Best Mid Cap Companies To Buy Right Now

Best Mid Cap Companies To Buy Right Now: Sotherly Hotels Inc (SOHO)

SoTHERLY Hotels Inc., formerly MHI Hospitality Corporation, incorporated on August 2004, is a self-managed and self-administered real estate investment trust (REIT) that was formed to own, acquire, renovate and reposition primary full-service upper upscale and upscale hotel properties located in primary markets in the Mid-Atlantic and Southern United States. The Company conducts its business through MHI Hospitality, L.P., its operating partnership, of which the Company is the general partner. As of December 31, 2011, the Company owned approximately 77% of the partnership units in its operating partnership. In November 2013, SoTHERLY Hotels Inc announced that it has acquired the entity which owns the Crowne Plaza Houston Downtown Hotel, a 259-room, upscale, full-service hotel located in downtown Houston, Texas.

As of March 1, 2012, the Company's portfolio consisted of 10 primarily full-service up-scale and upper up-scale hotels located in seven states with a n aggregate of 2,424 rooms and approximately 120,200 square feet of meeting space. Nine of these hotels are wholly owned by subsidiaries of its operating partnership and operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands and are managed on a day to day basis by MHI Hotels Services, LLC (MHI Hotels Services). It also owns a 25% indirect non-controlling interest in the Crowne Plaza Hollywood Beach Resort through a joint venture with Carlyle.

The Company leases its hotel properties to MHI Hospitality TRS, LLC (its TRS Lessee), which in turn has engaged MHI Hotels Services, an independent management company, to manage its hotels. Its TRS Lessee is a wholly owned subsidiary of MHI Hospitality TRS Holding, Inc. (MHI Holding, and collectively, MHI TRS). As of March 1, 2012, the Company's portfolio consisted! of the properties, including Crowne Plaza Hampton Marina, Crowne Plaza Tampa Westshore , Crowne Plaza Jacks onville Riverfront , Crowne Plaza Jacksonville Riverfront , ! DoubleTree by Hilton Brownstone - University and Holiday Inn Laurel West. As of December 31, 2011, the Company owns two leasehold interests in the Shell Island Resort, a 160-unit condominium resort property in Wrightsville Beach, North Carolina

Advisors' Opinion:

• [By George Putnam]

  Steve Halpern: Now, another pick that you have is Sotherly Hotels (SOHO). Could you tell us about that company?

  George Putnam: Sure. This is a small-cap name. Like many others in the industry, it had to struggle a bit from 2008 and has devoted most of its attention to getting its balance sheet back in order, and some of its existing hotels fixed-up and repositioned.

• [By Marc Bastow]

  Upscale hotel property real estate investment trust Sotherby (SOHO) raised its quarterly dividend 12.5% to 4.5 cents per share, payable on Jan. 1, 2014 to shareholders of record as of Dec. 13.
  SOHO Dividend Yield: 3.87%

source from Top Stocks Blog:http://www.topstocksblog.com/best-mid-cap-companies-to-buy-right-now-2.html