It's a hostel takeover. Several leading institutional names have invested in European hostel brands in the past 30 months, essentially underwriting the bunk bed.
The deal comes as the aircraft leasing industry is becoming increasingly more consolidated. Air Lease will now have SMBC’s financial backing, and perhaps even more industry influence as a result of this deal.
Soho House has been unprofitable for most years of operation since its founding in London in 1995. But it just posted its third straight quarterly profit.
With a bid coming across the table as late as last week, will Tripadvisor's proposed acquisition of Liberty Tripadvisor close as scheduled by June? If it gets that far, there could be all kinds of deal possibilities in Tripadvisor's future.
Today's podcast looks at the latest airline to pull from China, new trends for business travel, and what the Travel Corporation acquisition means for private equity deals.