Hints and tips:
...But Accolade has been hit by the Covid-19 pandemic’s damaging impact on the hospitality sector, the introduction of punitive Chinese tariffs on Australian wine in 2020 and a switch by many consumers to more...
...Alejandro Hernández-Puértolas, chief executive of HIP, said the deal was a “further vote of confidence in . . . the resort hospitality sector in Europe”, with revenue booked for the rest of the year up more...
...KKR has acquired a £300m holding in the UK’s largest gym operator PureGym, as private equity continues to sweep up stakes in British hospitality and leisure businesses during the pandemic....
...It owns more than 70 businesses, ranging from hotel management firm Aimbridge Hospitality to Italy’s ICE, which produces chemicals from animal bile for use in pharmaceuticals....
...with wall friezes made from old mattress foam; and Dakbar, a rooftop bar with views across the city, housed in the factory’s former lift-engine cavity and with a ceiling installation made from Philips LPs...
...Instead, the group has charted an aggressive growth strategy with the help of deep-pocketed shareholders like the US billionaire Ron Burkle and hospitality tycoon Richard Caring....
...While landlords in other property sectors — most notably retail and hospitality — have been pummeled by the pandemic and faced significant rent falls, owners of warehouses have recouped almost all they were...
...And most curiously, it seems like an odd moment for a hospitality company to be selling itself just as the pandemic eases. Unsurprisingly, within weeks, an investor revolt erupted....
...accuses Amazon of cutting its service due to ‘political animus’ (FT) Lucid Motors is in talks to list via Michael Klein Spac (Bloomberg) Sixth Street nears deal to take control of sports group Legends Hospitality...
...In the midst of a global pandemic, anyone who owns a business in the aviation, hospitality or cruise ship industry is fighting for survival....
...Amid the ugly rout among energy, hospitality and retail companies there were some bright spots for the Blackstone portfolio....
...They used the refinancing to claw back about half of the equity that the firm had originally spent on the hospitality group....
...from Daniel Humm alumnus James Kent and Jeff Katz of Crown Shy in Manhattan; and two new ventures (a café and restaurant-bar) in West Hollywood from the group behind the hugely successful LA hotspot EP & LP...
...Blackstone called the deal “a very small investment”, which already had problems before Covid-19 shut much of the hospitality sector down....
...Examples of smaller deals that have been funded by some of the near $2.5tn of unspent cash include Advent’s takeover of hotel operator Aimbridge Hospitality, which it later merged with Interstate Hotels...
...By early March, investors were waking up to the implication that stopping the spread of Covid 19 meant entire industries, including airlines, travel and hospitality, would essentially shut down for an unknown...
...Examples include representing software company HireVue on its September sale to Carlyle, representing private equity firm Kohlberg on its $1bn sale of Interstate Hotels and Resorts to Aimbridge Hospitality...
...Before the financial crisis it made brilliant bets on hospitality group Hilton Hotels and office tower collection Equity Office....
...for warehouses; so-called innovation cities such as Seattle where tech companies need office space; rental housing in regions where there are supply shortages including the US west coast and Spain, and hospitality...
...LPs are scattered across the pink shag pile floor, a ghastly floral design is printed on her duvet and a smile is on her face. She is the very picture of teenage optimism....
...Mr Edens of Brightline hailed Virgin’s “respected and trusted brand” in travel and hospitality, saying the two companies shared a focus on customer experience and a culture of innovation and disruption....
...Mr Fertitta’s pursuit of Caesars comes as Mark Frissora, Caesars’ chief executive, has been investing in renovating its hotel rooms, revitalising its loyalty programme and expanding its hospitality business...
...On Tuesday, it said it would acquire hospitality business Playa Hotels and Resorts for an enterprise value of $1.8bn....
...Bain had partnered with GreenTree Hospitality. The sale of the China franchise of world’s largest fast-food retail chain struggled to attract investors when it was announced earlier this year....
...For HNA meanwhile, the Hilton transaction is in line with its strategy to develop revenue streams from Chinese tourists overseas, through acquisitions in the airlines, infrastructure and hospitality sectors...
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