Articles tagged “hna”

Page 2

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

China’s Biggest Hospitality Dealmakers May Be Sidelined for Good

Daniel Meesak, Jing Travel

Just two years ago, insurance company Anbang surprised the world with its bid to buy Starwood. Now it and other Chinese companies that went on global shopping sprees are stuck with an impossible bill — and a government that doesn't approve of the purchases.

1 year ago

What Now for Hilton After HNA Sells Stake?

What Now for Hilton After HNA Sells Stake?

Deanna Ting, Skift

Now the question arises, who will buy the HNA stake and what does it all mean for Hilton?

1 year ago

China’s Super Aggressive Sunac Picking Up Troubled Travel Assets

China’s Super Aggressive Sunac Picking Up Troubled Travel Assets

Daniel Meesak, Jing Travel

Sunac's valuation is skyrocketing as it buys up other companies' assets to fuel its own growth. But will its strategy backfire as debt mounts? And what does all the turnover mean for the travel industry in China?

1 year ago

Is Hilton Hotels Next on HNA’s Asset-Selloff List?

Is Hilton Hotels Next on HNA’s Asset-Selloff List?

Patrick Clark, Bloomberg

While Hilton can probably weather through a sale of its shares owned by HNA, the bigger question is what happens to a company like Carlson Hotels, which is now 100 percent owned by HNA?

2 years ago

HNA Group Sells Stake in Hilton Grand Vacations for $1.1 Billion

HNA Group Sells Stake in Hilton Grand Vacations for $1.1 Billion

Prudence Ho, Bloomberg

HNA Group has achieved what nobody thought possible: Making money on a time-share investment.

2 years ago

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills

Bloomberg

Chinese regulators are getting tough with cash-strapped HNA's Hainan Airlines, but not too tough because they don't want customers causing disturbances at the nation's airports when flights get cancelled.

2 years ago

Blackstone Worries New Law Could End Sale of Hotel Stakes to Chinese Investors

Blackstone Worries New Law Could End Sale of Hotel Stakes to Chinese Investors

Melissa Mittelman, Bloomberg

While Chinese investment money has been drying up because of Chinese government policies, there has been scant attention paid on the flip side to the U.S. Congress trying to increase regulatory scrutiny over foreign investment. The double-edged sword doesn't bode well for U.S. companies looking for Chinese and other foreign buyers.

2 years ago

NH Hotels Fears a Rival May Buy Chinese Investor HNA’s Stake

NH Hotels Fears a Rival May Buy Chinese Investor HNA’s Stake

Patrick Whyte, Skift

NH Hotels has been on a corporate rollercoaster ride over the past couple of years with HNA Group’s minority shareholding being the principle catalyst. Things have quieted down recently but harmony likely depends on the identity of the new investor.

2 years ago

China Takes Control of New York Waldorf Astoria Owner Anbang

China Takes Control of New York Waldorf Astoria Owner Anbang

Bloomberg

The Chinese government is trying to contain the economic fallout from Anbang's over-reaching. From a long-term perspective, Starwood dodged a bullet when it ended up in Marriott's arms instead of the opaque Chinese insurance conglomerate.

2 years ago

Hilton’s CEO Says New York’s Waldorf Astoria Is Not for Sale

Hilton’s CEO Says New York’s Waldorf Astoria Is Not for Sale

Patrick Clark, Bloomberg

Sure, it's not for sale. But wouldn't things be easier for everyone if it was?

2 years ago

Carlson Rezidor Is Rebranding Itself as Radisson Hotel Group

Carlson Rezidor Is Rebranding Itself as Radisson Hotel Group

Deanna Ting, Skift

Carlson Rezidor hasn't taken advantage of its vast potential. This new name and strategy may help.

2 years ago

HNA Is Dismantling Its Travel Acquisitions and Banks Are Profiting

HNA Is Dismantling Its Travel Acquisitions and Banks Are Profiting

Ben Scent, Bloomberg

We all knew this wouldn't last. But Hilton and NH will come out of this period based on their strengths prior to the HNA investment.

2 years ago