Sotherly Hotels Inc. reported a notable 4.5% increase in its portfolio over the prior year, with the first quarter of 2024 benefiting from a one-time grant of $550,000 for its Savannah hotel. This grant impacted the comparability of Hotel EBITDA across different periods. RevPAR increased by 6.4% compared to the previous year, and Hotel EBITDA margins rose by 0.2%. These results were attributed to ongoing improvements in several urban properties and the advantage of one-time events such as the U.S. Presidential Inauguration and large sports events. In terms of profitability, the net income attributable to common stockholders amounted to $2.691 million, compared to a loss of $659,000 in the prior period. EBITDA increased to $15.032 million from $10.785 million, and Hotel EBITDA was reported at $12.921 million, up from $12.360 million. FFO attributable to common stockholders and unitholders was slightly down from $3.961 million to $3.769 million, while Adjusted FFO decreased from $5.178 million to $4.517 million. Looking ahead, Sotherly Hotels Inc. has issued guidance for 2025, with total revenue expected to range between $183.388 million and $188.168 million. The net loss attributable to common stockholders and unitholders is forecasted between $8.651 million and $7.846 million. EBITDA is projected to be between $41.879 million and $42.704 million, with Hotel EBITDA expected to range from $48.829 million to $49.619 million. The company also anticipates Adjusted FFO per common share and unit to be between $0.57 and $0.61. RevPAR is forecasted to be between $119.77 and $122.89. The company has expressed increased caution regarding the overall pace of hotel demand as it progresses through the second quarter and into the latter half of the year. Although there are no major pauses in group or transient bookings, a reduction in international travel at leisure properties and a lower volume of bookings linked to government funding have been observed.