WILLIAMSBURG, Va., Sept. 11, 2015 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by SoTHERLY Hotels Inc. (NASDAQ:SOHO), please note that in the first paragraph of the release, the gross sales price should be $2.2 million, not $2.4 million as previously stated. The corrected release follows:
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 $2.2 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: Contact at the Company: Scott Kucinski Vice President – Operations and Investor Relations SoTHERLY Hotels Inc. 410 West Francis Street Williamsburg, Virginia 23185 (757) 229-5648