Added to YB: 2025-11-12
Pitch date: 2025-11-06
SOHO [neutral]
Sotherly Hotels Inc.
+1.86%
current return
Author Info
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Company Info
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.
Market Cap
$44.1M
Pitch Price
$2.15
Price Target
2.25 (+3%)
Dividend
N/A
EV/EBITDA
12.91
P/E
-6.63
EV/Sales
2.66
Sector
Hotel and Resort REITs
Category
special_situation
Sotherly Hotels: Buyout, Preferred Share Conversion Arbitrage
SOHO (merger arb): Being acquired for $2.25/share by Kemmons Wilson/Ascendant/Apollo JV. Common offers 12% IRR to Q1 close. Preferred shares (SOHOB/SOHOO/SOHON) convertible to common via change-of-control provision offer 30%+ IRR despite share caps. Extra conversion step required post-close.
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