Articles tagged “blackstone”

Anbang Steps Up Attempt to Sell Luxury Hotels Portfolio

Anbang Steps Up Attempt to Sell Luxury Hotels Portfolio

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

Hilton, Hyatt, and Blackstone Eyeing Belmond Hotels

Hilton, Hyatt, and Blackstone Eyeing Belmond Hotels

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

LaSalle Spurns Blackstone By Picking Its Hotel Real Estate Rival for $5.2 Billion

LaSalle Spurns Blackstone By Picking Its Hotel Real Estate Rival for $5.2 Billion

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

Investment Group LaSalle Hotel Properties Reconsiders Blackstone’s Takeover Offer

Investment Group LaSalle Hotel Properties Reconsiders Blackstone’s Takeover Offer

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

Blackstone’s Acquisition of Audiovisual Firm Shines a Spotlight on Event Production

Blackstone’s Acquisition of Audiovisual Firm Shines a Spotlight on Event Production

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

Blackstone May Take a Stake in the¬†Loyalty Program of India’s Jet Airways

Blackstone May Take a Stake in the¬†Loyalty Program of India’s Jet Airways

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

LaSalle Believes Rival Bidder Inappropriately Bought Its Shares

LaSalle Believes Rival Bidder Inappropriately Bought Its Shares

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

Pebblebrook Hotel Trust Looks to Prevent Blackstone From Buying Its Rival

Pebblebrook Hotel Trust Looks to Prevent Blackstone From Buying Its Rival

Gillian Tan, Bloomberg

Consolidation is happening throughout the hospitality industry, and not just among the brands.

12 months ago

Blackstone Swoops Back Into Hotels With $4.8 Billion Offer for LaSalle

Blackstone Swoops Back Into Hotels With $4.8 Billion Offer for LaSalle

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

What Private Equity Giant Blackstone Has Meant to Hilton

What Private Equity Giant Blackstone Has Meant to Hilton

Deanna Ting, Skift

Now we have to wonder: What will Blackstone buy next?

1 year ago

Investment Firm Blackstone Reportedly to Sell Remaining Stake in Hilton

Investment Firm Blackstone Reportedly to Sell Remaining Stake in Hilton

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

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Blackstone, Starwood and Others Eye Upscale Hotels Owner

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