M&A Deal Summary

Sunshine Insurance Group Acquires Sheraton On the Park Pty

On November 20, 2014, Sunshine Insurance Group acquired leisure company Sheraton On the Park Pty from Starwood Hotels & Resorts Worldwide for 463M AUD

Acquisition Highlights
  • This is Sunshine Insurance Group’s 1st transaction in the Leisure sector.
  • This is Sunshine Insurance Group’s 0th largest (disclosed) transaction.
  • This is Sunshine Insurance Group’s 1st transaction in Australia.

M&A Deal Summary
Date 2014-11-20
Target Sheraton On the Park Pty
Sector Leisure
Buyer(s) Sunshine Insurance Group
Sellers(s) Starwood Hotels & Resorts Worldwide
Deal Type Divestiture
Deal Value 463M AUD

Target

Sheraton On the Park Pty

Sydney, Australia
Sheraton On the Park Pty. Ltd. operates a hotel. The hotel features 557 guest rooms, full-service dining, a Sheraton Club Lounge, rooftop health club, indoor heated pool, and spa with spectacular city views.

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Buyer(S) 1

Buyer

Sunshine Insurance Group

Beijing,, China
Category Company
Founded 2007
Sector Insurance
DESCRIPTION

Sunshine Insurance Group Company Limited is a provider of insurance products and services.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
Country (Australia) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Starwood Hotels & Resorts Worldwide

Stamford, Connecticut, United States
Category Company
Founded 1969
Sector Leisure
Employees180,400
Revenue 5.8B USD (2015)
DESCRIPTION

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 16 of 21
Sector (Leisure) 5 of 9
Type (Divestiture) 16 of 21
Country (Australia) 1 of 1
Year (2014) 5 of 6
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Sheraton Ambassador Monterrey Hotel

Monterrey,, Mexico

Sheraton Ambassador Monterrey Hotel owns and operates a hotel which provides lodging and dining services.

Sell $14M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-22 Philadelphia Airport Complex

United States

Philadelphia Airport Complex consists of three Starwood properties including the 252-room Sheraton Suites Philadelphia Airport, the 177-room Four Points by Sheraton Philadelphia Airport and the 136-room Aloft Philadelphia Airport.

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