Sotherly Hotels surges after agreeing to $2.25/share acquisition

Sotherly Hotels

27/10/2025 11:13

** 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))