AcquisitionFeb 12, 2026Completed
🇺🇸 United States
SHSotherly Hotels Inc.KKKW Kingfisher LLC (Kemmons Wilson Hospitality Partners and Ascendant Capital Partners joint venture)
Real Estate › REITs
Deal valueUndisclosed
AnnouncedFeb 12, 2026
ConsiderationCash
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
A joint venture of Kemmons Wilson Hospitality Partners and Ascendant Capital Partners agreed to acquire Sotherly Hotels Inc. for $2.25 per share in cash.
Deal rationale
The acquisition expands KWHP's and Ascendant's hospitality portfolios in strategic Southeastern U.S. submarkets with established demand.
AI-generated from the SEC filingCompletedReal Estate › REITsUnited StatesNorth America
Timeline
- AnnouncedFeb 12, 2026Filing
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash |
Advisors
Buy-side
BBerkadia
Sell-side
PSPiper Sandler
Parties
Target
SHSotherly Hotels Inc.
- Headquarters
- United States
- Ticker
- SOHO
Acquirer
KKKW Kingfisher LLC (Kemmons Wilson Hospitality Partners and Ascendant Capital Partners joint venture)
- Headquarters
- United States
- Ticker
- —