On October 27, 2025, at 7:11 AM ET, Sotherly Hotels Inc. announced that it has agreed to be acquired by a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners.
The acquisition deal values Sotherly Hotels at $2.25 per share in cash, according to the companies’ statement on Monday.
Following the announcement, the news sparked a rally in premarket trading activity.
https://seekingalpha.com/news/4508530-sotherly-hotels-soars-on-deal-to-be-acquired-by-kemmons-wilsonled-jv-for-225-per-share-in-cash?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news