Sotherly Hotels to Delist Preferred Stock from Nasdaq After Merger
Sotherly Hotels Inc. has announced plans to withdraw its Preferred Stock from The Nasdaq Stock Market LLC. The decision follows a merger completed earlier this year and marks a strategic shift for the company. Shareholders and investors will see the final day of trading on or around April 17, 2026. The company's board approved the voluntary delisting after careful consideration. Management stated the move aligns with the best interests of Sotherly Hotels and its stockholders. To formalise the withdrawal, the firm intends to submit a Form 25 to the SEC on or about April 7, 2026.
Despite this change, Sotherly Hotels will continue operating as a real estate investment trust (REIT). The business currently owns ten full-service hotels across seven U.S. states, totalling 2,786 rooms. Additionally, it holds interests in a condominium hotel and its associated rental programmes.
The transition comes after a merger finalised on February 12, 2026. While the company's Preferred Stock will no longer trade on Nasdaq, its core hotel operations remain unaffected. The delisting process will conclude with the last trading day for the Preferred Stock in mid-April 2026. Sotherly Hotels will maintain its REIT status and continue managing its portfolio of upscale properties. The company's focus remains on its existing hotel assets and ongoing business activities.
