Western States Lodging, LLC
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Western States Lodging, LLC - overview
Established
1996
Location
Salt Lake City, UT, US
Primary Industry
Commercial Property
About
Western States Lodging, LLC is engaged in the development, construction, and management of diverse properties such as hotels, senior living communities, and conference centers, catering to various demographics throughout the United States. Founded in 1996, Western States Lodging, LLC is based in Salt Lake City, US. The company focuses on property development and management, primarily serving the hospitality and senior living sectors. In 2009, Sorenson Capital acquired Western States & Legacy, LLC, although financial terms were not disclosed.
Western States Lodging Management and Development (WSLM) specializes in the development, construction, and management of a diverse portfolio, including hotels, senior living communities, multi-family housing, and conference centers. The company aims to address the demand for quality living spaces across urban and suburban areas in the United States, serving individual residents, corporate clients, and event planners. WSLM operates in various markets, primarily in the Western and Southwestern United States, targeting regions with high tourism and population growth. WSLM generates revenue through multiple channels, primarily involving direct service contracts and partnerships with property owners and developers.
The company collaborates with institutional investors and real estate developers, providing comprehensive project management and operational services, which include management fees for hotel operations and maintenance of living communities. WSLM also engages in revenue-sharing agreements with property owners, distributing profits based on predefined terms, ensuring competitive market positioning in the hospitality and real estate sectors. Currently, there are no specific details about upcoming product launches or expansions into new geographic markets. The most recent acquisition in 2009 may have influenced WSLM's strategic direction, but further details on future projects and their funding utilization are not disclosed.
Current Investors
Sorenson Capital
Primary Industry
Commercial Property
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living, Construction, Commercial Property
Website
www.wslm.biz
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Western States Lodging, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Western States Lodging, LLC | - |
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