M&A Deal Summary

Marriott Acquires Postcard Cabins

On December 12, 2024, Marriott acquired leisure company Postcard Cabins from L Catterton Partners

Acquisition Highlights
  • This is Marriott’s 4th transaction in the Leisure sector.
  • This is Marriott’s 2nd transaction in the United States.
  • This is Marriott’s 1st transaction in New York.

M&A Deal Summary

Date 2024-12-12
Target Postcard Cabins
Sector Leisure
Buyer(s) Marriott
Sellers(s) L Catterton Partners
Deal Type Add-on Acquisition

Target

Postcard Cabins

New York, New York, United States
Postcard Cabins is a designer and operator of tiny house rentals in beautiful rural areas just outside major cities. Postcard Cabins places their custom-built homes, each between 160 and 200 square feet, on secluded land in wooded, natural landscapes and rents them out by the night to those looking to easily escape their daily routines and experience the restorative benefits of nature. Postcard Cabins was founded in 2015 and is based in New York, New York.

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Buyer(S) 1

Buyer

Marriott

Bethesda, Maryland, United States

Category Company
Founded 1927
Sector Leisure
Employees411,000
Revenue 23.7B USD (2023)
DESCRIPTION
Entrance to Marriott's corporate headquarters in Bethesda, Maryland.
Entrance to Marriott's corporate headquarters in Bethesda, Maryland.

Marriott is a worldwide operator, franchisor, and licensor of hotels and timeshare properties under numerous brand names at different price and service points. Marriott also operates, markets, and develops residential properties and provide services to home/condominium owner associations. Marriott was formed in 1927 and is based in Bethesda, Maryland.


DEAL STATS #
Overall 4 of 4
Sector (Leisure) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-12 Residence Inn Houston-West University

Houston, Texas, United States

Residence Inn Houston-West University offers 120 spacious suites for the longer stay traveler with home-like amenities to ensure they can continue their daily routine on the road. Each suite has separate living and sleeping areas, fully equipped kitchens, and will accommodate guests for a few days or a few weeks, or longer. The hotel also offers complimentary grocery shopping service. Residence Inn Houston-West University is based in Houston, Texas.

Sell -

Seller(S) 1

SELLER

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 102 of 102
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 46 of 46
State (New York) 13 of 13
Country (United States) 76 of 76
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-25 Solidcore

Washington, District of Columbia, United States

Solidcore is a boutique fitness studio concept that uses a resistance-based machine called the Sweatlana to give customers a proven and effective full-body workout. A solidcore workout is a high-intensity, low-impact 50-minute session that is done as slowly as possible to lengthen and tone your body. With countless variations of moves stemming from planks, lunges, and squats, the client's body and mind are challenged in every class. solidcore was founded in 2013 and is based in Washington, District of Columbia.

Buy -