Articles tagged “m&a”

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Spain’s Barcelo Eyes HNA’s Stake in NH Hotels

Vinicy Chan and Manuel Baigorri, Bloomberg

Despite having an offer turned down earlier this year, Barcelo still appears keen on NH Hotels. Buying a minority stake would likely be the first step to consolidation within the Spanish hotel sector.

2 weeks ago

Accor Pushes Further Into Luxury With $567 Million Mövenpick Deal

Accor Pushes Further Into Luxury With $567 Million Mövenpick Deal

Patrick Whyte, Skift

Where there is smoke there is fire and Sebastien Bazin's comments at Skift Forum Europe last week hinted at an imminent deal.

2 months ago

Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation

Travel Megatrends 2018: Mergers and Acquisitions Focus on Strategic Innovation

Sean O'Neill , Skift

The smartest travel companies are beginning to buy startups that may not be central to their main businesses or help them consolidate market share, but could boost the innovation metabolism of their motherships.

5 months ago

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

HNA Group Enlists Bankers to Consider Sale of Its NH Hotels Stake

Patrick Whyte, Skift

HNA Group's decision to at least consider selling its stake in NH Hotels shouldn't come as a surprise. It will be interesting to see whether one of the big hotel companies emerges as a potential buyer.

5 months ago

HNA Group CEO Cancels Davos Trip

HNA Group CEO Cancels Davos Trip

Bloomberg News, Bloomberg

There are plenty of good reasons for avoiding the backslapping bonhomie of Davos. The fact that your company is facing a serious financial crisis and your travel holdings have halted training are good reasons.

5 months ago

Barceló Looks to Create Spanish Hotel Giant With Bid for Rival NH

Barceló Looks to Create Spanish Hotel Giant With Bid for Rival NH

Patrick Whyte, Skift

Combining NH Hotels with another company makes plenty of sense. It would give it added scale and might also help put an end to its shareholder infighting. Of course this is only the opening move in what is likely to be a time-consuming process and given NH's recent history we're sure that it will be anything but straightforward.

7 months ago

HNA Group May Want to Sell Its Stake in a Spanish Hotel Company

HNA Group May Want to Sell Its Stake in a Spanish Hotel Company

Prudence Ho and Lianting Tu, Bloomberg

Changes in China look to be curbing the spending power of HNA Group, making it much harder for the conglomerate to take full control of NH Hotels. A sale in this case would make sense with acquisition-hungry AccorHotels touted as a likely suitor.

8 months ago

AccorHotels Bids $930 Million for Australia’s Mantra Group

AccorHotels Bids $930 Million for Australia’s Mantra Group

Zoe Ma, Bloomberg

After pursuing companies in a host of different sectors, this deal looks like a relatively straightforward one for AccorHotels. The purchase of Mantra Group gives Accor a much-needed boost in the Asia-Pacific region.

8 months ago

UK Cruise Agency Buys German Rival to Create ‘European Leader’

UK Cruise Agency Buys German Rival to Create ‘European Leader’

Patrick Whyte, Skift

Cruise.co's mix of reviews and vacations has helped fuel its rise. Its private equity owners obviously want it to get even bigger and to do so it needs to buy up the competition.

11 months ago

Expedia Names a New Boss for Mergers and Acquisitions

Expedia Names a New Boss for Mergers and Acquisitions

Gerrit De Vynck, Bloomberg

LendingClub’s Regi Vengalil will take over corporate development. The role is a chance to shine. Expedia's current CFO and Priceline Group's current CEO previously held development roles.

1 year ago

What’s Behind the Rise of Chinese Investors in Western Hospitality Companies?

What’s Behind the Rise of Chinese Investors in Western Hospitality Companies?

Patrick Whyte, Skift

Even with rumours circulating of an overseas spending clampdown, it looks like Chinese investors will continue to play a big role in the shape of the global hospitality industry in 2017.

1 year ago

How The Skyscanner Deal Will Affect Trivago’s Upcoming IPO

How The Skyscanner Deal Will Affect Trivago’s Upcoming IPO

Jared Wein, Skift

Ctrip’s acquisition of Skyscanner marks the next phase of consolidation in the metasearch industry. The premium valuation paid by Ctrip is well-timed for Expedia’s pending Trivago IPO.

2 years ago