Articles tagged “private equity”

Private Equity Firm Upper90 to Invest $50 Million in Apartment-Style Hotels

Private Equity Firm Upper90 to Invest $50 Million in Apartment-Style Hotels

Jeremy Hill, Bloomberg

Upper90's joint venture hospitality developer Domio is further testament to the transformation of the hotel industry as new money goes into apartment-style properties rather than boxy, chain hotels. Investments like these will also contribute to urban gentrification.

3 weeks ago

Getaroom Sold to Private Equity Firm Court Square Capital Partners

Getaroom Sold to Private Equity Firm Court Square Capital Partners

Dennis Schaal, Skift

Did Hotels.com co-founders Bob Diener and Dave Litman do it again with Getaroom? Certainly not on the same scale, but Court Square's acquisition of Getaroom looks like a winner for the duo, who self-funded their latest venture in travel.

1 month ago

Blackstone May Take a Stake in the Loyalty Program of India’s Jet Airways

Blackstone May Take a Stake in the Loyalty Program of India’s Jet Airways

George Smith Alexander and P R Sanjai, Bloomberg

Jet Airways is in a race to raise cash as its pile of debt balloons. Blackstone is reportedly discussing a valuation of around $400 million to $500 million for the Indian carrier's loyalty arm, but the bigger financial picture remains troubled.

2 months ago

Blackstone Swoops Back Into Hotels With $4.8 Billion Offer for LaSalle

Blackstone Swoops Back Into Hotels With $4.8 Billion Offer for LaSalle

Gillian Tan, Bloomberg

That didn't take long. No sooner did private equity powerhouse Blackstone say it was exiting Hilton completely than it emerges three days later with a bid for LaSalle Hotel Properties. Maybe the $14 billion it made on Hilton has something to do with being keen to get back into hotels.

5 months ago

Investment Firm Blackstone Reportedly to Sell Remaining Stake in Hilton

Investment Firm Blackstone Reportedly to Sell Remaining Stake in Hilton

Gillian Tan, Bloomberg

The hospitality world all wondered when private equity powerhouse Blackstone would take its exit from Hilton. Now we know. So ends a storied chapter where Blackstone took Hilton private, and then public. All along the way, you know Blackstone was lining its pockets.

5 months ago

Travelport Faces Dramatic Changes if Activist Investor Gets His Way

Travelport Faces Dramatic Changes if Activist Investor Gets His Way

Sean O'Neill, Skift

The last thing travel tech giant Travelport needs is to be sold to private equity. It's still digging out from all the debt Blackstone saddled it with. Our best guess is that it will be forced to partly sell eNett, a payments business.

7 months ago

Activist Investor Pushes for a Travelport Sale to Private Equity

Activist Investor Pushes for a Travelport Sale to Private Equity

Scott Deveau, Bloomberg

Will hedge fund Elliott buy out travel technology company Travelport? Or is it using financial jujitsu and hype to make a quick profit? One thing we know: Distribution companies like Travelport remain valuable.

7 months ago

eDreams Odigeo Gives Up on Its Sales Process

eDreams Odigeo Gives Up on Its Sales Process

Patrick Whyte, Skift

It sounds like the potential buyers didn't accept the company's new strategy — or the buyers weren't willing to pay enough. Regardless, while it's certainly a risk, eDreams Odigeo is doing the right thing in diversifying its business and improving price transparency.

7 months ago

Bain Looking to Buy $500 Million Seaplane Operator in the Maldives

Bain Looking to Buy $500 Million Seaplane Operator in the Maldives

Vinicy Chan, Jonathan Browning, and Cathy Chan, Bloomberg

Mock the tiny seaplanes of Trans Maldivian Airways all you want. Its fleet may be worth $500 million if buyout firm Bain partners with Chinese conglomerate Tempus to acquire it from Blackstone as rumored.

12 months ago

Private Equity Rips Apart Kuoni as Thomas Cook India Gets More Global

Private Equity Rips Apart Kuoni as Thomas Cook India Gets More Global

Raini Hamdi, Skift

Thomas Cook India’s acquisition of Kuoni’s network of destination management companies is a story of how an Indian company becomes a global player overnight. There are also deep wounds about how a global company like Kuoni could end up being broken, literally, to pieces.

1 year ago

A Portuguese Hotel Group Is Charging Below-Market Rates, Angering Rivals

A Portuguese Hotel Group Is Charging Below-Market Rates, Angering Rivals

Henrique Almeida, Bloomberg

That's capitalism. Private equity firms swooped in to buy hotels when the market was weak and now they are positioned to undercut the competition. No one ever accused private equity of playing fair.

2 years ago

Holiday Inns in Rural Canadian Towns Attract Private Equity Firm

Holiday Inns in Rural Canadian Towns Attract Private Equity Firm

Sarah Mulholland and Katia Dmitrieva, Bloomberg

3 years ago