---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-052734"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T22:59:29.752993+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels amends Philadelphia loan to $35.9M, extends maturity to 2026

## Summary
- Principal reduced $3M to $35.9M; maturity extended to April 2026; floating SOFR+3.5%.
- Interest rate cap purchased: $26M notional, 3.0% strike, expires May 2026.
- New 10-year Hilton franchise agreement; $11.5M renovation to guestrooms, public spaces, exterior by April 2026.
- Company funded $3M principal payment, $0.3M interest reserve ($1.3M total), $5M PIP reserve, and $1.7M cash collateral.

## SEC filing metadata
- accession: 0000950170-24-052734
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000095017024052734/0000950170-24-052734-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000095017024052734/soho-20240430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-052734
- JSON: https://secwatch.observer/filing/0000950170-24-052734.json
- Plain text: https://secwatch.observer/filing/0000950170-24-052734.txt

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