Kemmons Wilson and Ascendant JV completes acquisition of Sotherly Hotels (10 full-service Southeast
Value
Undisclosed
Location
Williamsburg (Sotherly HQ; portfolio is Southeast-focused), James City County, Virginia
Date
2026-02-12
Companies
Kemmons Wilson Hospitality Partners, Ascendant Capital Partners, KW Kingfisher LLC, Sotherly Hotels Inc., Schulte Hospitality Group, Apollo Global Management affiliates, Berkadia
Kemmons Wilson Hospitality Partners (KWHP) and Ascendant Capital Partners, through their joint venture KW Kingfisher LLC, completed the acquisition of Sotherly Hotels Inc. (Nasdaq: SOHO), purchasing all outstanding shares at $2.25 per share in cash following shareholder approval on January 22, 2026. Sotherly owns 10 full-service hotels and interests in two condo-hotels concentrated in Southeastern U.S. markets.
Source
Sotherly Hotels / Globe Newswire