Georgian Terrace Lodge in Atlanta – Picture Credit score Sotherly Lodges
Sotherly Lodges Inc. stockholders have authorised a merger with KW Kingfisher LLC, a three way partnership led by Kemmons Wilson Hospitality Companions and Ascendant Capital Companions, underneath which all excellent shares might be acquired for $2.25 per share in money, pending satisfaction of closing situations anticipated within the first quarter of 2026.
Sotherly Lodges Inc. introduced on January 22, 2026, that its stockholders had authorised a proposed merger with KW Kingfisher LLC. KW Kingfisher is a three way partnership led by associates of Kemmons Wilson Hospitality Companions, LP, with Ascendant Capital Companions LP as a strategic accomplice. The approval was given at a particular assembly of stockholders held on the identical day. The ultimate voting outcomes might be detailed in a Kind 8-Okay submitting with the U.S. Securities and Trade Fee.
Merger Particulars and Subsequent Steps
Underneath the phrases of the merger settlement, the three way partnership will purchase all of Sotherly Lodges’ excellent frequent inventory. Stockholders are anticipated to obtain $2.25 per share in money upon the closing of the transaction. The merger stays topic to the satisfaction of closing situations, and the corporate expects the transaction to shut throughout the first quarter of 2026.
Firm Background
Sotherly Lodges Inc. is a self-managed and self-administered actual property funding belief (REIT) that was established in August 2004. The corporate focuses on proudly owning, buying, renovating, and repositioning full-service, primarily upscale and upper-upscale resort properties. Its portfolio consists of 10 full-service inns in 7 states, totaling 2,786 rooms, in addition to pursuits in 2 condominium inns and their related rental applications. Sotherly Lodges’ properties are primarily situated within the mid-Atlantic and southern United States.
Sotherly Lodges famous that the merger’s completion is contingent on assembly sure closing situations.
