Sotherly Hotels reports preliminary Q2 2023 same-store RevPAR up 5.0% YoY to $131.16

Sotherly Hotels Inc.

2023-Q2 EPS reported $0.13 revenue$49,017,332

Q2 2023 same-store occupancy 70.6% (+1.5% YoY), ADR $187.49 (+3.3% YoY), RevPAR $131.16 (+5.0% YoY).
June 2023 RevPAR $124.79 (+7.7% YoY) driven by 4.1% occupancy gain and 3.3% ADR increase.
Monthly RevPAR growth: +2.8% April, +4.7% May, +7.7% June, reflecting sequential improvement.
CEO cites sustained leisure demand and improvement in group/business travel as key drivers.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sotherly Hotels Inc. reported preliminary financial results for Second quarter ended June 30, 2023.

Period: Second quarter ended June 30, 2023
Result: preliminary results

Exact text from the filing

On July 6, 2023, Sotherly Hotels Inc., a Maryland corporation (the “Company”) and the sole general partner of Sotherly Hotels LP, a Delaware limited partnership, issued a press release (the “Press Release”) announcing preliminary operating results of its portfolio of wholly-owned hotels for the quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-031877

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