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Flynn Properties and Värde Partners completed the acquisition of a 80% stake in 89 select service and extended stay hotels from Highgate and Cerberus Capital Management for $1.1bn.
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Service Providers
legal advisors
Latham & Watkins
financial advisors
Deutsche Bank
financial advisors
Deutsche Bank
legal advisors
Latham & Watkins
or
Principals
bidder
VARDE PARTNERS INC
target
89 SELECT SERVICE AND EXTENDED STAY HOTELS
vendor
CERBERUS CAPITAL MANAGEMENT LP
bidder
FLYNN PROPERTIES
vendor
HIGHGATE HOTELS
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