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New Deal


Announced

Completed

Paceline Equity Partners completed the acquisition of Renaissance Dallas at Plano Legacy West Hotel.

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

Domestic

Private

Completed

Single Bidder

hotels

Hotels and Motels

Acquisition

Majority

Private Equity

Friendly

Real Estate

Synopsis

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Paceline Equity Partners, a private equity firm, completed the acquisition of Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel. Financial terms were not disclosed. “The Renaissance represents our first real estate investment in our home state of Texas, and the ninth hotel in our portfolio. The hotel has capitalized on the strong leisure and business travel in the Plano submarket as Legacy West has developed, demonstrating the demographic tailwinds in the area,” Sam Loughlin, Paceline CEO.

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