Southern Utah University Breaks Ground on its New $37.5 Million, 44,000-Square-Foot Music Center
Construction is slated to start in June 2024, with completion targeted in time to host classes beginning with the fall 2026 semester.
NEWS BRIEF: Florida's Driftwood Capital Lands a $33 Million Refinancing for its Sheraton Park City Hotel
Coral Gables, Florida-based Driftwood Capital has secured $33 million in capital from Goldman Sachs to refinance the Sheraton Park City Hotel in Park City, Utah.
Backed by over 1,200 active accredited investors, Driftwood specializes in acquiring and managing hospitality properties (primarily hotels).
It currently owns over 85 properties with
Utah's Most Valuable Public Company, Extra Space Storage, is Raising up to $800 Million in a Secondary Shelf Offering
The market valuation of Extra Space Storage is "over four times greater than Utah's next two highest valued publicly traded firms (as of yesterday's market close):" HealthEquity and Zions Bancorporation.
Kinect Capital Welcomes 23 Presenting Companies to this Week's Investor Choice Conference in Salt Lake City
"According to Kinect Capital, its data says that since 2009 Investors Choice alumni firms have raised over $1.2 billion in investment capital while also achieving financial exits of over $10 billion."
The Rumors Were True: The NHL is Coming to Utah
There are two things many mainstream journalists and media outlets got wrong about this deal: 1) Ryan & Ashley Smith did NOT buy the Arizona Coyotes; they bought the hockey assets of the Coyotes; and 2) They bought the rights to an NHL franchise from the National Hockey League.
The Property of Five Utah Hospitals has Changed Hands in a Transaction that Values them at Just Under $1.2 Billion
A 75% ownership stake in the real estate of 1) Davis Hospital and Medical Center, 2) Jordan Valley Medical Center, 3) Jordan Valley Medical Center-West Valley Campus, 4) Mountain Point Medical Center, and 5) Salt Lake Regional Medical Center have been sold by Alabama's Medical Properties Trust to
The Underwriters of the PACS Group IPO have Exercised their Option to Purchase ~3.21 Million Shares of Common Stock from the Company's Co-Founders
Yesterday evening, Farmington, Utah-based PACS Group (NYSE:PACS) announced that the underwriters of the company's just completed initial public offering have exercised their 30-day option to purchase ~3.21 million shares of PACS common stock from the firm's co-founders at the offering price of $21.00/