TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
 Conversion of Hollywood, Florida Hotel - EconoTimes)
WILLIAMSBURG, Va., Oct. 26, 2017 -- Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) announced today that it has completed the conversion of the DoubleTree Resort by Hilton Hollywood Beach. The hotel underwent an extensive $7.0 million renovation as part of the rebranding.
Ideally located on a barrier island on the Intracoastal Waterway and adjacent to the Atlantic oceanfront, the hotel boasts 311 oversized guest rooms with waterfront balcony views, 10,000 square feet of meeting space, a resort-style infinity pool with poolside tiki bar, and three food & and beverage outlets. The hotel’s central location puts the famous dining, shopping, and entertainment scenes of Fort Lauderdale, Miami, and South Beach all within reach.
Drew Sims, Chief Executive Officer of the Company, commented, “We are pleased to complete the renovation and repositioning of one of the Company’s most significant properties. With the impactful renovation behind us, we believe this hotel is poised for improved performance, ultimately delivering increased value for our shareholders.”
About Sotherly Hotels Inc.
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. Currently, the Company’s portfolio consists of investments in eleven hotel properties, comprising 2,838 rooms, and an interest in the Hyde Resort & Residences, a luxury condo hotel. Most of the Company’s properties operate under the Hilton Worldwide, InterContinental Hotels Group and Marriott International, Inc. brands. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
Contact at the Company:
Scott Kucinski
Sotherly Hotels Inc.
410 West Francis Street
Williamsburg, Virginia 23185
(757) 229-5648
