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Summary U.S. equity markets slumped this week after the Federal Reserve approved another "jumbo" rate hike while lukewarm employment data pushed back the timeline for a potential "pivot" towards less-aggressive tightening. Retreating following its best week since November 2020, th...
WILLIAMSBURG, Va., Oct. 12, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the third quarter 2022 prior to the market opening on Thursday, November 10, 2022. A conference call fo...
Summary U.S. equity markets snapped a three-week skid in another choppy week after employment data showed signs of softening in labor markets - but not enough to alter the Fed's aggressive tightening path. Bouncing off its lowest levels in over two years, the S&P 500 advanced ...
Summary Hotel REITs have held up surprisingly well throughout the recent market turmoil and remain one of the top-performing property sectors this year following a solid summer of operating performance. Several years of pent-up leisure demand from COVID delays helped to offset a s...
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% fr...
WILLIAMSBURG, Va., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) , (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported preliminary operating ...
Summary COVID hit Hotel REITs extra hard, but this year has seen a great deal of leisure travel within the U.S. As a result, Hotel REITs are the fourth-best performing REIT sector of 2022 thus far. The forecast for earnings growth is outstanding, all across the Hotel REIT sect...
4 Ashford Hospitality preferred stocks have massively lagged the recent huge rally in hotel REIT preferred stocks and offer a potential 30% total return from now till year’s end. In fact, these preferred stocks have actually fallen steeply in price while other hotel REIT prefer...
Gainers: AMTD IDEA Group ( AMTD ) +29% . Nu Holdings ( NU ) +18% . Sotherly Hotels ( SOHO ) +11% . Senmiao Technology ( AIHS ) +10% . Puhui Wealth Investment Management ( PHCF ) +10% . Losers: Hallmark Financial Services ( HALL ) -...
Sotherly Hotels, Inc. (SOHO) Q2 2022 Earnings Conference Call August 11, 2022 10:00 ET Company Participants Andrew Sims - Vice President of Operations & Investor Relations David Folsom - President & Chief Executive Officer Anthony Domalski - Vice Presiden...
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WILLIAMSBURG, Va., July 17, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the second quarter 2024 prior to the market opening on Tuesday, August 13, 2024. A conference call for investors ...
WILLIAMSBURG, Va., July 09, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that the Company has executed a secured loan with Fifth Third Bank, collateralized by the DoubleTree by Hilton Jacksonville Riverfront hotel (the “...
WILLIAMSBURG, Va., May 29, 2024 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has received a notice (“Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) as ...