Sotherly Hotels Inc.

Sotherly Hotels Inc. is a self-managed, self-administered lodging real estate investment trust that acquires, owns, renovates and repositions full‑service upscale and upper‑upscale hotel properties. It offers hotel ownership, condominium hotel commercial units and associated rental program management, and leases properties to taxable REIT subsidiary lessees while engaging an independent manager for daily operations. Its business comprises wholly‑owned hotels, condominium rental programs, TRS lessees and related asset-management and acquisition activities, including joint ventures and debt investments. The company focuses on primary markets in the mid‑Atlantic and southern United States and distributes rooms via brand franchises, independent operations and third‑party management.

Summary from filing dated 2025-03-31