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...But luxury hospitality moves fast. “My goal is to be a purpose-led luxury lifestyle brand,” she declares. “When people ask me, ‘Who are your hotel competitors?’...
...The deal marks the latest example of private equity’s continued interest in the hospitality and leisure sector....
...Deacons O: 8; L: 8; I: 8; Total: 24The firm achieved the listing of a suite of investment products on the Hong Kong Stock Exchange on behalf of Taiwanese asset management firm Fubon Fund Management, including...
...Fortress, which has about $54bn under management, is one of several private equity groups, including KKR and Oaktree Capital Management, that are flush with cash and seeking deals in the hospitality sector...
...It is still a grim time to be in hospitality after stringent lockdowns and international travel bans slashed demand....
...“The Conservatives are handing out eye-watering sums of taxpayers’ money to management consultants, every penny of which means less investment in the frontline staff who keep our NHS going,” said Wes Streeting...
...He was formerly a managing director and vice-chairman of global wealth management at UBS....
...Blackstone called the deal “a very small investment”, which already had problems before Covid-19 shut much of the hospitality sector down....
...Last month, Silver Lake invested in Expedia and Airbnb, which have both been hit by strain in the travel and hospitality industries....
...The defaults occurred within a portfolio of 157 “hospitality properties” and 357 nursing homes, assisted living centres and other healthcare-related properties, which accounted for nearly three-quarters...
...Investors have homed in on SoftBank’s Vision Fund and its bets on cash-burning start-ups such as the food delivery company DoorDash and Indian hospitality group Oyo Hotels....
...“While the current environment is clearly a difficult one for the hospitality industry, the desire to travel and have authentic experiences is fundamental and enduring,” Egon Durban, Silver Lake co-chief...
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...So did Veritas Capital, which is where chief executive Ramzi Musallam set up shop after spending part of his career working for noted investor and hospitality heir Jay Pritzker....
...One said Mr Fertitta made a $13 per share cash-and-stock offer but that he did not extend it to Caesars’ former private equity owners, Apollo Global Management and TPG Capital....
...The new $3.1bn company owns properties across the healthcare, industrial and hospitality sectors....
...Apollo has experience in leisure and hospitality companies and the recurring nature of membership fees — renewal rates are about 80 per cent — means relatively steady cash flow....
...People close to the new F1 management insist it is an “undermanaged” enterprise with plenty of untapped potential....
...He left the group in 2005 after disagreements with its management, to focus instead on real estate investing....
...“These are good market conditions provided you have strong risk management and controls,” says Mr Salmon....
...Mr Cosslett, former chief executive of InterContinental Hotels Group, is bringing a dose of hospitality culture to the gyms industry....
...In May, Qatar-based Katara Hospitality agreed a deal to acquire five of the group’s hotels, including the Carlton in Cannes, and the Amstel in Amsterdam....
...As part of the 2010 deal, state-backed Qatari Diar promised to provide management contracts to Fairmont for a number of the group’s hotel brands....
...TPG, Cerberus Capital Management, Apollo Global Management and Leonard Green are currently doing due diligence on the group....
...But shortly after Apollo made it’s initial offer, KSL, a speciality firm with experience in the hospitality sector, offered $6.25 a share....
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