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Sotherly Hotels to be Acquired by Joint Venture for $2.25 Per Share in Cash.
ByAinvest
Monday, Oct 27, 2025 6:37 am ET1min read
Sotherly Hotels Inc. has entered into a definitive merger agreement with a joint venture led by Kemmons Wilson Hospitality Partners and backed by Ascendant Capital Partners. Under the terms of the agreement, stockholders will receive $2.25 per share of common stock in cash, representing the highest premium paid for a public, exchange-traded REIT in the past five years. The merger is expected to be completed in the first half of 2026.
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