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...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...Cascade also owns most of the Four Seasons Hotels and Resorts, for example. Still, it’s an interesting portfolio....
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...US hotel group Hyatt said it had ended its “association, contracts and relationship” with a Hyatt Regency hotel in Moscow and “suspended the provision of services” to Hyatt Regency Sochi....
...One of the most high-profile cyber incidents in recent times was the breach of Starwood’s database in 2014, before the group was bought by Marriott, the world’s largest hotel chain....
...Marriott, the world’s largest hotel company, has about 10,000 vacancies at its 600 managed hotels across the US....
...The private equity group has teamed up with Starwood Capital, sometime creator of Starwood Hotels, to acquire the mid-priced hotel chain....
...Representatives from Hilton and Marriott said the hotel chains had no plans to cancel reservations in Washington....
...Marriott president and chief executive Arne Sorenson is stepping back from the daily running of the hotel group as he undergoes treatment for pancreatic cancer. More here....
...Some beleaguered hotels, like The Lucerne in Manhattan’s Upper West Side, have been repurposed as shelters by the city’s Department of Homeless Services, a programme that polarised the local community....
...One scoop to start: The AA, the heavily-indebted UK roadside recovery group, has agreed terms of a sale to two private equity groups, Warburg Pincus and TowerBrook....
...as a bundle in a cloud gaming service....
...Anbang, the Chinese state-controlled insurer, recently filed a lawsuit to force South Korea’s Mirae to complete a $5.8bn deal for 15 US luxury hotels including the JW Marriott Essex House overlooking New...
...Casting itself as “an experience agency”, Accenture now does marketing work for clients such as hotel groups Marriott and Radisson, Wendy’s fast-food chain, and Kimberly-Clark’s baby and childcare products...
...Rengy John, managing partner at Singapore-based BLINK Design Group, an architectural firm founded in 2006 that specialises in hotel design, said hotel operators could use the current downtime to improve...
...Marriott....
...Data breaches can be expensive — just ask Marriott. The hotel group said last November that hackers had been accessing its database since 2014, compromising up to 339m guest records....
...This remaking of Japan Inc rests on a critical structural shift: the changing role of banks....
...But the company, which has ambitions to be the world’s largest hotel chain, has come under fire for a “toxic” culture and questionable growth practices. Sound familiar?...
...Marriott International has become the first major hotel company to launch its own home rental service, taking aim at the business at the heart of Airbnb’s success....
...Last month, Marriott International, the world’s largest hotel operator, launched a “Homes & Villas” platform promising to offer more than 2,000 homes in 100 destinations across Europe, the US and the Caribbean...
...The attack could be an important test case for Europe’s new data protection laws because Marriott, the world’s largest hotel group, said it had learnt of the breach of Starwood’s guest reservation database...
...and the value of the group....
...If RedDoorz gets there, it will join the league of global hospitality giants like Marriott International, InterContinental Hotels and, of course, Oyo....
...Mr Alexander said he was sure the site, which will be home to a Marriott Hotel, would be an “exceptional product” and that a building’s beauty was “in the eye of the beholder”....
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