Add-on Acquisition • Leisure

LSM Hotel Acquires Citizens Development

On October 22, 2012, LSM Hotel acquired leisure company Citizens Development

Acquisition Context

This is LSM Hotel’s 1st transaction in the Leisure sector.
This is LSM Hotel’s 1st transaction in the United States.
This is LSM Hotel’s 1st transaction in California.

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M&A Deal Summary
Date	October 22, 2012
Target	Citizens Development
Sector	Leisure
Buyer(s)	LSM Hotel
Deal Type	Add-on Acquisition

Target Company

Citizens Development

San Marcos, California, United States

Citizens Development Corp. owns and operates lake resort.

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Buyer Overview 1

Buyer

LSM Hotel

Lake San Marcos, California, United States

Category	Company
Founded	1962
Sector	Leisure

DESCRIPTION

LSM Hotel, LLC operates as a resort. Its amenities include rooms and a restaurant. It also provides golf, boating, tennis, fitness, and spa facilities, as well as facilities for weddings and meetings.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Leisure	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2012	1 of 1

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