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Choice Hotels to acquire WoodSpring hotel brands

Choice Hotels International has agreed to acquire the brand and franchise business of WoodSpring Suites from WoodSpring Hotels Holdings, for approximately $231 million, PE Hub reported. WoodSpring Hotels Holdings LLC is a portfolio company of Lindsay Goldberg. Moelis & Company is serving as financial advisor to Choice Hotels on the transaction while Morgan Stanley is advising WoodSpring.

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commercial real estate deals,M&A,mergers and acquisitions,commercial real estate