M&A Deal Summary |
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Date | 2013-10-30 |
Target | Aloft San Francisco Airport |
Sector | Restaurants |
Buyer(s) | Ultima Hospitality |
Sellers(s) | Starwood Hotels & Resorts Worldwide |
Deal Type | Divestiture |
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Category | Company |
---|---|
Founded | 2009 |
Sector | Restaurants |
Ultima Hospitality is a select and full service hotel owner and operator focused on identifying and executing value-add opportunities nationwide.
DEAL STATS | # |
---|---|
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 |
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 | - |
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 STATS | # |
---|---|
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 |
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 | - |
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 |