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New Deal


Announced

Noble to acquire Hyatt Place Austin.

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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hotel management

Private

Hotels and Motels

Acquisition

Friendly

Single Bidder

Domestic

Pending

Majority

United States

Synopsis

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Noble Investment Group, a minority-owned real estate investment manager, agreed to acquire Hyatt Place Austin, a 138-room hotel is located in Round Rock, Texas. Financial terms were not disclosed. "A highly diversified mix of leisure demand and pro-business climate has made Austin one of the fastest-growing cities in the US and the No. 1 US City for Net Migration in 2020. Austin is considered one of the nation's dominant tech hubs alongside Silicon Valley, with numerous high-profile corporate relocations and expansions from companies like Tesla, Oracle, Apple, Amazon, Google, and Facebook," Noble.

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