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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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