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New Deal


Announced

Completed

Monarch Alternative Capital completed the acquisition of ten hospitality properties from Eagle Hospitality Real Estate Investment Trust for $360m.

Financials

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Transaction Value£258m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private Equity

Domestic

Majority

Hotels and Motels

Single Bidder

Real Estate

Acquisition

United States

Friendly

hospitality properties

Private

Synopsis

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Monarch Alternative Capital, an investment firm, completed the acquisition of ten hospitality properties from Eagle Hospitality Real Estate Investment Trust, a privately owned real estate investment trust, for $360m. "The overall Eagle Hospitality transaction exemplifies the value of our broad investment capabilities across debt and equity to target compelling opportunities in dislocated sectors. Our ability to provide speed and certainty of execution in complex situations is highly valued by our partners and counterparties," Ian Glastein, Monarch Managing Principal.

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