Articles tagged “extended stay america”

Mergers and Acquisitions

10 Largest 2021 Travel Acquisitions Ripple Across Industry

Big names drove many of the top 10 travel mergers of the year. But among the largest deals, aircraft lessors, rail manufacturers and an online travel agency used the pandemic to scoop up infrastructure and technology to shore up their positions.

10 Largest 2021 Travel Acquisitions Ripple Across Industry

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

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

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.

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

Coronavirus

Why Hilton Grand Vacations Upped the Bid in $1.4 Billion Timeshare Takeover

Major travel companies like Hilton Grand Vacations are pumping millions, if not billions, of dollars into the idea travelers favor the familiarity of a brand. If it pays off, the vacuum of boutique offerings will be the next travel investment opportunity.

Why Hilton Grand Vacations Upped the Bid in $1.4 Billion Timeshare Takeover

Coronavirus

Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid?

Extended Stay America's significant hotel ownership, an industry anomaly these days, drove it to sell, or at least that was the C-suite argument. Buildings are getting old and need a lot of money to renovate. Major shareholders aren't buying that argument.

Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid?