M&A Deal Summary

Hyatt Acquires Royal Palms Resort and

On June 20, 2016, Hyatt acquired internet software and services company Royal Palms Resort and

Acquisition Highlights
  • This is Hyatt’s 1st transaction in the Internet Software and Services sector.
  • This is Hyatt’s 2nd transaction in the United States.
  • This is Hyatt’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-06-20
Target Royal Palms Resort and
Sector Internet Software and Services
Buyer(s) Hyatt
Deal Type Add-on Acquisition

Target

Royal Palms Resort and

Phoenix, Arizona, United States
Royal Palms Resort and Spa is an online hotel booking platform that offers accommodations, recreation and information on weddings and celebrations.

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Buyer(S) 1

Buyer

Hyatt

Chicago, Illinois, United States
Category Company
Founded 1957
Sector Leisure
Employees51,000
Revenue 6.7B USD (2023)
DESCRIPTION

Hyatt is a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, and other properties. Hyatt House hotels offer apartment-style suites with full kitchens, living areas, and more, including a 24-hour gym, and in-house laundry. Hyatt was founded in 1957 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 9
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 8
State (Arizona) 1 of 2
Country (United States) 2 of 8
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Hyatt Residential Group

Saint Petersburg,, Florida, United States

HV Global Group, Inc. develops, markets, and manages shared ownership resorts in various vacation destinations.

Sell $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-18 Miraval

Tucson, Arizona, United States

Miraval is a provider of wellness and mindfulness experiences. Miraval was established in 1995 and is based in Tucson, Arizona.

Buy $215M
Mergr

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