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BTCC / BTCC Square / Global Cryptocurrency /
Sotherly Hotels Stock Surges 141% on Acquisition Deal

Sotherly Hotels Stock Surges 141% on Acquisition Deal

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-10-27 15:36:03
0
BTCCSquare news:

Sotherly Hotels (SOHO) shares skyrocketed 141% in pre-market trading after announcing a $2.25-per-share buyout by KW Kingfisher LLC, a joint venture between Kemmons Wilson Hospitality Partners and Ascendant Capital Partners. The offer represents a 152.7% premium to Friday's closing price.

The REIT's chairman Andrew Sims framed the acquisition as validation of Sotherly's two-decade portfolio strategy. Trading volume surged as investors reacted to the premium-priced exit opportunity, despite the stock's 35% annual decline prior to the announcement.

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