1、2015 Annual ReportSocials and Charities SoTHERLY FoundationGiving BackThe SoTHERLY Foundation is the community outreach arm of SoTHERLY Hotels.We created the Foundation in 2015 because we wanted to take a more hands-on approach to making a difference in the communities surrounding our hotels,one fam
2、ily at a time.Each year,the SoTHERLY Foundation will provide significant aid to one or more American veterans living in the communities around its hotels.Instead of taking a one-size-fits-all approach,we work directly with the veteran and his or her family to find out what they need most and to dete
3、rmine a strategy for meeting that need in the most lasting and meaningful way possible.The Georgian Terrace by SoTHERLY Launch PartyTo Our Stockholders:We began 2015 with high expectations of continued growth for the company.We met or exceeded all of the transactional goals we set for the year.Finan
4、cially,we experienced some growing pains as a mid-year hotel acquisition in Florida negatively affected third quarter earnings due to seasonality issues.Additionally,the lodging sector experienced a significant drop in demand during the sixty days bracketing Labor Day as a result of a correction in
5、the equity markets,and our Houston asset shared in the declining fortunes of the oil industry.All and all,2015 was a year of continued growth for the company that positions us nicely going into 2016.The domestic U.S.lodging industry experienced a year of strong growth,ending 2015 with an increase in
6、 Revenue Per Available Room(“RevPAR”)of 6.4%.Our markets were solid with regard to performance,with the exception of the Houston market.For the most part,our portfolio performed well,finishing the year with a 7.0%RevPAR increase.To keep our 2015 RevPAR performance in context,the results we achieved