Articles tagged “blackstone”

Blackstone Has Its Eye on Hotel Assets It Sold to Anbang

Blackstone Has Its Eye on Hotel Assets It Sold to Anbang

Bloomberg

Blackstone has its eyes on the assets it sold, and knows it can now get them at a fraction of the cost if it wants them. Not a bad position to be in.

2 weeks ago

Blackstone Is Paying $1.1 Billion to Buy Maui’s Grand Wailea Resort

Blackstone Is Paying $1.1 Billion to Buy Maui’s Grand Wailea Resort

Klaus Wille, Bloomberg

Blackstone, which still owns Hilton shares, has a penchant for making big hotel real estate deals involving the Waldorf-Astoria brand, doesn't it?

1 month ago

Motel 6 Hotels in Phoenix Gave Guest Information to Immigration Authorities

Motel 6 Hotels in Phoenix Gave Guest Information to Immigration Authorities

Justin Bachman, Bloomberg

At a time when we already feel like we are living in a high-stress environment, knowing that something like this can happen simply by checking into a hotel room is just awful. It's also the complete antithesis of what real hospitality is all about.

5 months ago

Blackstone Looking to Sell Seaplane Operator in the Maldives

Blackstone Looking to Sell Seaplane Operator in the Maldives

Vinicy Chan, Siddharth Philip and Jonathan Browning, Bloomberg

It isn't exactly equivalent to Blackstone cashing out of its Hilton Worldwide holdings, but the private equity group selling its stake in Trans Maldivian Airways would be a big deal for the Maldives nonetheless.

6 months ago

What Lies Ahead for Hilton and Its Newest Big Investor, HNA

What Lies Ahead for Hilton and Its Newest Big Investor, HNA

Hui-yong Yu, Bloomberg

Hilton's newest major investor could prove to be beneficial, if not challenging, for its future prospects and its share price.

7 months ago

Ctrip and Others Mull Buying Etraveli and Other Travel Brands

Ctrip and Others Mull Buying Etraveli and Other Travel Brands

Jonathan Browning, Sarah Syed, David Ramli, and Stefan Nicola, Bloomberg

Ctrip could do a much better job of boosting the margins from Etraveli, a profitable online agency in Sweden, than its current owner, German media group ProSiebenSat.1. That said, a deal is still conjecture today.

10 months ago

Citing Security Concerns, U.S. Officials Block Anbang’s Purchase of an Iconic Hotel

Citing Security Concerns, U.S. Officials Block Anbang’s Purchase of an Iconic Hotel

Hui-yong Yu and David McLaughlin, Bloomberg

This isn't exactly the outcome Blackstone or Anbang was hoping for, but the mostly completed Strategic Hotels deal now means Anbang has more U.S. hotel investments to its name, and reaffirms its position as a major player in hotel deals that have yet to emerge.

1 year ago

Chinese HNA Group Buys $6.5 Billion Stake in Hilton Worldwide

Chinese HNA Group Buys $6.5 Billion Stake in Hilton Worldwide

Associated Press

HNA Group's taste for hospitality acquisitions is seemingly endless. It will be interesting to see whether its latest deal causes complications in its purchase of Carlson Hotels or with its other shareholdings.

1 year ago

Anbang’s $6.5 Billion Purchase of Strategic Hotels Is Almost Complete

Anbang’s $6.5 Billion Purchase of Strategic Hotels Is Almost Complete

Hui-yong Yu , Bloomberg

If Anbang wants to make any more last-minute takeover bids for hotel companies worth billions, it needs to make sure it can close on them, which is why finishing the Strategic Hotels purchase is so important.

1 year ago

Revamped Amsterdam Neighborhood Lures Hipsters and Tourists

Revamped Amsterdam Neighborhood Lures Hipsters and Tourists

Dalia Fahmy and Anne van der Schoot, Bloomberg

The redevelopment of Amsterdam Noord reflects a trend in Europe and beyond where districts are turning old warehouses into housing and opening hipster attractions to tap into growing urbanization.

1 year ago

Blackstone to Sell $1.1 Billion in European Hotel Properties

Blackstone to Sell $1.1 Billion in European Hotel Properties

Neil Callanan and Dalia Fahmy, Bloomberg

Blackstone has a mixed strategy when it comes to buying and selling hotel real estate. Apparently it sees an opportunity to unload a few overvalued properties here.

2 years ago

Blackstone Is Confident Anbang Will Still Buy Strategic Hotels & Resorts

Blackstone Is Confident Anbang Will Still Buy Strategic Hotels & Resorts

Hui-yong Yu and David M. Levitt, Bloomberg

Anbang would still like to put money into hotels. But with Starwood out of the picture could it regroup and shop for something else instead?

2 years ago