Sotherly Hotels Inc. Completes DoubleTree by Hilton (R) Conversion of Jacksonville HotelPosted on September 10, 2015 in
FOR IMMEDIATE RELEASE
WILLIAMSBURG, Va., Sept. 10, 2015 — SoTHERLY Hotels Inc. (NASDAQ:SOHO) (the “Company”) announced today that it has completed the conversion of the DoubleTree by Hilton Jacksonville Riverfront. The hotel underwent an extensive $5.0 million renovation as part of the rebranding.
The 292-room hotel sits on the south bank of the St. Johns River, amidst downtown Jacksonville’s San Marco Historic District. The property features 12,000 square feet of meeting space, a Ruth’s Chris Steakhouse, and outdoor pool overlooking the city’s Riverwalk.
Drew Sims, Chief Executive Officer of the Company, commented, “We are very pleased to complete the renovation and upbranding of our Jacksonville hotel. We are confident the DoubleTree by Hilton flag will create value for our guests and shareholders alike.”
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 and comprise 3,010 rooms. 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