Sotherly Hotels Inc. and Sotherly Hotels LP are real estate investment trusts and hotel operators owning and managing a portfolio of hotels mainly in the US, generating revenue through management fees and operations.

# Company Overview - Sotherly Hotels Inc. and Sotherly Hotels LP

## Business Description
- **Type of Company:** Real estate investment trust (REIT) and hotel operating company.
- **Primary Focus:** Owned and operated a portfolio of hotels, primarily in the United States, through management agreements and direct ownership.
- **Management:** The company manages hotels primarily through a management agreement with Our Town Hospitality LLC, which operates and manages multiple hotel properties under the Sotherly Hotels brand.

## Revenue and Financials
- **Revenue:** Not explicitly provided in the document.
- **Income:** Not explicitly provided in the document.
- **Market Capitalization:** As of June 30, 2024, approximately $22.8 million in market value of common stock held by non-affiliates.

## Operational Details
- **Number of Hotels Managed or Owned:** At least ten wholly-owned hotels (e.g., Hotel Ballast Wilmington, The DeSoto, DoubleTree by Hilton Philadelphia Airport, Hotel Alba Tampa, DoubleTree by Hilton Jacksonville Riverfront, and others), with management services also provided for rental programs including Lyfe Resort & Residences and Hyde Beach House Resort & Residences.
- **Number of Customers:** Not specified in the document.
- **Employees:** The document references a total workforce managed through Our Town Hospitality and the company’s own employees but does not specify exact employee counts.
  
## Shareholders and Ownership
- **Outstanding Shares:** As of April 25, 2025, approximately 20,126,415 shares of common stock outstanding.
- **Major Shareholders:** 
  - Rollins Capital Partners, LP, and related entities hold over 9.5% of the common stock.
  - Other significant beneficial owners include individuals such as Andrew M. Sims, who beneficially owns approximately 8.5% of the common stock.

## Summary of Business Operations
- The company primarily owns and manages hotel properties across the US.
- It generates revenue through management fees, property operations, and leasing arrangements.
- Management of employee benefits and multiple related-party transactions, including management agreements with Our Town Hospitality LLC.
- The company has a portfolio of preferred stock and common stock, with independent directors overseeing governance.

*Note:* Specific figures for total revenue, net income, and number of customers are not provided in the given excerpt.

Sotherly Hotels Inc. is a self-managed lodging Real Estate Investment Trust (REIT) that focuses on full-service, primarily upscale and upper-upscale hotel properties in the southern United States.

# Sotherly Hotels Inc. - Company Overview

## Business Organization
- **Type**: Self-managed and self-administered lodging Real Estate Investment Trust (REIT)
- **Formation Date**: August 2004
- **Initial Public Offering**: Completed on December 21, 2004
- **Structure**: Conducts business through Sotherly Hotels LP (Operating Partnership), where Sotherly Hotels Inc. is the general partner.
- **Ownership**: As of the filing date, owns approximately 98.2% of the general and limited partnership units in the Operating Partnership.

## Portfolio
- **Total Number of Hotels**: 10 wholly-owned properties
- **States of Operation**: Florida, Georgia, Maryland, Virginia, North Carolina, Pennsylvania, and Texas
- **Total Rooms**: 2,786 hotel rooms
- **Additional Interests**: Two condominium hotels (Hyde Resort & Residences & Hyde Beach House Resort & Residences)

## Business Focus
- **Target Properties**: Full-service, primarily upscale and upper-upscale hotel properties.
- **Management**: Day-to-day operations are managed by Our Town Hospitality, LLC.
  
## Revenue and Financials (As of December 31, 2023)
- **Revenue**: Specific revenue figures not provided, but revenue is largely generated through hotel room rentals and associated services.
- **Operating Partnerships**: Revenue is split between base rent and percentage rent from gross revenues of leased hotels.

## Employee Structure
- **Corporate Office Employees**: 9 full-time employees at the corporate office in Williamsburg, Virginia.
- **Hotel Personnel**: All operational employees are staff of the independent management company, Our Town.

## Strategy
- **Growth Through Acquisition**: Focus on acquiring properties in primary markets of the southern United States and opportunistically in other regions.
- **Investment Criteria**:
  - Geographic focus on southern markets with population growth and economic expansion.
  - Focus on full-service hotel categories, particularly upscale and upper-upscale.
  - Preference for properties with significant barriers to entry and proximity to demand generators (airports, convention centers, etc.)
  
## Focus on Underperforming Hotels
- The company often targets underperforming hotels needing management, capital investment, or repositioning to enhance revenues and value. 
- Strategies include branding opportunities, shallow-turn opportunities, and deep-turn opportunities.

## Distribution Requirements
- As a REIT, the company must distribute at least 90% of its taxable income to maintain its REIT status, affecting financial flexibility regarding dividends and capital allocation. 

## Risk Factors
- The company faces various risks associated with limited property numbers, operational costs, the economy, interest rate exposure, and market competition, all of which can adversely impact revenue and distributions to stakeholders.

### Note:
- **Financial figures** such as revenue and income specifics have not been disclosed in the original text. Additional financial metrics would require reference to quarterly or annual financial statements.

SOTHERLY HOTELS LP

10-K / April 30, 2025

10-K / March 22, 2024

10-K / April 30, 2025

Company Overview - Sotherly Hotels Inc. and Sotherly Hotels LP

Business Description

Revenue and Financials

Operational Details

Shareholders and Ownership

Summary of Business Operations