Sotherly Hotels Inc. Enters Into Master Agreement
Sotherly Hotels Inc. (SOHO)
Last sotherly hotels inc. earnings: 2/27 06:30 am
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Source: GlobeNewswire
WILLIAMSBURG, Va., Sept. 09, 2019 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has entered into a master agreement with Newport Hospitality Group, Inc. (“NHG”) and Our Town Hospitality LLC (“Our Town”) for the management of ten of the Company’s hotels, effective January 1, 2020. Pursuant to the master agreement, Our Town, a newly formed wholly-owned subsidiary of NHG, will be headquartered in Williamsburg, Virginia and dedicated solely to the management of the Company’s hotels. Our Town will be governed by a board of directors which will include two directors selected by the Company. For additional details please reference the Company’s Form 8-K filed this morning with the Securities and Exchange Commission. Dave Folsom, President and Chief Operating Officer of the Company, commented, “With the management contracts for the majority of our portfolio expiring at year-end, we set out to identify a partner that could develop
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SOHO
News
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- What Makes Sotherly Hotels (SOHO) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SOHO
Earnings
- 11/12/24 - Miss
SOHO
Sec Filings
- 12/9/24 - Form SC
- 11/14/24 - Form NT
- 11/12/24 - Form SCHEDULE
- SOHO's page on the SEC website