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home / news releases / SOHON - Will Sotherly Hotels Survive Armageddon

SOHON - Will Sotherly Hotels Survive Armageddon

Sotherly Hotels Inc. 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock
  • Rapidly deteriorating financials has forced Sotherly Hotels to cancel the dividend payments on both its common and preferred shares.
  • Rental revenue has declined by nearly 90% year-over-year, and both net income and cash from operations have gone negative.
  • The company's future is in doubt with its abnormally high level of debt.

For further details see:

Will Sotherly Hotels Survive Armageddon
Stock Information
Company Name: Sotherly Hotels Inc. 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock
Stock Symbol: SOHON
Market: NASDAQ
Website: sotherlyhotels.com
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