M&A Deal Summary

Al Rayyan Tourism Investment Acquires The St. Regis Bal Harbour Resort

On January 22, 2014, Al Rayyan Tourism Investment acquired leisure company The St. Regis Bal Harbour Resort from Starwood Hotels & Resorts Worldwide for 213M USD

Acquisition Highlights
  • This is Al Rayyan Tourism Investment’s 1st transaction in the Leisure sector.
  • This is Al Rayyan Tourism Investment’s largest (disclosed) transaction.
  • This is Al Rayyan Tourism Investment’s 1st transaction in the United States.
  • This is Al Rayyan Tourism Investment’s 1st transaction in Florida.

M&A Deal Summary
Date 2014-01-22
Target The St. Regis Bal Harbour Resort
Sector Leisure
Buyer(s) Al Rayyan Tourism Investment
Sellers(s) Starwood Hotels & Resorts Worldwide
Deal Type Divestiture
Deal Value 213M USD

Target

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.

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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 3 of 6
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 3
Year (2014) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-06 Maritim Hotel Berlin

Berlin, Germany

Maritim Hotel Berlin offers 505 rooms and event facilities for up to 5,500 people in 49 rooms. The Hotel was designed by renowned architect Jan Kleihues in 1930s art deco style.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 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.

Buy -

Seller(S) 1

SELLER

Starwood Hotels & Resorts Worldwide

Stamford, Connecticut, United States
Category Company
Founded 1969
Sector Leisure
Employees180,400
Revenue 5.8B USD (2015)
DESCRIPTION

Starwood Hotels & Resorts Worldwide, Inc. is a hotel and leisure company with more than 1,270 properties in some 100 countries and over 180,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences under the renowned brands: St. Regis, The Luxury Collection, W, Design Hotels, Westin®, Le Méridien, Sheraton, Four Points by Sheraton, Aloft, Element, and the recently introduced Tribute Portfolio™. Starwood was formed in 1969 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 12 of 21
Sector (Leisure) 2 of 9
Type (Divestiture) 12 of 21
State (Florida) 1 of 1
Country (United States) 9 of 13
Year (2014) 1 of 6
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 Westin San Francisco Airport

Millbrae,, California, United States

The Westin San Francisco Airport features 397 guestrooms, 22,000 square feet of meeting space, a fitness center, an indoor pool and whirlpool, a business center, and Grill & Vine restaurant.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-08 Aloft Tucson University Hotel

Tucson, Arizona, United States

Aloft Tucson University Hotel operates as a hotel. Amenities include an outdoor Splash pool, the brand’s signature bar, a 24-hour fitness center and 1,723 square feet of flexible meeting space, ideal for both business meetings and social gatherings.

Sell $19M
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