News: Deals: Reports

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

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

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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