Sotherly Hotels Faces Notice of Default on $38 Million Loan
ByAinvest
Friday, Jul 4, 2025 4:12 pm ET1min read
SOHO--
Sotherly Hotels has received a Notice of Default on a $38 million loan secured by its Georgian Terrace hotel in Atlanta. The company is negotiating an extension and intends to continue making payments. Analysts rate the stock a Hold with a $1.00 price target. The hotel's high debt levels, negative valuation metrics, and potential macroeconomic challenges present significant risks.
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