{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-282339","form_type":"8-K","ticker":"SOHOO","cik":"0001301236","company_name":"Sotherly Hotels Inc.","filed_at":"2025-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.053496+00:00","generated_at":"2026-05-16T19:46:23.657019+00:00","sec_items":["1.02","2.04"],"event_type":"debt","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Sotherly Hotels: parking garage sale terminated by buyer; mortgage default of $49.3M received","bullets":["Buyer Banyan Street Capital terminated the $17.75M parking garage sale for Georgian Terrace hotel on November 13, 2025.","On November 12, 2025, Sotherly received a Notice of Default on the DoubleTree Resort by Hilton Hollywood Beach mortgage.","The default involves an estimated $49.3 million direct financial obligation to Wilmington Trust, National Association as Trustee.","Sotherly has engaged a consultant to negotiate an extension and remains in a cash trap on the property."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-282339","json":"https://secwatch.observer/filing/0001193125-25-282339.json","markdown":"https://secwatch.observer/filing/0001193125-25-282339.md","text":"https://secwatch.observer/filing/0001193125-25-282339.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1301236/000119312525282339/0001193125-25-282339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1301236/000119312525282339/soho-20251112.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud","generated_at":"2026-05-16T19:46:23.657019+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":"a708b2fab650cea1b51ff3f1dcb950a534efab09","claim":"Sotherly Hotels Inc. reported a default on mortgage of approximately $49.3 million with Wilmington Trust, National Association, as Trustee.","evidence_excerpt":"under the loan documents without further notice or demand. The Company estimates that the amount of the direct financial obligation, as of November 12, 2025, is approximately $49.3 million. The Company has engaged a consultant to negotiate for an extension of the Mortgage Loan with the special servicer, and proposed extension terms have been provided to the special","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1301236/000119312525282339/0001193125-25-282339-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"mortgage"},{"label":"Principal","value":"approximately $49.3 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"}