M&A Deal Summary |
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Date | 2022-12-12 |
Target | Residence Inn Houston-West University |
Sector | Leisure |
Buyer(s) | Commonwealth Hotels |
Sellers(s) | Marriott |
Deal Type | Divestiture |
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Commonwealth Hotels provides hotel management services with superior financial results. Commonwealth Hotels has extensive experience managing premium branded full service and select service hotels. Commonwealth Hotels currently manages 51 properties with over 6,000 rooms. Commonwealth Hotels was founded in 1986 and is based in Covington, Kentucky.
DEAL STATS | # |
---|---|
Overall | 2 of 2 |
Sector (Leisure) | 2 of 2 |
Type (Divestiture) | 2 of 2 |
State (Texas) | 2 of 2 |
Country (United States) | 2 of 2 |
Year (2022) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-12-12 |
Courtyard Houston-West University
Houston, Texas, United States Courtyard Houston-West University offers 100 comfortable and serene guestrooms including a king bed with a sleeper sofa or two double beds perfect for the business traveler. Courtyard Houston-West University is based in Houston, Texas. |
Buy | - |
Marriott is a worldwide operator, franchisor, and licensor of hotels and timeshare properties under numerous brand names at different price and service points. Marriott also operates, markets, and develops residential properties and provide services to home/condominium owner associations. Marriott was formed in 1927 and is based in Bethesda, Maryland.
DEAL STATS | # |
---|---|
Overall | 5 of 5 |
Sector (Leisure) | 4 of 4 |
Type (Divestiture) | 4 of 4 |
State (Texas) | 2 of 2 |
Country (United States) | 5 of 5 |
Year (2022) | 3 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-12-12 |
Courtyard Houston-West University
Houston, Texas, United States Courtyard Houston-West University offers 100 comfortable and serene guestrooms including a king bed with a sleeper sofa or two double beds perfect for the business traveler. Courtyard Houston-West University is based in Houston, Texas. |
Sell | - |