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Articles tagged “extended stay america”

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?

Coronavirus

Japan Added Thousands of Hotel Rooms Ahead of the Olympics: Now What?

The pandemic shows just how futile it is to build a hotel just for the sake of an event like the Olympics. Real estate is a long-term play.

Japan Added Thousands of Hotel Rooms Ahead of the Olympics: Now What?

Coronavirus

Extended Stay America Wants All These Pandemic Profits to Be Part of Its Model After the Crisis

Longer-term stays may buoy Extended Stay America through the pandemic, but the company aims to build up its business traveler base to garner greater profits post-pandemic.

Extended Stay America Wants All These Pandemic Profits to Be Part of Its Model After the Crisis

Coronavirus

Extended Stay America Outperforms Other Hotels by Doubling Down on Longer Stays

Repositioning properties to function more like apartments than hotels is a financial savior for Extended Stay America.

Extended Stay America Outperforms Other Hotels by Doubling Down on Longer Stays

Coronavirus

Private Equity Investor Blackstone Downplays Its Pain From Battered Hotels

Blackstone may not have a lot of exposure to the hotel industry today, but that doesn't mean the investment firm isn't on the hunt for distressed hospitality investment opportunities during the pandemic.

Private Equity Investor Blackstone Downplays Its Pain From Battered Hotels

Coronavirus

Your Guide to Hotel Companies’ Coronavirus Safety and Cleaning Initiatives

Hotel companies' similar new and heightened health and safety standards don't leave a lot of room for brand distinction unless the brand is the one lacking a new approach to cleaning.

Your Guide to Hotel Companies’ Coronavirus Safety and Cleaning Initiatives

Coronavirus

What a Covid-Paralyzed Travel Industry Can Learn From the Financial Crisis: New Skift Research

History doesn’t repeat, but it often rhymes. While Covid-19 has different root causes than the financial crisis of 2008, there are still lessons to be learned from the last crisis that apply to travel today.

What a Covid-Paralyzed Travel Industry Can Learn From the Financial Crisis: New Skift Research