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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...
...The commercial entity and its billionaire backers are distinct from PGA Tour Inc, the tax exempt organisation that administers golf events....
...Anschutz Entertainment Group, which owns London’s O2 Arena, and German ticketing group CTS Eventim, with which AEG co-owns London’s Hammersmith Apollo, were among them, they added....
...In 2021, the group bought Morrisons in a £10bn deal. It also owns assets including petrol station operator Motor Fuel Group and part of car windscreen repair company Belron....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
...Only about one-third of available Airbnb rentals for the Paris area have so far been booked during the Olympics, according to data analytics group AirDNA, while 3,000 to 3,500 new listings are coming online...
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...The group estimated the rule would cost airlines $33bn over 10 years....
...In the end, the Fenway-led group, dubbed Strategic Sports Group, stepped to the front of the line....
...Perversely, property owners may be dissuaded in future from converting their properties back to long-term lets if they have to apply for another change of use, warns the campaign group Generation Rent....
...But through 2022 and early 2023, travel and leisure stocks stagnated as the revenue gains from resurgent travel were already priced in....
...The US short-term rental group is a top-level sponsor of the games....
...For ESPN, Penn offers expertise in the gambling sector and the technology to power the new app, which the casino group acquired in its $2bn takeover of Canadian gaming app theScore in 2021....
...Bruin Capital, the investment group founded by former IMG executive George Pyne, agreed to sell sports marketing company Two Circles....
...This week, the tour approved a deal for a group of investors led by Liverpool FC and Boston Red Sox owner John Henry and his Fenway Sports Group to buy into the new entity....
...The companies say the Hawaiian leisure air travel market is worth $8bn a year. Unfortunately for the partners, the regulators have taken a tough stance against consolidation in the airline industry....
A well-matched duo announces an all-stock merger
...The Chinese ride-hailing group has posted its first profit since Beijing’s crackdowns in 2021....
...The deal marks the end of CPI Property Group’s ownership of the resort....
...US private equity group Silver Lake is considering taking Endeavor Group private, with a potential deal for Ari Emanuel’s Hollywood talent agency that would be one of the year’s largest buyouts....
...The US group settled on Wednesday with Agenzia delle Entrate, the Italian tax office, for a lower sum than was ordered by authorities last month....
...“Retail spending has been down all year, restaurant spending, travel, services, leisure,” she told CNBC....
...Lawrence Stroll’s Aston Martin was valued at more than £1bn in a minority-stake sale to Doc O’Connor’s sports investment group Arctos just last week....
...It could provide access not only to the latest technology (Apple’s, naturally) and leisure facilities, but also to landscaped outdoor parkland....
...The luxury sneakers do, however, successfully signal to a select group of people that you are rich. The problem is that to a different select group of people, they signal that you are an idiot....
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