Hints and tips:
...One such example was a company called European Wax Centre, an operator of hair removal salons that was acquired in 2018 by private equity firm General Atlantic with a $180mn loan from private lender Blue...
...spending money hand over first to snap up stakes in everything from Deutsche Bank to Hilton International?...
...Among the first to tap credit lines in this crisis were companies such as Norwegian Cruise Line and Hilton Worldwide, which were acutely hit by fallout from the global health pandemic as customers cancelled...
...But he claims too many hotel operators now suffer from “brand creep”: whereby their separate chains start to look like one another and they fail to target different customers — a criticism he makes of his...
...The Ally IPO is the US’s biggest since Hilton Worldwide, the hotel chain operator backed by Blackstone, raised $2.7bn in December....
...On Monday, Blackstone-backed hotel chain Hilton Worldwide said it would seek to raise up to $2.4bn in what would be the largest ever IPO by a hotel operator....
...Other appointments to the new board included executives from Hilton, the state-owned discount airline flydubai, and Dubai Holding itself....
...Large overseas hotel developers and operators, from the Ritz-Carlton group to Hilton Worldwide, are planning to open new premises in Japan over the next several years....
...It also wrote up the value of its investment in HCA, the US’s biggest hospital operator....
...Grant Hearn, chief executive, said: “We’re seeing FTSE 100 companies switching from the Hiltons and Marriotts of the sector as firms realise there is no need to spend a fortune.”...
...The nursing home operator fell 1.6 per cent to $64.27 this week, as the $67-a-share buy-out price disappointed some investors....
...Colony Capital owns gambling resorts and hotels, including the Atlantic City and Las Vegas Hiltons....
...MGM gained 10.6 per cent to $54.21 on news that Tracinda Corporation was planning to raise its stake in the casino operator to 61.7 per cent from 56.3 per cent....
...Speculation over future private equity buy-out candidates helped push shares in Hilton Hotels to a 52-week high of $34.05 and its shares rose 9.2 per cent to $33.75....
...Hilton Group was advised by Deutsche Bank. HHC’s lead adviser was UBS, with Banc of America Securities LLC and Morgan Stanley as co-advisers....
...So-called “sale-and-manage-backs” allow hotel operators to release capital tied up in assets while continuing to generate income as hotel managers and operators....
...LEISURE There is talk of a £3.6bn deal between Hilton Hotels Corporation of the US and Hilton Group of the UK....
...Punch Taverns rose 2.2 per cent to 690p on rumours of a bid for the pub operator....
...Hilton Group rose 0.6 per cent to 314p after the hotel operator flagged an important strategic change by announcing it will return to shareholders a substantial part of the £400m that it plans to raise via...
...The good news gave a boost to Hilton Group, owner of the Ladbrokes betting shops, up 1.4 per cent at 294.75p....
...Hilton, the hotels to betting shop group, moved 3.1 per cent ahead to 257¾p after Seymour Pierce said the shares had been hit unfairly by recent poor hotel figures in the US, where Hilton has little exposure...
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