Brief: Sotherly Hotels Defaults on Mortgage for Georgian Terrace Hotel in Atlanta
02/07/2025 21:03
July 2 (Reuters) - Sotherly Hotels Inc SOHO.O: SOTHERLY HOTELS INC. ANNOUNCES NOTICE OF DEFAULT ON MORTGAGE LOAN SECURED BY THE GEORGIAN TERRACE HOTEL IN ATLANTA SOTHERLY HOTELS INC - SOHO ATLANTA LLC IN DEFAULT UNDER NOTE AND LOAN DOCUMENTS SOTHERLY HOTELS INC - DIRECT FINANCIAL OBLIGATION ESTIMATED AT $38 MILLION SOTHERLY HOTELS INC - ENGAGES CONSULTANT TO NEGOTIATE MORTGAGE LOAN EXTENSION Source text: ID:nGNX4gZJ96 Further company coverage: SOHO.O ((Reuters.Briefs@thomsonreuters.com;))
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