{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-082298","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2024-07-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.509591+00:00","generated_at":"2026-05-31T22:31:39.798168+00:00","sec_items":["2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Sotherly Hotels secures $26.25M mortgage, $9.49M renovation tranche, and rebrands to Hotel Bellamy","bullets":["Loan from Fifth Third Bank: $26.25M initial tranche + $9.49M renovation tranche, floating SOFR+3%, 5-year maturity July 8, 2029.","New 10-year Hilton franchise agreement; hotel reflags as DoubleTree by Hilton branded Hotel Bellamy.","Renovation cost ~$14.6M covering guestrooms, public spaces, exterior, pool, F&B, and new riverfront dining; completion expected Jan 2027.","Operating Partnership guarantee reduces to 25% after achieving 1.35x DSCR for two consecutive quarters post-renovation.","CEO Dave Folsom views refinancing as positive outcome; hotel positioned as first full-service lifestyle concept in downtown Jacksonville."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-082298","json":"https://secwatch.observer/filing/0000950170-24-082298.json","markdown":"https://secwatch.observer/filing/0000950170-24-082298.md","text":"https://secwatch.observer/filing/0000950170-24-082298.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000095017024082298/0000950170-24-082298-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000095017024082298/soho-20240708.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T22:31:39.798168+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}