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.

Buyers
Lone Star Funds, LSREF Lodging Investments, LLC, LSREF Lodging Merger Co., Inc.
Targets
Lodgian, Inc.
Sellers
Lodgian's stockholders
Industry
Real Estate
Location
Georgia, United States
Transaction Type
Buyout

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