Sotherly’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

SoTHERLY Hotels is a real estate investment trust that acquires and develops hotels and resorts. Read more

Dave Folsom's photo - President & CEO of Sotherly

President & CEO

Dave Folsom

CEO Approval Rating

90/100

Founded:

1957

Status:

PublicNASDAQSOHO

TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

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Hersha is Sotherly's #1 competitor. Hersha was founded in Philadelphia, Pennsylvania} in 1984. Like Sotherly, Hersha also competes in the Real Estate Investment Trusts (REITs) industry. Compared to Sotherly, Hersha generates $306.5M more revenue.

Condor Hospitality is one of Sotherly's top competitors. Condor Hospitality was founded in 1994 in Bethesda, Maryland. Like Sotherly, Condor Hospitality also operates in the Real Estate Investment Trusts (REITs) industry. Condor Hospitality generates $133.9M less revenue than Sotherly.

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Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$180.9M

Sotherly's revenue is the ranked 3rd among it's top 10 competitors. The top 10 competitors average 296.2M. Over the last three quarters, Sotherly's revenue has decreased by 80.1%. Specifically, in Q2 2020's revenue was $5.3M; in Q1 2020, it was $37.2M; in Q1 2020, it was $26.6M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
The Georgian Terrace

Apr 2014

Source »
$61M
-

These are all the companies that Sotherly has acquired. Sotherly's latest acquisition was The Georgian Terrace in Apr 2014.

Sotherly Funding History

$60M$85M$120M$120.2M

Since Sotherly was founded in 1957, it has participated in 4 rounds of funding. In total Sotherly has raised $120.2M. Sotherly's last funding round was on Apr 2020 for a total of $150.0K

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Debt - PPP (CARES Act)
Apr 2020
$150K - $350K

U.S. Small Business Administration.

Debt
Nov 2016
$35M
-
Equity
Apr 2011
$25M
-
IPO
Dec 2004
$60M

Total Funding: $120.2M

Since Sotherly was founded in 1957, it has participated in 4 rounds of funding. In total Sotherly has raised $120.2M. Sotherly's last funding round was on Apr 2020 for a total of $150.0K

Investments

No recent investments found related to Sotherly

Sotherly News

May 28, 2020ForexTV

Sotherly Hotels Inc. Schedules First Quarter 2020 Earnings Release and Conference Call

WILLIAMSBURG, Va., May 28, 2020 (GLOBE NEWSWIRE) - Sotherly Hotels Inc. (NASDAQ: SOHO) (the "Company"... See more »
May 1, 2020MarketScreener

Sotherly Hotels Inc. Provides Additional Strategic Updates On Operations Related to COVID-19 Impact

(marketscreener.com) WILLIAMSBURG, Va., May 01, 2020 -- Sotherly Hotels Inc. today announced that it ... See more »
April 28, 2020Unique Finance

Sotherly Hotels Inc. Announces it is Deferring Second Quarter 2020 Preferred Dividends

Email Print Friendly Share WILLIAMSBURG, Va., April 27, 2020 (GLOBE NEWSWIRE) - Sotherly Hotels Inc. ... See more »
April 4, 2020THE MARKETS DAILY

$0.25 Earnings Per Share Expected for SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) This Quarter

Brokerages expect SOTHERLY HOTELS/SH SH (NASDAQ:SOHO) to report earnings per share of $0.25 for the c... See more »
March 21, 2020Unique Finance

SOTHERLY HOTELS INC. PROVIDES CLARIFICATION REGARDING ITS FIRST QUARTER PREFERRED STOCK DIVIDENDS

Email Print Friendly Share WILLIAMSBURG, Va., March 20, 2020 (GLOBE NEWSWIRE) - Sotherly Hotels Inc. ... See more »

Sotherly Press Releases

June 5, 2019GlobeNewswire

Sotherly Hotels Inc. Relaunches Tampa Hotel as Hotel Alba, Tapestry Collection by Hilton

WILLIAMSBURG, Va., June 05, 2019 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the "Compan... See more »
February 26, 2019GlobeNewswire

Sotherly Hotels Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2018

WILLIAMSBURG, Va., Feb. 26, 2019 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO), ("Sotherly"... See more »
February 1, 2019StreetInsider

Sotherly Hotels Inc. Announces Dividend Tax Treatment

WILLIAMSBURG, Va., Feb. 01, 2019 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Compan... See more »
May 8, 2018EconoTimes

Sotherly Hotels Inc. Reports Financial Results for the Quarter Ended March 31, 2018

Sotherly Hotels Inc. (NASDAQ:SOHO), (“Sotherly” or the “Company”), a self-managed and self-administer... See more »
February 27, 2018GlobeNewswire

Sotherly Hotels Inc. Reports Financial Results for the Year Ended December 31, 2017

WILLIAMSBURG, Va., Feb. 27, 2018 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) ("Sotherly" o... See more »
February 5, 2018ECONOTIMES

Sotherly Hotels LP Announces Launch of Public Offering of Senior Unsecured Notes

Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced that its operating partnership, So... See more »

Sotherly Videos

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Headquarters

306 South Henry Street Suite 100

Williamsburg, Virginia23185

757-229-5648

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Summary

ABOUT

Overview

SoTHERLY Hotels is a real estate investment trust that acquires and develops hotels and resorts. Sotherly was founded in 1957. Sotherly's headquarters is located in Williamsburg, Virginia, USA 23185. It has raised 120.2M in 4 rounds. The latest round ...

CEO

Sotherly's President & CEO, Dave Folsom, currently has an approval rating of 90%. Sotherly's primary competitors are Hersha, Condor Hospitality & LXP.

Website

sotherlyhotels.com

Frequently Asked Questions about Sotherly

  1. When was Sotherly founded?

    Sotherly was founded in 1957
  2. Who is Sotherly's CEO?

    Sotherly's CEO is Dave Folsom
  3. How much revenue does Sotherly generate?

    Sotherly generates $180.9M in revenue
  4. How much funding does Sotherly have?

    Sotherly has historically raised $120.2M in funding
  1. Where is Sotherly's headquarters?

    Sotherly's headquarters is in Williamsburg Virginia, USA
  2. How many employees does Sotherly have?

    Sotherly has 13 employees
  3. What sector does Sotherly operate in?

    Sotherly is in Real Estate Investment Trusts (REITs)
  4. Who are Sotherly's competitors?

    Sotherly's top competitors are Hersha, Condor Hospitality, LXP