secwatch.observer — SEC 8-K summary
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Issuer:     Sotherly Hotels Inc. (SOHOO)
CIK:        0001301236
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001193125-25-282339
Event type: debt
Sentiment:  negative
Materiality: 0.90
Item codes: 1.02, 2.04
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1301236/000119312525282339/0001193125-25-282339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1301236/000119312525282339/soho-20251112.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-282339

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