Sotherly Hotels Inc. is a hospitality company headquartered in Williamsburg, Virginia, and has been in operation since 2004. The company owns a portfolio of high-quality, full-service hotels primarily located in the high-growth markets of the Southern United States. As a self-managed and self-administered real estate investment trust (REIT), Sotherly Hotels Inc. is traded on the NASDAQ under the symbol SOHO.
With a portfolio consisting of investments in twelve wholly-owned hotel properties comprising 3,009 rooms, the company's properties operate under renowned brands such as Preferred Hotels and Resorts, Hilton Worldwide, Starwood Hotels and Resorts, and InterContinental Hotels Group.
The latest major investment for Sotherly Hotels Inc. was a $35.00M post-IPO debt investment on 13 February 2024, with Citigroup being the investor. The company continues to build on a foundation of service, integrity, and hospitality, carrying forward the legacy instilled by founder Edgar Sims in 1958.
Sotherly Hotels Inc. has demonstrated a strong presence in the hospitality industry, particularly in the Southern United States, making it an attractive investment prospect for venture capital firms. With a focus on high-growth markets and a diverse portfolio of hotel properties, the company presents opportunities for growth and expansion.