Page 2

Articles tagged “extended stay america”

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.

Cameron Sperance | 2 years ago

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.

Dennis Schaal | 2 years ago

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.

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

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

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.

Cameron Sperance, Skift | 3 years ago

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