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Articles tagged “mergers and acquisitions”

Hotels

Blackstone, Starwood, Other Big Hotel Investors Prep for Dealmaking Rush Later This Year

When every investor in a sector says they're "cautiously optimistic," watch out.

Sean O'Neill | 4 months ago

Blackstone, Starwood, Other Big Hotel Investors Prep for Dealmaking Rush Later This Year

Hotels

Sortis Execs Reveal More About Their Ace Hotel Acquisition

Sortis executives have given more details on their plans for Ace Hotels, the hip U.S.-based lifestyle brand that the company will acquire for $85 million in cash.

Sean O'Neill | 4 months ago

Sortis Execs Reveal More About Their Ace Hotel Acquisition

News Blog

Lufthansa Makes Official Bid for Italy’s ITA Airways

The Lufthansa Group has made an offer to buy a 40 percent stake in Italy's state-owned ITA Airways, it said Wednesday. The bid comes after a multi-year process, or "beauty contest" as it has been called, to find a strategic partner for ITA, and a dramatic change of fortune for Lufthansa after being counted out…

Edward Russell | 5 months ago

Hotels

Ace Hotel Chain Acquired for $85 Million by Hospitality Firm Sortis: Analysis

Ace only has about a dozen properties, but it has punched above its weight in brand impact. Here's our analysis of whether Sortis is a good home and if $85 million is a good price.

Sean O'Neill | 5 months ago

Ace Hotel Chain Acquired for $85 Million by Hospitality Firm Sortis: Analysis

Mergers and Acquisitions

How Did All Those Travel SPACs End Up Doing?

You win some, you lose some. As quickly as SPACs soared on the hype, they lost much of their luster just as quickly on Wall Street. Travel SPACs were definitely no exception. Take a look at the numbers.

Sherry Sun | 5 months ago

How Did All Those Travel SPACs End Up Doing?

News Blog

Private Equity-Backed Cendyn Names New CEO to Lead Hotel Tech Company

Cendyn, a software company that offers customer relationship management, digital marketing, and operations tools to hotels, has hired a new chief executive.  The company said Monday that Jack Blaha has taken the role for the Florida-based company. He replaces Tim Sullivan, who had started as CEO in June 2020, a year after the company gained…

Justin Dawes | 5 months ago

Travel Technology

RateGain Acquires Travel Martech Firm Adara for Mere $16 Million

With three of its four recent acquisitions based in the U.S., RateGain is making gains to acquire scale and dominance in that critical market.

Peden Doma Bhutia | 5 months ago

RateGain Acquires Travel Martech Firm Adara for Mere $16 Million

Online Travel

Lessons From Our Oral History of Short-Term Rentals

In an era today when investors place a high value on profitability, our oral history of short-term rentals includes regrets from those who were too risk-averse to grab an opportunity.

Dennis Schaal | 5 months ago

Lessons From Our Oral History of Short-Term Rentals

Tourism

Bold Travel Industry Predictions for 2023

We know the travel industry will surprise us in 2023. That's one thing that's certain. These envelope-pushing prognostications are just our way of getting ready for the unexpected. We had fun coming up with these, and hope you read them in that same spirit.

Rashaad Jorden | 5 months ago

Hotels

Full Video: Hilton CEO at Skift Global Forum East 2022

Hilton CEO Christopher Nassetta praised the Middle East for its commitment to boosting tourism, and he explained at the recent Skift Global Forum East why public-private partnerships are critical in improving tourism infrastructure.

Rashaad Jorden | 5 months ago

Full Video: Hilton CEO at Skift Global Forum East 2022