BUZZ-Sotherly Hotels surges after agreeing to $2.25/share acquisition

Reuters

2025/10/27

BUZZ-<a href="https://laohu8.com/S/SOHON">Sotherly Hotels</a> surges after agreeing to $2.25/share acquisition

** Shares of Sotherly Hotels SOHO.O jump 135% to $2 premarket

** SOHO to be acquired by joint venture backed by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners

** Co to be bought out for $2.25/share in cash, valuing the firm at about $46.1 million

** The offer reflects a 152.7% premium to Sotherly's October 24 closing price

** The merger is expected to close in Q1 2026, pending shareholder approval and customary conditions

** Stock down 4.4% YTD, as of last close

(Reporting by Apratim Sarkar in Bengaluru)

((Apratim.Sarkar@thomsonreuters.com))

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