Schulte Hospitality, a top hotel operator, is set to take over the management of the entire Sotherly Portfolio. This includes a total of X hotels across different locations. This move is expected to significantly strengthen Schulte Hospitality's presence in the sector. The transition of management will affect a considerable number of employees and guests at these hotels. The agreement between the two companies marks a pivotal moment for both parties involved, with Schulte Hospitality gaining access to a diverse range of hotel properties to manage.