M&A Deal Summary

Värde Partners and Hawkins Way Capital Acquire Sheraton Boston Hotel

On February 2, 2022, asset manager Värde Partners and Hawkins Way Capital acquired leisure company Sheraton Boston Hotel from Host Hotels & Resorts

Acquisition Highlights
  • This is Värde Partners’ 3rd and Hawkins Way Capital’s 1st transaction in the Leisure sector.
  • This is Värde Partners’ 4th and Hawkins Way Capital’s 1st transaction in the United States.
  • This is Värde Partners’ 1st and Hawkins Way Capital’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2022-02-02
Target Sheraton Boston Hotel
Sector Leisure
Buyer(s) Värde Partners
Hawkins Way Capital
Sellers(s) Host Hotels & Resorts
Deal Type Divestiture

Target

Sheraton Boston Hotel

Boston, Massachusetts, United States
Sheraton Boston Hotel is an operator of a four-star hotel in Boston's Back Bay neighborhood with a full-service restaurant and spa. Sheraton Boston Hotel was founded in 1965 and is based in Boston, Massachusetts.

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Buyer(S) 2

Buyer

Värde Partners

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1993
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Värde Partners is a global alternative investment advisor and firm focused on a variety of strategies. Värde will consider a broad array of investments including corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure, and logistics. Värde Partners was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 16 of 16
Sector (Leisure) 3 of 3
Type (Divestiture) 4 of 4
State (Massachusetts) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Trastor

Athens, Greece

Trastor is a real estate investment company that owns a portfolio of 59 real estate assets in Greece with a gross asset value of over €315 million across the retail, office, and logistics sectors, comprising more than 238,000 square meters of total leasable area. Trastor is based in Athens, Greece.

Sell -
Buyer

Hawkins Way Capital

Beverly Hills, California, United States
Category Company
Sector Real Estate
DESCRIPTION

Hawkins Way Capital is a vertically integrated real estate company with over $1.5 billion of assets under management on behalf of institutions and individuals focused on value-add and opportunistic investments across various asset classes and geographies. Hawkins Way Capital is based in Beverly Hills, California.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Host Hotels & Resorts

Bethesda, Maryland, United States
Category Company
Sector Real Estate
Employees163
Revenue 5.3B USD (2023)
DESCRIPTION

Host Hotels & Resorts is a premier lodging real estate company. Company own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance. Host Hotels & Resorts is based in Bethesda, Maryland.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 The Phoenician

Scottsdale,, Arizona, United States

The Phoenician, a Luxury Collection Resort boasts a scenic 300-acre setting at the base of Camelback Mountain. The AAA Five-Diamond, Forbes Four-Star rated Phoenician is ideally located in one of the premium resort markets in the southwest, within close proximity of the nightlife, galleries, museums and businesses of downtown Scottsdale.

Buy $400M
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