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Sotherly Hotels Inc. Press Release: Sotherly Hotels Inc. Provides Additional Strategic Updates On Operations Related to COVID-19 Impact - News released on 1 May 2020 17:06:26 -0400 - REITNewsHeadlines- 2020-05-02 20:53:19 PDT

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Since Q4 2019, #SOHO had dividend payout above 100% so it was already very risky dividends, now with the results from Q1 it will probably be at risk of cutting it. - RoTtom - 2020-05-03 12:27:38 PDT

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Really unfortunate what #SOHO and other hotel companies and REITs are going through! Sotherly called out in this update that they are "the downsizing of staffing levels and benefits, including the layoff of over 90% of hotel staff with reductions in salary for staff not subject to layoff; and the deferral of all non-vital capital expenditures." Can you imagine how hard this is on everyone involved! Just terrible! I wish a fast recovery to the entire #SOHO corporate family and to others in the hotel, tourism, and restaurant industries. - Kyuie - 2020-05-02 20:53:19 PDT

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