Sotherly Hotels ( (SOHO) ) has released its Q3 earnings. Here is a breakdown of the information Sotherly Hotels presented to its investors.
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Sotherly Hotels Inc., a self-managed and self-administered lodging real estate investment trust (REIT), focuses on upscale to upper-upscale full-service hotels primarily in the southern United States. The company’s latest earnings report for the quarter ending September 30, 2025, highlights a net operating income of $514,758, despite a decrease in total revenue to $38 million compared to the previous year. Sotherly Hotels reported a net loss of $5.5 million, attributed to increased interest expenses and a loss on early debt extinguishment. The company secured a $42 million mortgage loan for The DeSoto hotel, reflecting strategic financial maneuvers to manage its debt obligations. Looking ahead, Sotherly Hotels remains focused on refinancing efforts and operational adjustments to navigate financial challenges and enhance its portfolio’s performance.