Sotherly Hotels (SOHO) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Affiliates of Sotherly Hotels Inc. secured a $35 million mortgage loan for Hotel Alba Tampa with Citi Real Estate Funding Inc., maturing in 2029 with a fixed interest rate of 8.49%. The loan, which primarily requires interest payments, is guaranteed against certain misconduct and cannot be prepaid early. Following this financial move, the Company issued a press release detailing the transaction.
For further insights into SOHO stock, check out TipRanks’ Stock Analysis page.
