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Articles tagged “blackstone”

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.

Cameron Sperance | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Ankit Ajmera, Reuters | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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.

Cameron Sperance, Skift | 3 years ago

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

Coronavirus

Hilton Shows Investing in Lifestyle Hotels Isn’t Solely About the Trendy

Lifestyle hotels come in many forms, with some focused more on the hip and trendy while, others like Hilton see it as an opportunity to scale up more experiential and food-focused properties around the world. Long story short: we still don't have a textbook definition for what a lifestyle hotel actually is.

Cameron Sperance, Skift | 3 years ago

Hilton Shows Investing in Lifestyle Hotels Isn’t Solely About the Trendy

Coronavirus

Where Las Vegas Sands Could Park the $6.25 Billion From Its Sin City Resort Sale

Leaving Las Vegas gives Las Vegas Sands more than $6 billion in capital to beef up non-gaming assets in markets like Singapore and Macau and potentially dip its toes in the uncharted gambling waters of Texas.

Cameron Sperance, Skift | 3 years ago

Where Las Vegas Sands Could Park the $6.25 Billion From Its Sin City Resort Sale