Hotel REIT changes its name
- April 16, 2013
Williamsburg-based MHI Hospitality Corp. has changed its name to SoTHERLY Hotels Inc.
As part of the move, the company will change its ticker symbol to “SOHO” on the NASDAQ Stock Market.
“This change represents a new generation in our company’s 56-year history,” CEO Drew Sims said in a statement. “Since our IPO, we have aggregated a portfolio of unique, upper upscale and upscale hotel assets primarily located in premier destination markets throughout the Southern United States. We believe the future is bright for the Southern US region, which has the highest growth statistics in the country.”
As part of the name change, the Company will launch a new website, http://WWW.SOTHERLYHOTELS.COM and t,he company’s email addresses will migrate to the @SOTHERLYHOTELS.COM suffix. The Company expects all changes to take effect by April 22.
SoTHERLY Hotels Inc. is a self-managed and self-administered lodging REIT. Currently, its portfolio includes investments in 10 hotels, nine of which are wholly-owned and have 2,113 rooms. The company also has a 25 percent interest in the Crowne Plaza Hollywood Beach Resort.
All of the properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands.