SoTHERLY Hotels Inc. Announces 14.3% Increase to Dividend
SoTHERLY
Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced
that its Board of Directors has declared a quarterly cash dividend
of $0.04 per common share of beneficial interest. The quarterly dividend
will be paid on October 11, 2013 to shareholders of record as of
September 13, 2013.
About SoTHERLY
Hotels Inc.
SoTHERLY
Hotels Inc., formerly MHI Hospitality Corporation, is a self-managed
and self-administered lodging REIT focused on the acquisition,
renovation, upbranding and repositioning of upscale and upper upscale
full-service hotels in the Southern United States. Currently, the
Company’s portfolio
consists of investments in ten hotel properties, nine of which are
wholly-owned and comprise 2,113 rooms. The Company also has a 25.0
percent interest in the Crowne Plaza Hollywood Beach Resort. All of the
Company’s properties operate under the Hilton Worldwide,
InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY
Hotels Inc. was organized in 2004 and is headquartered in
Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
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