D.C. area business diary for week of Dec. 2

December 1, 2013

Short takes on the week's announcements and deals.

Acquisitions

Falls Church-based security services company Kastle Systems International said it has bought New York-based Mutual Central Alarm Services and Stat-Land Security Systems. Terms were not disclosed.

Fairfax-based TEOCO, a developer of assurance and analytics software, said it will acquire U.K.-based Aircom International, which makes network software. Terms were not disclosed.

Bethesda-based hotel real estate investment trust DiamondRock Hospitality said it has completed its sale of the 487-room Torrance Marriott South Bay to China-based real estate developer Sichuan Xinglida Group for $76 million.

Bethesda-based hotel real estate investment trust Host Hotels & Resorts said it has sold the 244-room Four Seasons Hotel Atlanta for $62 million to Kirkland, Wash.-based private investment firm Cascade Investment.

Call for nominations

Fairfax-based Women In Technology has opened nominations for its 15th Annual Leadership Awards, which honor women in the technology sector in the Washington area. Deadline is Dec. 20. Visit www.womenintechnology.com for more information.

The Annapolis-based Chesapeake Regional Tech Council has opened nominations for its 2014 TechAwards. The deadline is Jan. 24. Visit www.chesapeaketech.org for more information.

Other

District-based private equity giant Carlyle Group said it has closed its Carlyle Partners VI, a $13 billion fund that invests in corporate buyouts and strategic minor investments in six industries. The fundraising began in 2011 with a $10 billion target.

— Compiled by Shawn Selby

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