Articles tagged “extended stay america”

Business Travel

Blackstone Gives Hotel Portfolio Access to Groups360 as Part of Wider $35 Million Funding Deal

Blackstone wants to capitalize on the upside of a travel recovery in hotels, and its investment in Groups360 is a small step. The upshot is it helps Groups360 triple the number of hotels it works with.

Blackstone Gives Hotel Portfolio Access to Groups360 as Part of Wider $35 Million Funding Deal

Hotels

U.S. Hotel Companies Largely Rebound to Profitability

Marriott, Hilton, Choice Hotels, and Wyndham all swung to profitability last year, per earnings reports this week. Even if Hyatt didn't, the other reports mostly amounted to a strong sign of recovery well under way for hotel companies with a significant presence in the U.S.

U.S. Hotel Companies Largely Rebound to Profitability

Business Travel

Selina, WeWork, Zoom to Help Europe Craft New Remote Work Policies

Politicians writing the new rules for the remote work economy need big industry names onboard. Hopefully they'll be able to cut through Brussels' characteristic bureaucracy and define something meaningful.

Selina, WeWork, Zoom to Help Europe Craft New Remote Work Policies

Hotels

Marriott Flexes Its Extended Stay Muscle

Don’t let the multibillion-dollar deals from Blackstone and Starwood Capital for brands like Extended Stay America cloud one's brand judgment. Marriott is the massive player in the extended stay hotel sandbox — and has a leg up in appealing to more lucrative business travel.

Marriott Flexes Its Extended Stay Muscle

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