Holiday Inn,Provo,Utah & Sunstone Hotel Investors Inc | Update Date: 06/03/08 |
| Date Announced: 12/23/05 |
| Value (million $USD): 3.7 million U.S. Dollar |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 12/23/05 | | |
| Date Originally Announced | 12/23/05 | | |
| Format | Acq. of Assets | Acquisition techniques | Not Applicable |
| Attitude | Friendly | Agency | n/a |
| Value | 3.7 million U.S. Dollar | Advisor Fees | n/a |
| SYNOPSIS |
| US - Sunstone Hotel Investors Inc acquired Holiday Inn in Provo, Utah, an owner and operator of hotels, for an estimated $3.7 mil. |
| TARGET |
| Name | Holiday Inn,Provo,Utah |
| Industries | n/a |
| City | Provo |
| State | UT |
| Nation | United States |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Own and operate hotels |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Sunstone Hotel Investors Inc (SHO) |
| Industries | n/a |
| City | San Clemente |
| State | CA |
| Nation | United States |
| Incorporated in | MD |
| Public Status | Public |
| Business Description | Sunstone Hotel Investors Inc, located in San Clemente, California, is a lodging real estate investment trust (REIT) company, which owns interests in 45 hotels primarily in the upper-upscale segment operated under nationally recognized brands such as Marriott, Renaissance, Hyatt, Hilton, and Fairmont. The company was founded in 1985. |
| Advisors | NULL |
| Acquiror Sales | 556.0 million U.S. Dollar |
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