Host Marriott closes on 28 hotels; Changes its name

Host Marriott - Starwood amend their deal

Kerzner International to go private

Blackstone to take MeriStar Hospitality private

Fairmont Hotels finds white knight buyer

Hilton Hotels to buy Hilton Group plc for $5.7B

Blackstone group sells Summerfield Suites properties

Host Marriott buys 38 hotels from Starwood

Blackstone to take La Quinta private

Cendant to split-up into four companies

Blackstone sells half of Wyndham chain for $1.4 billion

Blackstone buys New York's Rhiga Royal

Wyndham International acquired by Blackstone

Blackstone buys Boca Resorts

Prime Hospitality acquired by Blackstone

Hilton Hotels 

Intercontinental Hotels Group PLC

Marriott International Inc

Starwood Hotels & Resorts Worldwide Inc

$3.6 billion buyout by management-led investor group

• International developer and operator of destination resorts, casinos and luxury hotels
• $76.00 per share

• KZL stock chart

Advisors

Announced 3.20.06

Agreements

$2.6 billion acquisition of hotel REIT

• Nations largest hotel REIT
• $10.45 per share

• MHX stock chart
• 20% premium to prior close

Advisors

Announced 2.21.06

Proxy solicitation

Agreements

Will creates world's largest lodging company

• 3.3B ($5.7B) all-cash transaction
• Reunites two companies that were split in 1964

Announced 12.29.05

• Press release
• Slide presentation

Advisors

• Hotels: UBS Securities / Sullivan & Cromwell
• plc: Slaughter & May

Agreements

• Purchase agreement

Carl Icahn tendered for 51% control

• With intent to gain control of Canadian luxury hotel operator
• With plan to sell Fairmont to a larger operator

• Schedule TO 12.02.05
• Offers US$40 per share

Fairmont instead sold itself for $3.9 billion

• US$45 per share

• Fairmont press release 1.30.06
• Acquisition agreement

• Icahn supports sale 1.31.06

Advisors

Fairmont recommends against Icahn offer

Icahn acquires initial 9.3% stake

Schedule TO filings

Schedule 14D-9 filings

Sale of 38 luxury and upper upscale hotels

• Westin, Sheraton, W Hotels. The Luxury Collection and St. Regis brands
• For $4.04 billion in cash, stock and debt assumption

Advisors

Announced 11.14.05

Closed 4.10.06

Deal amended 3.24.06

Closes on 28 hotels 4.10.06

Host Marriott changes its name to Host Hotels & Resorts

Proxy solicitation

Agreements

SEC_CODE_REF_0090001192884

$3.4 billion acquisition of limited service hotel chain

• $11.25 per paired share

• LQI stock chart
• 37% premium to prior close

Advisors

Announced 11.09.05

Closed 1.25.06

Proxy solicitation

Agreements

Debt tenders - consent solicitations

Other filings

SEC Filings

• Amendment #6 02.09.06
• Amendment #5 02.06.06
• Amendment #4 02.01.06
• Amendment #3 01.17.06
• Amendment #2 01.03.06
• Amendment #1 12.07.05

• Form S-1 10.27.05
• Amendment #1 12.07.05

• Exhibit filings

$3.24 billion acquisition of upscale hotel chain

• $1.15 per common share
• Holders of Series A and B preferred to get $72.17 per share

• Held by private equity firms
• Apollo, Beacon Capital, TH Lee

• WBR stock chart
• Five entities submitted final bids
• Background

Advisors

Announced 6.14.05

Closed 8.16.05

Recapitalization

Proxy solicitation

Schedule 13D filings

Agreements

Interim communications

$790 million acquisition by private equity group

• $12.25 per common share
• Owner of AmeriSuites, Wellesley Inns, Prime Hotels

Advisors

Announced 8.18.04

Closed 10.08.04

Proxy solicitation

Schedule 13D filings

Agreements

Shareholder litigation

Interim communications

Gaming Companies

REITs