M&A Deal Summary

Host Hotels & Resorts Acquires Manchester Grand Hyatt San Diego

On March 24, 2011, Host Hotels & Resorts acquired restaurant Manchester Grand Hyatt San Diego for 570M USD

Acquisition Highlights
  • This is Host Hotels & Resorts’ 4th transaction in the Restaurants sector.
  • This is Host Hotels & Resorts’ largest (disclosed) transaction.
  • This is Host Hotels & Resorts’ 2nd transaction in the United States.
  • This is Host Hotels & Resorts’ 1st transaction in California.

M&A Deal Summary
Date 2011-03-24
Target Manchester Grand Hyatt San Diego
Sector Restaurants
Buyer(s) Host Hotels & Resorts
Deal Type Add-on Acquisition
Deal Value 570M USD

Target

Manchester Grand Hyatt San Diego

San Diego, California, United States
The Manchester Grand Hyatt San Diego has a premier waterfront location adjacent to the city's Convention Center. The hotel has approximately 125,000 net square feet of meeting space, including a 34,000 square foot finished exhibit hall, additional ballrooms of 30,000 and 25,000 net square feet, a junior ballroom of 10,000 net square feet, and 41 breakout rooms.

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Buyer(S) 1

Buyer

Host Hotels & Resorts

Bethesda, Maryland, United States
Category Company
Sector Real Estate
Employees163
Revenue 5.3B USD (2023)
DESCRIPTION

Host Hotels & Resorts is a premier lodging real estate company. Company own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance. Host Hotels & Resorts is based in Bethesda, Maryland.

DEAL STATS #
Overall 5 of 9
Sector (Restaurants) 4 of 6
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 1
Country (United States) 2 of 5
Year (2011) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-24 The New York Helmsley Hotel

United States

The New York Helmsley Hotel benefits from its oversized guestrooms and close proximity to Grand Central Station, the United Nations Headquarters, the Midtown Tunnel and the Chrysler Building.

Buy $314M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 Hyatt Place

New York, New York, United States

Hyatt Place is a hotel with 520 guestrooms and features one food and beverage outlet, a fitness center, and 961 square feet of meeting space. Hyatt Place was founded in 2019 and in New York.

Buy $139M
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