---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-005556"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2023-03-01T23:59:59+00:00"
generated_at: "2026-06-18T17:12:33.916308+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels amends Whitehall hotel mortgage; $14.2M principal, maturity extended to 2028

## Summary
- Principal balance of approximately $14.2 million; maturity extended to February 26, 2028.
- Floating interest rate of New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%.
- Loan continues to be guaranteed by Sotherly Hotels LP, the operating partnership.
- Amended loan documents contain customary representations, warranties, covenants and events of default.

## SEC filing metadata
- accession: 0000950170-23-005556
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2023-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/soho-20230226.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-005556
- JSON: https://secwatch.observer/filing/0000950170-23-005556.json
- Plain text: https://secwatch.observer/filing/0000950170-23-005556.txt

## Key facts
- Debt Financings
  Sotherly Hotels Inc. amended mortgage of $14.2 million with International Bank of Commerce at New York Prime Rate plus 1.25%, subject to a floor rate of 7.50% maturing February 26, 2028.
  - Instrument: mortgage
  - Principal: $14.2 million
  - Counterparty: International Bank of Commerce
  - Rate: New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%
  - Maturity: February 26, 2028
  - Event: amendment
  source text: in Houston, TX with the existing lender, International Bank of Commerce. Pursuant to the amended loan documents, the Mortgage Loan: • has a principal balance of approximately $14.2 million; • has an extended maturity date of February 26, 2028; • maintains a floating interest rate of New York Prime Rate plus 1.25%, subject to a floor rate of 7.50%; • contains
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm
- Material Agreements
  Sotherly Hotels Inc. amended Mortgage Loan with International Bank of Commerce valued at approximately $14.2 million (effective 2023-02-26).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: International Bank of Commerce
  - Value: approximately $14.2 million
  - Effective: 2023-02-26
  source text: On February 26, 2023, affiliates of Sotherly Hotels Inc., the sole general partner of Sotherly Hotels LP (the “Operating Partnership”), entered into amended loan documents to modify the existing mortgage loan (as amended, the “Mortgage Loan”) on The Whitehall hotel located in Houston, TX with the existing lender, International Bank of Commerce.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000095017023005556/0000950170-23-005556-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.