M&A Deal Summary |
|
|---|---|
| Date | 2012-08-21 |
| Target | W Chicago - Lakeshore |
| Sector | Restaurants |
| Buyer(s) | Chesapeake Lodging Trust |
| Sellers(s) | Starwood Hotels & Resorts Worldwide |
| Deal Type | Divestiture |
| Deal Value | 126M USD |
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| Category | Company |
|---|---|
| Founded | 2009 |
| Sector | Real Estate |
| Employees | 13 |
| Revenue | 597M USD (2018) |
Chesapeake Lodging Trust is a self-advised lodging real estate investment trust (REIT) focused on investments primarily in upper-upscale hotels in major business and convention markets and, on a selective basis, premium select-service hotels in urban settings or unique locations in the United States. Chesapeake Lodging Trust was founded in 2009 and is based in Annapolis, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 6 |
| Sector (Restaurants) | 2 of 4 |
| Type (Divestiture) | 2 of 4 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 2 of 6 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-05-10 |
W Chicago City Center
Chicago,, Illinois, United States W Chicago City Center is a full-service, luxury property with modern guestrooms and suites, more than 12,000 square feet of meeting and event space, a SWEAT state-of-the-art fitness center, and the recently renovated IPO restaurant. |
Buy | $129M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-01 |
W New Orleans - French Quarter
New Orleans,, Louisiana, United States W New Orleans – French Quarter is ideally located at the heart of the city’s historic center, adjacent to Jackson Square and walking distance to boutiques, art galleries and jazz clubs. |
Buy | $26M |
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Leisure |
| Employees | 180,400 |
| Revenue | 5.8B USD (2015) |
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 | 6 of 21 |
| Sector (Restaurants) | 5 of 12 |
| Type (Divestiture) | 6 of 21 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 3 of 13 |
| Year (2012) | 1 of 2 |
| Size (of disclosed) | 5 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-12-06 |
Design Hotels AG
Berlin,, Germany Design Hotels(TM) represents and markets a curated selection of more than 200 independent hotels in over 40 countries across the globe.More than a collection of hotels, the company is a collection of stories. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-23 |
W Los Angeles - Westwood Hotel
Los Angeles, California, United States W Los Angeles is a full-service, luxury property with 258 modern, spacious suites a SWEAT state-of-the-art fitness center, a 7,000 square foot Bliss Spa. The Backyard restaurant and WET, a heated outdoor pool and the acclaimed NineThirty restaurant. |
Sell | $125M |
