Nancy Trejos, Skift
MGM Resorts has agreed to sell two of its most notable Las Vegas properties, MGM Grand and Mandalay Bay, to a joint venture including real estate giant Blackstone. The company is going asset-light following its sale of the Bellagio last year.
1 month ago
Kiel Porter and Gillian Tan, Bloomberg
Great Wolf Resorts has had a few private equity owners in its recent history and another one clearly thinks there is more money to squeeze out of the business.
5 months ago
Manuel Baigorri, David Hellier, and Gillian Tan, Bloomberg
It looks like a bidding war is on for Anbang's luxury hotel portfolio. Investor Richard Faber has turned to sovereign wealth funds to outspend the other investment groups jockeying to win the deal.
7 months ago
Bloomberg
What are hotel portfolios to the Blackstone Group if not mere commodities to be bought, sold, and reacquired. The real estate giant has done this several times before, and may do it again with the Anbang portfolio unless another bidder prevails.
8 months ago
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.
1 year 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.
1 year ago
Patrick Clark, Bloomberg
Looks like slow and steady won the race for Pebblebrook, even in going up against private equity behemoth Blackstone.
1 year 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.
1 year 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.
2 years 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.
2 years 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?
2 years ago
Gillian Tan, Bloomberg
Consolidation is happening throughout the hospitality industry, and not just among the brands.
2 years ago
