Articles tagged “starwood capital”

Hotels

Marriott Flexes Its Extended Stay Muscle

Don’t let the multibillion-dollar deals from Blackstone and Starwood Capital for brands like Extended Stay America cloud one's brand judgment. Marriott is the massive player in the extended stay hotel sandbox — and has a leg up in appealing to more lucrative business travel.

Marriott Flexes Its Extended Stay Muscle

Coronavirus

Blackstone and Starwood’s $1.5 Billion Deal Throws Fuel on Extended Stay

Investors liked the durability and continual operation of extended-stay hotels during the worst of the pandemic. But a $1.5 billion play for a portfolio and not even the entire WoodSpring Suites brand shows where investors see travel demand concentrating during the recovery.

Blackstone and Starwood’s $1.5 Billion Deal Throws Fuel on Extended Stay

Business Travel

Behind the WeWork IPO Financing It Hopes Takes the Target Off Its Back

The world’s most famous flexible co-working space provider has a new lease on life following its SPAC deal, but is its model still relevant for the post-pandemic workforce? Its backers are betting so.

Behind the WeWork IPO Financing It Hopes Takes the Target Off Its Back

Hotels

Barry Sternlicht Faces Tough Investor Climate for Hotel Bargains

Investors like Barry Sternlicht tout the hotel industry as an opportunistic place to park capital during the travel recovery. But discounts aren’t coming in as steep as some hoped thanks to Uncle Sam and forgiving lenders.

Barry Sternlicht Faces Tough Investor Climate for Hotel Bargains

Coronavirus

Reintroducing Costly Hotel Brand Standards Threaten Owners Just Getting a Taste of Recovery

The U.S. hotel sector is performing relatively well this summer, but there is too much uncertainty heading into fall in cities that rely on business travelers. Hotel companies shouldn’t take a few months of strong performance as a signal to reintroduce brand standards and costly renovation mandates.

Reintroducing Costly Hotel Brand Standards Threaten Owners Just Getting a Taste of Recovery

Coronavirus

Extended Stay America CEO on the Brand’s Next Steps After $6 Billion Takeover

Extended Stay America's launch of a higher-end brand isn't the sign of new owners Blackstone and Starwood Capital wanting some grandiose push into the upscale sector. It's about appealing to a segment of business travelers who may not have considered the brand as an option in the past.

Extended Stay America CEO on the Brand’s Next Steps After $6 Billion Takeover

Coronavirus

Soho House IPO Filing Reveals Plan to Leverage Cool Factor for Better Rent

Nothing in life (and business) is fair. Soho House is able to expand at lower development costs with a special landlord-tenant relationship unavailable to the average mom-and-pop company.

Soho House IPO Filing Reveals Plan to Leverage Cool Factor for Better Rent

Coronavirus

Extended Stay America Shareholders Approve Blackstone and Starwood’s $6 Billion Takeover

Blackstone and Starwood Capital's approved takeover of Extended Stay America is a major win for investors who have been salivating over any kinda of mega-hotel deal coming out of the pandemic. But the turbulent road to the finish line shows shareholders are still not going to accept lowball offers.

Extended Stay America Shareholders Approve Blackstone and Starwood’s $6 Billion Takeover

Coronavirus

Blackstone and Starwood Boost Offer for Extended Stay Ahead of Vital Shareholder Vote

Blackstone and Starwood Capital blinked, bowing to critics on what they deemed a lowball offer for Extended Stay America.

Blackstone and Starwood Boost Offer for Extended Stay Ahead of Vital Shareholder Vote

Coronavirus

Hilton Shows Investing in Lifestyle Hotels Isn’t Solely About the Trendy

Lifestyle hotels come in many forms, with some focused more on the hip and trendy while, others like Hilton see it as an opportunity to scale up more experiential and food-focused properties around the world. Long story short: we still don't have a textbook definition for what a lifestyle hotel actually is.

Hilton Shows Investing in Lifestyle Hotels Isn’t Solely About the Trendy