Sotherly Hotels Inc (SOHO)

SOHO.........................................https://stockcharts.com/h-sc/ui?s=SOHO&p=W&b=5&g=0&id=p86431144783

☝️🥳☝️

SOHO....................................................................a/h

$SOHO: WOoooooooo now $2

Nice moves here


There she goes............ up 20% so far today


GO $SOHO

Breaking News: $SOHO Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2020

WILLIAMSBURG, Va., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) , (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported its consolidated resul...

Find out more SOHO - Sotherly Hotels Inc. Reports Financial Results for the Third Quarter Ended September 30, 2020

The art' seems to be confusing the REIT(sohob) with the hotels(soho).

That is a no no! Yes...it was always such before the REIT. But the REIT is now "publicly" separated instead of "privately" separated.

https://seekingalpha.com/news/3567878-sotherly-hotels-takes-ax-to-costs-gets-loan-modifications soho$$

Incredible buy right now

This seems like an excellent long term play when the economy bounces back. Anyone buying here?

$SOHO Southerly Hotels, Inc.:

Revenue and RevPAR. For the three-month period ending March 31, 2019, Total Revenue increased 13.5% over the three-month period ending March 31, 2018. Room revenue per available room (“RevPAR”) for the Company’s composite portfolio, which includes the Hyatt Centric Arlington and the rooms participating in our rental program at the Hyde Resort & Residences, during the three-month period ending March 31, 2019, increased 8.8% over the three months ended March 31, 2018, to $121.86 reflecting a 5.2% increase in occupancy and a 3.5% increase in average daily rate (“ADR”).

Common Dividends. On April 29, 2019, the Company announced a quarterly dividend (distribution) on its common stock (and units) of $0.13 per share (and unit) to stockholders (and unitholders) of record as of June 14, 2019, payable on July 11, 2019.

Hotel EBITDA. The Company generated hotel EBITDA of approximately $13.2 million during the three-month period ending March 31, 2019, hotel EBITDA increased 10.9% or approximately $1.3 million, over the three months ended March 31, 2018.

Adjusted FFO available to common stockholders and unitholders. For the three-month period ending March 31, 2019, Adjusted FFO available to common stockholders and unitholders increased 0.7% from the three months ended March 31, 2018.

Andrew M. Sims, Chairman and Chief Executive Officer of Sotherly Hotels Inc., commented, “We experienced a strong quarter to start the year. Each of our boutique hotels boasted double-digit gains in RevPAR, helping the portfolio achieve a RevPAR increase of 8.8% over the same quarter last year. We are pleased to see our repositioning strategy begin to take full effect and we look forward to the conversion of our Tampa property to Hotel Alba later this quarter.”

https://sotherlyhotels.com/

What's driving the price right now?

Nice pop after hours

Second qtr earnings out soon. Hope to beat estimates!!

Sotherly Hotels Inc. Schedules First Quarter 2018 Earnings Release and Conference Call
9:00 am ET April 4, 2018 (Globe Newswire) Print

Sotherly Hotels Inc. (NASDAQ:SOHO) (the "Company") announced that the Company will report financial results for the first quarter 2018 prior to the market opening on Tuesday, May 8, 2018. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company's first quarter 2018 results. The information to be discussed on the call will be contained in the Company's earnings release, which will be available via the Company's website at www.sotherlyhotels.com in the Investors section under Financial Information.

The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 888-339-0107 (United States), 855-669-9657 (Canada) or +1 412-902-4188 (International). To participate on the webcast, log on to www.sotherlyhotels.com at least 15 minutes before the call to download the necessary software. For those unable to listen to the call live, a taped rebroadcast will be available approximately one hour after completion of the live call through May 7, 2019. To access the rebroadcast, dial 877-344-7529 and enter conference number 10118957. A replay of the call will also be available on the Internet at www.sotherlyhotels.com through May 7, 2019.

About Sotherly Hotels Inc.

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. Currently, the Company's portfolio consists of investments in twelve hotel properties, comprising 3,156 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel. Most of the Company's properties operate under the Hilton Worldwide, Hyatt Hotels Corporation, InterContinental Hotels Group and Marriott International, Inc. brands. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.

Contact at the Company:

Scott Kucinski

Sotherly Hotels Inc.

410 West Francis Street

Williamsburg, Virginia 23185

(757) 229-5648

Holding SOHO & ANH long for the Div.

Will dip my toe back in if $SOHO meets my price point.
Not going to chase though.

Falling under $6 is what this stock does with every spike. Sorry about the original recommendation.

This poor stock has turned out to be one of the greatest disappointments. The current diluting instead of a buy-back, plus any interest rate whisper...and yes even more debt have just killed any hope for the "common" shareholder. Communication is beyond poor. At this point one could only hope for a takeover (which seems like what they want) or just go private, but to many outstanding notes. What a mess!!

Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.115 per common share of beneficial interest. The quarterly dividend will be paid on April 11, 2018 to shareholders of record as of March 15, 2018. The common dividend represents an annualized yield of approximately 7.4 percent based on the closing price of the Company’s common shares on January 26, 2018.

WILLIAMSBURG, Va., Jan. 30, 2018 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (SOHO) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.115 per common share of beneficial interest. The quarterly dividend will be paid on April 11, 2018 to shareholders of record as of March 15, 2018. The common dividend represents an annualized yield of approximately 7.4 percent based on the closing price of the Company’s common shares on January 26, 2018.

Looking for SOHO to fall under $6
Seems to be the gravity of the situation
The share buyback seems to have been a ruse or a failure

Well...we may try to scratch $7 now..

More bad news coming on 3Q. Spike early last week because of interest rate news...tanked by the end of the week because of reality. Probably blame weather...not spending and debt.

Yeah, probably a good move. Not a trade-able stock by any means. I'm sure now the hurricane will make them miss the number at year's end. Should be a rough quarter.

Sold SOHO for a small profit, Seeking Alpha even put out a warning about this and all of SOHO's Florida holdings.

List of the Southerly Hotels:

Atlanta Georgia
Houston Texas

South Florida Florida
Hollywood,Florida

Savannah Georgia
Wilmington North Carolina
Raleigh North Carolina

Miami Florida
Crowne Plaza Hollywood Beach Hotel
4000 S Ocean Dr
Hollywood, FL 33019


Jacksonville Florida
Tampa Florida

Louisville Kentucky
Washington, DC Washington D.C.
Philadelphia Pennsylvania

Houston according to the web site escaped major damage from the hurricaine but there are many Florida properties.

Don't forget the Houston property will now drag this down for the rest of the year!!

RW- I couldn't respond privately. Don't look for anything quick on this stock. In fact near term looks rough. Lots of debt and getting more. They seem to buy everything in sight. Decent dividend if you own enough. I wouldn't buy yet may dip more. No one seems to care about RevPar. Earnings miss most of the time. By the time things improve...the economy will probably tank and these tank with it. Sorry I'm a bit negative right now.

WILLIAMSBURG, Va., July 25, 2017 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (SOHO) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.11 per common share of beneficial interest. The quarterly dividend will be paid on October 11, 2017 to shareholders of record as of September 15, 2017. The common dividend represents an increase of 4.8 percent over the prior period and an annualized yield of approximately 6.7 percent based on the closing price of the Company’s common shares on July 21, 2017.

No matter how perfect this company looks..someone is always thinking up reasons on why we shouldn't buy it.

Missed EPS by .13 in Q1. They really need to start guiding lower.

This may fall to PennyLand..there's a major problem other than making nowhere near forecast EPS>

This company needs to update what it's doing or issue some sort of presser. The last news is a "strong sell" from Zacks ? So basically they are agreeing that they are a strong sell? I also notice they always talk about how "well managed" and what a great "undervalued" company they are...but it seems like they ALWAYS miss guidance, and always have an excuse or blame..ie.. hurricanes or some other unforeseen excuse. Guide lower for heaven sakes!!! Your stock does nothing but tank by midday 8/10 days and we hear of them trying to prop up the price, but to no avail.

WILLIAMSBURG, Va., Jan. 31, 2017 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (SOHO) (the “Company”) today announced that its Board of Directors has authorized, and the Company has declared, a quarterly cash dividend of $0.10 per common share of beneficial interest. The quarterly dividend will be paid on April 11, 2017 to shareholders of record as of March 15, 2017. The common dividend represents an increase of 5.3 percent over the prior period and an annualized yield of approximately 5.8 percent based on the closing price of the Company’s common shares on January 30, 2017.

I am aware.

SORL > https://www.zacks.com/stock/news/231732/3-reasons-value-stock-investors-will-love-sorl-auto-parts-sorl?cid=CS-MKTWTCH-HL-231732

Good luck with SORL. I'll just cash my divy checks and put my feet up. Take care.

I decided to go with SORL instead. A $250 dividend pales in comparison to the $950 that I'm up already with them.

I agree :). Get paid well to wait - while we have a small company that could be bought out or grow much quicker than their peers. I have a good size block that I'm happy to sit on for as long as it takes.

I cannot believe nobody's talking about this. We're talking about FREE MONEY here.

July 26, 2016 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (SOHO) (the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.095 per common share of beneficial interest. The quarterly dividend will be paid on October 11, 2016 to shareholders of record as of September 15, 2016.

Hmmmm moving but see no news.............

SOHO Beat estimates AGAIN... Amazing Fins!!!!!!!!

SOHO$$$$ goes up everyday...making money!

Best Chart I've ever seen... $$$ SOHO!!!!

As of 10/1/2013

BV is $2.79
MV is $4.70
As of 3/14/2014

Sotherly Hotels Inc. (SOHO)
$6.33 up 0.0501 (0.80%)
Volume: 4,555

*Stock is up 34% over last 6 months.

*I have no position with SOHO and no interest in starting one at this time.

As of 10/1/2013

BV is $2.79
MV is $4.70

Hotel REIT Plans to Expand in the South

6/17/2013 | By Carisa Chappell

Drew Sims, chairman and CEO of SoTHERLY Hotels (NASDAQ: SOHO), joined REIT.com for a CEO Spotlight video interview in Chicago at REITWeek 2013: NAREIT's Investor Forum.

SoTHERLY Hotels is a Virginia-based lodging REIT with a portfolio of full-service hotels primarily located in the South. The company, formerly known as MHI Hospitality, underwent a rebranding in April 2013 to more clearly define its mission.

“The reception from the investment community has been very positive. Our company traded for almost 55 years as MHI. My father founded the company back in 1957, so there’s a little nostalgia in changing the name,” Sims said.

After a complete restructuring of the company’s balance sheet and a redirection of its expansion efforts in its core Southern markets, Sims said that the name reflects what the REIT’s mission will be going forward.

He said that while the company has hotels in locations such as Tampa, Miami, Jacksonville, Savannah, Raleigh, Wilmington, NC, and Louisville, Atlanta is one of SoTHerly’s most important markets.

“Those markets are fed out of Atlanta so we feel like having a signature hotel in Atlanta is a must for us. That’s going to be our first stop,” Sims said. “After that it is markets like Houston, Charleston, Charlotte, and others to follow after that.”

When it comes to fundamentals and sustaining the momentum in the hotel sector, Sims said the lack of new supply will help to ensure continued growth.

“It bodes well for the future of our industry. We’re not seeing a lot of new product and as a result of increased demand we’re actually in a very good position for extended growth,” he said. “Our belief is that in the next two or three years we should see a continued growth in rates, and occupancy has already stabilized at a very healthy level.”

http://www.reit.com/Videos/Hotel-REIT-Plans-to-Expand-in-the-South.aspx

SoTHERLY Hotels Inc. Announces Closing of 8.0% Senior Unsecured Notes Offered by Its Operating Partnership; Exercise of Underwriters’ over-Allotment Option and Redemption of Preferred Stock

SoTHERLY Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced the closing, including the full exercise of the underwriters’ over-allotment option, on the 8.0% senior unsecured notes due 2018 (the “Notes”) offered by its operating partnership, Sotherly Hotels LP (the “Operating Partnership”). The aggregate principal amount of the Notes, including the over-allotment option, is $27.6 million. The total net proceeds were approximately $26.0 million after deducting underwriting discounts and commissions and estimated offering expenses. The Notes are expected to be listed on the NASDAQ Global Market under the symbol "SOHOL."

Sandler O'Neill + Partners, L.P. acted as the sole book-runner of the offering, and Boenning & Scattergood, Inc., Incapital LLC, J.J.B. Hilliard, W.L. Lyons, LLC, and Ladenburg Thalmann & Co. Inc. acted as co-managers.

The Company also announced that a portion of the proceeds were used to redeem 100% of the outstanding shares of the Company’s 12% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) for an aggregate redemption price of approximately $11.0 million, including the payment of related accrued but unpaid dividends and any make-whole amounts or premium.

Drew Sims, Chief Executive Officer of the Company, commented, “The successful completion of this combined transaction is a significant milestone for the Company as it concludes the balance sheet enhancement strategy we implemented in 2011. We are very pleased we have accomplished this without diluting our loyal shareholders.” Sims added, “By lowering our cost of capital, ridding ourselves of the restrictions of the Preferred Stock, and adding some dry-powder to the Company’s balance sheet, we are now ready to go back on offense and start growing our Company’s portfolio again.”

http://markets.financialcontent.com/stocks/news/read/25249180/SoTHERLY_Hotels_Inc._Announces_Closing_of_8.0_Senior_Unsecured_Notes_Offered_by_Its_Operating_Partnership

MHI Hospitality Changes Name to SoTHERLY Hotels

MHI Hospitality Corp. (formerly NASDAQ: MDH) has officially rebranded, announcing April 22 that it had changed its name to SoTHERLY Hotels Inc. (NASDAQ: SOHO).

The Virginia-based hotel REIT has held the MHI name since the 1950s. However, a name change has been in the works for several years, according to company executives, who said that the name MHI offered little value today in terms of accurately representing the company.

“It’s a bittersweet day. My dad founded the company in 1957, so I’ve spent a lifetime with MHI,” said Drew Sims, CEO of SoTHERLY Hotels. “We were looking for a name that more clearly defined what we’re going to be about and where we are going in the future. “Even though MHI has been around for 56 years, it doesn’t tell the story of what we’ve accomplished and what we’re trying to do.”

Since the company’s initial public offering in 2004, Sims said it has accumulated a portfolio of unique, upper upscale and upscale hotels assets primarily located in premier destination markets throughout the southern portion of the United States. Sims noted that the new name symbolizes the current and future footprint of its portfolio.

SoTHERLY Hotels Inc. has a long-term goal of building a larger portfolio throughout the South, according to Sims. He said the company plans to expand its footprint to select markets that fit its growth strategy, including Atlanta; Houston; Nashville, Tenn.; and Charleston, S.C.

“The type of markets we’re going to be looking for in the South is going to be representative of the major drivers of travel in the South. The location has also got to be in a central business district and in a nice walking location,” he said.

He added that as the population continues to migrate towards warmer climates, lower taxes and expanding business hubs, the long-term growth prospects in the South are appealing.

Sims said that the name change comes at a time when the company’s portfolio is performing strongly. The company’s revenue per available room (RevPAR) in 2012 increased to $78.65, up 7.8 percent from 2011 as a result of a 4.1 percent increase in occupancy and a 3.6 percent increase in the average daily rate.

In conjunction with the name change, the company also launched its new website, www. SOTHERLYHOTELS.com.

http://www.reit.com/Articles/MHI-Hospitality-Changes-Name-to-SoTHERLY-Hotels.aspx