Sotherly Hotels Inc. Completes Refinance of Tampa, FL Hotel; Proceeds Used to Pay Off Corporate Debt
Retrieved on:
Wednesday, June 29, 2022
Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note.
Key Points:
- Proceeds from the loan, combined with existing corporate cash, were used to repay of the remainder of the Kemmons Wilson secured note.
- 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.
- The Company owns hotels that operate under the Hilton Worldwide and Hyatt Hotels Corporation brands, as well as independent hotels.
- Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia.