M&A Deal Summary

Sonesta International Hotels Acquires Red Lion Hotels

On December 30, 2020, Sonesta International Hotels acquired leisure company Red Lion Hotels for 90M USD

Acquisition Highlights
  • This is Sonesta International Hotels’ 1st transaction in the Leisure sector.
  • This is Sonesta International Hotels’ largest (disclosed) transaction.
  • This is Sonesta International Hotels’ 1st transaction in the United States.
  • This is Sonesta International Hotels’ 1st transaction in Colorado.

M&A Deal Summary
Date 2020-12-30
Target Red Lion Hotels
Sector Leisure
Buyer(s) Sonesta International Hotels
Deal Type Add-on Acquisition
Deal Value 90M USD
Advisor(s) Jefferies (Financial)
Gibson, Dunn & Crutcher
Fox Rothschild (Legal)

Target

Red Lion Hotels

Denver, Colorado, United States
Red Lion Hotels Corp. is a hospitality and leisure company primarily engaged in the franchising, management and ownership of hotels under brands that include Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites. Red Lion Hotel brands span the upscale, midscale and economy markets of the hotel industry. Red Lion Hotels was formed in 1937 and is based in Spokane, Washington.

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Buyer(S) 1

Buyer

Sonesta International Hotels

Newton, Massachusetts, United States
Category Company
Founded 1937
Sector Leisure
DESCRIPTION

Sonesta International Hotels Corp. has a history of understanding what drives the passion for travel service, beautiful surroundings & an unmatched experience delivered in style. Sprung from the classic hoteliers of the mid-20th century, the Sonesta collection enjoys a rich history celebrating over 75 years in hospitality. Its diverse and distinctive portfolio offers nearly 60 properties across three continents and our guests can expect a genuine experience, delightfully reflecting the culture and personality of the destination. Sonesta International Hotels was formed in 1937 and is based in Newton, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal