M&A Deal Summary

Bluesky Hotels and Resorts Acquires InnVest Real Estate Investment Trust

On May 10, 2016, Bluesky Hotels and Resorts acquired real estate company InnVest Real Estate Investment Trust for 2.1B USD

Acquisition Highlights
  • This is Bluesky Hotels and Resorts’ 1st transaction in the Real Estate sector.
  • This is Bluesky Hotels and Resorts’ largest (disclosed) transaction.
  • This is Bluesky Hotels and Resorts’ 1st transaction in Canada.
  • This is Bluesky Hotels and Resorts’ 1st transaction in Ontario.

M&A Deal Summary
Date 2016-05-10
Target InnVest Real Estate Investment Trust
Sector Real Estate
Buyer(s) Bluesky Hotels and Resorts
Deal Type Add-on Acquisition
Deal Value 2.1B USD
Advisor(s) CIBC Capital Markets
Bayfield Strategy, Inc. (Financial)
Norton Rose Fulbright (Legal)

Target

InnVest Real Estate Investment Trust

Mississauga, Ontario, Canada
InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 109 hotels across Canada representing over 14,500 guest rooms operated under internationally recognized brands.

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Buyer(S) 1

Buyer

Bluesky Hotels and Resorts

Quebec, Canada
Category Company
Sector Real Estate
DESCRIPTION

Bluesky Hotels and Resorts is a privately-held Canadian corporation. Bluesky is focused on the development of a diversified asset portfolio of hotels, hospitality services, real-estate and other long-term holdings, and was formed to own and acquire hotels and other real-estate properties.

DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal