Articles tagged “blackstone”

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?

3 weeks 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.

1 month 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.

2 months 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?

2 months 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.

2 months 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.

3 months ago

Blackstone Is Looking to Sell 15 Select-Service Hotels

Blackstone Is Looking to Sell 15 Select-Service Hotels

Gillian Tan, Bloomberg

A potential Blackstone sale of 15 select-service properties in the United States would amount to only a fraction of its footprint in this hospitality sector. Blackstone has been an astute hospitality/real estate investor and this deal looks like a routine part of its plan to cash out at a profit.

3 months ago

Blackstone Worries New Law Could End Sale of Hotel Stakes to Chinese Investors

Blackstone Worries New Law Could End Sale of Hotel Stakes to Chinese Investors

Melissa Mittelman, Bloomberg

While Chinese investment money has been drying up because of Chinese government policies, there has been scant attention paid on the flip side to the U.S. Congress trying to increase regulatory scrutiny over foreign investment. The double-edged sword doesn't bode well for U.S. companies looking for Chinese and other foreign buyers.

5 months ago

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.

5 months 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?

6 months 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.

10 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.

11 months ago