Articles tagged “investments”

News Blog

Saudi Sovereign Wealth Fund to Pick 30 Percent Stake in Almosafer

Saudi Arabia's Public Investment Fund has proposed to acquire a 30 percent stake in Riyadh-based travel firm Almosafer — a subsidiary of Seera Group — for $412 million. As part of the pact, Seera’s destination management company — Discover Saudi and its Hajj and Umrah travel operator — Mawasim will fall under Almosafer. The Seera Group,…

Peden Doma Bhutia | 3 months ago

Hotels

Aman Resorts’ New Funding Set to Boost Its Niche Status in Luxury Travel

The Aman brand is not your billionaire father's ultra-luxury hotel. But can the brand retain its appeal with a rising generation as it scales to the size of Waldorf Astoria?

Sean O'Neill | 3 months ago
Aman Resorts’ New Funding Set to Boost Its Niche Status in Luxury Travel

Hotels

Blackstone Takes Stake in Hotel Owner Sunstone as Private Equity Eyes More Lodging Deals

In a turbulent financial market, players such as Blackstone are worth tracking because they usually have more wherewithal to invest in hotels than others do.

Sean O'Neill | 3 months ago
Blackstone Takes Stake in Hotel Owner Sunstone as Private Equity Eyes More Lodging Deals

News Blog

Aman Hotels Now Valued at $3 Billion After $900 Million Fresh Investment

Aman Group has received a $900 million investment from Saudi Arabia’s Public Investment Fund and Cain International, the London-based privately-held real estate investment firm. The transaction now values the Swiss hospitality brand at $3 billion, said Cain in a press statement. The investment will be used to enhance the existing portfolio, drive the construction pipeline…

Peden Doma Bhutia | 4 months ago

News Blog

Thai Energy Giant PTT Will Invest in Traveloka

Thailand-based public firm PTT Oil and Retail Business (PTTOR) is set to invest in Indonesian travel superapp Traveloka, through its subsidiary, PTTOR International Holdings Singapore. While the value of the investment has not yet been disclosed, the retail arm of Thailand's state-owned energy giant PTT, through its collaboration with Traveloka, aims to provide additional lifestyle solutions to…

Peden Doma Bhutia | 4 months ago

News Blog

Hotel Tech Vendor Mews Launches Investment Arm

Salesforce-backed Mews has launched a dedicated investment arm called Mews Ventures. The company, which provides enterprise software to hotels with what’s commonly known as a property management system, or PMS, said it wants to help shape the future of hospitality. Mews Ventures will focus on three areas: transformation, partnerships and product boosts. Mews founder Richard…

Matthew Parsons | 4 months ago

Hotels

Rising Interest Rates Are Scrambling Hotel Deal Calculations

Baron Ah Moo works for PKF Hospitality and is a former hotel CEO. So he's well-connected among private equity firms and other dealmakers. Here's what they're telling him now.

Sean O'Neill | 5 months ago
Rising Interest Rates Are Scrambling Hotel Deal Calculations

News Blog

Asia-Pacific Hotel Investment Volumes Rose to $7 Billion in First Half of 2022

Investment in the hotel sector in Asia Pacific continued to recover as investment volumes totaled $6.8 billion in the first six months of 2022, according to real estate brokerage firm JLL’s report. Capital deployment into the region’s hotels sector showed a return to pre-pandemic levels, registering a 12 percent increase compared to 2019. Countries in…

Peden Doma Bhutia | 5 months ago

News Blog

Online Travel Agency Kiwi Receives $105 Million in Investment

Kiwi.com, an online travel agency based in Brno, Czechia, said on Wednesday it had received an investment of $105 million (€100 million) from an unnamed "preeminent global institutional investor." The company didn't disclose the terms of the deal. General Atlantic had invested in the company before the pandemic. One of Kiwi.com's signature offerings is "virtual…

Sean O'Neill | 5 months ago

Hotels

Majority Stake in The Student Hotel Chain to Be Sold to Singapore, Dutch Funds

Singaporean fund GIC and Dutch pension manager APG are placing a bet on hybrid hospitality with this deal. While private student housing is an old model, The Student Hotel cleverly optimizes how it sells its space to students, travelers, and professionals needing co-working space, depending on shifting demand.

Sean O'Neill | 5 months ago
Majority Stake in The Student Hotel Chain to Be Sold to Singapore, Dutch Funds