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Articles tagged “spac”

Coronavirus

Accor May Use SPAC to Own Real Estate While Still Trumpeting Asset-Light Strategy

Accor doesn't want to own real estate, but it does want to throttle ahead with growth in the lifestyle hotel sector — where many of the remaining independent operators own their real estate. A SPAC can help Accor balance this kind of conflict in future acquisitions.

Cameron Sperance, Skift | 3 years ago

Accor May Use SPAC to Own Real Estate While Still Trumpeting Asset-Light Strategy

Hotels

Sonder to Go Public at $2.2 Billion Valuation as Short-Term Rental Sector Stays Hot

The quasi-hotel company has announced a deal with Gores' special purpose acquisition company.

Matthew Parsons, Skift | 3 years ago

Sonder to Go Public at $2.2 Billion Valuation as Short-Term Rental Sector Stays Hot

Luxury

Inspirato Could Go Public in $1 Billion SPAC Deal With Travel Investor Thayer Ventures

Subscriptions look set to be big business, with the needle currently swinging to higher quality holidays and experiences.

Matthew Parsons, Skift | 3 years ago

Inspirato Could Go Public in $1 Billion SPAC Deal With Travel Investor Thayer Ventures

Startups

Can SPACs Revive Travel Venture Capital? New Skift Research

After a difficult year, 2021 is likely to be a year of travel startup exits and consolidation fueled by IPOs, M&A, and — new on the scene — SPACs. These deals could help drive renewed enthusiasm for investing in and founding companies within the travel.

Seth Borko, Skift Research | 3 years ago

Can SPACs Revive Travel Venture Capital? New Skift Research

Coronavirus

Golden Nugget’s Parent Company Slated to Go Public at $6.6 Billion Valuation

Going public through a special purpose acquisition company, or SPAC, is a trend on the rise. It specifically helps the parent company behind Golden Nugget and Landry's free up cash and quickly take advantage of distressed acquisition deals rather than a protracted IPO process.

Niket Nishant, Reuters | 3 years ago

Golden Nugget’s Parent Company Slated to Go Public at $6.6 Billion Valuation

Online Travel

What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year

Some travel sector startups will use special-purpose acquisition companies, or SPACs, to go public, instead of doing traditional IPOs. The trend has the makings of an investor frenzy. Here's our cheat sheet, covered in six questions and answers.

Sean O'Neill, Skift | 3 years ago

What Exactly Are ‘SPACs’? Why They Will Matter in Travel This Year

Online Travel

Air Taxi Startup Joby May Go Public by Merging With a Blank Check Company

Joby Aviation, a startup that's building an electric aircraft capable of making vertical takeoffs and landings inside cities, may seek to go public soon. If it does so by merging with a special-purpose acquisition company, it will copy similar moves by helicopter taxi service Blade and Richard Branson's Virgin Galactic.

Anirban Sen and Joshua Franklin, Reuters | 3 years ago

Air Taxi Startup Joby May Go Public by Merging With a Blank Check Company

Online Travel

Helicopter Taxi Service Blade Goes Public Through Blank-Check Company

Airbus-backed Blade thinks Asia is where the action is, with plans to expand there after this latest blank-check deal. Keep an eye on similar so-called SPAC deals in travel in the new year.

Matthew Parsons, Skift | 3 years ago

Helicopter Taxi Service Blade Goes Public Through Blank-Check Company

Online Travel

2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week

Two blank-check outfits that will try to buy something in travel later debuted on the stock market this week. No Airbnb-style IPO pops, however, because no one knows what the acquirers might score in the travel sector.

Sean O'Neill, Skift | 3 years ago

2 Blank-Check Companies Set Up to Buy Travel Outfits Had IPOs This Week

Online Travel

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions

This is now the third "blank check" company in three months to say it will buy and invest in travel companies. The sudden spike in such financial innovation underscores investor faith that the travel sector offers many bargains and promising opportunities right now.

Sean O'Neill, Skift | 4 years ago

Thayer Ventures to Set Up $175 Million Company to Shop for Travel Acquisitions