Sotherly Hotels Inc. Stockholders Approve Merger Transaction
WILLIAMSBURG, Va., Jan. 22, 2026 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ:SOHO) ("Sotherly" or the "Company") today announced that the stockholders of the Company voted to approve the merger (the "Merger") of the Company with KW Kingfisher LLC, 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 (collectively, the "Joint Venture"), under which the Joint Venture entity will acquire all outstanding shares of Sotherly common stock.The final voting results of the proposals voted on at the special meeting held on January 22, 2026, will be set forth in the Company's Form 8-K to be filed with the U.S. Securities and Exchange Commission.The Merger is subject to the satisfaction of closing conditions and is expected to close during the first quarter of 2026. Upon the closing, holders of the Company's common stock are expected to receive $2.25 per share in cash.About Sotherly Hotels Inc. Sotherly Hotels Inc. (NASDAQ:SOHO) is a self-managed and self-administered lodging real estate investment trust, or REIT, that was formed in August 2004 to own, acquire, renovate and reposition full-service, primarily upscale and upper-upscale hotel properties located in primary markets in the mid-Atlantic and southern United States. The Company owns ten full-service, primarily upscale and upper-upscale hotels located in seven states with an aggregate of 2,786 hotel rooms, and interests in two condominium hotels and their associated rental programs. For more information on the Company, please visit the Company's ...Full story available on Benzinga.com
