debt
confidence medium
sentiment neutral
materiality 0.30
Sotherly extends mortgage maturity on Philadelphia Airport hotel to Jan 29, 2024
Sotherly Hotels Inc.
- An affiliate of Sotherly Hotels entered a loan amendment with TD Bank, effective Dec 21, 2023.
- The maturity date on the DoubleTree by Hilton Philadelphia Airport mortgage was extended to January 29, 2024.
- The loan continues to be guaranteed by Sotherly Hotels LP.