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telecoms

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     hospitality

This page provides some benchmarks for acquisitions and disposals during the telecommunication booms and busts of the past twenty years.

It covers -

• hospitality
• gambling and parks
• retirement homes

     hospitality

Hospitality landmarks include -

• Blackstone Group buys Hilton Hotels Corp for US$26bn in 2007
• Whitbread sells David Lloyd Leisure chain to London & Regional Holdings for £925m in 2007
• Compass sells Selecta vending business to the private equity arm of Allianz for £500m in 2007
• Lightstone Group agrees to buy Extended Stay Hotels from Blackstone for US$8bn in 2007
• Seminoles buy Hard Rock Cafe chain for US$965m in 2006
• Permira buys Spanish fast-food group Telepizza for €850m in 2006
• Hardys & Hansons agrees to US$502m takeover by Greene King in 2006
• Host Hotels & Resorts agrees to buy Western Kierland Resort & Spa from Kierland Resort for US$393m in 2006
• Blackstone agrees to acquire MeriStar Hospitality for US$2.6bn in 2006
• Alwaleed bin Talal and Colony Capital agree to buy Fairmont Hotels & Resorts for US$3.9bn
• Hilton Hotels Corp agrees to buy hotel assets of Britain's Hilton Group PLC for £3.3bn in 2005
• Host Marriott agrees to buy 38 properties from Starwood Hotels & Resorts Worldwide for US$4.04bn in 2005
• Punch Taverns wins auction for Spirit Group pubs chain in UK with £2.7bn bid in 2005
• Blackstone buys Wyndham International for US$3.2bn in 2005
• Blackstone buys La Quinta for US$3.4bn in 2005
• Woolworths buys Taverner Hotel Group for $380m in 2005
• Blackstone buys Extended Stay for US$3.1bn in 2004
• Woolworths acquires ALH for $1.4bn in 2004
• Blackstone sells Savoy Group for US$1.3bn in 2004
• MGM Mirage buys Mandalay Resort Group for US$7.9bn in 2004
• Permira buys Travelodge and Little Chef chains from Compass for £712m in 2003
• Hilton Hotels buys Promus for US$4bn in 2000
• Granada absorbs Compass Group in £17.5bn deal in 2000, later splits into Granada plc media group and Compass Group plc foodservice and hotels group
• Kerkorian buys Mirage Resorts for US$4.4bn in 2000
• Canadian Pacific Hotels acquires Princess Hotels International for C$865m in 1998
• Blackstone buys Savoy Group for US$980m in 1998
• Granada sells Welcome Break service station chain to Investcorp of Bahrain for £476m in 1997
• Marriott pays US$1bn for Renaissance hotels group in 1997
• Granada buys Forte hotels and catering group for £3.6bn in 1996
• Whitbread buys David Lloyd Leisure for £182m in 1995
• Granada buys Pavilion Services food chain for £125m in 1995
• Accor acquires Wagon-Lits (inc 50% stake in Europcar) in 1992
• Skase sells 49.9% of three Mirage resorts to Mitsui & Co and Nippon Shinpan for $433m in 1989

     gambling and parks

Gambling and theme park landmarks include -

• Texas Pacific and Apollo Management agree to buy Harrahs for US$16.7bn in 2006
• Cedar Fair agrees to buy CBS subsidiary Paramount Parks Inc. for US$1.24bn in 2006
• Providence Equity Partners consortium agrees to buy Kerzner International for US$3.6bn in 2006
• Columbia Sussex acquires Aztar for US$2.01bn after Pinnacle Entertainment prematurely announces US$1.45bn deal in 2006
• Lottomatica agreeds to buy Gtech Holdings for US$4.65bn in 2006
• Dubai International Capital buys Tussauds Group for US$1.5bn in 2005
• Cedar Fair buys Six Flags park in Aurora for US$145m in 2004
• Premier Parks acquires Six Flags for US$1.9bn in 1998
• Charterhouse Capital Partners buys Tussauds from Pearson for £352m in 1998
• Granada sells its 74 bingo clubs to Bass for £147m in 1991
• Wesray buys Six Flags for US$617m in 1987
• Kerkorian sells MGM Grand Las Vegas to Bally for US$550m in 1985
• Penn Central sells Six Flags to Bally for US$142m in 1982
• Taft and Top Value buy Carowinds theme park for US$16m in 1975

     retirement homes

Retirement facility landmarks include -

• Brookdale Senior Living agrees to acquire American Retirement Corp for US$1.2bn in 2006
• Health Care Property Investors agrees to acquire CNL Retirement Properties in US$5.2bn deal in 2006

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