLION, WHICH IS A ONE-TIME NON-CASH CHARGE TO EARNINGS IN QTR‍​.SOTHERLY HOTELS INC - SEES 2018 TOTAL REVENUE $167.8 MILLION TO $169.1 MLN‍​.SOTHERLY HOTELS INC - SEES 2018 FFO PER SHARE AND UNIT $1.04 TO $1.07‍​.SOTHERLY HOTELS INC - SEES 2018 ADJUSTED FFO AVAILABLE TO COMMON HOLDERS PER SHARE AND UNIT $1.04 TO $1.08‍​.SOTHERLY HOTELS INC - SEES 2018 REVPAR $106.23 TO $107.09‍​.  Full Article

Sotherly Hotels Prices $25.0 Million Senior Unsecured Notes Offering
Thursday, 8 Feb 2018 05:41pm EST 

Feb 8 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS LP PRICES $25.0 MILLION SENIOR UNSECURED NOTES OFFERING.SOTHERLY HOTELS INC - OPERATING PARTNERSHIP HAS PRICED AN UNDERWRITTEN PUBLIC OFFERING OF $25.0 MILLION OF 7.25% SENIOR UNSECURED NOTES DUE 2021.  Full Article

Sotherly Hotels Estimate Total Revenue Will Be In Range Of About $37.9 Mln To About $38.2 Mln
Monday, 5 Feb 2018 08:46am EST 

Feb 5 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS INC - FOR THREE-MONTH PERIOD ENDED DEC 31, 2017, ESTIMATE THAT TOTAL REVENUE WILL BE IN RANGE OF ABOUT $37.9 MILLION TO ABOUT $38.2 MILLION.SOTHERLY HOTELS - ESTIMATES IMPACT OF REVALUATION OF DEFERRED TAX ASSET TO BE IN RANGE OF $2.6 MILLION TO $2.7 MILLION, IMPACT IS CHARGE TO Q4 EARNINGS.SOTHERLY HOTELS - ‍FOR THREE-MONTH PERIOD ENDED DECEMBER 31, 2017, ESTIMATE PRELIMINARY NET LOSS IN RANGE OF ABOUT $(4.0) MILLION TO ABOUT $(3.5) MILLION​.SOTHERLY HOTELS SAYS REVPAR FOR CO'S WHOLLY-OWNED PORTFOLIO DURING QUARTER ENDED DEC 31, 2017 IS ESTIMATED TO BE IN RANGE OF $92.49 TO $94.11 -SEC FILING ​.SOTHERLY HOTELS - REDUCTION IN FEDERAL TAX RATE NEGATIVELY IMPACTED Q4 RESULTS BUT IS EXPECTED TO POSITIVELY IMPACT FUTURE AFTER-TAX EARNINGS.SOTHERLY HOTELS INC - FOR THREE-MONTH PERIOD ENDED DECEMBER 31, 2017, ESTIMATE FFO TO BE BETWEEN ABOUT $64.0 THOUSAND TO ABOUT $382.0 THOUSAND.SOTHERLY HOTELS INC - FOR THE THREE-MONTH PERIOD ENDED DEC 31, 2017, ESTIMATE‍​ ADJUSTED FFO TO BE BETWEEN ABOUT $3.1 MILLION TO ABOUT $3.6 MILLION.  Full Article

Sotherly Hotels LP Announces Launch Of Public Offering Of Senior Unsecured Notes
Monday, 5 Feb 2018 08:22am EST 

Feb 5 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS LP ANNOUNCES LAUNCH OF PUBLIC OFFERING OF SENIOR UNSECURED NOTES.SOTHERLY HOTELS - TO USE PROCEEDS FROM OFFERING, EXISTING CASH, ADDITIONAL FINANCING, TO PURCHASE HYATT CENTRIC ARLINGTON HOTEL, AMONG OTHERS​.  Full Article

Sotherly Hotels Board Authorizes Extension Of Co's Stock Repurchase Program - SEC Filing
Friday, 22 Dec 2017 04:18pm EST 

Dec 22 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS INC SAYS BOARD OF CO AUTHORIZED EXTENSION OF CO'S STOCK REPURCHASE PROGRAM ON SAME TERMS THROUGH DECEMBER 31, 2018 - SEC FILING.SOTHERLY HOTELS INC - STOCK REPURCHASE PROGRAM WAS ORIGINALLY ANNOUNCED IN DECEMBER 2016.  Full Article

Sotherly Hotels Enters Hotel Purchase & Sale Agreement To Buy Hyatt Centric Arlington
Wednesday, 13 Dec 2017 05:34pm EST 

Dec 13 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS INC - ENTERED HOTEL PURCHASE & SALE AGREEMENT TO BUY HYATT CENTRIC ARLINGTON HOTEL FOR ABOUT $81 MILLION - SEC FILING.  Full Article

SOTHERLY HOTELS ENTERS INTO FRANCHISE AGREEMENT WITH HILTON TO REBRAND ITS WILMINGTON HOTEL ​
Thursday, 16 Nov 2017 01:08pm EST 

Nov 16 (Reuters) - Sotherly Hotels Inc ::SOTHERLY HOTELS - ‍ ENTERED INTO A 10-YEAR FRANCHISE AGREEMENT WITH HILTON TO REBRAND ITS WILMINGTON, NORTH CAROLINA HOTEL AS HOTEL BALLAST WILMINGTON​.SOTHERLY HOTELS - CONVERSION OF WILMINGTON HOTEL TO TAKE PLACE ON OR BEFORE MARCH 31, 2018, SUBJECT TO CERTAIN PRODUCT IMPROVEMENT REQUIREMENTS​.  Full Article

Sotherly Hotels reports qtrly ‍FFO per share and unit $0.17​
Tuesday, 7 Nov 2017 09:00am EST 

Nov 7 (Reuters) - Sotherly Hotels Inc ::Sotherly Hotels Inc. reports financial results for the third quarter ended September 30, 2017.Qtrly ‍FFO per share and unit $0.17.Qtrly ‍adjusted FFO available to common holders per share and unit $0.11.Qtrly room revenue per available room ("REVPAR") increased 1.4% over three months ended September 30, 2016, to $97.56 ​​.Sees 2017 total revenue of $152.3 million to $153.0 million .Sees FY 2017 ‍FFO per share and unit in range of $0.89 - $0.92​.Sees ‍ 2017 adjusted FFO available to common holders per share and unit of $0.90 - $0.94​.Sees 2017 revenue par in a range of $100.94 to $102.27‍​.  Full Article

Sotherly Hotels announces launch of offering of series C cumulative redeemable perpetual preferred stock
Monday, 2 Oct 2017 08:06am EDT 

Oct 2 (Reuters) - Sotherly Hotels Inc :Sotherly Hotels Inc announces launch of offering of series C cumulative redeemable perpetual preferred stock.Sotherly Hotels Inc - to contribute net proceeds to Sotherly Hotels LP​, which intends to redeem in full 7.0 pct senior unsecured notes due 2019.  Full Article

BRIEF-Sotherly Hotels Reports Qtrly Loss Per Share $0.02

* SOTHERLY HOTELS INC. REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2018