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Articles tagged “starwood capital”

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

Coronavirus

Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid?

Extended Stay America's significant hotel ownership, an industry anomaly these days, drove it to sell, or at least that was the C-suite argument. Buildings are getting old and need a lot of money to renovate. Major shareholders aren't buying that argument.

Why Did Extended Stay America Settle for a Lowball $6 Billion Takeover Bid?

Hotels

Blackstone and Starwood Plan $6 Billion Extended Stay America Takeover

Blackstone and Starwood Capital keep returning to Extended Stay America, but their partnership acquisition here shows the two firms see many more deals ahead as reason to keep capital on hand.

Blackstone and Starwood Plan $6 Billion Extended Stay America Takeover

Coronavirus

It’s Still A Waiting Game For Hotel Investors, As Owners Still Have High Valuations In Mind

It's nearly time for opportunistic investors like Starwood Capital's Barry Sternlicht to swoop in on distressed hotel assets, but they'd better have the pockets to stomach at least another year of no returns on investment.

It’s Still A Waiting Game For Hotel Investors, As Owners Still Have High Valuations In Mind

Coronavirus

Starwood CEO Touts Resiliency of Extended Stay Hotels During Pandemic

Extended stay hotels may be strong performers for Starwood Property Trust and Barry Sternlicht, but it may be years before the investment firm looks to deploy capital further into other hospitality sectors.

Starwood CEO Touts Resiliency of Extended Stay Hotels During Pandemic

Coronavirus

Starwood’s Barry Sternlicht Poised to Invest in Struggling Hotels When Time Is Right

Economic downturns can lead to opportunity and heavy deal volume in the hotel industry, but coronavirus puts a major question mark on what a property is worth under the travel industry's uncertain future.

Starwood’s Barry Sternlicht Poised to Invest in Struggling Hotels When Time Is Right