Sotherly Hotels agrees to be acquired by KW Kingfisher for $2.25 per share in cash

Sotherly Hotels Inc.

Cash consideration of $2.25 per common share; preferred holders may convert to common to receive same amount.
Total committed financing includes up to $350M debt, $65M mezzanine/equity, and $47M equity from Parent affiliates.
Merger expected to close in Q1 2026, subject to stockholder approval and customary conditions; no financing condition.
Company granted $25M revolving credit line from Kemmons Wilson Hospitality Partners II pending close (Term SOFR + 3.25% initial margin).
Termination fees: Company pays $4M, Parent pays $8M under specified circumstances.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.