M&A Deal Summary

Summit Hospitality Group Acquires Southpoint Hotel

On September 1, 2013, Summit Hospitality Group acquired leisure company Southpoint Hotel

Acquisition Highlights

This is Summit Hospitality Group’s 1st transaction in the Leisure sector.
This is Summit Hospitality Group’s 1st transaction in the United States.
This is Summit Hospitality Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date	2013-09-01
Target	Southpoint Hotel
Sector	Leisure
Buyer(s)	Summit Hospitality Group
Deal Type	Add-on Acquisition

Target

Southpoint Hotel

Durham, North Carolina, United States

Southpoint Hotel is a operator of hotel.

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Buyer(S) 1

Buyer

Summit Hospitality Group

Raleigh, North Carolina, United States

Category	Company
Founded	1989
Sector	Leisure

DESCRIPTION

Summit Hospitality Group Ltd is a operator of hotels and restaurants in North Carolina.

DEAL STATS	#
Overall	1 of 1
Sector (Leisure)	1 of 1
Type (Add-on Acquisition)	1 of 1
State (North Carolina)	1 of 1
Country (United States)	1 of 1
Year (2013)	1 of 1