Lone Star Funds Acquires Lodgian, Inc.
April 15, 2010
An affiliate of Lone Star Funds (LSREF) completed the acquisition of Lodgian, Inc., one of the largest independent U.S. hotel owners and operators, in an all-cash transaction valued at approximately $270 million including assumed debt. Lodgian stockholders received $2.50 per share; Lone Star said the deal will pair Lodgian's hotel portfolio with Lone Star's real estate expertise.
- Targets
- Lodgian, Inc.
- Sellers
- Lodgian's stockholders
- Industry
- Real Estate
- Location
- Georgia, United States
- Transaction Type
- Buyout
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