---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-123250"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:21:01.807382+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels amends master agreement with related-party manager Our Town; term extended to March 2035

## Summary
- A&R Master Agreement removes minimum NOI guarantee, governance/personnel requirements for Our Town, and management fee advance concept.
- Individual hotel management agreements amended to define 'bona fide sale' for termination rights; term extended to March 31, 2035.
- Our Town is controlled by Chairman Andrew M. Sims (66.6%), CEO David R. Folsom (6.6%), and VP Andrew M. Sims Jr. (15.0%).
- Audit committee approved the related-party aspects; the agreement updates prior 2019 master agreement and its amendments.

## SEC filing metadata
- accession: 0000950170-24-123250
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000095017024123250/0000950170-24-123250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000095017024123250/soho-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-123250
- JSON: https://secwatch.observer/filing/0000950170-24-123250.json
- Plain text: https://secwatch.observer/filing/0000950170-24-123250.txt

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