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Articles tagged “blackstone”

Hotels

Hilton, Accor Won’t Have a China Growth Story to Tell Shareholders This Week

Hotel executives presented China as a definitive, massive growth opportunity to shareholders during the pandemic. But volatility in the development world as well as tough government oversight mean CEOs at companies like Hilton, Accor, and Wyndham need to find a new way to show strength.

Hilton, Accor Won’t Have a China Growth Story to Tell Shareholders This Week

Hotels

Blackstone Claims Most Profitable Asset Sale With $5.6 Billion Cosmopolitan Deal

This record-breaking profit on the Cosmopolitan of Las Vegas proves Sin City continues to be Blackstone’s playground for dealmaking.

Blackstone Claims Most Profitable Asset Sale With $5.6 Billion Cosmopolitan Deal

Hotels

Blackstone’s $305 Million Hotel Grab Shines Light on Acquisition Climate

Major real estate and investment groups like Blackstone and MCR Hotels will garner the most headlines around hotel acquisitions coming out of the pandemic. There's simply not enough brands out there for a company like Marriott to make a splash on the M&A front.

Blackstone’s $305 Million Hotel Grab Shines Light on Acquisition Climate

Coronavirus

Blackstone Hungry for More Travel Assets Beyond $6 Billion Extended Stay Deal

Blackstone wants to capitalize on the upside of a travel recovery and invest in leisure and hospitality assets, but who doesn’t? There’s a ton of capital waiting on the sidelines competing for potential deals, which may not be that much of an opportunity after prices go up in bidding wars.

Blackstone Hungry for More Travel Assets Beyond $6 Billion Extended Stay Deal

Coronavirus

Extended Stay America CEO on the Brand’s Next Steps After $6 Billion Takeover

Extended Stay America's launch of a higher-end brand isn't the sign of new owners Blackstone and Starwood Capital wanting some grandiose push into the upscale sector. It's about appealing to a segment of business travelers who may not have considered the brand as an option in the past.

Extended Stay America CEO on the Brand’s Next Steps After $6 Billion Takeover

Coronavirus

MGM Resorts Plans Nearly $4 Billion Las Vegas Hotel and Casino Sale to Blackstone

The future of a casino empire has less to do with owning mega-resorts and more with operations and innovation around things like internet gaming. MGM Resorts continues its streak of sale-leaseback deals with Blackstone to maintain its Las Vegas presence but shed real estate ownership.

MGM Resorts Plans Nearly $4 Billion Las Vegas Hotel and Casino Sale to Blackstone

Coronavirus

Soho House IPO Filing Reveals Plan to Leverage Cool Factor for Better Rent

Nothing in life (and business) is fair. Soho House is able to expand at lower development costs with a special landlord-tenant relationship unavailable to the average mom-and-pop company.

Soho House IPO Filing Reveals Plan to Leverage Cool Factor for Better Rent

Coronavirus

Extended Stay America Shareholders Approve Blackstone and Starwood’s $6 Billion Takeover

Blackstone and Starwood Capital's approved takeover of Extended Stay America is a major win for investors who have been salivating over any kinda of mega-hotel deal coming out of the pandemic. But the turbulent road to the finish line shows shareholders are still not going to accept lowball offers.

Extended Stay America Shareholders Approve Blackstone and Starwood’s $6 Billion Takeover

Hotels

This Week’s $6 Billion Extended Stay America Takeover Vote — What to Expect

Blackstone and Starwood Capital's extra $180 million sweetens the pot for the planned Extended Stay America takeover, but this is no done deal. There is still a very loud opposing group of shareholders that could sway the vote this week.

This Week’s $6 Billion Extended Stay America Takeover Vote — What to Expect

Coronavirus

Blackstone and Starwood Boost Offer for Extended Stay Ahead of Vital Shareholder Vote

Blackstone and Starwood Capital blinked, bowing to critics on what they deemed a lowball offer for Extended Stay America.

Blackstone and Starwood Boost Offer for Extended Stay Ahead of Vital Shareholder Vote