Articles tagged “private equity”

Airlines

Delta Provided Capital to Struggling Charter Airline Wheels Up Experience

The private jet company is seeking partnerships and looking to renegotiate its financing with private equity companies. Delta's contribution isn't enough on its own to resolve the issue.

Mrinmay Dey, Reuters | 1 month ago

Delta Provided Capital to Struggling Charter Airline Wheels Up Experience

News Blog

Hotelbeds Touts New General Counsel’s IPO Experience

Hotelbeds, which reportedly hired bankers a couple of months ago to ready an initial public offering, has appointed a new general counsel, and the hotel wholesaler touted her experience in compliance and taking companies public. Source: Hotelbeds Sagrario Fernández, who now leads Hotelbeds' legal and compliance teams, "brings a wealth of experience in IPO processes…

Dennis Schaal | 2 months ago

News Blog

Certares Closes $284 Million Fund for Hospitality Real Estate

Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments. The fund is acquiring hospitality real estate assets in U.S. growth markets. It has already made investments in 10 hotels that together have more than 2,100 keys. The…

Sean O'Neill | 2 months ago

Airlines

Bailed Out Azorean Airline Sata Attracts Investor Interest

Anyone want to take control of a small Azorean airline? More than two dozen parties are crunching the numbers.

Sergio Goncalves, Reuters | 4 months ago

Bailed Out Azorean Airline Sata Attracts Investor Interest

Hotels

Extended Stay America Bets Comeback on Adding Franchise Brands

Suddenly every hotel group seems to be inventing an extended stay brand. But the pioneer U.S. company in the segment, Extended Stay America, says its new strategy will help it fend off rivals.

Sean O'Neill | 5 months ago

Extended Stay America Bets Comeback on Adding Franchise Brands

Short-Term Rentals

Alloggio Takes Private Equity Exit in Path for Struggling Short-Term Rentals  

Private Equity restructuring for some short-term rental companies may be welcome — even as it means change of management, possible furloughs and cutting parts of the business. Analysts warn against spelling doom against the entire industry, however, demand still remains strong.

Srividya Kalyanaraman | 6 months ago

Alloggio Takes Private Equity Exit in Path for Struggling Short-Term Rentals  

Airlines

Private Equity Sees New Aviation Investing Opportunities With Recent Bank Anxieties

Although some aerospace suppliers have concerns about private equity investments, they'd surely welcome the capital needed to meet the growing demand for more planes and parts as travel continues its rebound.

Allison Lampert, Allison Lampert and Abhijith Ganapavaram, Reuters | 6 months ago

Private Equity Sees New Aviation Investing Opportunities With Recent Bank Anxieties

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 | 9 months ago

News Blog

Awaze Put Up For Sale at $2 Billion by Private Equity Owner Platinum — Report

The owner of European vacation-rentals business Awaze is looking for a sale, according to a media report. U.S. private equity firm Platinum Equity created Awaze after buying a selection of rental businesses from Wyndham Worldwide in 2018. The deal was worth $1.3 billion, and its collection at the time included Novasol, Cottages.com, James Villa Holidays…

Matthew Parsons | 12 months ago

Hotels

Blackstone Takes Stake in Hotel Owner Sunstone as Private Equity Eyes More Lodging Deals

In a turbulent financial market, players such as Blackstone are worth tracking because they usually have more wherewithal to invest in hotels than others do.

Sean O'Neill | 1 year ago

Blackstone Takes Stake in Hotel Owner Sunstone as Private Equity Eyes More Lodging Deals