Divestiture • Restaurants

Ultima Hospitality Acquires Aloft San Francisco Airport

On October 30, 2013, Ultima Hospitality acquired restaurant Aloft San Francisco Airport from Starwood Hotels & Resorts Worldwide

Acquisition Context
  • This is Ultima Hospitality’s 2nd transaction in the Restaurants sector.
  • This is Ultima Hospitality’s 2nd transaction in the United States.
  • This is Ultima Hospitality’s 2nd transaction in California.

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M&A Deal Summary

Date October 30, 2013
Target Aloft San Francisco Airport
Sector Restaurants
Buyer(s) Ultima Hospitality
Sellers(s) Starwood Hotels & Resorts Worldwide
Deal Type Divestiture

Target Company

Aloft San Francisco Airport

Millbrae,, California, United States
Aloft San Francisco Airport marked a milestone as the brand’s first external conversion project. The 252-room hotel offers 672 square feet of meeting space, an indoor Splash pool and the brand’s signature Bar.
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Buyer Overview 1

Buyer

Ultima Hospitality

Chicago, Illinois, United States

Category Company
Founded 2009
Sector Restaurants
DESCRIPTION

Ultima Hospitality is a select and full service hotel owner and operator focused on identifying and executing value-add opportunities nationwide.


Deal Context for Buyer #
Overall 2 of 2
Sector: Restaurants 2 of 2
Type: Divestiture 2 of 2
State: California 2 of 2
Country: United States 2 of 2
Year: 2013 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 Westin San Francisco Airport

Millbrae,, California, United States

The Westin San Francisco Airport features 397 guestrooms, 22,000 square feet of meeting space, a fitness center, an indoor pool and whirlpool, a business center, and Grill & Vine restaurant.

Buy -

Seller Profile 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 Context for Seller #
Overall 11 of 21
Sector: Restaurants 10 of 12
Type: Divestiture 11 of 21
State: California 4 of 4
Country: United States 8 of 13
Year: 2013 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 Westin San Francisco Airport

Millbrae,, California, United States

The Westin San Francisco Airport features 397 guestrooms, 22,000 square feet of meeting space, a fitness center, an indoor pool and whirlpool, a business center, and Grill & Vine restaurant.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 The St. Regis Bal Harbour Resort

Miami Beach, Florida, United States

The St. Regis Bal Harbour Resort is located directly opposite the luxurious Bal Harbour Shops and near Miami’s vibrant South Beach. The 27-story oceanfront property features 207 elegant rooms and suites.

Sell $213M