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SOHO| Name | Value |
|---|---|
| Revenues | 40.7M |
| Cost of Revenue | 32.6M |
| Gross Profit | 8.1M |
| Operating Expense | 6.3M |
| Operating I/L | 1.8M |
| Other Income/Expense | -5.4M |
| Interest Income | 0.2M |
| Pretax | -3.6M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | -5.6M |
Sotherly Hotels Inc. is a lodging REIT specializing in acquiring, renovating, and repositioning upscale to upper-upscale full-service hotels in the Southern United States. With a portfolio of twelve hotel properties and interests in two condominium hotels, the company generates revenue through hotel operations under renowned brands like Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc., as well as independent hotels. Their business model focuses on enhancing the value of acquired properties through strategic investments and operational improvements, catering to the upscale hospitality market in the Southern region.
