Articles tagged “manda”

British Airways Parent Looking at Buying Norwegian

British Airways Parent Looking at Buying Norwegian

Patrick Whyte, Skift

Wow. Not many people will have seen this coming, including, it seems, Norwegian. Adding another brand to IAG's growing portfolio might make strategic sense but it will come at a significant cost.

6 months ago

AccorHotels to Fund Acquisitions With Sale of Property Unit for $5.4 Billion

AccorHotels to Fund Acquisitions With Sale of Property Unit for $5.4 Billion

Sharon Smyth, Bloomberg

While the deal has been flagged for months, it is an important step in the evolution of the company. Of much bigger interest is what Accor decides to do with the proceeds. A decent amount will be spent on share buybacks but with a multi-billion dollar warchest, we can also expect plenty of acquisitions.

8 months ago

AccorHotels Wants to Accelerate Its Buying Spree in 2018

AccorHotels Wants to Accelerate Its Buying Spree in 2018

Patrick Whyte, Skift

AccorHotels' acquisitions over the last couple of years aren't money makers yet but that's not to say they never will be. CEO Sébastien Bazin is still intent on playing a very different game than the other big hotel companies.

8 months ago

AccorHotels to Sell Stake in Property Business to Buy New Brands

AccorHotels to Sell Stake in Property Business to Buy New Brands

Dinesh Nair and Sharon Smyth, Bloomberg

It's been a slow process but it seems like AccorHotels is about to finally get investors in its property portfolio so it can bankroll the acquisition of new brands.

8 months ago

Travel Leaders Group Buys Scottish Retail Chain in Ongoing Merger Spree

Travel Leaders Group Buys Scottish Retail Chain in Ongoing Merger Spree

Patrick Whyte, Skift

Travel Leaders Group is clearly playing a scale game, and although Barrhead Travel might be an old-fashioned travel business, at least it still makes money.

9 months ago

NH Hotels Turns Down Barceló Merger Offer But Is Open to Others

NH Hotels Turns Down Barceló Merger Offer But Is Open to Others

Patrick Whyte, Skift

NH Hotels may have turned down this approach, but it has not closed the door on others. And with minority shareholder HNA Group looking to raise cash, it wouldn't be a surprise to see another offer sooner rather than later.

9 months ago