---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-056144"
form_type: "8-K"
ticker: "SOHOO"
cik: "0001301236"
company_name: "Sotherly Hotels Inc."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T01:58:03.461746+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sotherly Hotels completes acquisition by KW Kingfisher; shareholders get $2.25/share

## Summary
- Merger closed Feb 12, 2026; each common share converted to $2.25 cash, no interest.
- Preferred stock holders (Series B, C, D) may convert to common and receive same $2.25/share by March 20, 2026.
- Company delisted from Nasdaq; Form 25 filed Feb 13, 2026.
- Apollo loan of $308M (3-yr term, two 1-yr extensions) and Ascendant mezzanine loan of $45M (4-yr term) close same day.
- New directors (Schmidt, Pellum, Schulte) appointed; Schmidt named CEO, Pellum CFO; Schulte Hospitality becomes property manager.

## SEC filing metadata
- accession: 0001193125-26-056144
- form_type: 8-K
- ticker: SOHOO
- cik: 0001301236
- company_name: Sotherly Hotels Inc.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/0001193125-26-056144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/d107217d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-056144
- JSON: https://secwatch.observer/filing/0001193125-26-056144.json
- Plain text: https://secwatch.observer/filing/0001193125-26-056144.txt

## Source-grounded claims
- claim_id: 227395ed5df3f386a4259b090869a6ddbd7b094b
  claim: Sotherly Hotels Inc. incurred term loan of $308 million with Apollo Global Management affiliates maturing February 12, 2029.
  evidence_excerpt: The Apollo Loan Agreement provides for a loan amount of $308 million, with an initial maturity date of February 12, 2029, with two (2) extension options of one (1) year each, subject to the satisfaction of certain extension conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/0001193125-26-056144-index.htm
- claim_id: a2f82254397e5c6a4aef94de67f64865645f7bbb
  claim: Sotherly Hotels Inc. incurred loan of up to $45 million with Ascendant Capital Partners LP affiliate maturing February 12, 2030.
  evidence_excerpt: The Mezzanine Loan Agreement provides for a loan amount of up to $45 million, with an initial maturity date of February 12, 2030, with one (1) extension option of (1) year, subject to the satisfaction of certain extension conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/0001193125-26-056144-index.htm
- claim_id: 0ad7b8c33154d365340ff7a43bcf98caa206616b
  claim: Sotherly Hotels Inc.: Amended and restated bylaws to remove director age minimum, independence board majority requirement, and CEO-director requirement; clarified nomination procedures through Nominating and Corporate Governance Committee (effective 2026-02-12).
  evidence_excerpt: On February 12, 2026, the Board of Directors of the Company approved the amendment and restatement of the Company’s Third Amended and Restated Bylaws (as amended and restated, the “ Bylaws ”). The changes remove legacy provisions describing (i) a minimum age requirement for directors; (ii) a requirement that at least one-half of the Board meet independence standards defined by the Board and applicable Nasdaq rules, and (iii) a requirement specifying that one director shall be the Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/0001193125-26-056144-index.htm
- claim_id: 1ceab111a396ef2472155457406035d676f14d28
  claim: Sotherly Hotels Inc. underwent a change of control involving KW Kingfisher LLC for $2.25 per share (closed 2026-02-12).
  evidence_excerpt: ”) issued and outstanding immediately before the Effective Time (other than Cancelled Shares) was automatically converted into the right to receive an amount in cash equal to $2.25 per share, without interest (the “ Per Company Share Merger Consideration ,” and in the aggregate, the “ Merger Consideration ”); (B) each share of the Company’s 8.0% Series B
  evidence_url: https://www.sec.gov/Archives/edgar/data/1301236/000119312526056144/0001193125-26-056144-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.