Articles tagged “mergers and acquisitions”

Blackstone May Repurchase Anbang Hotel Properties

Blackstone May Repurchase Anbang Hotel Properties

Bloomberg

What are hotel portfolios to the Blackstone Group if not mere commodities to be bought, sold, and reacquired. The real estate giant has done this several times before, and may do it again with the Anbang portfolio unless another bidder prevails.

3 days ago

Hong Kong-Based Langham Is on the Prowl for Acquisitions in Europe

Hong Kong-Based Langham Is on the Prowl for Acquisitions in Europe

Raini Hamdi, Skift

Langham has expanded in North America, China, and Australia, but not in Europe, where its acquisition of The Langham, London, gave it the brand. A new wave of development earmarks Europe as a priority, and the company wants to enter the resort space as well. But before all that can happen, it needs to further raise brand awareness.

1 week ago

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

RateGain Acquires BCV, Gains Momentum in Hotel Tech Consolidation

Sean O'Neill, Skift

RateGain, a travel tech company backed by private equity, said it has begun a roll-up of hotel tech vendors. It joins a party led by Shiji, Amadeus, Accel-KKR-backed Travel Tripper, Sabre, and Jonas Software.

1 week ago

South Africa’s Travelstart to Buy Corporate Travel Agency Club Travel

South Africa’s Travelstart to Buy Corporate Travel Agency Club Travel

Richard Holmes, Skift

Travelstart is taking a logical next step in expanding from its core leisure travel business into corporate travel through an acquisition.

2 weeks ago

JetBlue Senior Executive Marty St. George Is Leaving the Airline

JetBlue Senior Executive Marty St. George Is Leaving the Airline

Brian Sumers, Skift

Thirteen years is a long time to stay at one corporation. Perhaps JetBlue needs some fresh blood. Or maybe Chief Commericial Officer Marty St. George just wants a change of pace.

3 weeks ago

GuestReady Acquires BnbLord in European Vacation Rental Rollup

GuestReady Acquires BnbLord in European Vacation Rental Rollup

Sean O'Neill, Skift

Vacasa, Evolve, and other startups have stormed the U.S. vacation rental market by offering tech-savvy property management services. The business model is now about to sweep Europe, too.

3 months ago

Is Accor the Next Starwood? What’s Next for Hotel Mergers

Is Accor the Next Starwood? What’s Next for Hotel Mergers

Deanna Ting, Skift

Accor as a takeover target? Stranger things have happened. (Anbang, anyone?) No matter what transpires in hospitality going forward, though, it's clear that consolidation is here to stay.

3 months ago

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

Wynn Resorts Walks Away From Crown Deal After Talks Became Public

John J. Edwards , Bloomberg

It's likely that Wynn's cold feet about the Crown Resorts deal had more complex origins than the mere public disclosure of talks under way. Wynn wants to expand in Asia beyond Macau so it ain't over until the lights go out.

3 months ago

Amadeus Buys Airport Self-Service Baggage Firm to Diversify Further

Amadeus Buys Airport Self-Service Baggage Firm to Diversify Further

Sean O'Neill, Skift

Automated bag-drop technology may be widespread at major airports, but the rest of the world still has to add the equipment needed for passengers to scan their own bags. Amadeus aims to help sell those machines now that it has bought ICM. Amadeus is positioning itself to compete assertively with airline-owned SITA for airport tech sales.

3 months ago

Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield?

Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield?

Raini Hamdi, Skift

The name Leela is held in the same esteem as India's other legacy hotel brands such as Taj and Oberoi. Will it ever be the same again under Canada's Brookfield, an asset manager rather than a brand manager?

3 months ago

Airlines Tap New Tech to Sell Each Other’s Fares

Airlines Tap New Tech to Sell Each Other’s Fares

Sean O'Neill, Skift

Investor 777 Partners has bought tech company Air Black Box, while online agency Kiwi has taken a stake in reservation system AeroCRS. These deals hint at a growing interest among airlines to use tech to build marketing alliances that differ from traditional codeshares. The true winner may be smaller airports, which stand to gain traffic.

4 months ago

Airbnb Is Paying $400 Million For HotelTonight, Half in Pre-IPO Stock

Airbnb Is Paying $400 Million For HotelTonight, Half in Pre-IPO Stock

Dennis Schaal, Skift

On the surface, HotelTonight got a lowish deal from Airbnb. But with roughly half in stock, the price tag could look very upbeat if Airbnb's stock soars in an initial public offering.

4 months ago