Kemmons Wilson Hospitality Partners and Ascendant Capital Partners, through their joint venture KW Kingfisher LLC, have completed the acquisition of Sotherly Hotels Inc. for $2.25 per share in cash. The deal was approved by Sotherly stockholders following a recommendation from the company’s board and a special committee of independent directors. As part of the transaction, Schulte Hospitality Group will take over management of Sotherly's portfolio, which includes 10 full-service hotels and one condo-hotel management agreement. Additionally, the founders of Schulte Hospitality Group have invested alongside the acquiring investor group, further aligning interests with the ownership of the Sotherly portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sotherly Hotels Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9653745-en) on February 12, 2026, and is solely responsible for the information contained therein.