SOHO Research | Milton Maxwell

SOHO

Sotherly Hotels Inc.

2.1900

+0.0000+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

89.14M

P/E (TTM)

Basic EPS (TTM)

-0.41

Dividend Yield

Recent Filings

8-K

Preferred conversion notices issued

2/27/26Feb 27, 2026

Sotherly Hotels issued Change of Control notices to Series B, C, and D preferred holders after KW Kingfisher's February 12 merger closed, taking all common stock. Holders can convert by March 20 for $18.66, $19.13, or $16.64 per share—based on $2.25 common price—subject to caps. Unconverted shares stay outstanding. Remaining preferred to list on OTCQB.

8-K

Sotherly merger closes; Schulte manages.

2/18/26Feb 18, 2026

Sotherly Hotels completed its merger with KW Kingfisher LLC on February 12, 2026, becoming a wholly owned subsidiary while receiving $2.25 per common share. The deal refinanced $308M Apollo debt maturing 2029 and up to $45M Ascendant mezzanine maturing 2030, both funding preferred redemptions and PIP work, with Schulte Hospitality assuming management on 2.75% fees. Common stock delisted from Nasdaq; leadership swapped to KW executives.

8-K

Merger approved by shareholders

1/22/26Jan 22, 2026

Sotherly Hotels stockholders approved the merger with KW Kingfisher LLC on January 22, 2026, with 11.8M votes for amid 58.7% quorum. Common shareholders will receive $2.25 per share in cash upon closing, expected in Q1 2026. Merger faces customary closing conditions.

8-K

Forbearance on $37.7M hotel loan

12/17/25Dec 17, 2025

Sotherly Hotels entered a Forbearance Agreement on December 16, 2025, for its $37.7M Georgian Terrace hotel mortgage, past due since June 1 maturity. Lender halts foreclosure until June 1, 2026, after $3.8M principal paydown and $236K monthly payments; default interest accrues. Cash management persists. Forbearance buys time, yet full repayment looms.

8-K

Annual meeting elects directors

11/17/25Nov 17, 2025

Sotherly Hotels held its 2025 Annual Meeting on November 17, electing Maria Caldwell, Scott Gibson, and Walter Robertson with strong support, while David Folsom, Andrew Sims, and Gen. Anthony Zinni faced heavier withholding. Auditors Cherry Bekaert were ratified overwhelmingly. Say-on-pay passed narrowly; shareholders voted yearly frequency. Directors serve through next year.

About

Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly may also opportunistically acquire hotels throughout the United States. Currently, the Company's portfolio consists of investments in ten hotel properties, comprising 2,786 rooms, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.

CEO

Mr. David R. Folsom

IPO

12/17/2004

Website

https://www.sotherlyhotels.com

Employees

Sector

Real Estate

Industry

REIT - Hotel & Motel