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Articles tagged “ipo”

Online Travel

Sabre Files For IPO, Reveals Years of Financial Losses

A Sabre IPO has been long anticipated as it has shed assets, off-loaded Travelocity North America operations, trimmed staff levels and brought in new management in anticipation of going public.

Dennis Schaal, Skift | 10 years ago

Sabre Files For IPO, Reveals Years of Financial Losses

Airlines

The 15 Biggest Travel Stories of 2013

Bring it on, 2014.

Skift Staff, Skift | 10 years ago

The 15 Biggest Travel Stories of 2013

Airlines

Blackstone Dominated the Top Travel IPOs of 2013

Blackstone will be hard-pressed to repeat its impressive travel-IPO performance in 2014, although La Quinta is on tap. Hotels and attractions, and not tech, were the sexiest things going in 2013.

Dennis Schaal, Skift | 10 years ago

Blackstone Dominated the Top Travel IPOs of 2013

Hotels

Blackstone Goes to the Well Again As La Quinta Confidentially Files IPO Documents

Not only did La Quinta file its draft IPO registration statement confidentially with the SEC, the limited service chain issued a press release about it after market hours, a day before Christmas Eve. After the success of the Extended Stay America and Hilton IPOs, Blackstone wants another Christmas present, although Santa wouldn't be arriving this time with another IPO gift until well into 2014.

Dennis Schaal, Skift | 10 years ago

Blackstone Goes to the Well Again As La Quinta Confidentially Files IPO Documents

Online Travel

Sabre Lays Off More Than 200 Employees In Addition To Job Cuts at Travelocity

By bringing in former Continental chairman and CEO Larry Kellner as Sabre chairman, and installing Tom Klein as the new CEO, Sabre is signaling that it is readying a strategic move, possibly an IPO, in the near future. The Travelocity deal with Expedia, Travelocity divestments of zuji and Travelocity Business, and these layoffs may all be pieces of the puzzle.

Dennis Schaal, Skift | 10 years ago

Sabre Lays Off More Than 200 Employees In Addition To Job Cuts at Travelocity

Online Travel

Travelocity Fires More Employees As Prelude To Expedia Deal

The Travelocity-Expedia deal is widely seen as a way for Travelocity's parent, Sabre Holdings, to trim expenses before a possible IPO in 2014.

Dennis Schaal, Skift | 10 years ago

Hotels

Second Public Offering By HomeAway Would Raise $200 Million, Rivaling Its Own IPO

HomeAway, which is way behind, but pushing hard to improve its e-commerce capabilities, is beginning to feel some heat from Booking.com on one side and Airbnb on the other. You could therefore look at this follow-on public offering as a defensive move. On the other hand, HomeAway's acquisition spree is an aggressive tack, and the public offering signals that HomeAway has no intention of slowing down.

Dennis Schaal, Skift | 10 years ago

Second Public Offering By HomeAway Would Raise $200 Million, Rivaling Its Own IPO

Hotels

Hilton CEO Says Hotel Chain Was ‘Totally Dysfunctional’ Before Blackstone

Blackstone didn't come in and suck the life out of Hilton Worldwide, but turned it into an organization that other hotel chains emulate. With its IPO imminent, Hilton will pay down a bunch of debt, and will find itself in an even more advantageous position.

Dennis Schaal, Skift | 10 years ago

Hilton CEO Says Hotel Chain Was ‘Totally Dysfunctional’ Before Blackstone

Hotels

Hilton Worldwide Could Raise Nearly $2.4 Billion in IPO This Week

This high-profile IPO from Blackstone is basically a fundraising drive for Hilton to pay down debt. Most everything else stays the same: Blackstone isn't selling any of its shares and will continue to control the chain.

Dennis Schaal, Skift | 10 years ago

Hotels

Blackstone Maneuvers its La Quinta, Extended Stay and Hilton Chess Pieces

What is the right formula for Blackstone? Two IPOs and a sale or perhaps three IPOs -- namely for Extended Stay America, Hilton, and possibly La Quinta. It is so nice to have options.

Dennis Schaal, Skift | 11 years ago

Blackstone Maneuvers its La Quinta, Extended Stay and Hilton Chess Pieces