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Sotherly Hotels to Be Acquired in $2.25 Per Share Cash Deal Pending Final Approvals

2026-01-23 15:17:36| Hotel Resource

Sotherly Hotels Inc. stockholders have approved a merger with KW Kingfisher LLC, a joint venture led by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, under which all outstanding shares will be acquired for $2.25 per share in cash, pending satisfaction of closing conditions expected in the first quarter of 2026.


Category: Hospitality

 

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