What are Sotherly Hotels Inc's Business Segments?
Sotherly Hotels Inc is a publicly traded real estate investment trust (REIT) that specializes in owning, acquiring, and redeveloping full-service hotels in the United States. The company operates under three brand names, including the boutique Magnolia Hotels, the upscale Sheraton brand, and the Southern-inspired Hotel RL brand.
Segments:
Sotherly Hotels Inc operates in two segments, which are Hotel Ownership and Management, and Unconsolidated Joint Ventures. The Hotel Ownership and Management segment is responsible for managing all hotels owned by the company. On the other hand, the Unconsolidated Joint Ventures segment includes ventures that the company operates jointly with other investors.
Products:
1. Magnolia Hotels: Magnolia hotels offer a unique experience to guests with their lavish amenities and central locations in urban city centers. These hotels are known for their vintage architecture, upscale ambiance, and distinct interiors that make each hotel a one-of-a-kind experience. Magnolia hotels offer an array of services, including luxurious accommodations, fine dining, and personalized service.
2. Sheraton Hotels: Sheraton hotels are designed to provide guests with a luxurious experience that combines contemporary style with world-class amenities. The Sheraton brand is renowned for its sophisticated atmosphere, spacious accommodations, and high-end services. These hotels offer a range of services, including fitness centers, swimming pools, signature dining experiences, and exceptional customer service.
3. Hotel RL: Hotel RL is a brand that is inspired by the traditions and cultural values of the American South. These hotels provide guests with a unique experience that includes local cuisine, arts, and music. Hotel RL hotels offer an array of services, including comfortable accommodations, on-site dining options, and meeting facilities that are designed to accommodate a range of events.
Services:
1. Lodging: Sotherly Hotels Inc provides lodging services through their hotels, which are known for their luxurious accommodations and high-end amenities. The company's hotels offer various types of rooms, from standard rooms to suites, that cater to different needs and preferences.
2. Dining: The company's hotels offer an array of dining options that include signature restaurants, rooftop bars, and coffee shops. The dining services are known for their upscale ambiance, delicious cuisines, and exceptional customer service.
3. Meetings and Events: Sotherly Hotels Inc provides meeting and event facilities that are designed to cater to different types of events, ranging from corporate meetings to weddings. These facilities are equipped with modern technology and are staffed by highly trained professionals who provide exceptional customer service.
4. Fitness Centers and Pools: The company's hotels provide fitness centers and pools that are designed to cater to their guests' fitness needs. These facilities are equipped with modern fitness equipment and offer a range of fitness programs.
5. Concierge Services: The company's hotels provide concierge services that cater to guests' needs by providing information about the local area, transportation, and other services that may be required. The concierge services are staffed by highly trained professionals who are knowledgeable about the local area and are always available to assist guests.
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