M&A Deal Summary

IGO Legacy Hotel Group Acquires The Graham Georgetown

On July 7, 2016, IGO Legacy Hotel Group acquired leisure company The Graham Georgetown

Acquisition Highlights
  • This is IGO Legacy Hotel Group’s 1st transaction in the Leisure sector.
  • This is IGO Legacy Hotel Group’s 1st transaction in the United States.
  • This is IGO Legacy Hotel Group’s 1st transaction in District of Columbia.

M&A Deal Summary

Date 2016-07-07
Target The Graham Georgetown
Sector Leisure
Buyer(s) IGO Legacy Hotel Group
Deal Type Add-on Acquisition

Target

The Graham Georgetown

Washington, District of Columbia, United States
The Graham Georgetown is an operator of a seven-story boutique hotel that caters to international dignitaries, embassy staff, corporate clientele, and higher-rated transient guests. The hotel is home to The Observatory, a 3,000-square-foot rooftop bar with panoramic views of many of Washington D.C.'s sights such as the Kennedy Center, The Washington Monument, historic Georgetown, and the Rosslyn skyline. The 57-room hotel also includes a new 24-hour fitness center and a 1,000-square-foot cocktail lounge just below the first floor. The Graham Georgetown is based in Washington, District of Columbia.

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Buyer(S) 1

Buyer

IGO Legacy Hotel Group

Duluth, Minnesota, United States

Category Company
Sector Leisure
DESCRIPTION

IGO Legacy Hotel Group LLC is an operator of hotels. IGO Legacy Hotel Group located around major cities in Minnesota, Iowa, Wisconsin, and Michigan. IGO Legacy Hotel Group is based in Duluth, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (District of Columbia) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1