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Holiday Inn,Provo,Utah &
Sunstone Hotel Investors Inc
Update Date: 08/28/08
Date Announced: 12/23/05
Value (million $USD): 3.7 million U.S. Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced12/23/05
Date Originally Announced12/23/05
FormatAcq. of AssetsAcquisition techniquesNot Applicable
AttitudeFriendlyAgencyn/a
Value3.7 million U.S. DollarAdvisor Feesn/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
NameHoliday Inn,Provo,Utah
Industriesn/a
CityProvo
StateUT
NationUnited States
Incorporated inn/a
Public StatusPrivate
Business DescriptionOwn and operate hotels
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameSunstone Hotel Investors Inc (SHO)
Industriesn/a
CitySan Clemente
StateCA
NationUnited States
Incorporated inMD
Public StatusPublic
Business DescriptionSunstone Hotel Investors Inc, located in San Clemente, California, is a lodging real estate investment trust 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.
AdvisorsNULL
Acquiror Sales556.0 million U.S. Dollar
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