M&A · Financials · Real Estate Investment Trusts
Joint Venture Backed by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners to acquire Sotherly Hotels Inc.
Announced Oct 27, 2025 · Closed Feb 18, 2026
Deal value$46MEV $349M
Premium152.7%To unaffected price
EV / Adj. EBITDA9.0x1.9x EV / Revenue
ConsiderationAll cash$2.25 per share
Transaction
- Acquirer
- Joint Venture Backed by Kemmons Wilson Hospitality Partners and Ascendant Capital Partners
- Target
- Sotherly Hotels Inc. (SOHO)
- Buyer type
- Private equity
- Offer price per share
- $2.25
- Enterprise value
- $349M
- Status
- Closed Feb 18, 2026
Deal protections
- Break fee (target pays)
- $4.0M · 8.7%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Piper Sandler
Sector context · Financials
- Comparable deals
- 59 in the prior 24 months
- Premium
- 152.7% vs. 33.5% sector median
- EV / Adj. EBITDA
- 9.0x vs. 13.1x sector median
- Break fee
- 8.7% vs. 3.7% sector median
Timeline
- AnnouncedOct 27, 2025
- Proxy filedDec 1, 2025
- Definitive proxyDec 12, 2025
- Shareholder voteJan 22, 2026
- ClosedFeb 18, 2026