Thompson Davis Lowers stake in Sotherly Hotels Inc (SOHO)

Sotherly Hotels Inc (SOHO) : Thompson Davis reduced its stake in Sotherly Hotels Inc by 1.5% during the most recent quarter end. The investment management company now holds a total of 789,045 shares of Sotherly Hotels Inc which is valued at $4,331,857 after selling 12,038 shares in Sotherly Hotels Inc , the firm said in a disclosure report filed with the SEC on May 2, 2016.Sotherly Hotels Inc makes up approximately 6.50% of Thompson Davis’s portfolio.

Sotherly Hotels Inc closed down -0.07 points or -1.26% at $5.49 with 25,802 shares getting traded on Friday. Post opening the session at $5.52, the shares hit an intraday low of $5.42 and an intraday high of $5.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Carroll Financial Associates sold out all of its stake in SOHO during the most recent quarter. The investment firm sold 133 shares of SOHO which is valued $678.

Sotherly Hotels Inc. is a self-managed and self-administered lodging real estate investment trust (REIT). The Company operates hotels under the brands such as Hilton Crowne Plaza Sheraton and Holiday Inn. The Company conducts its business through Sotherly Hotels LP its operating partnership of which the Company is the general partner. As of December 31 2014 the Company’s portfolio consisted of 12 full-service primarily upscale and upper-upscale hotels located in eight states with an aggregate of 3009 rooms and approximately 160928 square feet of meeting space. As of December 31 2014 the Company’s portfolio consisted of 11 hotels wholly owned by subsidiaries of the operating partnership 10 operate under the Hilton Crowne Plaza DoubleTree Sheraton and Holiday Inn brands and one is an independent hotel. The Company also owns a 25% indirect non-controlling interest in the 311-room Crowne Plaza Hollywood Beach Resort through a joint venture with The Carlyle Group.

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