M&A Deal Summary

Denver Hospitality Acquires Element Denver Park Meadows

On July 7, 2015, Denver Hospitality acquired restaurant Element Denver Park Meadows from Starwood Hotels & Resorts Worldwide for 16M USD

Acquisition Highlights
  • This is Denver Hospitality’s 1st transaction in the Restaurants sector.
  • This is Denver Hospitality’s largest (disclosed) transaction.
  • This is Denver Hospitality’s 1st transaction in the United States.
  • This is Denver Hospitality’s 1st transaction in Colorado.

M&A Deal Summary
Date 2015-07-07
Target Element Denver Park Meadows
Sector Restaurants
Buyer(s) Denver Hospitality
Sellers(s) Starwood Hotels & Resorts Worldwide
Deal Type Divestiture
Deal Value 16M USD

Target

Element Denver Park Meadows

Lone Tree,, Colorado, United States
Element Denver Park Meadows operates as a hotel in Colorado. Element Denver Park Meadows is located just south of Denver with easy access to downtown businesses, shopping, dining and entertainment via the nearby RTD light rail line.

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Buyer(S) 1

Buyer

Denver Hospitality

Lonetree, Colorado, United States
Category Company
Sector Restaurants
DESCRIPTION

Denver Hospitality LLC operates as a hotel in Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Starwood Hotels & Resorts Worldwide

Stamford, Connecticut, United States
Category Company
Founded 1969
Sector Leisure
Employees180,400
Revenue 5.8B USD (2015)
DESCRIPTION

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 20 of 21
Sector (Restaurants) 12 of 12
Type (Divestiture) 20 of 21
State (Colorado) 1 of 1
Country (United States) 13 of 13
Year (2015) 3 of 4
Size (of disclosed) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 The Phoenician

Scottsdale,, Arizona, United States

The Phoenician, a Luxury Collection Resort boasts a scenic 300-acre setting at the base of Camelback Mountain. The AAA Five-Diamond, Forbes Four-Star rated Phoenician is ideally located in one of the premium resort markets in the southwest, within close proximity of the nightlife, galleries, museums and businesses of downtown Scottsdale.

Sell $400M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Vistana Signature Experiences

Vistana Signature Experiences, Inc. is a developer marketer and manager of 22 high-end vacation ownership resorts with more than 220,000 owners and a world-class team of more than 5,000 associates.

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