Name | Value |
---|---|
Revenues | 39.2M |
Cost of Revenue | 29.4M |
Gross Profit | 9.8M |
Operating Expense | 6.5M |
Operating I/L | 4.8M |
Other Income/Expense | -2.8M |
Interest Income | 0.0M |
Pretax | 2.0M |
Income Tax Expense | 0.0M |
Net Income/Loss | 2.0M |
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. The company's portfolio includes investments in twelve hotel properties with 3,156 rooms, as well as interests in two condominium hotels and their associated rental programs. Sotherly Hotels Inc. generates revenue through the ownership and operation of hotels under well-known brands such as Hilton Worldwide, Hyatt Hotels Corporation, and Marriott International, Inc., as well as independent hotels.