This $2.25-A-Share Deal Just Sent Sotherly Hotels Stock Soaring Over 140%
Sotherly Hotels Inc. (NASDAQ:SOHO) agreed to be acquired by a joint venture led by affiliates of Kemmons Wilson Hospitality Partners LP (KWHP), with Ascendant Capital Partners LP as a strategic partner. The venture’s entity, KW Kingfisher LLC, will buy all outstanding Sotherly common shares for $2.25 each in cash.
Benzinga ·