Brief: Sotherly Hotels Inc Completes Sale Of Raleigh, NC Hotel, Partially Repays Corporate Debt
14/06/2022 13:15
June 14 (Reuters) - Sotherly Hotels Inc SOHO.O :
* SOTHERLY HOTELS INC. COMPLETES SALE OF RALEIGH, NC HOTEL,
PARTIALLY REPAYS CORPORATE DEBT
* SOTHERLY HOTELS INC- CLOSED ON SALE OF DOUBLETREE BY
HILTON
RALEIGH BROWNSTONE IN RALEIGH, NORTH CAROLINA FOR $42 MILLION
* SOTHERLY HOTELS INC- A PORTION OF PROCEEDS FROM SALE WERE
USED
TO REPAY FIRST MORTGAGE AND REPAY A MAJORITY OF KEMMONS WILSON
SECURED NOTE
Source text for Eikon: ID:nGNX6VlzhN
Further company coverage: SOHO.O
((Reuters.Briefs@thomsonreuters.com;))
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