Washington area business diary for week of June 10

June 9, 2013

Short takes on the week's announcements and deals.

Acquisitions

Annapolis-based Chesapeake Lodging Trust said it has purchased the 313-room Hyatt Fisherman’s Wharf in San Francisco from an affiliate of Chicago-based Hyatt Hotels for $103.5 million, or approximately $331,000 per room.

Bethesda-based Host Hotels & Resorts said it has acquired the 426-room Hyatt Place Waikiki Beach in Honolulu for $138.5 million from an affiliate of San Francisco-based Chartres Lodging Group and Morgan Stanley Real Estate Fund VII Global.

Rockville-based accounting and consulting firm Aronson said it has acquired Short Hills, N.J.-based wealth management consultancy SpringReef Partners. Terms were not disclosed.

Vancouver, British Columbia-based Avigilon said it has acquired Sterling-based RedCloud Security, a provider of virtual access control systems, for $17 million.

McLean-based back-office services company NeoSystems said it has acquired Reston-based information technology company MoCo IT. Terms were not disclosed.

Elkridge-based training and management consulting company GP Strategies said it has acquired Toronto-based software company Prospero Learning Solutions. Terms were not disclosed.

Missouri-based Ascension Health Ventures has acquired an undisclosed share of Bethesda-based GetWellNetwork, a developer of an interactive patient care system. Terms were not disclosed.

Expansions

McLean-based IT staffing and consulting company Digital Intelligence Systems said it is opening an office in Phoenix.

Herndon-based serviced apartment company BridgeStreet said it has developed a brand for the European market called ApartHotels by BridgeStreet. The company plans to open the first location in the United Kingdom in Birmingham in 2014.

Funding

Reston-based audience measurement company ComScore said it plans to repurchase up to $50 million in stock through May 2014.

Bethesda-based React Labs, a start-up commercializing a mobile platform for real-time polling, said it has received $100,00 from the Maryland Innovation Initiative.

— Compiled by Shawn Selby

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June 9, 2013

Short takes on the week's announcements and deals.

Acquisitions

Annapolis-based Chesapeake Lodging Trust said it has purchased the 313-room Hyatt Fisherman’s Wharf in San Francisco from an affiliate of Chicago-based Hyatt Hotels for $103.5 million, or approximately $331,000 per room.

Bethesda-based Host Hotels & Resorts said it has acquired the 426-room Hyatt Place Waikiki Beach in Honolulu for $138.5 million from an affiliate of San Francisco-based Chartres Lodging Group and Morgan Stanley Real Estate Fund VII Global.

Rockville-based accounting and consulting firm Aronson said it has acquired Short Hills, N.J.-based wealth management consultancy SpringReef Partners. Terms were not disclosed.

Vancouver, British Columbia-based Avigilon said it has acquired Sterling-based RedCloud Security, a provider of virtual access control systems, for $17 million.

McLean-based back-office services company NeoSystems said it has acquired Reston-based information technology company MoCo IT. Terms were not disclosed.

Elkridge-based training and management consulting company GP Strategies said it has acquired Toronto-based software company Prospero Learning Solutions. Terms were not disclosed.

Missouri-based Ascension Health Ventures has acquired an undisclosed share of Bethesda-based GetWellNetwork, a developer of an interactive patient care system. Terms were not disclosed.

Expansions

McLean-based IT staffing and consulting company Digital Intelligence Systems said it is opening an office in Phoenix.

Herndon-based serviced apartment company BridgeStreet said it has developed a brand for the European market called ApartHotels by BridgeStreet. The company plans to open the first location in the United Kingdom in Birmingham in 2014.

Funding

Reston-based audience measurement company ComScore said it plans to repurchase up to $50 million in stock through May 2014.

Bethesda-based React Labs, a start-up commercializing a mobile platform for real-time polling, said it has received $100,00 from the Maryland Innovation Initiative.

— Compiled by Shawn Selby

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