M&A Deal Summary

Al Rayyan Tourism Investment Acquires The Manhattan at Times Square Hotel

On December 2, 2014, Al Rayyan Tourism Investment acquired restaurant The Manhattan at Times Square Hotel

Acquisition Highlights
  • This is Al Rayyan Tourism Investment’s 3rd transaction in the Restaurants sector.
  • This is Al Rayyan Tourism Investment’s 2nd transaction in the United States.
  • This is Al Rayyan Tourism Investment’s 1st transaction in New York.

M&A Deal Summary
Date 2014-12-02
Target The Manhattan at Times Square Hotel
Sector Restaurants
Buyer(s) Al Rayyan Tourism Investment
Deal Type Add-on Acquisition

Target

The Manhattan at Times Square Hotel

New York,, New York, United States
The Manhattan at Times Square Hotel operates as a hotel in New York, offers rooms and guest suites. The company’s amenities include public spaces, a business center, a fitness center, and a restaurant; and multilingual concierge services.

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Buyer(S) 1

Buyer

Al Rayyan Tourism Investment

Doha,, Qatar
Category Company
Founded 2003
Sector Real Estate
DESCRIPTION

Al Rayyan Tourism Investment Company develops, acquires, and leases real estate properties in the hospitality sector.

DEAL STATS #
Overall 4 of 6
Sector (Restaurants) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2014) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 The St. Regis Bal Harbour Resort

Miami Beach, Florida, United States

The St. Regis Bal Harbour Resort is located directly opposite the luxurious Bal Harbour Shops and near Miami’s vibrant South Beach. The 27-story oceanfront property features 207 elegant rooms and suites.

Buy $213M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Boscolo Aleph Roma

Rome, Italy

The Boscolo Aleph Hotel in Rome is ARTIC’s latest luxury hotel, comprises 96 rooms and suites over six floors, a roof garden, Spa and a range of hospitality and dining facilities.

Buy -
Mergr

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