Sotherly Hotels (SOHO) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.