M&A Deal Summary |
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|---|---|
| Date | 2015-09-30 |
| Target | BuyEfficient |
| Sector | Internet Software and Services |
| Buyer(s) | Avendra |
| Sellers(s) | Sunstone Hotel Investors |
| Deal Type | Divestiture |
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Avendra LLC is a hospitality procurement services provider and hospitality expertise, purchasing power, services and software to help more than 8,000 customers impact the bottom line, improve operational performance, and better serve guests. Avendra LLC was founded in 2000 and is based in Rockville, Maryland
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2015 M&A | 1 of 1 |
| Category | Company |
|---|---|
| Sector | Real Estate |
| Employees | 36 |
| Revenue | 906M USD (2024) |
Sunstone Hotel Investors is a lodging real estate investment trust (REIT) that, as of the date hereof, has interests in 30 hotels comprised of 14,313 rooms primarily in the upper-upscale segment operated under nationally recognized brands such as Marriott, Hyatt, Hilton, Starwood, and Fairmont. Sunstone Hotel Investors is based in Aliso Viejo, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Internet Software and Services M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2015 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-13 |
The Royal Palm
Miami, Florida, United States The Royal Palm is a 410-room beachfront hotel located in Miami Beach, Florida in the heart of South Beach, one of the most desirable lodging markets in the United States. The Hotel is ideally located on Collins Avenue between 15th and 16th Streets, within very close proximity of the most popular South Beach tourist attractions, including the Lincoln Road shopping district, historic Ocean Drive, and the Miami Beach Convention Center. The Royal Palm is managed by the Denihan Hospitality Group and is in the process of being renovated to the standards of a luxury boutique hotel. Upon completion, which is scheduled for late 2012, the hotel will be rebranded The James Royal Palm. |
Sell | $130M |
