Articles tagged “yucaipa”

Queensgate’s $400 Million Freehand Purchase Showcases Hostel-Boutique Hotel Hybrids

Queensgate’s $400 Million Freehand Purchase Showcases Hostel-Boutique Hotel Hybrids

Jack Sidders, Bloomberg

We first heard about this bid back in July. Now it's a done deal and Queensgate shows no signs of letting up as it moves to push ahead with hostel-boutique hotel combinations. And at $400 million, it's not a bad exit for billionaire Ron Burkle either.

3 months ago

Morgans Hotel Group Gets Buyout Bid From Billionaire Ron Burkle

Morgans Hotel Group Gets Buyout Bid From Billionaire Ron Burkle

Nadja Brandt, Bloomberg

Morgans' relationship with Burkle has been a distraction for the company and, unfortunately, both sides seem to be more interested in the brand for its bling factor than building a strong and competitive company.

6 years ago