M&A Deal Summary |
|
|---|---|
| Date | 2013-04-01 |
| Target | W New Orleans - French Quarter |
| Sector | Restaurants |
| Buyer(s) | Chesapeake Lodging Trust |
| Sellers(s) | Starwood Hotels & Resorts Worldwide |
| Deal Type | Divestiture |
| Deal Value | 26M 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 | 3 of 6 |
| Sector (Restaurants) | 3 of 4 |
| Type (Divestiture) | 3 of 4 |
| State (Louisiana) | 1 of 2 |
| Country (United States) | 3 of 6 |
| Year (2013) | 1 of 2 |
| Size (of disclosed) | 5 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-25 |
W New Orleans
New Orleans, Louisiana, United States W New Orleans operates as a hotel in Louisiana. It offers guest rooms and amenities that include business services, recreation and entertainment facilities. |
Buy | $65M |
| 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 | 8 of 21 |
| Sector (Restaurants) | 7 of 12 |
| Type (Divestiture) | 8 of 21 |
| State (Louisiana) | 1 of 2 |
| Country (United States) | 5 of 13 |
| Year (2013) | 1 of 4 |
| Size (of disclosed) | 11 of 14 |
| 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 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-25 |
W New Orleans
New Orleans, Louisiana, United States W New Orleans operates as a hotel in Louisiana. It offers guest rooms and amenities that include business services, recreation and entertainment facilities. |
Sell | $65M |
