A total of 171 Private Equity/Venture Financing deals (pending and completed) were announced in the Travel and Tourism of United States, in the last twelve months resulting in a total deal value of over $24,558.5 million. In the LTM period, February 2022 turned out to be the most prolific in terms of deal size, with a total deal value of $7,176.9 million, resulting in an average deal value of $478.5 million during that month. On the other hand, the month of June 2021 was the most prolific in terms of deal volume, recording a total of 18 deals, resulting in an average deal value of $11.0 million during that month.
Of the 171 deals, the deal secured between Apollo Global Management Inc; VICI Properties Inc and The Palazzo at The Venetian Resort, was the largest Private Equity/Venture Financing deal in the United States Travel and Tourism sector, which was valued at $6,250.0 million and was completed on February 23, 2022. The second-largest deal was between Bain Capital LP; MBK Partners Ltd and Mohegan Gaming & Entertainment - US, while the third-largest deal was between Saluda Grade and AvantStay Inc. The Bain Capital LP; MBK Partners Ltd-Mohegan Gaming & Entertainment - US deal and the Saluda Grade-AvantStay Inc deal were valued at $575.0 million and $500.0 million, respectively. The fourth-largest deal was between Miami Investment Fund-Trump International Hotel Washington DC valued at $375.0 million, whereas the deal between Blackstone Real Estate Advisors-Condor Hospitality Trust Inc valued at $305.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $8,005.0 million and accounted for nearly 32.60% of the total deals (by value) announced during the last twelve months.
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