SOHO Profile
Sotherly Hotels Inc. is a self-managed and self-administered real estate investment trust (REIT) specializing in the acquisition, renovation, and repositioning of upscale and upper-upscale full-service hotels across the Southern United States. The company's strategy focuses on enhancing the value of its hotel properties through comprehensive redevelopment and rebranding initiatives. By targeting key markets in the region, Sotherly Hotels aims to capitalize on opportunities to upgrade and reposition its assets to attract premium guests and maximize revenue.
As of the latest update, Sotherly Hotels Inc. manages a diverse portfolio consisting of twelve hotel properties, totaling 3,156 rooms. This portfolio includes a mix of well-known hotel brands such as Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc., as well as several independent hotels. In addition to its hotel holdings, the company also has stakes in two condominium hotels, complete with their respective rental programs. This diversification allows Sotherly Hotels to leverage multiple revenue streams and cater to a broad range of customer preferences.
The company's operational model encompasses not only the ownership and management of these properties but also strategic investments aimed at improving hotel performance and guest satisfaction. By engaging in active asset management and property enhancements, Sotherly Hotels seeks to drive operational efficiencies, boost occupancy rates, and elevate the overall guest experience. The company's portfolio reflects its commitment to maintaining high standards of quality and service across its diverse range of properties.
Founded in 2004 and headquartered in Williamsburg, Virginia, Sotherly Hotels Inc. operates with a focus on delivering strong financial performance and long-term value for its shareholders. The company's extensive experience in the lodging sector, combined with its strategic approach to property management and redevelopment, positions it well to navigate the evolving hospitality landscape and capitalize on growth opportunities in the Southern U.S. market.
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