Sotherly Hotels Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 28.4 million compared to USD 24.85 million a year ago. Revenue was USD 43.49 million compared to USD 38.35 million a year ago.

Net income was USD 1.41 million compared to net loss of USD 0.649323 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.15 a year ago.