Articles tagged “brookfield”

Hilton’s Diplomat Beach Resort Hollywood Could Fetch $1 Billion

Hilton’s Diplomat Beach Resort Hollywood Could Fetch $1 Billion

Patrick Clark and Gillian Tan, Bloomberg

Brookfield paid $460 million for the Florida resort in 2014. It could now fetch $1 billion. That is what asset management companies do.

1 month ago

Minor Out of Race for India’s Leela Luxury Hotels as Brookfield Closes In

Minor Out of Race for India’s Leela Luxury Hotels as Brookfield Closes In

Raini Hamdi, Skift

Leela Hotels would be nice for anyone to have, because of its storied name and luxurious feel. Minor backing off shows its discipline in investing.

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.

10 months ago

Airbnb Is Getting a $200 Million Boost to Build Its Hotel-Like Apartment Business

Airbnb Is Getting a $200 Million Boost to Build Its Hotel-Like Apartment Business

Deanna Ting, Skift

Airbnb is getting into the very business it has spent the past decade disrupting. Will Niido Powered by Airbnb usher in an era of co-living residences that encourage homesharing?

1 year ago