Sotherly Hotels Inc. announced that it has entered into a new 10-year franchise agreement with Hilton Worldwide to relicense the hotel under the DoubleTree by Hilton flag. As part of the new agreement with Hilton, the Company will undertake a renovation of the property, with a cost of approximately $11.5 million and an estimated completion date of April 2026. Renovation plans for the property to include upgrades to guestrooms, public spaces, food and beverage spaces, and building exterior.
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200 USD | -1.59% | -2.82% | +9.84% |
May. 17 | Bernstein Adjusts Hilton Worldwide Price Target to $217 From $214 | MT |
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