Adventure Travel Lodging Company - Exit Strategy
EXIT STRATEGY
There are two possible exit scenarios:
- DPO (Direct Public Offering)
- Buy Out
DPO: If a Direct Public Offering is agreed upon, CTAG will seek new capital to add new properties and cash out investors. Each investor would have the choice of retaining some or all of their ownership. The exact amounts involved would have to be agreed upon at that time.
Buy Out: The buy–out option may present itself even sooner that projected. Currently there is a mass consolidation taking place in the travel/lodging industry. Large hospitality companies like Starwood and Intrawest are acquiring existing properties at an alarming rate. (Starwood has committed to acquiring over 300 properties within the next year.)
Intrawest, dealing mainly in the golf and ski travel industry, has recently closed a deal with CMH (Canadian Mountain Holidays). CMH, the world's largest Heli–Ski outfitter, has sold off 50 percent of its...
[The entire page is 204 words long]
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
Navigate
