M&A Deal Summary

Pivotal Group Acquires Pivotal Century Plaza Hotel

On February 26, 1999, family office Pivotal Group acquired leisure company Pivotal Century Plaza Hotel for 260M USD

Acquisition Highlights
  • This is Pivotal Group’s 2nd transaction in the Leisure sector.
  • This is Pivotal Group’s largest (disclosed) transaction.
  • This is Pivotal Group’s 2nd transaction in the United States.
  • This is Pivotal Group’s 1st transaction in California.

M&A Deal Summary
Date 1999-02-26
Target Pivotal Century Plaza Hotel
Sector Leisure
Buyer(s) Pivotal Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 260M USD

Target

Pivotal Century Plaza Hotel

Los Angeles, California, United States
Pivotal Century Plaza Hotel LLC is a real estate company. Pivotal Century owns and manages The Westin Century Plaza Hotel & Spa, which is a 728-room hotel offering lodging and hospitality services. Pivotal Century Plaza Hotel LLC was established in 1998 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Pivotal Group

Phoenix, Arizona, United States

Investor

Category Family Office
Founded 1985
Size Small
Type Sector Focused
DESCRIPTION

Pivotal Group is a private investment firm focused on acquiring real estate assets as well as select private equity investments. Within real estate, areas of interest include niche residential projects, commercial development, master planned communities, luxury hotel and spa properties, commercial office buildings. Within private equity, Pivotal looks for companies operating in the media, leisure, entertainment and technology infrastructure sectors. Pivotal prefers opportunities in the Western half of the US. Pivotal was founded in 2002 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 2 of 7
Sector (Leisure) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (California) 1 of 1
Country (United States) 2 of 7
Year (1999) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-08-12 Red Mountain Resort &

Ivins, Utah, United States

Red Mountain Resort & Spa is a majestic Southwestern beauty and remarkable destination spa experience. Red Mountain Resort & Spa is based in Ivins, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-10-16 Network Solutions

Herndon, Virginia, United States

Network Solutions LLC is a provider of online solutions for small businesses. Network Solutions provides a variety of Internet services, including domain name registration, e-mail services, Web-site hosting and creation tools, and other value-added services for its more than 4 million customers. Network Solutions LLC was established in 1979 and is based in Herndon, Virginia.

Buy -
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