Articles tagged “blackstone”

Hotels

Crown Resorts Shareholders Approve $6.3 Billion Sale to Blackstone

A step nearer for Blackstone, but a few gambling regulators dotted around Australia now get to have their say. It's not a done deal yet.

Harish Sridharan and Indranil Sarkar, Skift | 2 days ago
Crown Resorts Shareholders Approve $6.3 Billion Sale to Blackstone

Business Travel

Blackstone Gives Hotel Portfolio Access to Groups360 as Part of Wider $35 Million Funding Deal

Blackstone wants to capitalize on the upside of a travel recovery in hotels, and its investment in Groups360 is a small step. The upshot is it helps Groups360 triple the number of hotels it works with.

Matthew Parsons | 2 months ago
Blackstone Gives Hotel Portfolio Access to Groups360 as Part of Wider $35 Million Funding Deal

Hotels

U.S. Hotel Companies Largely Rebound to Profitability

Marriott, Hilton, Choice Hotels, and Wyndham all swung to profitability last year, per earnings reports this week. Even if Hyatt didn't, the other reports mostly amounted to a strong sign of recovery well under way for hotel companies with a significant presence in the U.S.

Cameron Sperance | 3 months ago
U.S. Hotel Companies Largely Rebound to Profitability

Coronavirus

Blackstone Makes $6.3 Billion Bid for Troubled Crown Resorts

Blackstone's streak of casino resort acquisitions now extends to Australia, but Crown Resorts is in more turmoil than the investment firm's prior resort purchases in Las Vegas. It's going to take years to right this ship.

Shashwat Awasthi and Byron Kaye, Reuters | 3 months ago
Blackstone Makes $6.3 Billion Bid for Troubled Crown Resorts

Coronavirus

How Hyatt Plans to Leverage Newly Acquired Apple Leisure for Global Growth

Hyatt is banking on a mix of organic brand growth as well as the $2.7 billion Apple acquisition to significantly ramp up its portfolio development in the next few years. All-inclusive resorts as well as the Hyatt Place brand are especially going to be the ones to watch.

Cameron Sperance | 4 months ago
How Hyatt Plans to Leverage Newly Acquired Apple Leisure for Global Growth

Tour Operators

Tour Operators Anxious for Japan Reopening and Other Top Travel Stories This Week

In Skift's top stories this week, tour operators prepare for Japan to reopen to tourists this year, short-term rental properties in the U.S. become more expensive, and Booking and Expedia develop Super Bowl ads.

Rashaad Jorden | 4 months ago
Tour Operators Anxious for Japan Reopening and Other Top Travel Stories This Week

Hotels

Marriott Flexes Its Extended Stay Muscle

Don’t let the multibillion-dollar deals from Blackstone and Starwood Capital for brands like Extended Stay America cloud one's brand judgment. Marriott is the massive player in the extended stay hotel sandbox — and has a leg up in appealing to more lucrative business travel.

Cameron Sperance | 4 months ago
Marriott Flexes Its Extended Stay Muscle

Coronavirus

Blackstone and Starwood’s $1.5 Billion Deal Throws Fuel on Extended Stay

Investors liked the durability and continual operation of extended-stay hotels during the worst of the pandemic. But a $1.5 billion play for a portfolio and not even the entire WoodSpring Suites brand shows where investors see travel demand concentrating during the recovery.

Cameron Sperance | 4 months ago
Blackstone and Starwood’s $1.5 Billion Deal Throws Fuel on Extended Stay

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 | 5 months 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 | 5 months ago
Hotel Companies and Governments Take Long View on Omicron Impact