David Folsom

Dave Folsom is President & CEO of Sotherly Hotels, Inc. Mr. Folsom joined Sotherly in 2006, serving as President & COO until assuming his current role in early 2020. Before joining the Sotherly team, Mr. Folsom served as Vice President of Paragon Real Estate, a Cleveland-based early-stage commercial real estate venture specializing in the acquisition and renovation of multifamily assets. Prior to his tenure at Paragon, Mr. Folsom spent several years as an investment banker at BB&T Capital Markets, where he served on the lead underwriting team in MHI’s initial public offering in 2004. While at BB&T, Mr. Folsom participated in more than 70 equity, debt and preferred stock underwritings, as well as financial advisory transactions across many industries. He acted concurrently in the Real Estate Securities Group and Debt Capital Markets Group while at BB&T. Mr. Folsom served as a commissioned officer in the U.S. Marine Corps, is a graduate of the U.S. Naval Academy and received his master’s degree in business from Georgetown University. He currently serves as Executive Director of the Georgetown MBA Alumni Advisory Council and acts as adjunct professor at the Mason School of Business at The College of William & Mary.