SOTHERLY HOTELS INC. PROVIDES UPDATE ON OPERATIONS RELATED TO COVID-19; ANNOUNCES SUSPENSION OF COMMON STOCK AND PREFERRED DIVIDENDS
Sotherly Hotels Inc. (SOHO)
Last sotherly hotels inc. earnings: 2/27 06:30 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
WILLIAMSBURG, Va., March 17, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has implemented rigorous cost-savings measures to minimize the impact of revenue declines resulting from cancellations, corporate travel restrictions, and government mandated closures related to concerns surrounding COVID-19. The Company is taking the following actions at the property and corporate level: The Company is working with its management partners to implement aggressive cost control measures at the property-level in order to minimize impact to profitability. Included in this policy, the Company is deferring all non-vital capital expenditures at its properties.Corporate G&A has been significantly decreased, including immediate reductions in compensation and benefits for all corporate staff. As part of this change, the Company’s board of directors has agreed to waive all director’s fees for the quarter.As approved by its board of directors, the C
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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