Sotherly Hotels reports Q4 2022 preliminary RevPAR $101.52, up 19.8% YoY but down 1.9% vs 2019

Sotherly Hotels Inc.

2022-FY EPS reported $1.40 revenue$41,341,747

Q4 same-store occupancy 58.0% (+7.3% YoY, -13.4% vs 2019); ADR $176.93 (+11.8% YoY, +13.3% vs 2019).
October RevPAR $129.16 (+31.6% YoY, +2.6% vs 2019); driven by improved return-to-office and group business travel.
November impacted by hurricane Nicole and softening South Florida demand; December RevPAR $80.75 (+13.7% YoY, +1.3% vs 2019).
CEO cites continued recovery; room rates outperformed prior period across all business segments.
Preliminary data covers 10 wholly-owned properties; excludes Hyde Resort, Hyde Beach House, Sheraton Louisville, and DoubleTree Raleigh.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sotherly Hotels Inc. reported preliminary financial results for the fourth quarter ended December 31, 2022.

Period: the fourth quarter ended December 31, 2022
Result: preliminary results

Exact text from the filing

Sotherly Hotels Inc. (NASDAQ: SOHO) , (“Sotherly” or the “Company”), a self-managed and self-administered lodging real estate investment trust (a “REIT”), today reported preliminary operating results for the Company’s ten wholly-owned properties, (“same-store” portfolio metrics).

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Source: SEC EDGAR

accession 0000950170-23-000477

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