Tourism & leisure industry M&A deals in September 2019 total $1.23bn in US

28th October 2019 (Last Updated October 28th, 2019 07:52)

Tourism & leisure industry M&A deals in September 2019 total $1.23bn in US

Total tourism & leisure industry M&A deals in September 2019 worth $1.23bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 57.4% over the previous month and a drop of 61.9% when compared with the last 12-month average of $3.24bn.

The US held a 56.5% share of the global tourism & leisure industry M&A deal value that totalled $2.18bn in September 2019.

In terms of deal activity, the US recorded 26 deals during September 2019, marking a decrease of 18.75% over the previous month and a drop of 4% over the 12-month average.

The US tourism & leisure industry M&A deals in September 2019: Top deals

The top five tourism & leisure industry M&A deals accounted for 63.2% of the overall value during September 2019.

The combined value of the top five tourism & leisure M&A deals stood at $778.8m, against the overall value of $1.23bn recorded for the month.

The top five tourism & leisure industry deals of September 2019 tracked by GlobalData were:

1) Imperial Companies’ $516.3m asset transaction with Caesars Entertainment

2) The $152.25m acquisition of MJR Theatres by Kinepolis Group

3) Suffolk University’s $63.5m asset transaction with Hilton Worldwide Holdings

4) The $37m asset transaction with Stambul USA by Miami Southern Hotels

5) The $9.75m asset transaction with Clemson Best Western Hotel in South Carolina by Medalist Diversified REIT.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.