M&A Deal Summary

Lightstone Value Plus Real Estate Investment Trust Acquires Aloft Tucson University Hotel

On April 8, 2014, Lightstone Value Plus Real Estate Investment Trust acquired leisure company Aloft Tucson University Hotel from Starwood Hotels & Resorts Worldwide for 19M USD

Acquisition Highlights
  • This is Lightstone Value Plus Real Estate Investment Trust’s 1st transaction in the Leisure sector.
  • This is Lightstone Value Plus Real Estate Investment Trust’s largest (disclosed) transaction.
  • This is Lightstone Value Plus Real Estate Investment Trust’s 1st transaction in the United States.
  • This is Lightstone Value Plus Real Estate Investment Trust’s 1st transaction in Arizona.

M&A Deal Summary
Date 2014-04-08
Target Aloft Tucson University Hotel
Sector Leisure
Buyer(s) Lightstone Value Plus Real Estate Investment Trust
Sellers(s) Starwood Hotels & Resorts Worldwide
Deal Type Divestiture
Deal Value 19M USD

Target

Aloft Tucson University Hotel

Tucson, Arizona, United States
Aloft Tucson University Hotel operates as a hotel. Amenities include an outdoor Splash pool, the brand’s signature bar, a 24-hour fitness center and 1,723 square feet of flexible meeting space, ideal for both business meetings and social gatherings.

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Buyer(S) 1

Buyer

Lightstone Value Plus Real Estate Investment Trust

Lakewood,, New Jersey, United States
Category Company
Founded 2004
Sector Real Estate
DESCRIPTION

Lightstone Value Plus Real Estate Investment Trust, Inc. operates as a real estate investment trust.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 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 13 of 21
Sector (Leisure) 3 of 9
Type (Divestiture) 13 of 21
State (Arizona) 1 of 2
Country (United States) 10 of 13
Year (2014) 2 of 6
Size (of disclosed) 12 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 The St. Regis Bal Harbour Resort

Miami Beach, Florida, United States

The St. Regis Bal Harbour Resort is located directly opposite the luxurious Bal Harbour Shops and near Miami’s vibrant South Beach. The 27-story oceanfront property features 207 elegant rooms and suites.

Sell $213M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 The St. Regis Rome

Rome,, Italy

The St. Regis Rome owns and operates a hotel. The St. Regis, Rome, including upgrades to all 161 guestrooms and suites and a redesign of the restaurant and lounge and space for events.

Sell €110M
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