sotherly hotels
Sotherly Hotels and Chesapeake Hospitality Complete Renovation and Conversion of 311-Room DoubleTree by Hilton in Hollywood, Florida
DoubleTree by Hilton | October 25, 2017
HOLLYWOOD, Fla. and MCLEAN, Va. - DoubleTree Resort by Hilton Hollywood Beach, a newly renovated resort set along the Intracoastal Waterway in Hollywood, Fla., is the latest addition to the growing portfolio of hotels from DoubleTree by Hilton, one of Hilton's (NYSE: HLT) 14 market-leading brands. Situated just steps from ocean waves and white-sand beaches, the resort allows easy access for guests to hop on the Hollywood Trolley to tour Ocean Drive or to set off on the Fort Lauderdale Water Taxi. Through its multimillion-dollar transformation, the property features 311 oversized guestrooms and suites, all with furnished balconies ov...
Former Holiday Inn Laurel West Debuts as the DoubleTree by Hilton Laurel in Maryland
DoubleTree by Hilton | October 21, 2015
LAUREL, Md. and MCLEAN, Va. - DoubleTree by Hilton today debuted DoubleTree by Hilton Laurel, a modern 208-room property, conveniently situated between Washington and Baltimore. The hotel opens following a $5 million comprehensive transformation of the Holiday Inn Laurel West, which includes a total redesign of the lobby, fully-updated guest rooms and meeting spaces, new furnishings throughout the property, and a completely renovated atrium entrance. DoubleTree by Hilton Laurel is owned by Sotherly Hotels and managed by Chesapeake Hospitality. "DoubleTree by Hilton Laurel has been completely refreshed and ready for business and lei...
SoTHERLY Hotels Acquires Crowne Plaza™ Hollywood Beach Resort in Hollywood, FL for $26.25 million
SoTHERLY Hotels Inc. | August 7, 2015
WILLIAMSBURG, Va., Aug. 07, 2015 -- SoTHERLY Hotels Inc. (NASDAQ:SOHO) (the "Company") today announced that the Company has acquired the remaining 75.0% interest in the entities that own the 311-room Crowne Plaza™ Hollywood Beach Resort (the "Hotel") located in Hollywood, Florida for $26.25 million. The Company previously owned a 25.0% non-controlling interest in the Hotel through a joint venture with an affiliate of The Carlyle Group. As a part of the transaction, the Company assumed the existing $57.0 million first mortgage with Bank of America, N.A. The loan carries a floating interest rate of the 1-month LIBOR rate plus 3.95%, is ...
