---
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"
generated_at: "2026-05-16T19:46:23.657019+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels: parking garage sale terminated by buyer; mortgage default of $49.3M received

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.02, 2.04
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-282339
- JSON: https://secwatch.observer/filing/0001193125-25-282339.json
- Plain text: https://secwatch.observer/filing/0001193125-25-282339.txt

## Key facts
- Debt Financings
  Sotherly Hotels Inc. reported a default on mortgage of approximately $49.3 million with Wilmington Trust, National Association, as Trustee.
  - Instrument: mortgage
  - Principal: approximately $49.3 million
  - Counterparty: Wilmington Trust, National Association, as Trustee
  - Event: default
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1301236/000119312525282339/0001193125-25-282339-index.htm

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