Gillian Tan, Bloomberg
Like HNA, Anbang is busy trying to get rid of the assets it bought during its well-publicized acquisition spree. Finding a new home for the group of properties formerly known as Strategic Hotels, shouldn't be too difficult.
6 months ago
Gillian Tan, Bloomberg
These potential suitors all have their own reasons for wanting to buy Belmond, but a bigger question looms as to why the company is deciding to put itself up for sale now after years of rebuffing the idea and years of underperformance.
8 months ago
Patrick Clark, Bloomberg
Looks like slow and steady won the race for Pebblebrook, even in going up against private equity behemoth Blackstone.
9 months ago
Gillian Tan, Bloomberg
As the saying goes, it's not over until it's really over. Or in this case, until LaSalle makes up its mind.
9 months ago
Sean O'Neill, Skift
Roll up, roll up, roll up! No, that's not a lyric from a song by either The Struts or Fitz and the Tantrums. That's instead the call of Blackstone, which has bought events tech provider PSAV with a likely plan of creating more roll-up mergers with similar vendors.
9 months ago
George Smith Alexander and P R Sanjai, Bloomberg
Jet Airways is in a race to raise cash as its pile of debt balloons. Blackstone is reportedly discussing a valuation of around $400 million to $500 million for the Indian carrier's loyalty arm, but the bigger financial picture remains troubled.
9 months ago
Gillian Tan, Bloomberg
The drama between LaSalle and Pebblebrook continues. Who said the Marriott-Starwood-Anbang affair would be the only dramatic hospitality merger we'd see?
11 months ago
Gillian Tan, Bloomberg
Consolidation is happening throughout the hospitality industry, and not just among the brands.
12 months ago
Gillian Tan, Bloomberg
That didn't take long. No sooner did private equity powerhouse Blackstone say it was exiting Hilton completely than it emerges three days later with a bid for LaSalle Hotel Properties. Maybe the $14 billion it made on Hilton has something to do with being keen to get back into hotels.
1 year ago
Deanna Ting, Skift
Now we have to wonder: What will Blackstone buy next?
1 year ago
Gillian Tan, Bloomberg
The hospitality world all wondered when private equity powerhouse Blackstone would take its exit from Hilton. Now we know. So ends a storied chapter where Blackstone took Hilton private, and then public. All along the way, you know Blackstone was lining its pockets.
1 year ago
Gillian Tan, Bloomberg
Mergers and acquisitions between hotel brands was just the start. Expect to see more mergers take place between the hotel owners and real estate investment trusts going forward.
1 year ago