---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-057415"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:06:10.619029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels extends Philadelphia hotel mortgage to Dec 29; SOFR+3.5% rate; gets Q2 2023 covenant waiver

## Summary
- Maturity on DoubleTree by Hilton Philadelphia Airport mortgage extended to December 29, 2023 (short-term extension from TD Bank).
- Interest rate increased to SOFR plus 3.50% from prior undisclosed rate.
- Waiver of non-compliance with financial covenants for period ended June 30, 2023, conditioned on $450,000 increase in reserve account (funded).
- Company is in negotiations with lender for further modification and extension of the loan.

## SEC filing metadata
- accession: 0000950170-23-057415
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000095017023057415/0000950170-23-057415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000095017023057415/soho-20231029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-057415
- JSON: https://secwatch.observer/filing/0000950170-23-057415.json
- Plain text: https://secwatch.observer/filing/0000950170-23-057415.txt

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