Monarch Alternative Capital LP
Monarch Alternative Capital Acquires Dual-Branded SpringHill Suites and TownePlace Suites Orlando Theme Parks/Lake Buena Vista
Monarch Alternative Capital LP | December 1, 2021
NEW YORK and LONDON – December 1, 2021 – Monarch Alternative Capital LP, a leading investment firm with approximately $9.5 billion of assets under management, today announced the purchase of the SpringHill Suites and TownePlace Suites Orlando Theme Parks/Lake Buena Vista in Orlando, Florida. Given the firm's growing real estate presence in the Orlando market which now represents over 1,500 keys across four hotels, Monarch was able to acquire the recently constructed, distinctly positioned property at a discount to replacement cost in an off-market transaction due to the pandemic induced disruption in the business and leisure trav...
Monarch Alternative Capital Acquires The Westin Minneapolis
Monarch Alternative Capital LP | October 20, 2021
NEW YORK and LONDON – October 20, 2021 – Monarch Alternative Capital LP, a leading investment firm with approximately $9 billion of assets under management, today announced the purchase of the Westin Minneapolis in Minnesota in partnership with HEI Hotels & Resorts. Through its existing real estate presence and deep relationships in the Minneapolis market, Monarch was able to acquire a leading hotel at a significant discount to historical transactions in an off-market purchase due to disruption caused by the pandemic. The Westin Minneapolis acquisition, Monarch's twelfth hotel purchase in 2021, highlights the firm's continue...
