M&A Deal Summary |
|
|---|---|
| Date | 2022-12-12 |
| Target | Courtyard Houston-West University |
| Sector | Leisure |
| Buyer(s) | Commonwealth Hotels |
| Sellers(s) | Marriott |
| Deal Type | Divestiture |
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Commonwealth Hotels provides hotel management services with superior financial results. Commonwealth Hotels has extensive experience managing premium branded full service and select service hotels. Commonwealth Hotels currently manages 51 properties with over 6,000 rooms. Commonwealth Hotels was founded in 1986 and is based in Covington, Kentucky.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Leisure M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 2 of 2 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 2 of 2 |
| Year: 2022 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-12 |
Residence Inn Houston-West University
Houston, Texas, United States Residence Inn Houston-West University offers 120 spacious suites for the longer stay traveler with home-like amenities to ensure they can continue their daily routine on the road. Each suite has separate living and sleeping areas, fully equipped kitchens, and will accommodate guests for a few days or a few weeks, or longer. The hotel also offers complimentary grocery shopping service. Residence Inn Houston-West University is based in Houston, Texas. |
Buy | - |
Marriott is a worldwide operator, franchisor, and licensor of hotels and timeshare properties under numerous brand names at different price and service points. Marriott also operates, markets, and develops residential properties and provide services to home/condominium owner associations. Marriott was formed in 1927 and is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Leisure M&A | 4 of 4 |
| Type: Divestiture M&A Deals | 4 of 4 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 5 of 5 |
| Year: 2022 M&A | 3 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-12 |
Residence Inn Houston-West University
Houston, Texas, United States Residence Inn Houston-West University offers 120 spacious suites for the longer stay traveler with home-like amenities to ensure they can continue their daily routine on the road. Each suite has separate living and sleeping areas, fully equipped kitchens, and will accommodate guests for a few days or a few weeks, or longer. The hotel also offers complimentary grocery shopping service. Residence Inn Houston-West University is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-12 |
Postcard Cabins
New York, New York, United States Postcard Cabins is a designer and operator of tiny house rentals in beautiful rural areas just outside major cities. Postcard Cabins places their custom-built homes, each between 160 and 200 square feet, on secluded land in wooded, natural landscapes and rents them out by the night to those looking to easily escape their daily routines and experience the restorative benefits of nature. Postcard Cabins was founded in 2015 and is based in New York, New York. |
Buy | - |
