SoTHERLY Hotels Inc. Announces 14.3% Increase to Dividend
WILLIAMSBURG, Va.--(BUSINESS WIRE)-- SoTHERLY Hotels Inc. (the "Company") today announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per common share of beneficial interest. The quarterly dividend will be paid on October 11, 2013 to shareholders of record as of September 13, 2013.
About SoTHERLY Hotels Inc.
SoTHERLY Hotels Inc., formerly MHI Hospitality Corporation, is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale and upper upscale full-service hotels in the Southern United States. Currently, the Company's portfolio consists of investments in ten hotel properties, nine of which are wholly-owned and comprise 2,113 rooms. The Company also has a 25.0 percent interest in the Crowne Plaza Hollywood Beach Resort. All of the Company's properties operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands. SoTHERLY Hotels Inc.was organized in 2004 and is headquartered in Williamsburg, Virginia. For more information, please visit www.sotherlyhotels.com.
SoTHERLY Hotels Inc.
Director - Investor Relations
KEYWORDS: United States North America Virginia
The article SoTHERLY Hotels Inc. Announces 14.3% Increase to Dividend originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.