Page 2

Articles tagged “investments”

Tourism

Expedia, TUI-Backed Fund Created to Support Sustainable Tourism

The UnTours Foundation is tired of all the talk and no action when it comes to making tourism sustainable. They hope their new $10 million fund will finally get the tourism industry in action mode. If the fund shows both impact and returns are possible, maybe the financial markets will take sustainable tourism more seriously as a business opportunity — a critical factor for industry-wide change.

Dawit Habtemariam | 1 year ago

Expedia, TUI-Backed Fund Created to Support Sustainable Tourism

Hotels

Blackstone, Starwood, Other Big Hotel Investors Prep for Dealmaking Rush Later This Year

When every investor in a sector says they're "cautiously optimistic," watch out.

Sean O'Neill | 1 year ago

Blackstone, Starwood, Other Big Hotel Investors Prep for Dealmaking Rush Later This Year

Mergers and Acquisitions

How Did All Those Travel SPACs End Up Doing?

You win some, you lose some. As quickly as SPACs soared on the hype, they lost much of their luster just as quickly on Wall Street. Travel SPACs were definitely no exception. Take a look at the numbers.

Sherry Sun | 1 year ago

How Did All Those Travel SPACs End Up Doing?

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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years 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 | 2 years ago

Rising Interest Rates Are Scrambling Hotel Deal Calculations