.
MergerLinks Header Logo

Announced

Completed

Wheelock Street Capital completed the acquisition of two service assets.

Financials

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

Tags

Edit

Real Estate Holding and Development

Majority

Friendly

hotels

Real Estate

Acquisition

United States

Private

Domestic

Single Bidder

Completed

Synopsis

Edit

Wheelock Street Capital, a real estate investment firm, completed the acquisition of two service assets. Financial terms were not disclosed. “The properties are an excellent fit for our current acquisition criteria given their institutional quality, A+ locations within the Gaslamp Quarter, and strong positioning within a market exhibiting a rapid recovery fueled by multiple demand generators. The market and properties continue to outperform our expectations and we look forward to working together with Island Hospitality to further enhance the properties’ positioning as first choices among convention, business, and leisure travelers visiting San Diego,” Chris Mejia, Wheelock Street Capital Principal.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US