SOHO - Sotherly Hotels September operating metrics improve M/M Y/Y

• Sotherly Hotels' ( NASDAQ: SOHO ) same-store portfolio metrics for September saw improvements across the board both M/M and Y/Y, it said Monday.
• The lodging REIT's occupancy rate for its 10 wholly-owned properties came in at 62.2%, up from 58.3% in August and +17.6% from the year-ago period.
• Average daily rate rose to $172.24 from $158.05 in August and +9.4% from September 2021.
• Revenue per room stood at $105.83, rising from $91.04 in the prior month and +23.6% a year before.
• "Fueled by an improved returned-to-office rate and an expanded conference schedule, group and transient business travel activity demonstrated an encouraging recovery in September," said Dave Folsom, the company’s president and CEO.
• Previously, (Aug. 11) Sotherly Hotels reported Q2 results .

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