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  5. Sunshine Insurance Group Co. Acquires Sheraton On the Park Pty

M&A Deal Summary

Sunshine Insurance Group Co. Acquires Sheraton On the Park Pty

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

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

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 M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2014 M&A 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 M&A 5 of 9
Type: Divestiture M&A Deals 16 of 21
Country: Australia M&A 1 of 1
Year: 2014 M&A 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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