Sotherly Hotels Inc. — Director's Dealing 2007

Feb 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MHI Hospitality CORP (MDH)
CIK: 0001301236
Period of Report: 2007-02-22

Reporting Person: Beatty David (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-22	Common Stock	D	1500	—	Disposed	2036	Direct

Footnotes

F1: The securities were originally granted to the reporting person by the Issuer's Board of Directors pursuant to the Issuer's 2004 Long-Term Incentive Plan. The shares were restricted until December 31, 2007. Due to Mr. Beatty's resignation as Director, the stock award of 1,500 shares is terminated.