WILLIAMSBURG, Va., July 25, 2017 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced that its Board of Directors
has authorized, and the Company has declared, a quarterly cash dividend of $0.11 per common share of beneficial interest.
The quarterly dividend will be paid on October 11, 2017 to shareholders of record as of September 15, 2017. The common dividend
represents an increase of 4.8 percent over the prior period and an annualized yield of approximately 6.7 percent based on the
closing price of the Company’s common shares on July 21, 2017.
The Board of Directors also authorized, and the Company has declared, a regular quarterly cash dividend of $0.50
per share of beneficial interest of the Company’s 8.0% Series B Cumulative Redeemable Perpetual Preferred Stock. The quarterly
preferred dividend will be paid on October 16, 2017 to shareholders of record as of September 29, 2017.
About Sotherly Hotels Inc.
Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the
acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United
States. Currently, the Company’s portfolio consists of investments in eleven hotel properties, comprising 2,838 rooms, and an
interest in the Hyde Resort & Residences, a luxury condo hotel. Most of the Company’s properties operate under the Hilton
Worldwide, InterContinental Hotels Group and Marriott International, Inc. brands. Sotherly Hotels Inc. was organized in 2004 and is
headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
Contact at the Company: Scott Kucinski Sotherly Hotels Inc. 410 West Francis Street Williamsburg, Virginia 23185 (757) 229-5648
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