{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-25-092920","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.614849+00:00","generated_at":"2026-05-18T09:35:21.172877+00:00","sec_items":["2.04","7.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sotherly Hotels receives $38M default notice on Georgian Terrace mortgage loan","bullets":["Received Notice of Default on $38.0M mortgage loan for Georgian Terrace in Atlanta on June 26, 2025.","Subsidiary SOHO Atlanta LLC failed to pay amounts due; lender may seek foreclosure or reconveyance.","Engaged consultant to negotiate loan extension; continuing interest, tax escrow, and reserve payments.","Management states default is maturity default, not cash-flow issue; cites higher interest rates and tighter underwriting."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-25-092920","json":"https://secwatch.observer/filing/0000950170-25-092920.json","markdown":"https://secwatch.observer/filing/0000950170-25-092920.md","text":"https://secwatch.observer/filing/0000950170-25-092920.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000095017025092920/0000950170-25-092920-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000095017025092920/soho-20250626.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:35:21.172877+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":[{"claim_id":"138cd80580cb661b622a63302aa5d12aa473dfa7","claim":"Sotherly Hotels Inc. reported a default on mortgage of approximately $38.0 million with Wilmington Trust, National Association, as Trustee.","evidence_excerpt":"except as required pursuant to state law and the loan documents. The Company estimates that the amount of the direct financial obligation, as of July 2, 2025, is approximately $38.0 million. --- EX-99.1 (EX-99.1) --- EX-99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE WEDNESDAY, July 2, 2025 SOTHERLY HOTELS INC. ANNOUNCES NOTICE OF DEFAULT ON MORTGAGE LOAN SECURED BY THE","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1301236/000095017025092920/0000950170-25-092920-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"approximately $38.0 million"},{"label":"Counterparty","value":"Wilmington Trust, National Association, as Trustee"},{"label":"Event","value":"default"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}