David Folsom - Sotherly Hotels President COO, Director

SOHOB Stock  USD 16.93  0.30  1.74%   

President

Mr. David R. Folsom is President, Chief Operating Officer, Director of Sotherly Hotels Inc. He was appointed to the position of president in January 2011 and to the position of chief operating officer in January 2006. Mr. Folsom was appointed as a director in 2011. Mr. Folsom assists the chief executive officer in the execution of Sotherlys strategic business plan and coordinates Sotherlys capital raising and borrowing efforts, as well as sourcing and conducting due diligence on potential acquisitions to facilitate the companys growth. Prior to joining Sotherly, Mr. Folsom was Vice President of Paragon Real Estate, a Clevelandbased early stage real estate venture focusing on distressed multifamily assets in 2005. From 2001 to 2005, he was an investment banker with BBT Capital Markets, where he served in the Real Estate Securities Group and Debt Capital Markets Groups. While at BBT, Mr. Folsom participated in over 70 equity, debt and preferred stock underwritings, as well as financial advisory transactions across many industries. He was a member of the lead underwriting team that took Sotherly public in 2004 since 2011.
Age 59
Tenure 13 years
Professional MarksMBA
Address 306 South Henry Street, Suite 100, Williamsburg, VA, United States, 23185-4046
Phone757 229 5648
Webhttps://www.sotherlyhotels.com
Folsom served as a commissioned officer in the U.S. Marine Corporationrationration, is a graduate of the U.S. Naval Academy and received a master of business administration degree from Georgetown University. In 2012, Mr. Folsom also acted as an adjunct professor at the College of William and Mary. He is also a director of The Sotherly Foundation, a charitable foundation established by Sotherly to provide assistance to veterans. The board of directors of Sotherly concluded that Mr. Folsom has the relevant professional experience and skills to serve as director of the Sotherly because of his current positions as president and chief operating officer of Sotherly as well as his past investment banking and real estate financing experience.

Sotherly Hotels Management Efficiency

The company has return on total asset (ROA) of 0.0313 % which means that it generated a profit of $0.0313 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0322 %, meaning that it generated $0.0322 on every $100 dollars invested by stockholders. Sotherly Hotels' management efficiency ratios could be used to measure how well Sotherly Hotels manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.01. The current year's Return On Capital Employed is expected to grow to 0.05. At present, Sotherly Hotels' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Intangible Assets is expected to grow to about 3 M, whereas Total Assets are forecasted to decline to about 279.8 M.
Sotherly Hotels Series has accumulated 317.53 M in total debt with debt to equity ratio (D/E) of 7.56, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Sotherly Hotels Series has a current ratio of 0.76, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Note, when we think about Sotherly Hotels' use of debt, we should always consider it together with its cash and equity.

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Sotherly Hotels Inc. is a self-managed and self-administered lodging REIT focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the Southern United States. Sotherly Hotels Inc. was organized in 2004 and is headquartered in Williamsburg, Virginia. Sotherly Hotels operates under REITHotel Motel classification in the United States and is traded on NASDAQ Exchange. It employs 10 people. Sotherly Hotels Series (SOHOB) is traded on NASDAQ Exchange in USA. It is located in 306 South Henry Street, Suite 100, Williamsburg, VA, United States, 23185-4046 and employs 9 people. Sotherly Hotels is listed under Diversified REITs category by Fama And French industry classification.

Management Performance

Sotherly Hotels Series Leadership Team

Elected by the shareholders, the Sotherly Hotels' board of directors comprises two types of representatives: Sotherly Hotels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sotherly. The board's role is to monitor Sotherly Hotels' management team and ensure that shareholders' interests are well served. Sotherly Hotels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sotherly Hotels' outside directors are responsible for providing unbiased perspectives on the board's policies.
Anthony CPA, Secretary VP
Ashley Kirkland, Corporate Officer
Lindsay Newport, VP Marketing
David CPA, Corporate Controller
Teresa Moran, Accounting Manager
David Folsom, President COO, Director
Scott Kucinski, IR Contact Officer
Andrew Sims, Chairman of the Board, CEO
Robert IV, General Counsel

Sotherly Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Sotherly Hotels a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

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When determining whether Sotherly Hotels Series offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sotherly Hotels' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sotherly Hotels Series Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sotherly Hotels Series Stock:
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Is Diversified REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sotherly Hotels. If investors know Sotherly will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sotherly Hotels listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.19)
Earnings Share
(1.66)
Revenue Per Share
9.299
Quarterly Revenue Growth
0.039
Return On Assets
0.0313
The market value of Sotherly Hotels Series is measured differently than its book value, which is the value of Sotherly that is recorded on the company's balance sheet. Investors also form their own opinion of Sotherly Hotels' value that differs from its market value or its book value, called intrinsic value, which is Sotherly Hotels' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sotherly Hotels' market value can be influenced by many factors that don't directly affect Sotherly Hotels' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sotherly Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Sotherly Hotels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sotherly Hotels' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.