aquisition
Blue Flag Acquires The Kelley House in Martha’s Vineyard, Partnering With Life House on Management
Life House Hotels | October 5, 2020
MARTHAS VINEYARD, Mass. - Boston-based real estate private equity firm Blue Flag Capital, part of Blue Flag Partners, has acquired The Kelley House, partnering with award-winning Life House through its Life Hospitality independent management platform on the operation of the historic, 57-room boutique hotel. This transaction represents the fourth collaboration between NYC-based Life House and Boston-based Blue Flag. Their partnership continues to prosper, with multiple additional assets under contract in key target markets, and active discussions underway to acquire hotels in Nantucket, Martha’s Vineyard, and Long Island. The Kelley H...
Twin River Worldwide Holdings to Acquire Jumer’s Casino & Hotel for $120M
Twin River | October 1, 2020
PROVIDENCE, R.I., Oct. 1, 2020 - Twin River Worldwide Holdings, Inc. (NYSE: TRWH) ("Twin River" or the "Company") today announced that it has entered into an agreement with Delaware North Companies Gaming & Entertainment, Inc. to acquire Jumer's Casino & Hotel ("Jumer's") in Rock Island, Illinois for a purchase price of $120 million in cash. The total consideration for the transaction represents an implied proforma purchase multiple of approximately 7.4x trailing twelve months earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") (for the period ended December 31, 2019). The multiple excludes the impac...
Dakota Mountain Lodge Homeowners Association Acquires Waldorf Astoria Park City
Dakota Mountain Lodge Homeowners Association | August 5, 2020
PARK CITY, Utah, Aug. 5, 2020 - Dakota Mountain Lodge Homeowners Association has acquired the 159-guestrooms and suites Waldorf Astoria Park City in Park City, Utah, according to President of the homeowners association, Mark Bober. Conveniently located at the Canyons Village base of Park City Resort, Utah's premier luxury resort by Hilton, encompasses newly renovated rooms and spacious suites, Powder restaurant and the award-winning Waldorf Astoria Spa as well as an expansive outdoor space with fire pits, a heated pool and Jacuzzis. "We are thrilled to continue to work with Hilton as they manage this beloved property that we call home...
Highgate Acquires Heavlin Management Company
Highgate | February 27, 2020
New York, NY – February 27, 2020 - Highgate, a leading real estate investment and hospitality management company, announced today that it has acquired Heavlin Management Company, LLC (“HMC”), a hotel management company with over 30 years of operating experience headquartered in Chandler, Arizona. Heavlin Management Company oversees nine branded properties throughout Arizona and two independent properties in Alaska. Under the terms of the purchase, Highgate will assume management of all properties in HMC’s portfolio. The properties in the acquired portfolio include: Crowne Plaza Phoenix Airport, Arizona Four Points by Sh...
