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Announced

EOS Investors to acquire Ocean Suites Bethany Beach, Residence Inn and Holiday Inn Express Bethany Beach.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Hotels and Motels

Domestic

Acquisition

Real Estate

Single Bidder

hotel management

Pending

Majority

Friendly

Private

Synopsis

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EOS Investors, a privately held real estate investment firm, agreed to acquire Ocean Suites Bethany Beach, Residence Inn and Holiday Inn Express Bethany Beach, two hotels in the Mid-Atlantic region. Financial terms were not disclosed. "EOS is excited to welcome two additional drive-to leisure properties to the portfolio while expanding its footprint in the Delaware beaches. These two assets continue our strategic approach of identifying unique assets in high barrier-to-entry markets with attractive long-term demand growth," Tom Burns, EOS Managing Director.

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