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...Fortress tapped into Japan’s surging pre-Covid tourism industry following its acquisition of hotel operator Mystays Hotel Management in 2012....
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...Its collapse is at the centre of a financial and political scandal that has engulfed Swiss bankers, Australian insurers and former UK prime minister David Cameron....
...Starwood also acquired a portfolio of seven Hilton hotels in the UK in February....
...Colony Capital, the real estate investment group founded by Tom Barrack, said its portfolio companies had defaulted on $3.2bn of debt secured by hotels and healthcare-related properties....
...Now he’s been convicted of looting Azerbaijan’s state bank, and his case is at the centre of a UK crackdown on dirty money....
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...From DIY centres to TV broadcasters and blue-chip tech giants to robot makers, crematoriums and producers of fire hoses, companies are being forced to publicly engage with activists at a frequency and intensity...
...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?...
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...Iconiq has become a significant investor in data centres, which, though high tech, are relatively low-risk infrastructure investments....
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