Press Release

Sotherly Hotels Inc. Announces it is Deferring Second Quarter 2020 Preferred Dividends

Company Release - 4/27/2020 6:30 PM ET

WILLIAMSBURG, Va., April 27, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that, as approved by its board of directors, the Company is deferring payment of the dividends for its Series B Cumulative Redeemable Perpetual Preferred Stock, Series C Cumulative Redeemable Perpetual Preferred Stock, and Series D Cumulative Redeemable Perpetual Preferred Stock for the quarterly distribution period ended June 30, 2020.

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, as well as interests in two condominium hotels and their associated rental programs. The Company owns hotels that operate under the Hilton Worldwide, Marriott International, Inc., 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.

Contact at the Company:        

Mack Sims      
Sotherly Hotels Inc.
306 South Henry Street, Suite 100
Williamsburg, Virginia 23185 
(757) 229-5648

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Source: Sotherly Hotels Inc.