M&A Deal Summary |
|
|---|---|
| Date | 2017-12-18 |
| Target | WoodSpring Hotels Holdings - WoodSpring Suites Brand and Franchise Business |
| Sector | Restaurants |
| Buyer(s) | Choice Hotels |
| Sellers(s) | WoodSpring Hotels |
| Deal Type | Divestiture |
| Deal Value | 231M USD |
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| Category | Company |
|---|---|
| Founded | 1939 |
| Sector | Restaurants |
| Employees | 1,789 |
| Revenue | 1.4B USD (2022) |
Choice Hotels is an hotel company operates over 6,500 hotels franchised in more than 40 countries and territories, Choice Hotels International represents more than 500,000 rooms around the globe. As of September 30, 2017, over 800 hotels were in our development pipeline. Our company's Ascend Hotel Collection®, Cambria® Hotels, Comfort Inn®, Comfort Suites®, Sleep Inn®, Quality®, Clarion®, MainStay Suites®, Suburban Extended Stay Hotel®, Econo Lodge®, Rodeway Inn®, and Vacation Rentals by Choice Hotels™ brands provide a spectrum of lodging choices to meet guests' needs. Choice Hotels was incorporated in 1939 and is based in Rockville, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Restaurants) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Kansas) | 2 of 2 |
| Country (United States) | 2 of 3 |
| Year (2017) | 2 of 2 |
| Size (of disclosed) | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-12-18 |
WoodSpring Hotels
Wichita, Kansas, United States WoodSpring Hotels Holdings is a lodging company operating under the WoodSpring Suites and Value Place brands, provides management and accounting services for hotels and includes business units for development, construction and operation of company-owned hotels. |
Buy | $231M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-13 |
Radisson Hotels Americas
St Louis Park, Minnesota, United States Radisson Hotels Americas represents Radisson Hotels operations and brands in the United States, Canada, Latin America, and the Caribbean. The Radisson Hotel Group Americas portfolio of brands includes Radisson Collection, Radisson Blu, Radisson, Radisson RED, Radisson Individuals, Radisson Inn & Suites, Park Plaza, Park Inn by Radisson, and Country Inn & Suites by Radisson, brought together under the overarching Radisson Hotels Americas name. Radisson Hotels Americas is based in St Louis Park, Minnesota. |
Buy | $675M |
WoodSpring Hotels Holdings is a lodging company operating under the WoodSpring Suites and Value Place brands, provides management and accounting services for hotels and includes business units for development, construction and operation of company-owned hotels.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Restaurants) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
