WILLIAMSBURG, Va., Oct. 03, 2017 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ:SOHO) (the “Company”) today announced the pricing of its underwritten public offering of 1,200,000 shares of its 7.875% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) for total gross proceeds of approximately $30,000,000 before underwriting discounts and commissions and expenses payable by the Company.