Versa Capital Acquires Bridgestreet Global Hospitality

Law360, New York (March 5, 2014, 7:01 PM EST) -- An affiliate of Philadelphia-based private equity firm Versa Capital Management LLC has acquired corporate housing supplier BridgeStreet Global Hospitality for an undisclosed amount, the companies said Tuesday.

Versa’s acquisition of the Herndon, Va.-based BridgeStreet, which supplies serviced apartments mostly to long-term business travelers, is expected to boost BridgeStreet's international presence and create new opportunities for development projects and sound long-term growth, the companies said.

Versa declined to disclose how much it paid to acquire BridgeStreet. However, the private equity firm said in a statement that BridgeStreet...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.