Sotherly Hotels Inc. Enters/Terminates Agreements
Ticker: SOHOB · Form: 8-K · Filed: Sep 11, 2025 · CIK: 1313536
| Field | Detail |
|---|---|
| Company | Sotherly Hotels LP (SOHOB) |
| Form Type | 8-K |
| Filed Date | Sep 11, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $17.75 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, agreement-termination
TL;DR
Sotherly Hotels inked and axed a deal on 9/5/25. Details TBD.
AI Summary
On September 5, 2025, Sotherly Hotels Inc. and Sotherly Hotels LP entered into a material definitive agreement and terminated a material definitive agreement. Specific details regarding the nature of these agreements and their financial implications were not disclosed in this filing.
Why It Matters
This filing indicates significant changes in contractual relationships for Sotherly Hotels, which could impact its operations, financial structure, or strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements were entered into and terminated, suggesting significant corporate actions with potential financial or operational impacts that are not yet fully disclosed.
Key Players & Entities
- Sotherly Hotels Inc. (company) — Filer
- Sotherly Hotels LP (company) — Filer
- September 5, 2025 (date) — Date of agreement entry and termination
FAQ
What was the nature of the material definitive agreement entered into by Sotherly Hotels Inc. and Sotherly Hotels LP?
The filing does not specify the nature of the material definitive agreement entered into.
What was the reason for the termination of the material definitive agreement?
The filing does not provide details regarding the reason for the termination of the material definitive agreement.
Were there any financial implications associated with the new agreement or the termination?
The filing does not disclose specific financial amounts or implications related to these agreements.
What is the effective date of these actions?
The actions, including entering into and terminating a material definitive agreement, are dated as of September 5, 2025.
Does this filing relate to any specific properties or business segments of Sotherly Hotels?
The filing does not provide specific details about which properties or business segments are affected by these agreements.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2025-09-11 16:00:28
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value SOHO The Nasdaq Stock Mar
- $17.75 million — the "Parties") for a purchase price of $17.75 million. The closing of the transactions cont
Filing Documents
- soho-20250905.htm (8-K) — 73KB
- 0001193125-25-201295.txt ( ) — 252KB
- soho-20250905.xsd (EX-101.SCH) — 63KB
- soho-20250905_htm.xml (XML) — 12KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed in a Current Report on Form 8-K filed on July 30, 2025, SOHO Atlanta, LLC (the "Seller"), a Delaware limited liability company and an affiliate of Sotherly Hotels Inc., a Maryland corporation (the "Company") and the sole general partner of Sotherly Hotels LP, a Delaware limited partnership, entered into a sale, purchase and escrow agreement (the "Agreement") on July 24, 2025 to sell a portion of its real estate containing the parking garage (the "Parking Garage"), associated with the Georgian Terrace hotel, located in Atlanta, Georgia, to Banyan Street Capital LLC, a Delaware limited liability company (the "Buyer" and, together with the Seller, the "Parties") for a purchase price of $17.75 million. The closing of the transactions contemplated by the Agreement was subject to various contingencies, including Buyer's 45-day investigation period, during which period Buyer was entitled to terminate the Agreement for any reason (the "Investigation Period"). On September 5, 2025, Buyer sent a notice that it was terminating the Agreement pursuant to such termination right (the "Termination Notice"). On September 9, 2025, the Parties executed an amendment to the Agreement which rescinds the Termination Notice and extends the Investigation Period until September 30, 2025, or such later date upon which the Parties may mutually agree.
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement. The disclosures set forth in Item 1.01 of this Current Report on Form 8-K are incorporated into this Item 1.02 by reference.
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: September 11, 2025 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