Explore All 120 Divestiture Leisure Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | December 22, 2014 |
| Target | Philadelphia Airport Complex |
| Sector | Leisure |
| Buyer(s) | The Lightstone Group |
| Sellers(s) | Starwood Hotels & Resorts Worldwide |
| Deal Type | Divestiture |
FILTER BY
| Category | Company |
|---|---|
| Founded | 1988 |
| Sector | Real Estate |
The Lightstone Group is a privately held real estate company with interests in residential, office, retail and industrial real estate assets. The company, through its operating entities, Park Avenue Bank, Prime Retail, Prime Group Realty Trust, owns a diversified portfolio of residential units and approximately 30 million square feet of office, industrial and retail properties. Lightstone is headquartered in New York City.
| Deal Context for Buyer | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Leisure | 2 of 2 |
| Type: Divestiture | 1 of 1 |
| Country: United States | 2 of 2 |
| Year: 2014 | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2009-06-15 |
Extended Stay America
Charlotte, North Carolina, United States Extended Stay America is an operator of moderate-price extended-stay hotels in North America, with 600+ hotels and approximately 76,000 rooms located in 44 states and Canada. The Company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland. Extended Stay America was founded in 1995 and is headquartered in Charlotte, North Carolina. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Leisure |
| Employees | 180,400 |
| Revenue | 5.8B USD (2015) |
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 Context for Seller | # |
|---|---|
| Overall | 17 of 21 |
| Sector: Leisure | 6 of 9 |
| Type: Divestiture | 17 of 21 |
| Country: United States | 11 of 13 |
| Year: 2014 | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-20 |
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. |
Sell | AU$463M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-12 |
The Gritti Palace
Venice,, Italy The Gritti Palace is a private residence of Doge Andrea Gritti, The Gritti Palace has built a reputation as one of the world’s most iconic and luxurious hotels. Many of the property’s 82 rooms offer breathtaking views of the Grand Canal and Santa Maria della Salute. |
Sell | €105M |
