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■ ( Mark One ) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31 , 2020 OR MARYLAND ( State or Other Jurisdiction of Incorporation or Organization ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from DELAWARE ( State or Other Jurisdiction of Incorporation or Organization ) Registrant Sotherly Hotels Inc. Sotherly Hotels Inc. Sotherly Hotels Inc. Sotherly Hotels Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , DC 20549 FORM 10 - K FOR ANNUAL AND TRANSITION REPORTS PURSUANT TO SECTIONS 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 Sotherly Hotels Inc. SOTHERLY HOTELS INC . ( Exact name of registrant as specified in its charter ) Large Accelerated Filer to 001-32379 ( Commission File Number ) SOTHERLY HOTELS LP ( Exact name of registrant as specified in its charter ) 001-36091 ( Commission File Number ) 306 South Henry Street , Suite 100 Williamsburg , Virginia 23185 ( Address of Principal Executive Officers ) ( Zip Code ) 757-229-5648 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : Title of Each Class Common Stock , $ 0.01 par value Trading Symbols SOHO SOHOB 8.0 % Series B Cumulative Redeemable Perpetual Preferred Stock , $ 0.01 par value 7.875 % Series C Cumulative Redeemable Perpetual Preferred Stock , $ 0.01 par value 8.25 % Series D Cumulative Redeemable Perpetual Preferred Stock , $ 0.01 par value Accelerated Filer Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined by Rule 405 of the Securities Act . Sotherly Hotels Inc. Yes No X Sotherly Hotels LP Yes No X Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Sotherly Hotels Inc. Yes No X Sotherly Hotels LP Yes No SOHOO SOHON Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Sotherly Hotels Inc. Yes > No Sotherly Hotels LP Yes No Non - accelerated Filer Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T ( § 232.405 of this chapter ) during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Sotherly Hotels Inc. Yes > No Sotherly Hotels LP Yes No 1 Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or emerging growth company . ( See definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company " and " emerging growth company " in Rule 12b - 2 of the Securities Exchange Act of 1934 ) . 20-1531029 ( I.R.S. Employer Identification No. ) 20-1965427 ( I.R.S. Employer Identification No. ) Name of Each Exchange on Which Registered The NASDAQ Stock Market LLC The NASDAQ Stock Market LLC The NASDAQ Stock Market LLC The NASDAQ Stock Market LLC Smaller Reporting Company Emerging growth company