M&A Deal Summary

Beacon Investment Management Group Acquires Homewood Suites

On April 5, 2006, private equity real estate Beacon Investment Management Group acquired leisure company Homewood Suites

Acquisition Highlights
  • This is Beacon Investment Management Group’s 1st transaction in the Leisure sector.
  • This is Beacon Investment Management Group’s 2nd transaction in the United States.
  • This is Beacon Investment Management Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2006-04-05
Target Homewood Suites
Sector Leisure
Buyer(s) Beacon Investment Management Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Homewood Suites

Davidson, North Carolina, United States
Homewood Suites provides guests with spacious, upscale accommodations just two miles from Davidson College and Main Street and very close to the impressive Lake Norman. Homewood Suites is based in Davidson, North Carolina.

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Buyer(S) 1

Buyer

Beacon Investment Management Group

Charlotte, North Carolina, United States

Investor Investor Investor

Category Private Equity Real Estate
Founded 1995
Size Small
Type Sector Focused
DESCRIPTION

Beacon Investment Management Group (Beacon IMG) is a private investment firm and hotel management company that develops and operates hotels in the Southeastern United States. Beacon Investment Management was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 2 of 4
Sector (Leisure) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (North Carolina) 1 of 2
Country (United States) 2 of 3
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-24 FundsXpress

Austin, Texas, United States

FundsXpress, Inc. is a provider of online banking and bill payment services for consumers and small businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-05 Holiday Inn Express Hotel & Suites

Kannapolis, North Carolina, United States

Holiday Inn Express Hotel & Suites is conveniently located off of I-85 at Exit 60 in Kannapolis/Concord, where you get a complimentary breakfast bar and deluxe rooms close to stellar family attractions and outlet shopping.

Buy -
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