M&A Deal Summary

Baywood Hotels Acquires Homewood Suites by Hilton Reading

On March 4, 2022, Baywood Hotels acquired leisure company Homewood Suites by Hilton Reading from Hilton

Acquisition Highlights
  • This is Baywood Hotels’ 1st transaction in the Leisure sector.
  • This is Baywood Hotels’ 1st transaction in the United States.
  • This is Baywood Hotels’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2022-03-04
Target Homewood Suites by Hilton Reading
Sector Leisure
Buyer(s) Baywood Hotels
Sellers(s) Hilton
Deal Type Divestiture

Target

Homewood Suites by Hilton Reading

Reading, Pennsylvania, United States
Homewood Suites by Hilton Reading offers guests and their pets all the comforts of home, whether traveling for work or leisure. Homewood Suites by Hilton Reading is based in Reading, Pennsylvania.

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Buyer(S) 1

Buyer

Baywood Hotels

Greenbelt, Maryland, United States

Category Company
Founded 1975
Sector Restaurants
DESCRIPTION

Baywood Hotels, Inc. is one of the fastest growing, privately owned hotel management companies.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Hilton

McLean, Virginia, United States

Category Company
Founded 1919
Sector Leisure
Employees178,000
Revenue 10.2B USD (2023)
DESCRIPTION
Hilton's corporate headquarters in McLean, Virginia.
Hilton's corporate headquarters in McLean, Virginia.

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was founded in 1919 and is based in McLean, Virginia.


DEAL STATS #
Overall 5 of 6
Sector (Leisure) 4 of 5
Type (Divestiture) 2 of 3
State (Pennsylvania) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 Park Hotels & Resorts

Tysons, Virginia, United States

Park Hotels & Resorts is a real estate investment trust with a diverse portfolio of hotels and resorts. Park’s portfolio currently consists of premium-branded hotels and resorts with over 30,000 rooms located in prime U.S. markets. Park Hotels & Resorts is based in Tysons, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-09 Homewood Suites by Hilton Little Rock Downtown

Little Rock, Arkansas, United States

Homewood Suites by Hilton Little Rock Downtown is an operator of a six-story, extended-stay hotel with 116 suites. Homewood Suites by Hilton Little Rock Downtown is based in Little Rock, Arkansas.

Sell -