Ascendant acquires 8-hotel Coastal Hospitality Portfolio
The beachfront portfolio includes high-quality branded hotels in high-demand markets.
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In short: Ascendant’s joint venture completed the Sotherly Hotels acquisition as Ascendant acquired Coastal’s eight-hotel portfolio.
The beachfront portfolio includes high-quality branded hotels in high-demand markets.
He brings hospitality value-enhancement experience and is based in New York.
The joint venture with KWHP acquired all outstanding shares for $2.25 per share cash, with Schulte Hospitality Group assuming operations of the 10-hotel portfolio.
The hotel was acquired in partnership with Highgate.
Ascendant Capital Partners secures a 965-room beachfront portfolio, partnering with Schulte Hospitality Group to manage legacy assets. Get the facts.
MEMPHIS, Tenn. and LOS ANGELES and WILLIAMSBURG, Va., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Kemmons Wilson Hospitality Partners (“KWHP”), a hospitality-focused investment management firm, together...
Sotherly Hotels Inc. (Nasdaq: SOHO) today announced that it has entered into a definitive merger agreement with a joint venture... Read More...
The California-based real estate manager hit the hard-cap on its second fund, which will target US hospitality and residential properties.
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