Sotherly Hotels Files 8-K for Registration Statement Update
Ticker: SOHOB · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1313536
| Field | Detail |
|---|---|
| Company | Sotherly Hotels LP (SOHOB) |
| Form Type | 8-K |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: compliance, preferred-stock, administrative
TL;DR
**Sotherly Hotels filed a routine 8-K for registration updates on its preferred and common stock.**
AI Summary
Sotherly Hotels Inc. and Sotherly Hotels LP filed an 8-K on January 29, 2024, to update their registration statements. This filing specifically mentions their 7.875% Series C, 8% Series B, and 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock, as well as common stock. This matters to investors because it indicates ongoing compliance and administrative updates related to their various classes of stock, which can impact dividend payments and shareholder rights, though no new material events are disclosed.
Why It Matters
This filing is a routine administrative update, confirming Sotherly Hotels' compliance with SEC regulations regarding its various stock classes. It doesn't signal new financial performance but ensures transparency on existing securities.
Risk Assessment
Risk Level: low — This 8-K is a standard administrative filing and does not disclose any new material risks or events.
Analyst Insight
A smart investor would note this as a routine compliance filing, indicating no immediate material changes to Sotherly Hotels' financial health or operations. No specific action is warranted based solely on this administrative update.
Key Numbers
- 001-32379 — SEC File Number for Sotherly Hotels Inc. (Identifies the specific SEC registration for Sotherly Hotels Inc.)
- 001-36091 — SEC File Number for Sotherly Hotels LP (Identifies the specific SEC registration for Sotherly Hotels LP)
Key Players & Entities
- Sotherly Hotels Inc. (company) — Registrant, incorporated in Maryland
- Sotherly Hotels LP (company) — Registrant, incorporated in Delaware
- January 29, 2024 (date) — Date of earliest event reported and filing date
- 7.875% (dollar_amount) — Dividend rate for Series C Cumulative Redeemable Perpetual Preferred Stock
- 8% (dollar_amount) — Dividend rate for Series B Cumulative Redeemable Perpetual Preferred Stock
- 8.25% (dollar_amount) — Dividend rate for Series D Cumulative Redeemable Perpetual Preferred Stock
FAQ
What is the purpose of this 8-K filing by Sotherly Hotels Inc. and Sotherly Hotels LP?
The purpose of this 8-K filing, dated January 29, 2024, is to report 'Other Events' related to their registration statements, specifically mentioning their various classes of preferred and common stock.
Which specific types of preferred stock are mentioned in this filing?
The filing specifically mentions Sotherly Hotels Inc.'s 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock, 8% Series B Cumulative Redeemable Perpetual Preferred Stock, and 8.25% Series D Cumulative Redeemable Perpetual Preferred Stock.
What is the state of incorporation for Sotherly Hotels Inc. and Sotherly Hotels LP?
Sotherly Hotels Inc. is incorporated in Maryland, and Sotherly Hotels LP is incorporated in Delaware, as stated in the filing.
What is the earliest event reported date for this 8-K filing?
The date of the earliest event reported in this 8-K filing is January 29, 2024.
Does this 8-K filing indicate any new financial transactions or changes in company operations?
No, this 8-K filing, categorized under 'Other Events,' appears to be a routine administrative update regarding existing securities and does not indicate any new financial transactions or changes in company operations.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-01-29 16:16:06
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value SOHO The NASDAQ Stock Mar
Filing Documents
- soho-20240129.htm (8-K) — 61KB
- 0000950170-24-008328.txt ( ) — 247KB
- soho-20240129.xsd (EX-101.SCH) — 64KB
- soho-20240129_htm.xml (XML) — 12KB
01 Other Events
Item 8.01 Other Events. On January 29, 2024, an affiliate of Sotherly Hotels Inc. (the "Company"), the sole general partner of Sotherly Hotels LP (the "Operating Partnership"), entered into a loan amendment (the "Loan Amendment") to extend the maturity date on the existing mortgage on the DoubleTree by Hilton Philadelphia Airport hotel with the existing lender, TD Bank, N.A. (the "Lender"). Pursuant to the Loan Amendment, the maturity date was extended to February 29, 2024. The Loan continues to be guaranteed by the Operating Partnership.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. Date: January 29, 2024 SOTHERLY HOTELS INC. By: /s/ Anthony E. Domalski Anthony E. Domalski Chief Financial Officer SOTHERLY HOTELS LP by its General Partner, SOTHERLY HOTELS INC. By: /s/ Anthony E. Domalski Anthony E. Domalski Chief Financial Officer