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Articles tagged “mergers and acquisitions”

Short-Term Rentals

Airbnb Acquires AI Company Led by a Siri Creator

Adam Cheyer has driven a lot of success through his work at past companies. Now he's at Airbnb, showing the company really is serious about its dedication to integrating AI.

Justin Dawes | 6 months ago

Airbnb Acquires AI Company Led by a Siri Creator

Hotels

Choice Hotels Defends Pipeline as It Pushes Wyndham Bid

Choice Hotels is seeing weakness in its hotel development pipeline. That may not improve much if it remains distracted by pursuing a merger with Wyndham.

Sean O'Neill | 6 months ago

Choice Hotels Defends Pipeline as It Pushes Wyndham Bid

Hotels

Hilton Grand Vacations Seeks $1.5 Billion Merger With Bluegreen Vacations in Timeshare Mashup

They've got a pitch for you. A bigger and more competitive timeshare group.

Sean O'Neill | 6 months ago

Hilton Grand Vacations Seeks $1.5 Billion Merger With Bluegreen Vacations in Timeshare Mashup

Hotels

Sortis Deal to Buy Ace Hotels Collapses

Given a string of bad luck events, it can seem like Ace Hotels is a jinxed brand. But any visit to its properties in New York, New Orleans, or LA will reveal an electric vibe that's a reminder it can be salvaged and taken to the next level.

Sean O'Neill | 6 months ago

Sortis Deal to Buy Ace Hotels Collapses

News Blog

India’s Ambuja Neotia Acquires Boutique Hotel Group Tree of Life

Ambuja Neotia, a real-estate developer and operator in Kolkata, has bought Tree of Life Resorts and Hotels, a collection of 14 boutique hotels across India with about 200 rooms that Skift recently profiled. The companies didn't disclose the price or terms of the deal. Tree of Life, based in Gurugram, has seen quick growth from…

Sean O'Neill | 6 months ago

Airline Weekly

JetBlue Faces Calls to Lower $3.8 Billion Purchase Price for Spirit Airlines

It increasingly looks like JetBlue is overpaying for Spirit.

6 months ago
JetBlue Faces Calls to Lower $3.8 Billion Purchase Price for Spirit Airlines

Hotels

Paul Singer’s Elliott Management Bets on Hotels as Part of $372 Million Deal

An investment vehicle backed by Elliott Management has invested in hotels, following similar moves by other big-money firms. Fun fact: The $370 million deal coincides with the acquisition of U2's The Clarence Hotel.

Sean O'Neill | 6 months ago

Paul Singer’s Elliott Management Bets on Hotels as Part of $372 Million Deal

News Blog

Choice Hotels Claims Wyndham Merger Would Have ‘Clear Path to Completion’

Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about "execution risk" — including questions about regulatory scrutiny. Meanwhile, Wyndham issued a statement saying its board of directors remains confident that its "standalone growth prospects offer superior, risk-adjusted returns. It…

Sean O'Neill | 6 months ago

Hotels

Choice-Wyndham: Debt? Private Equity? Other Bidders? What Comes Next

If an alternative asset investor like Blackstone gets interested, things could get even more interesting. Same if European hotel giant IHG made a bid of its own.

Sean O'Neill | 7 months ago

Choice-Wyndham: Debt? Private Equity? Other Bidders? What Comes Next

Hotels

Choice-Wyndham Faces Long Odds. The Skift Travel 200 May Reveal Choice’s Thinking

The market is skeptical that Choice's hostile takeover bid for Wyndham will be successful. The Skift Travel 200 sheds light on the hotel sector and the thinking behind this offer.

Seth Borko | 7 months ago

Choice-Wyndham Faces Long Odds. The Skift Travel 200 May Reveal Choice’s Thinking