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. For more information, please visit www.sotherlyhotels.com.
Company profile
Website
CEO
David R. Folsom
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MHI HOSPITALITY LP
SEC CIK
Corporate docs
Subsidiaries
Sotherly Hotels LP • MHI Hospitality TRS, LLC • MHI Hospitality TRS Holding, Inc. • MHI Louisville TRS, LLC • MHI Raleigh TRS, LLC • SOHO Atlanta TRS, LLC • SOHO Jacksonville TRS LLC • Hollywood Hotel TRS LLC • SOHO Ocean Resort TRS LLC • SOHO Ocean Resort Services TRS LLC ...
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
27 Mar 24
10-K
2023 FY
Annual report
22 Mar 24
8-K
Sotherly Hotels Inc. Reports Financial Results
6 Mar 24
8-K
Other Events
4 Mar 24
8-K
Sotherly Hotels Inc. Announces Refinancing of Tampa Hotel
13 Feb 24
8-K
Other Events
29 Jan 24
8-K
Other Events
29 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Sotherly Hotels Inc. Reports Financial Results
9 Nov 23
8-K
Other Events
1 Nov 23
Latest ownership filings
No filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 29.40 mm | 29.40 mm | 29.40 mm | 29.40 mm | 29.40 mm | 29.40 mm |
Cash burn (monthly) | 928.28 k | 51.11 k | 806.74 k | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.17 mm | 339.54 k | 5.36 mm | n/a | n/a | n/a |
Cash remaining | 23.24 mm | 29.07 mm | 24.04 mm | n/a | n/a | n/a |
Runway (months of cash) | 25.0 | 568.7 | 29.8 | n/a | n/a | n/a |
Institutional ownership, Q2 2023
27.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 29 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 10 |
Reduced positions | 8 |
13F shares | Current |
---|---|
Total value | 8.98 bn |
Total shares | 5.05 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Thompson Davis & Co. | 1.43 mm | $2.71 bn |
Gator Capital Management | 954.80 k | $1.80 bn |
Vanguard | 639.18 k | $1.21 bn |
Bard Associates | 507.11 k | $958.44 mm |
SPC Financial | 405.50 k | $766.40 mm |
LSV Asset Management | 143.40 k | $271.00 k |
Geode Capital Management | 124.78 k | $235.84 mm |
Renaissance Technologies | 120.88 k | $228.00 k |
LPL Financial | 118.50 k | $223.97 mm |
Dimensional Fund Advisors | 106.55 k | $201.38 mm |