Blackstone Acquires 15 Limited Service Hotels as It Readies La Quinta IPO
The actual or prospective IPOs of Hilton Worldwide, Extended Stay America and La Quinta notwithstanding, Blackstone is adding pieces to the empire.
Articles tagged “ipo”
Viking River Cruises CEO Has No Interest in IPO or Selling to a Cruise Corp
Neck-deep in growth and expansion, the future of Viking is still not clear, but it's recent move into the ocean business suggests Viking has the ambition to expand its brand into other sectors of the travel industry.
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.
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.
Mexican hotel operator City Express plans to go public next month
Latin America’s boom in business travel comes after four years of continual growth giving travel-related companies the confidence needed to execute their riskier growth strategies including fleet revitalizations or IPOs.
Virgin America IPO on agenda in a year or two, CEO says
Virgin America is showing its first hints of profitability, and has much to prove about its identity and growth path before an IPO can truly be on the table.
Brazil’s Gol airline using IPO for its loyalty program to raise $565 million
The Brazil IPO market is active right now so it seems like an opportune time for GOL to go the IPO route with smiles, and to pay down some debt, something it desparately needs to do.
Priceline-buying-Kayak: Kayak’s short history as a public company, in links
It will take couple of quarters before the deal closes, so Kayak will still have couple of opportunities to report separate earnings.
Travel stocks show no signs of slowing down
Stocks prices continue to climb for Kayak, Expedia, and Priceline with growth on the horizon, and they've lived to tell the tale after Google’s entrance on the travel scene.