Sotherly Hotels Inc. Announces Increase to Quarterly DividendPosted on April 27, 2015 in
FOR IMMEDIATE RELEASE
WILLIAMSBURG, Va., April 27, 2015 – Sotherly Hotels Inc. (Nasdaq: SOHO) (the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.075 per common share of beneficial interest. The quarterly dividend will be paid on July 10, 2015 to shareholders of record as of June 15, 2015.
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 and upper upscale full-service hotels in the Southern United States. Currently, the Company’s portfolio consists of investments in twelve hotel properties, eleven of which are wholly-owned and comprise 3,009 rooms. The Company also has a 25.0 percent interest in the Crowne Plaza Hollywood Beach Resort. Most of the Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
Sotherly Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185