Washington area business diary for week of June 24

Short takes on the week's announcements and deals.

Acquisitions

Arlington-based Interstate Hotels & Resorts said it has acquired the 382-room Sheraton Orlando North through its joint venture with Waramaug Hospitality. Terms were not disclosed.

Elkridge-based training and management consulting company GP Strategies said it has acquired U.K.-based Lorien Engineering Solutions. Terms were not disclosed.

District-based private equity firm Halifax Group said it has teamed with the management of Envision Pharma to acquire the Southport, Conn.-based technology and scientific communications company. Terms were not disclosed.

Bethesda-based RLJ Lodging Trust said it has acquired the 399-room Courtyard by Marriott Waikiki Beach in Hawaii for $75.3 million.

Arlington-based Worldwide Speakers Group said it has acquired Richmond-based Arnett & Associates. Terms were not disclosed.

Expansions

Portland, Ore.-based roofing company Columbia Green Technologies said it is opening an office in the District.

Bethesda-based health care company Chindex said it has opened its Beijing United Family Rehabilitation Hospital, a 100-bed facility in China.

Funding

District-based tech start-up Virtu has raised $3 million through an offering of notes, according to a filing with the Securities and Exchange Commission.

District-based technology start-up SocialRadar said it raised $12.75 million in its first round of funding.

Moves

Greenbelt-based Retina Group of Washington said it has moved its Chevy Chase office to 5454 Wisconsin Ave., Suite 650, Chevy Chase, MD 20815.

Bethesda-based nonprofit Hope Connections for Cancer support said it has moved to 9650 Rockville Pike, Bethesda, MD 20814.

Name changes

District-based content marketing software company Speakerfile said it has changed its name to ExpertFile.

Nonprofits

The District-based Homeownership Preservation Foundation said it has received a $3 million grant from the Department of Housing and Urban Development to fund its housing counseling services.

Tysons Corner-based Cardinal Bank said it has raised $250,000 from its annual charity golf event for Fairfax-based Inova Kellar Center.

Bethesda-based Hope Connections for Cancer Support said it received a $20,200 grant from the Easton-based Quality Health Foundation to expand its Young Adults with Cancer support group.

Pharmaceuticals

Rockville-based Rexahn Pharmaceuticals said it has been issued a patent for a series of anti-tumor quinazoline compounds.

— Compiled by Shawn Selby

 
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