NT 10-Q 1 soho_-_late_10-q.htm NT 10-Q NT 10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

____________

FORM 12b-25

 

SEC File Number:

001-32379 (Sotherly Hotels Inc.)

001-36091 (Sotherly Hotels LP)

 

CUSIP Number:

83600C103 (Sotherly Hotels Inc.)

83600C301 (Sotherly Hotels Inc.)

83600C400 (Sotherly Hotels Inc.)

83600C509 (Sotherly Hotels Inc.)

 

NOTIFICATION OF LATE FILING

 

(Check One): Form 10-K Form 20-F Form 11-K Form 10-Q Form 10-D

Form N-CEN Form N-CSR

 

For Period Ended: March 31, 2024

 

Transition Report on Form 10-K

Transition Report on Form 20-F

Transition Report on Form 11-K

Transition Report on Form 10-Q

 

For the Transition Period Ended:

 

Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

 

If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:

 

 

 

 

 

 

 

 

 

 


 

 

 

__________________________________________________________________

 

PART I -- REGISTRANT INFORMATION

 

Full Names of Registrants:

 

SOTHERLY HOTELS INC.

 

SOTHERLY HOTELS LP

 

 

Former Names if Applicable:

Not Applicable

 

Address of Principal Executive Offices:

306 South Henry Street, Suite 100

City, State and Zip Code:

Williamsburg, Virginia 23185

 

__________________________________________________________________

 

PART II -- RULES 12b-25(b) AND (c)

 

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate.)

 

 

(a)

The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

[ ]

(b)

The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

 

(c)

The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

 

 


 

__________________________________________________________________

 

PART III-- NARRATIVE

 

State below in reasonable detail why the Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR or the transition report portion thereof, could not be filed within the prescribed time period.

 

Sotherly Hotels Inc., a Maryland corporation (the “Company”), and Sotherly Hotels LP (the “Partnership”), a Delaware limited partnership of which the Company is the sole general partner (each a “Registrant,” and together, the “Registrants”) are joint filers.

The Registrants’ Quarterly Report on Form 10-Q (the “Form 10-Q”) for the quarter ended March 31, 2024 cannot be filed within the prescribed time period without unreasonable effort or expense as a result of ongoing evaluation of the presentation of the preferred units on the balance sheet of the Partnership as permanent equity, rather than as temporary equity (mezzanine), as well as ongoing evaluation of the accounting for other items. Until the analyses have been completed, the Company is unable to file the Form 10-Q.

Although the Company continues to work expeditiously to complete the work necessary to file the Form 10-Q as soon as practicable, the Company does not anticipate filing the Form 10-Q within the five-day period provided by Rule 12b-25.

 

__________________________________________________________________

 

PART IV -- OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification

 

Anthony E. Domalski

 

757

 

229-5648

(Name)

 

(Area Code)

 

(Telephone Number)

 

(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s). [X] Yes [_] No

 

(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? [_] Yes [X] No

 

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

 

 

 

 


 

SOTHERLY HOTELS INC.

 

SOTHERLY HOTELS LP

(Name of Registrants as Specified in Charter)

 

Have caused this notification to be signed on their behalf by the undersigned thereunto duly authorized.

 

 

 

Date: May 16, 2024

SOTHERLY HOTELS INC.

 

By:

/s/ Anthony E. Domalski

 

Anthony E. Domalski

Chief Financial Officer

 

 

SOTHERLY HOTELS LP

by its General Partner,

SOTHERLY HOTELS INC.

 

By:

/s/ Anthony E. Domalski

 

Anthony E. Domalski

Chief Financial Officer