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Georgian Terrace Hotel Georgian Terrace Hotel at the corner of Peachtree Street in Atlanta. Photo: Billy F. Blume Jr./Shutterstock.com.

As some industries begin to recover from the collateral consequences of the COVID-19 coronavirus pandemic, others continue to struggle for survival. 

Sotherly Hotels Inc. falls into the latter category. The Williamsburg, Virginia-based real estate investment trust company has been hemorrhaging money. Now, its executives, including newly appointed general counsel Robert Kirkland, have agreed to give up a portion of their salaries. 

Phillip Bantz

Phillip Bantz is a reporter for Corporate Counsel. Follow him on Twitter @PhillipBantz.

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