Sotherly Hotels Inc. Announces Launch of Offering of Series C Cumulative Redeemable Perpetual Preferred Stock

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WILLIAMSBURG, Va., Oct. 02, 2017 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced that, subject to market and other conditions, it has commenced an underwritten public offering of shares of its Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”). The Company expects to grant to the underwriters a 30-day option to purchase up to an additional 15% of the shares of Series C Preferred Stock being offered to cover over-allotments, if any, at the public offering price per share of the Series C Preferred Stock. The Company has filed an application to list the Series C Preferred Stock on the NASDAQ under the symbol “SOHOO.”

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Contact at the Company:
Scott Kucinski
Sotherly Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185
(757) 229-5648