Deal Snapshot
VIAD CLOSES CDN 99M ACQUISITION OF MAJORITY STAKE IN 7 JASPER NATIONAL PARK HOTELS
Tuesday 11 June 2019

Arizona, US-based live events and travel experience provider Viad Corp (NYSE: VVI) has closed the acquisition of a 60% majority share in Canada-based Mountain Park Lodges' group of seven hotels and an undeveloped land parcel ideally situated in Jasper National Park, the company said.
Viad paid CDN 99m (USD 75m) for the equity stake in the Mountain Park Lodges properties, which will be financed through an existing revolving credit facility. As majority owner of these properties, Viad said it will consolidate 100% of its results into Viad's financial statements and record noncontrolling interest expense related to the 40% owners' share of the income.


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Details
Date Published: 11/06/2019
Target: Mountain Park Lodges, ´ group of seven hotels and an undeveloped land parcel in Jasper National Park/60% stake
Country: Canada
Deal Size: 75m (USD)
Sector: Hotels/Restaurants/Casinos/Catering
Type: LBO
Financing: Cash
Status: Closed
Vendor:
Buyer: Viad Corp,  
Comment:


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