Add-on Acquisition • Leisure

Xenia Hotels & Resorts Acquires Park Hyatt Aviara Resort Golf Club &

On November 21, 2018, Xenia Hotels & Resorts acquired leisure company Park Hyatt Aviara Resort Golf Club & for 170M USD

Acquisition Context
  • This is Xenia Hotels & Resorts’ 1st transaction in the Leisure sector.
  • This is Xenia Hotels & Resorts’ largest (disclosed) transaction.
  • This is Xenia Hotels & Resorts’ 1st transaction in the United States.
  • This is Xenia Hotels & Resorts’ 1st transaction in California.

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M&A Deal Summary

Date November 21, 2018
Target Park Hyatt Aviara Resort Golf Club &
Sector Leisure
Buyer(s) Xenia Hotels & Resorts
Deal Type Add-on Acquisition
Deal Value 170M USD

Target Company

Park Hyatt Aviara Resort Golf Club &

Carlsbad, California, United States
Park Hyatt Aviara Resort Golf Club & Spa is a 327-room luxury resort 78,000 square feet of meeting space, and impressive amenities including the 15,000 square foot Aviara Spa, six tennis courts, two outdoor swimming pools, Aviara Kids Academy, and the highly acclaimed Aviara Golf Club, which includes an 18-hole golf course designed by Arnold Palmer.
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Buyer Overview 1

Buyer

Xenia Hotels & Resorts

Orlando, Florida, United States

Category Company
Sector Leisure
Employees46
Revenue 1.0B USD (2023)
DESCRIPTION

Xenia Hotels & Resorts owns 40 hotels, including 38 wholly owned hotels, comprising 11,239 rooms, across 17 states and the District of Columbia. Xenia’s hotels are primarily in the luxury and upper upscale segments, and operated and/or licensed by industry leaders such as Marriott®, Hyatt®, Kimpton®, Fairmont®, Hilton®, and Loews®, as well as leading independent management companies including Sage Hospitality, The Kessler Collection, Urgo Hotels & Resorts, and Davidson Hotels & Resorts. Xenia Hotels & Resorts is based in Orlando, Florida.


Deal Context for Buyer #
Overall 1 of 1
Sector: Leisure 1 of 1
Type: Add-on Acquisition 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2018 1 of 1
Size (of disclosed) 1 of 1