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New Deal


Announced

Completed

MB National completed the acquisition of a majority stake in Monterey Bay Suites.

Financials

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

Tags

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beach resort

Single Bidder

Completed

Hotels and Motels

Private

Acquisition

United States

Domestic

Majority

Friendly

Synopsis

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MB National, a hospitality company, completed the acquisition of a majority stake in Monterey Bay Suites. Financial terms were not disclosed. "Monterey Bay's exciting amenities and prime location makes it a welcome addition to our hospitality family. We look forward to implementing our service philosophies and best practices as we get to know our new team members, guests and homeowners," Patrick Norton, Brittain Resorts & Hotels Vice President of Sales & Marketing.

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