Sotherly Hotels Inc. to be Acquired by Joint Venture Backed by Kemmons Wilson Hospitality ...

Sotherly Hotels Inc. to be Acquired by Joint Venture Backed by Kemmons Wilson Hospitality ...

WILLIAMSBURG, Va., Oct. 27, 2025 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (Nasdaq: SOHO) (“Sotherly” or the “Company”) today announced that it has entered into a definitive merger agreement (the “Merger Agreement”) with a joint venture led and sponsored by affiliates…

Sotherly Hotels to be Acquired by Joint Venture Backed by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners

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Sotherly Hotels Enters Merger Agreement With Joint Venture

WILLIAMSBURG, Virginia—Sotherly Hotels Inc. announced that it has entered into a definitive merger agreement with a joint venture led and sponsored by affiliates of Kemmons Wilson Hospitality Partners, LP, with Ascendant Capital Partners LP serving as a strategic joint venture partner, under which the joint venture entity, KW Kingfisher LLC, will acquire all outstanding shares of Sotherly common stock for $2.25 per share in cash (the “Merger Con…

JV To Acquire Lodging REIT Sotherly At 153% Premium

Upscale lodging REIT Sotherly Hotels is being acquired by a joint venture of Kemmons Wilson Hospitality Partners and Ascendant Capital Partners in a deal valuing the REIT at about $46.1M.