M&A Deal Summary

Travel + Leisure Acquires Dolce Hotels and Resorts

On February 2, 2015, Travel + Leisure acquired leisure company Dolce Hotels and Resorts from Cambria Group for 56M USD

Acquisition Highlights
  • This is Travel + Leisure’s 9th transaction in the Leisure sector.
  • This is Travel + Leisure’s 5th largest (disclosed) transaction.
  • This is Travel + Leisure’s 6th transaction in the United States.
  • This is Travel + Leisure’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2015-02-02
Target Dolce Hotels and Resorts
Sector Leisure
Buyer(s) Travel + Leisure
Sellers(s) Cambria Group
Deal Type Add-on Acquisition
Deal Value 56M USD

Target

Dolce Hotels and Resorts

Rockleigh, New Jersey, United States
website
Dolce's portfolio of hotels, resorts, conference centers and day meeting centers offer 750,000 square feet of meeting space, host approximately 100,000 events and welcome four million meeting clients each year. The Dolce system includes meeting and resort destinations around the world in markets such as the Napa Valley and Aspen in North America and international locations such as Barcelona, Brussels, Munich, Frankfurt, Paris and Provence.These locations will complement the expanding presence of Wyndham Grand meeting destinations in markets such as Chicago, Miami, Berlin, Doha, Hangzhou and Xian, China, giving meeting planners a wide array of options within the same system.

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Buyer(S) 1

Buyer

Travel + Leisure

Orlando, Florida, United States

website

Category Company
Founded 1990
Sector Leisure
Employees15,500
Revenue 3.6B USD (2022)
DESCRIPTION
Wyndham's corporate headquarters in Orlando, Florida.
Wyndham's corporate headquarters in Orlando, Florida.

Travel + Leisure is a large hospitality company with operations across six continents. Wyndham offers individual consumers and business customers a broad array of hospitality products and services, as well as various accommodation alternatives and price, ranges through a portfolio of brands. Travel + Leisure was founded in 1990 and is based in Orlando, Florida.

DEAL STATS #
Overall 10 of 14
Sector (Leisure) 9 of 13
Type (Add-on Acquisition) 10 of 13
State (New Jersey) 1 of 1
Country (United States) 6 of 8
Year (2015) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Cumbrian Cottages

Carlisle, United Kingdom

Cumbrian Cottages Ltd. s a provider of lake district cottages available, with over 1,200 holiday cottages, houses, lodges and apartments.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Vacation Palm Springs Real Estate

Palm Springs, California, United States

Vacation Palm Springs Real Estate, Inc. is a provider of vacation homes and condos for rent and sale. Vacation Palm Springs Real Estate, Inc. was established in 2001 and is headquartered in Palm Springs, California.

Buy -

Seller(S) 1

SELLER

Cambria Group

Dallas, Texas, United States

Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

The Cambria Group is a private equity firm that targets investments in small and mid-sized companies. Cambria prefers control investment situations where the firm can invest up to $5 million in businesses valued less than $25 million. Target companies typically generate sales up to $50 million and operate in the manufacturing, processing, distribution, transportation, or service sectors. Cambria will not invest in retail, technology, or healthcare. The Cambria Group was formed in 1996 and is based in Dallas, Texas.

DEAL STATS #
Overall 11 of 15
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 7 of 9
State (New Jersey) 1 of 1
Country (United States) 11 of 15
Year (2015) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-09 WebEquity Solutions

Omaha, Nebraska, United States

WebEquity Solutions LLC is a provider of on-demand lending software solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Eyewitness Surveillance

Hanover, Maryland, United States

Eyewitness Surveillance provides remote, interactive security surveillance and monitoring services to commercial businesses and currently specializes in automotive dealerships. Eyewitness installs digital cameras and a two-way audio system at the client site and then monitors the properties remotely from its in-house central station. Eyewitness Surveillance was founded in 2004 and is based in Hanover, Maryland.

Sell -
Mergr

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