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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Called Australian Wine Holdco, the consortium also includes asset managers Intermediate Capital Group, Capital Four, Sona Asset Management and Samuel Terry Asset Management....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...Those considering a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...One year later, it emerged from Chapter 11 at a $7bn enterprise value, higher than its pre-bankruptcy size amid a heated bidding war waged between two private equity groups....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...The combined companies are expected to benefit from tapping into Endeavor’s other businesses, which include sponsorship, ticketing and hospitality groups, as well as the WME talent agency....
...Airbus chief executive Guillaume Faury will relinquish his role as head of the planemaking business to Christian Scherer, current group chief commercial officer, said two people briefed on the situation....
...The group last month reported a record net loss of Rmb48.9bn ($6.7bn) during the first six months of this year....
...When Emanuel’s Endeavor Group first bought into UFC in 2016, the mixed martial arts series had an enterprise value, including debt, of $4.1bn....
...Check out, say, the group One Earth Fund, for one sign of this important trend....
...She cites staffing struggles in the wider hospitality industry and says that, since Brexit, the fair’s European exhibitors had more than halved from 38 in 2018 to 16 last year....
...Norco’s writing nods to Southern Gothic authors such as William Faulkner and Cormac McCarthy alongside genre writers Raymond Chandler and William Gibson....
...“Historically, hospitality has been a personal service but I think they have started to realise that technology can facilitate a lot of that,” says Tristan Gadsby, chief executive of hospitality consultancy...
...Square Hospitality Group, called it “appalling and unfathomable”....
...The Union Square Hospitality Group Spac, a blank-cheque company run by Meyer, will become a cornerstone investor in the IPO....
...American’s changing of the guard epitomises a transition playing out at other companies in the travel, leisure and hospitality sector....
...The private equity group Fortress completed a similar investment deal with the Irish hotel operator Prem Group earlier this month....
...Boston Celtics co-owner Stephen Pagliuca led the investment group behind the deal, which values the team at about €500mn, Reuters reported....
...With this in mind, Knighthead, which now manages $8.3bn in assets, and Certares, which specialises in investing in the travel, tourism and hospitality sectors, raised $1.5bn in spring 2020 to invest in the...
...F1 group revenues totalled $1.3bn in the first nine months of 2021, despite having to hold several races without full capacity crowds....
...In addition, logistics groups are losing workers, who shifted to warehouses from hospitality at the height of the pandemic and are now returning to ply their original trade, said James Wroath, chief executive...
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