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Sotherly Hotels Acquires Historic Georgian Terrace Hotel for $61 Million

Closes On "The Grand Dame of Atlanta"
By Bryce Meyers
CoStar News
April 1, 2014 | 4:09 P.M.

Sotherly Hotels (NYSE: SOHO) purchased the Georgian Terrace Hotel in Atlanta, an adjacent 698-space parking garage and a .6-acre development parcel, for $61 million, or approximately $187,000 per key.

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News | Sotherly Hotels Acquires Historic Georgian Terrace Hotel for $61 Million