M&A Deal Summary

Ocean Properties Acquires Sandcastle Resort at Lido Beach

On February 11, 2014, Ocean Properties acquired restaurant Sandcastle Resort at Lido Beach

Acquisition Highlights
  • This is Ocean Properties’ 2nd transaction in the Restaurants sector.
  • This is Ocean Properties’ 2nd transaction in the United States.
  • This is Ocean Properties’ 2nd transaction in Florida.

M&A Deal Summary
Date 2014-02-11
Target Sandcastle Resort at Lido Beach
Sector Restaurants
Buyer(s) Ocean Properties
Deal Type Add-on Acquisition

Target

Sandcastle Resort at Lido Beach

Sarasota, Florida, United States
Sandcastle Resort at Lido Beach is a provider of hotels and resort services.

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Buyer(S) 1

Buyer

Ocean Properties

Delray Beach, Florida, United States
Category Company
Founded 1969
Sector Restaurants
DESCRIPTION

Ocean Properties, Ltd. & Affiliates (OPL) is one of the largest and most dynamic privately held hotel management and development companies in North America.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Florida) 2 of 2
Country (United States) 2 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-02 Sand Pearl Resort

Clearwater Beach, Florida, United States

Sand Pearl Resort LLC is a operator of hotels and resorts.

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