MHI Hospitality Corporation (MDH) has changed its name to SoTHERLY Hotels Inc. (SOHO) to reflect their policy of Southern hospitality.
MHI Hospitality Corporation (ticker symbol MDH) has changed its name to SoTHERLY Hotels Inc. (ticker symbol SOHO) to better target the company's market in the southern United States.As the company has a 56-year history of providing hospitality in the South, and intends to continue in southern US locations, the new name helps position the company to be more in line with its growth goals.According to Drew Sims, Chief Executive Officer of SoTHERLY Hotels, this change is a good way to reposition the company "to drive returns and ultimately create the greatest long-term value for our stockholders".SoTHERLY Hotels has ten hotel properties with 2 113 rooms in its portfolio. Trading begins Monday, April 22, 2013.
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