WILLIAMSBURG, Va., Sept. 11, 2015 (GLOBE NEWSWIRE) -- SoTHERLY Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced that the Company has sold a 0.3 acre parcel of excess land in Atlanta for a gross sales price of $2.4 million. The land parcel was purchased by the Company in March 2014 as part of the Georgian Terrace acquisition.
About SoTHERLY Hotels Inc.
SoTHERLY Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale and upper upscale full-service hotels in the Southern United States. Currently, the Company’s portfolio consists of investments in twelve hotel properties and comprise 3,010 rooms. Most of the Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
Contact at the Company:
Vice President – Operations and Investor Relations
SoTHERLY Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185
Source:Sotherly Hotels Inc.