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Sotherly Hotels revises full-year guidance

Sotherly Hotels Inc. revised its full-year guidance for 2017 on account of market conditions and renovations at its U.S. properties.

The company revised its guidance for expected funds from operations per share and unit for the current year to between $1.03 and $1.10, from the previous range of $1.07 to $1.12.

The expected range for adjusted FFO available to holders per common share and unit stayed the same, at $1.02 to $1.10.