M&A Deal Summary |
|
|---|---|
| Date | 2012-08-23 |
| Target | W Los Angeles - Westwood Hotel |
| Sector | Restaurants |
| Buyer(s) | Pebblebrook Hotel |
| Sellers(s) | Starwood Hotels & Resorts Worldwide |
| Deal Type | Divestiture |
| Deal Value | 125M USD |
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| Category | Company |
|---|---|
| Founded | 2009 |
| Sector | Real Estate |
| Employees | 60 |
| Revenue | 1.4B USD (2023) |
Pebblebrook Hotel is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full service hotels located in urban markets in major gateway cities. The Company owns 24 hotels, comprised of 18 wholly owned hotels, with a total of 4,420 guest rooms and a 49 percent joint venture interest in six hotels with 1,733 guest rooms. Pebblebrook Hotel was founded in 2009 and is based in Bethesda, Maryland.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 5 |
| Sector (Restaurants) | 2 of 2 |
| Type (Divestiture) | 2 of 2 |
| State (California) | 2 of 3 |
| Country (United States) | 2 of 5 |
| Year (2012) | 1 of 1 |
| Size (of disclosed) | 3 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-04-06 |
The Westin San Diego Gaslamp Quarter
San Diego,, California, United States The hotel offers 450 guest rooms, including eight suites, and more than 27,000 square feet of indoor meeting space including a 9,000 square foot ballroom and outdoor function space. |
Buy | $110M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-09-06 |
LaSalle Hotel Properties
Bethesda, Maryland, United States LaSalle Hotel Properties is a multi-operator real estate investment trust. The Company owns 44 hotels. The properties are upscale, full-service hotels, totaling more than 11,100 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets. |
Buy | $5.2B |
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Leisure |
| Employees | 180,400 |
| Revenue | 5.8B USD (2015) |
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 | 7 of 21 |
| Sector (Restaurants) | 6 of 12 |
| Type (Divestiture) | 7 of 21 |
| State (California) | 2 of 4 |
| Country (United States) | 4 of 13 |
| Year (2012) | 2 of 2 |
| Size (of disclosed) | 6 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-08-21 |
W Chicago - Lakeshore
Chicago, Illinois, United States W Chicago - Lakeshore is a full-service, luxury property with deluxe guest rooms, more than 12,000 square feet of meeting and event space, a SWEAT state-of-the-art fitness center, a 9,600 square foot Bliss Spa and the acclaimed Wave restaurant. |
Sell | $126M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-04-01 |
W New Orleans - French Quarter
New Orleans,, Louisiana, United States W New Orleans – French Quarter is ideally located at the heart of the city’s historic center, adjacent to Jackson Square and walking distance to boutiques, art galleries and jazz clubs. |
Sell | $26M |
