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Sotherly Hotels Inc (SOHO.OQ)

SOHO.OQ on NASDAQ Stock Exchange Global Market

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22 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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

Sotherly Hotels files for mixed shelf of up to $250 mln
Thursday, 7 Sep 2017 06:25am EDT 

Sept 7 (Reuters) - Sotherly Hotels Inc :Sotherly Hotels Inc - files for mixed shelf of up to $250 million - SEC filing ‍​.  Full Article

Sotherly Hotels Q2 FFO per share $0.29
Tuesday, 8 Aug 2017 09:16am EDT 

Aug 8 (Reuters) - Sotherly Hotels Inc ::Sotherly Hotels Inc sees fy total revenue $152.7 million - $156.5 million .Sotherly hotels inc. Reports financial results for the second quarter ended june 30, 2017.Sotherly hotels inc qtrly total revenue $40.6 million versus $41.8 million.Qtrly ffo per share and unit $ 0.29.Qtrly adjusted ffo available to common holders per share and unit $ 0.32.Sotherly hotels inc sees 2017 ‍ffo per share and unit $1.03 - $1.10​.Sees fy adjusted ffo available to common holders per share and unit in range of $ 1.02 to $ 1.10.Sotherly hotels inc - company is updating its previously issued guidance for 2017.Sotherly hotels inc sees 2017 ‍rev par $101.09 - $102.11​.Sotherly hotels qtrly revpar increased 1.4 percent to $110.67 driven by a 2.5 percent decrease in occupancy and a 4.0 percent increase in average daily rate​.Q2 FFO per share view $0.40 -- Thomson Reuters I/B/E/S.Fy2017 FFO per share view $1.08 -- Thomson Reuters I/B/E/S.  Full Article