Notable Transactions
Inter-Continental HotelsIn 1988, Wayne Koonce engineered the acquisition by the Saison Group (Japan) of 100% of the Inter-Continental Hotels Corporation (109 hotels worldwide) from Grand Metropolitan PLC (U.K.) for approximately $1.8 billion. Mr. Koonce also arranged financing for the acquisition, including an additional $500 million in working capital. Inter-Continental was sold in 1998 to Bass PLC (U.K.) for approximately $3 billion.
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Hotel WashingtonWayne Koonce helped engineer the acquisition of this superbly located, yet tired, property in 2006 after decades of attempts by developers to acquire it. The property was totally renovated and reopened as a W Hotel – and the former owners represented by Mr. Koonce earned a record return.
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Grand Hotel du Cap FerratWayne Koonce orchestrated the acquisition of this property on the Cote d’Azur of France. He then oversaw a strategic review that led to its repositioning and the addition of a luxury residential component that, together, vaulted the property into the top ranks of luxury resorts worldwide. Since that time, this hotel has been named the Number One luxury resort in Europe.
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