Articles tagged “blackstone”

Coronavirus

Expect a Hotel Dealmaking Deluge This Year

With the two-year anniversary of the pandemic just around the corner, hotel companies are going to be eager to buy and sell around the premise the travel industry is settling into a new normal.

Cameron Sperance | 3 weeks ago
Expect a Hotel Dealmaking Deluge This Year

Coronavirus

Hotel Companies and Governments Take Long View on Omicron Impact

The world may be on edge with a surge of new cases stemming from the Omicron variant, but governments are generally staying the course in keeping borders open. Hotel companies are maintaining growth mode with new deals and a potential blockbuster sale.

Cameron Sperance | 4 weeks ago
Hotel Companies and Governments Take Long View on Omicron Impact

Hotels

Hilton, Accor Won’t Have a China Growth Story to Tell Shareholders This Week

Hotel executives presented China as a definitive, massive growth opportunity to shareholders during the pandemic. But volatility in the development world as well as tough government oversight mean CEOs at companies like Hilton, Accor, and Wyndham need to find a new way to show strength.

Cameron Sperance | 3 months ago
Hilton, Accor Won’t Have a China Growth Story to Tell Shareholders This Week

Hospitality

Blackstone Claims Most Profitable Asset Sale With $5.6 Billion Cosmopolitan Deal

This record-breaking profit on the Cosmopolitan of Las Vegas proves Sin City continues to be Blackstone’s playground for dealmaking.

Cameron Sperance | 4 months ago
Blackstone Claims Most Profitable Asset Sale With $5.6 Billion Cosmopolitan Deal

Hospitality

Blackstone’s $305 Million Hotel Grab Shines Light on Acquisition Climate

Major real estate and investment groups like Blackstone and MCR Hotels will garner the most headlines around hotel acquisitions coming out of the pandemic. There's simply not enough brands out there for a company like Marriott to make a splash on the M&A front.

Cameron Sperance | 4 months ago
Blackstone’s $305 Million Hotel Grab Shines Light on Acquisition Climate

Coronavirus

Blackstone Hungry for More Travel Assets Beyond $6 Billion Extended Stay Deal

Blackstone wants to capitalize on the upside of a travel recovery and invest in leisure and hospitality assets, but who doesn’t? There’s a ton of capital waiting on the sidelines competing for potential deals, which may not be that much of an opportunity after prices go up in bidding wars.

Cameron Sperance, Skift | 6 months ago
Blackstone Hungry for More Travel Assets Beyond $6 Billion Extended Stay Deal

Coronavirus

Extended Stay America CEO on the Brand’s Next Steps After $6 Billion Takeover

Extended Stay America's launch of a higher-end brand isn't the sign of new owners Blackstone and Starwood Capital wanting some grandiose push into the upscale sector. It's about appealing to a segment of business travelers who may not have considered the brand as an option in the past.

Cameron Sperance, Skift | 7 months ago
Extended Stay America CEO on the Brand’s Next Steps After $6 Billion Takeover

Coronavirus

MGM Resorts Plans Nearly $4 Billion Las Vegas Hotel and Casino Sale to Blackstone

The future of a casino empire has less to do with owning mega-resorts and more with operations and innovation around things like internet gaming. MGM Resorts continues its streak of sale-leaseback deals with Blackstone to maintain its Las Vegas presence but shed real estate ownership.

Ankit Ajmera, Reuters | 7 months ago
MGM Resorts Plans Nearly $4 Billion Las Vegas Hotel and Casino Sale to Blackstone

Coronavirus

Soho House IPO Filing Reveals Plan to Leverage Cool Factor for Better Rent

Nothing in life (and business) is fair. Soho House is able to expand at lower development costs with a special landlord-tenant relationship unavailable to the average mom-and-pop company.

Cameron Sperance, Skift | 7 months ago
Soho House IPO Filing Reveals Plan to Leverage Cool Factor for Better Rent

Coronavirus

Extended Stay America Shareholders Approve Blackstone and Starwood’s $6 Billion Takeover

Blackstone and Starwood Capital's approved takeover of Extended Stay America is a major win for investors who have been salivating over any kinda of mega-hotel deal coming out of the pandemic. But the turbulent road to the finish line shows shareholders are still not going to accept lowball offers.

Cameron Sperance, Skift | 7 months ago
Extended Stay America Shareholders Approve Blackstone and Starwood’s $6 Billion Takeover