Sotherly Hotels Reaches Forbearance Agreement on Georgian Terrace Mortgage Loan
Sotherly Hotels Inc. has entered into a Forbearance Agreement with Wilmington Trust, National Association, as Trustee, regarding the mortgage loan on its Georgian Terrace hotel. The agreement, effective December 16, 2025, follows a notice of default received by the company on June 26, 2025, due to missed payments. Under the terms of the Forbearance Agreement, the lender has agreed not to seek a judgment or foreclose on the property before June 1, 2026. Sotherly Hotels Inc. will pay down the principal balance by approximately $3.8 million and continue monthly payments of about $236,000 in principal and interest, along with ongoing reserve funding. Default interest will continue to accrue and become payable upon certain termination events, and the property will remain under cash management.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sotherly Hotels Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-322825), on December 17, 2025, and is solely responsible for the information contained therein.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。