Sotherly Hotels Announces Preferred Dividend Deferral and Suspension

Sotherly Hotels Inc. has announced the deferral of payment for its Series B, C, and D preferred stock dividends due November 20, 2025, and is also suspending future dividends. The company's record date for each series has been cancelled, and it has 10 hotels in its portfolio with 2,786 rooms. Sotherly Hotels Inc. is a lodging REIT focused on acquiring, renovating, and repositioning upscale hotels in the Southern United States.