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Press Release

Sotherly Hotels Inc. Completes DoubleTree by Hilton(R) Conversion of Hollywood, Florida Hotel

Company Release - 10/26/2017 10:52 AM ET

WILLIAMSBURG, Va., Oct. 26, 2017 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) announced today that it has completed the conversion of the DoubleTree Resort by Hilton Hollywood Beach. The hotel underwent an extensive $7.0 million renovation as part of the rebranding.

Ideally located on a barrier island on the Intracoastal Waterway and adjacent to the Atlantic oceanfront, the hotel boasts 311 oversized guest rooms with waterfront balcony views, 10,000 square feet of meeting space, a resort-style infinity pool with poolside tiki bar, and three food & and beverage outlets. The hotel’s central location puts the famous dining, shopping, and entertainment scenes of Fort Lauderdale, Miami, and South Beach all within reach.

Drew Sims, Chief Executive Officer of the Company, commented, “We are pleased to complete the renovation and repositioning of one of the Company’s most significant properties. With the impactful renovation behind us, we believe this hotel is poised for improved performance, ultimately delivering increased value for our shareholders.”

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 eleven hotel properties, comprising 2,838 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel. Most of the Company’s properties operate under the Hilton Worldwide, 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

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Source: Sotherly Hotels Inc.