Sotherly Hotels Partners with Kemmons Wilson in Strategic Acquisition Deal

Sotherly Hotels Inc. has entered a definitive merger agreement with a joint venture led by Kemmons Wilson, marking a significant strategic move in the hospitality sector.

• The merger agreement involves Sotherly Hotels Inc. teaming up with a joint venture led by Kemmons Wilson Hospitality Partners, LP, aiming to enhance operational capabilities.
• Ascendant Capital Partners LP is also part of the joint venture, which is expected to leverage synergies in the hospitality industry for growth and expansion.
• Sotherly Hotels Inc. trades on the Nasdaq, highlighting its public market presence and the potential impact of this merger on its LP record and shareholder value.