Sotherly Hotels (SOHO) 2006年年度报告「NASDAQ」.pdf

1、2006Annual ReportCelebrating 50 Years of Hospitality ExcellencePORTFOLIOHoliday Inn Laurel,Laurel,MDCrowne Plaza Riverfront,Jacksonville,FL Shell Island Resort,Wrightsville Beach,NCHoliday Inn Brownstone,Raleigh,NCHilton Philadelphia Airport,Philadelphia,PAHilton Savannah DeSoto,Savannah,GAHilton Wi

2、lmington Riverside,Wilmington,NCSheraton Louisville Riverside,Jeff ersonville,INCrowne Plaza SIAN Resort,Hollywood Beach,FLBuilding Blocks to GrowthTo Our Shareholders:We completed a productive second year as a public company in 2006.Of greater signifi cance is that 2007 marks the 50th anniversary o

3、f my familys entry into the hospitality industry.Th e cornerstones of our company service,value and opportunity have their roots in a small 12-room motel purchased by my father,Edgar Sims,in the fl ourishing Washington,DC suburbs in 1957.Th e successor entity to that fi rst small hotel,MHI Hospitali

4、ty Corporation,owns a portfolio of hotels in well-located markets.With ownership of approximately$225.0 million in real estate assets our focus remains the same as 50 years ago:to provide hospitality to our customers,to build value for our investors,and to identify opportunities for company growth.I

5、n 2006 we put the building blocks in place to accommodate future growth:We expanded management resources externally and internally;We substantially increased our fi nancial capacity;and We achieved milestones in portfolio repositioning and performance.During the year we forged an alliance with hotel

6、 management company Coakley&Williams which provides access to additional management resources and an independent operator with a long history of hospitality industry experience.In 2006 we also added Chief Operating Offi cer David Folsom to our team.Daves transactional and capital markets expertise r