Sotherly Hotels to be purchased by JV KW Kingfisher for $2.25 per share in cash
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 27 2025
0mins
Merger Agreement: Sotherly Hotels has entered into a merger agreement with a joint venture led by Kemmons Wilson Hospitality Partners, where KW Kingfisher LLC will acquire all outstanding shares of Sotherly common stock for $2.25 per share in cash.
Premium Offer: The acquisition price represents a significant premium of 152.7% over Sotherly's closing share price on October 24, 2025, and a 126.4% premium to the average share price over the previous 30 days.
Board Approval: The merger has been unanimously approved by Sotherly's board of directors, following a recommendation from a special committee of independent directors, with major stockholder Andrew Sims agreeing to vote in favor of the transaction.
Transaction Timeline: The merger is expected to close in the first quarter of 2026, pending approval from Sotherly stockholders and customary closing conditions, and the company will not hold a conference call for its financial results for the quarter ended September 30.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 108.170
Low
136.00
Averages
164.45
High
182.00
Current: 108.170
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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