Sotherly Hotels Inc. Provides Additional Strategic Updates On Operations Related to COVID-19 Impact
Sotherly Hotels Inc. (SOHO)
Last sotherly hotels inc. earnings: 2/27 06:30 am
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Source: GlobeNewswire
WILLIAMSBURG, Va., May 01, 2020 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced that it has undertaken additional actions at both the property and corporate levels to mitigate the financial impact of the COVID-19 pandemic, while at the same time has increased its focus on maintaining a clean and safe environment for its employees and guests. At the property-level, the Company and its hotel managers have implemented stringent cost control measures designed to minimize impact to profitability. Action steps include the closure of food and beverage outlets and other non-essential guest amenities in order to shrink the footprint of the properties; the downsizing of staffing levels and benefits, including the layoff of over 90% of hotel staff with reductions in salary for staff not subject to layoff; and the deferral of all non-vital capital expenditures. While the Company’s wholly owned properties remain in operation in a limited-service capac
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SOHO
News
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sotherly Hotels Inc. Schedules First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Sotherly Hotels Inc. (NASDAQ: SOHO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
SOHO
Earnings
- 3/6/24 - Beat
SOHO
Sec Filings
- 3/27/24 - Form DEF
- 3/27/24 - Form ARS
- 2/14/24 - Form SC
- SOHO's page on the SEC website