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New Deal


Announced

Certares and Belcourt Capital Partners to acquire Hilton Boston Back Bay for $171m.

Financials

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Transaction Value£135m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

United States

Hotels and Motels

hotel

Acquisition

Domestic

Majority

Private

Private Equity

Real Estate

Friendly

Single Bidder

Synopsis

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Certares, an investment management company, and Belcourt Capital Partners to acquire Hilton Boston Back Bay, an investment company, for $171m. "Boston is one of the only true 'seven-day-a-week' lodging markets in the US, with demand driven by a diverse set of corporate and leisure travelers. The city is home to major corporate tenants, world-class colleges and universities, numerous leading medical centers, state-of-the-art life science facilities and a wealth of after-work and weekend leisure activities, making this an incredibly attractive investment," Nolan Hecht, Certares Senior Managing Director and Head of Real Estate.

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