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Abernathy MacGregor Group represents Starwood Capital Group as it joins Blackstone Real Estate Partners to acquire Extended Stay America for $6B in cash.
Charlotte-based ESA is the leading player in the mid-priced category, with 650 hotels that operated at 74 percent capacity in 2020.
ESA “demonstrated resilience over the past year despite persistent challenges due to government lockdowns and travel restrictions,” Barry Sternlicht, Starwood CEO, said in a statement.
Starwood has more than $75B in assets under management. Travel and leisure is a key investment category for Blackstone, which helped launch ESA almost 20 years ago.
Abernathy MacGregor CEO Tom Johnson and managing director Dan Scorpio handle Starwood Capital.
Their firm is part of France-based Havas Group’s AMO network.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
Trailrunner International is handling Axum Capital Partners’ move to acquire a controlling interest in BARCODE, a performance hydration brand, in partnership with NBA All-Star Victor Wembanyama.
Alpha IR and Alpha Advisory Group represent McKinley Acquisition Corp. as it plans to take hostile drone spotter and destroyer Space-Eyes public via a SPAC deal valued at $370M.
