Sotherly Hotels Inc. (MCL)

Overview

Sotherly Hotels Inc. is a distinctive entity in the hospitality sector, functioning as a self-managed and self-administered lodging Real Estate Investment Trust (REIT). The company's strategic focus lies in the acquisition, renovation, upbranding, and repositioning of upscale to upper-upscale full-service hotels predominantly situated in the Southern United States. However, it does not strictly limit its opportunities to this region alone, as it remains open to opportunistically acquiring hotels across the entire United States. Established in 2004 and with its headquarters in Williamsburg, Virginia, Sotherly Hotels Inc. boasts a portfolio that includes investments in ten hotel properties, amounting to 2,786 rooms. Additionally, the company holds interests in two condominium hotels and their associated rental programs, demonstrating a diversified investment approach in the hospitality sector.

Products and Services

• Full-Service Hotels:

At the core of Sotherly Hotels Inc.'s portfolio are its full-service hotels. These properties are strategically upgraded and repositioned to cater to the upscale to upper-upscale segments of the market. By focusing on the Southern United States, the company taps into a specific regional demand but also considers properties across the nation for potential investment opportunities. These full-service hotels offer a comprehensive range of amenities and services, designed to provide guests with an exceptional hospitality experience.

• Hotel Brand Partnerships:

Sotherly Hotels Inc. has cultivated partnerships with renowned hotel brands, including Hilton Worldwide and Hyatt Hotels Corporation. This approach allows the company to leverage the brand strength and distribution networks of these established hotel chains, thereby enhancing the visibility and appeal of its properties. These partnerships are instrumental in attracting both business and leisure travelers to Sotherly's hotels.

• Independent Hotels:

Alongside its branded properties, Sotherly Hotels Inc. owns and operates independent hotels. These properties offer unique, localized experiences that cater to guests seeking a more personalized and distinctive stay. Independent hotels under Sotherly's ownership distinguish themselves by their individual character and their ability to provide an immersive cultural experience reflective of their respective locales.

• Condominium Hotels:

Sotherly Hotels Inc. extends its portfolio to include interests in two condominium hotels and their associated rental programs. This facet of its business allows the company to cater to a different segment of the market, offering accommodations that combine the comfort and convenience of a condominium with the amenities and services of a hotel. This hybrid accommodation model appeals to travelers looking for extended stays or more spacious, home-like lodging options.