4/8/2023 0 Comments Soho notes 7![]() ![]() You can also see how the capital structure evolved historically. ![]() Capital Structureīelow, you can see a snapshot of SOHO's capital structure as of its last Quarterly Report in September 2017. In addition, with a market capitalization of around $82M, SOHO is the second smallest Hotel/Motel REIT. As an absolute value, this means it pays $5.87M in dividends yearly. With a market price $6.20, the current yield of SOHO is at 6.85%. The Company's properties include Crowne Plaza Hampton Marina, located in Hampton, Virginia Crowne Plaza Hollywood Beach Resort, located in Hollywood, Florida Crowne Plaza Tampa Westshore, located in Tampa, Florida DoubleTree by Hilton Jacksonville Riverfront, located in Jacksonville, Florida DoubleTree by Hilton Laurel, located in Laurel, Maryland DoubleTree by Hilton Philadelphia Airport, located in Philadelphia, Pennsylvania DoubleTree by Hilton Raleigh Brownstone-University, Raleigh, North Carolina Georgian Terrace, located in Atlanta, Georgia Hilton Savannah DeSoto, located in Savannah, Georgia Hilton Wilmington Riverside, located in Wilmington, North Carolina Sheraton Louisville Riverside, located in Jeffersonville, Indiana, and The Whitehall, Houston, Texas.īelow, you can see a price chart of the common stock, SOHO:įor 2017, the common stock has paid а $0.425 yearly dividend. ![]() All of these hotels are owned by subsidiaries of the Operating Partnership, approximately 10 operate under the Hilton, Crowne Plaza, DoubleTree and Sheraton brands, one is an independent hotel, and all are managed on a day to day basis by MHI Hotels Services, LLC, which does business as Chesapeake Hospitality. The Company's portfolio consists of approximately 10 full-service, mainly upscale and upper-upscale hotels located in over eight states with an aggregate of approximately 3,010 rooms and approximately 160,930 square feet of meeting space. The Company conducts its operations through Sotherly Hotels LP, its Operating Partnership, of which the Company is the general partner. The Company operates through the hotel ownership segment. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. Sotherly Hotels Inc., incorporated on August 20, 2004, is a self-managed and self-administered lodging real estate investment trust ( REIT). This results in the "qualified equivalent" YTC and YTM sitting around 4.32% and 5.43%, respectively. The interest paid by this baby bond is not eligible for the preferential 15% to 20% tax rate. SOHOK is currently trading at a price of $25.50 and has a 5.18% Yield-to-Call and 6.51% Yield-to-Maturity. The new issue has no Standard & Poor's rating, is callable as of, and is set to mature on. Sotherly Hotels 7.25% SENIOR NOTES DUE 2021 (SOHOK) pay a fixed interest at a rate of 7.25%. You can find some relevant information about the new baby bond in the table below: The New Issueīefore we submerge into our brief analysis, here is a link to the 424B5 Filing by Sotherly Hotels - the prospectus.įor a total of 1M notes issued, the total gross proceeds to the company are $25M. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at. Our goal is purely to inform you about the product while refraining ourselves from an investment recommendation. Captured photos can also be emailed, saved to disk, or copied to the clipboard.In this article, we want to present a new baby bond issued by Sotherly Hotels ( NASDAQ: SOHO). Snap a picture using your computer's built-in iSight camera then save the photo as a new note. After shooting, trim it to the perfect length, and save the recording as a new note. ![]() Shoot and edit video right from your computer using your computer's built-in iSight camera. When you're done, edit your recording, then choose to save the recording as a new note or email it to a friend. Record memos, ideas, Thoughts, reminders, lectures, meetings, or any audio you want using your computer's built-in or external microphone. Each note is displayed as a large preview of its first page. Use the icon view or Cover Flow to navigate all your notes visually. Navigate your notes in a list view, icon view, or in Cover Flow. SOHO Notes makes viewing your notes as easy as capturing them. Use it to Capture, organize, sync, and share all of your stuff including text notes, PDF's, images, voice recordings, videos, forms, and web archives. SOHO Notes is the premier digital note-taking application for your Mac. ![]()
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