Sotherly Hotels LP 8-K Filing

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value SOHO The Nasdaq Stock Mar
• $3.8 million — e of the Mortgage Loan by approximately $3.8 million; the Company will continue to pay Len
• $236,000 — ll continue to pay Lender approximately $236,000 per month in principal and interest, an

Filing Documents

• soho-20251216.htm (8-K) — 84KB
• soho-ex10_1.htm (EX-10.1) — 352KB
• 0001193125-25-322825.txt ( ) — 668KB
• soho-20251216.xsd (EX-101.SCH) — 63KB
• soho-20251216_htm.xml (XML) — 12KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On May 5, 2015, certain subsidiaries of Sotherly Hotels Inc. (the "Company"), the sole general partner of Sotherly Hotels LP, entered into a promissory note, loan agreement, and other loan documents to secure a mortgage (the "Mortgage Loan") on its Georgian Terrace hotel with Bank of America, N.A. On June 26, 2025, the Company received a Notice of Default (the "Notice") from the special servicer for the Mortgage Loan. The Notice states that the Company's subsidiary, SOHO Atlanta LLC, is in default under the note and the loan documents by virtue of, among other things, its failure to pay all amounts when due thereunder, and that the current lender, Wilmington Trust, National Association, as Trustee (the "Lender"), will take all such actions as it deems appropriate to protect its interest in the Mortgage Loan and to collect the debt thereunder, including, without limitation, seeking foreclosure and/or reconveyance of its security under the loan documents without further notice or demand except as required pursuant to state law and the loan documents. On December 16, 2025, affiliates of the Company entered into a Forbearance Agreement (the "Forbearance Agreement") with Wilmington Trust, National Association, as Trustee, with regard to the Mortgage Loan. Pursuant to the Forbearance Agreement: the Lender agrees not seek a judgment against the Company, nor to foreclose on the property prior to June 1, 2026; the Company will pay down the principal balance of the Mortgage Loan by approximately $3.8 million; the Company will continue to pay Lender approximately $236,000 per month in principal and interest, and will continue funding reserve accounts in accordance with the terms of the Mortgage Loan; default interest will continue to accrue and will be payable upon a Termination Event (as defined in the Forbearance Agreement); and the property will remain in cash management. The foregoing description of th

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1 Forbearance Agreement, dated December 16, 2025, by and among: Wilmington Trust, National Association, as Trustee for Morgan Stanley Bank of America Merrill Lynch Trust 2015-C23, Commercial Mortgage Pass-Through Certificates, Series 2015-C23; SOHO Atlanta LLC; SOHO Atlanta TRS LLC; and, by Joinder, Sotherly Hotels LP and Our Town Hospitality, LLC. * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company agrees to furnish supplementally a copy of such schedules and exhibits, or any section thereof, to the SEC upon its request.

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: December 17, 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

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