Sotherly Hotels (SOHO) SC 13G Sotherly Hotels / Palogic Value Management ownership change

EXHIBIT 99.1

JOINT FILING AGREEMENT

July 1, 2021

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date first written above.

Date: July 1, 2021	PALOGIC VALUE MANAGEMENT, L.P.
	By:	Palogic Capital Management, LLC
	Its:	General Partner
	By:	/s/ Ryan L. Vardeman
	Name:	Ryan L. Vardeman
	Title:	Sole Member
	PALOGIC VALUE FUND, L.P.
	By:	Palogic Value Management, L.P.
	Its:	General Partner
	By:	Palogic Capital Management, LLC
	Its:	General Partner
	By:	/s/ Ryan L. Vardeman
	Name:	Ryan L. Vardeman
	Title:	Sole Member
	PALOGIC CAPITAL MANAGEMENT, LLC
	By:	/s/ Ryan L. Vardeman
	Name:	Ryan L. Vardeman
	Title:	Sole Member
	RYAN L. VARDEMAN
	/s/ Ryan L. Vardeman