Acquisitions in Georgia in 2010
Showing 1 transactions.
-
April 15, 2010
- Buyer
- Lone Star Funds, LSREF Lodging Investments, LLC, LSREF Lodging Merger Co., Inc.
- Target
- Lodgian, Inc.
- Seller
- Lodgian's stockholders
- Industry
- Real Estate
- Location
- Georgia, United States
- Type
- Buyout
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.
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