MEMPHIS, Tennessee, and LOS ANGELES, California, and WILLIAMSBURG, Virginia—Kemmons Wilson Hospitality Partners (KWHP), together with Ascendant Capital Partners (Ascendant), through their joint venture, KW Kingfisher LLC, and Sotherly Hotels Inc. (Sotherly), announced the completion of the definitive merger pursuant to which Sotherly was acquired by the joint venture. The previously announced definitive merger agreement, pursuant to which the joint venture acquired all outstanding shares of Sotherly common stock for $2.25 per share in cash, was […]

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