lindsay goldberg
Lindsay Goldberg Acquires Affordable Suites of America
Lindsay Goldberg | January 15, 2019
NEW YORK--January 15, 2019 --Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, today announced that it has acquired Affordable Suites of America, Inc. ("Affordable Suites" or the "Company"), a premier owner, operator and franchisor of extended-stay hotels in the Southeastern United States. Terms of the transaction were not disclosed. Based in Myrtle Beach, South Carolina, Affordable Suites provides long-term, economy-minded travelers with a comfortable and relaxing environment ideal for business and leisure alike. Its hotels off...
Choice Hotels to Acquire WoodSpring Suites Brand and Franchise Business for $231 Million
Choice Hotels | December 18, 2017
ROCKVILLE, Md., Dec. 18, 2017 -- Choice Hotels International (NYSE: CHH), one of the world's largest hotel companies, today announced that it has reached a definitive agreement to acquire the brand and franchise business of WoodSpring SuitesSM from WoodSpring Hotels Holdings LLC, a portfolio company of Lindsay Goldberg, for approximately $231 million, subject to customary adjustments. The acquisition will add nearly 240 extended-stay hotels in 35 states to the Choice Hotels portfolio, creating an extended-stay portfolio of more than 350 properties with existing brands, MainStay Suites® and Suburban Extended Stay®. Highlights...
