Add-on Acquisition • Leisure

AccorHotels Acquires SBE Entertainment Group

On October 5, 2018, AccorHotels acquired leisure company SBE Entertainment Group from Colony Capital for 319M USD

Acquisition Context
  • This is AccorHotels’ 7th transaction in the Leisure sector.
  • This is AccorHotels’ 3rd largest (disclosed) transaction.
  • This is AccorHotels’ 4th transaction in the United States.
  • This is AccorHotels’ 1st transaction in California.

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M&A Deal Summary

Date October 5, 2018
Target SBE Entertainment Group
Sector Leisure
Buyer(s) AccorHotels
Sellers(s) Colony Capital
Deal Type Add-on Acquisition
Deal Value 319M USD
Advisor(s) Pryor Cashman (Legal)

Target Company

SBE Entertainment Group

Los Angeles, California, United States
SBE Entertainment Group LLC is a developer, manager and operater of hotels, restaurants and nightlife. SBE Entertainment Group was founded in 2002 and is based in Los Angeles, California.
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Buyer Overview 1

Buyer

AccorHotels

Issy-les-Moulineaux, France

Category Company
Founded 1967
Sector Leisure
Employees19,423
Revenue 5.6B EUR (2024)
DESCRIPTION

Accor is a worldwide provider in the lodging market, with approximately 4,000 hotels and 500,000 rooms, and brands including Sofitel, Novotel, and Motel 6, with significant real estate assets owned and managed. Accor was founded in 1967 and is based in Issy-les-Moulineaux, France.


Deal Context for Buyer #
Overall 19 of 20
Sector: Leisure 7 of 7
Type: Add-on Acquisition 18 of 19
State: California 1 of 1
Country: United States 4 of 4
Year: 2018 4 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 21c Museum Hotels

Louisville, Kentucky, United States

21c Museum Hotels combines a multi-venue contemporary art museum, boutique hotels, and chef-driven restaurants to create a new kind of travel experience. 21c Museum Hotels was founded in 2006 and is based in Louisville, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Potel et Chabot

Paris, France

Potel et Chabot is a catering and event organizer in France, United States and Russia. Potel et Chabot was founded in 1820 and is based in Paris, France.

Buy -

Seller Profile 1

SELLER

Colony Capital

Los Angeles, California, United States

Investor


Category Private Equity Real Estate
Founded 1991
Size Mega
Type Sector Focused
DESCRIPTION

Colony Capital is a global private equity real estate investor. The Firm looks to acquire operating companies backed by real estate including hotels, casinos, and other assets. The Firm was established in 1991 and is headquartered in Los Angeles, California.


Deal Context for Seller #
Overall 7 of 8
Sector: Leisure 2 of 2
Type: Add-on Acquisition 3 of 3
State: California 2 of 2
Country: United States 3 of 4
Year: 2018 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 etc.venues

London, United Kingdom

etc.venues is a provider of specialist non-residential, city center venues used for training, conferences, events, and meetings. etc.venues was formed in 1992 and is based in London.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-10 Alpine Summit Energy Partners

Nashville, Tennessee, United States

Alpine Summit Energy Partners is an energy investment management platform with a highly experienced technical and operating team to provide direct and unique investor access to oil and gas investment opportunities. Alpine Summit Energy Partners is based in Nashville, Tennessee.

Buy -