M&A Deal Summary |
|
|---|---|
| Date | 2011-05-10 |
| Target | W Chicago City Center |
| Sector | Restaurants |
| Buyer(s) | Chesapeake Lodging Trust |
| Sellers(s) | Starwood Hotels & Resorts Worldwide |
| Deal Type | Divestiture |
| Deal Value | 129M 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 | 1 of 6 |
| Sector (Restaurants) | 1 of 4 |
| Type (Divestiture) | 1 of 4 |
| State (Illinois) | 1 of 2 |
| Country (United States) | 1 of 6 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-21 |
W Chicago - Lakeshore
Chicago, Illinois, United States W Chicago - Lakeshore is a full-service, luxury property with deluxe guest rooms, more than 12,000 square feet of meeting and event space, a SWEAT state-of-the-art fitness center, a 9,600 square foot Bliss Spa and the acclaimed Wave restaurant. |
Buy | $126M |
| 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 | 5 of 21 |
| Sector (Restaurants) | 4 of 12 |
| Type (Divestiture) | 5 of 21 |
| State (Illinois) | 1 of 2 |
| Country (United States) | 2 of 13 |
| Year (2011) | 2 of 2 |
| Size (of disclosed) | 4 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-06 |
The Westin San Diego Gaslamp Quarter
San Diego,, California, United States The hotel offers 450 guest rooms, including eight suites, and more than 27,000 square feet of indoor meeting space including a 9,000 square foot ballroom and outdoor function space. |
Sell | $110M |
| 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 | - |
