Implied Value
Value

Sotherly Hotels: Mid-Cycle Growth At Mid-Single Digits Multiple

Sotherly Hotels (NASDAQ:SOHO) is a stock that has been discussed many times, both by resident REIT expert Dane Bowler as well as by the investing "blogosphere".

You can find a few links below:

  • Dane's article
  • OTC Adventures

SOHO just released its 10-K filing yesterday so I thought I would provide an update on recent events and why I think it still offers superior risk/reward at current price.

Business

I will just give a brief description here since there is no point repeating what's already said.

SOHO owns 10 upscale and upper-upscale hotels in the mid-Atlantic and southern US markets. It also has a 25% joint venture interest in Crown Plaza Hollywood Beach Resort. As part of their strategy,

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