Description

Sotherly Hotels Inc. functions as a self-managed real estate investment trust (REIT) specializing in the hospitality industry. Its core strategy involves acquiring, renovating, enhancing the brand status, and strategically repositioning full-service hotels that cater to the upscale and upper-upscale markets across the Southern United States. Currently, the company's holdings encompass investments in twelve hotel properties, offering a combined total of 3,156 guest rooms, in addition to stakes in two condominium hotels and their respective rental management programs. These establishments operate under renowned flags such as Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc., alongside various independent properties. Established in 2004, Sotherly Hotels Inc. maintains its corporate headquarters in Williamsburg, Virginia.