Hints and tips:
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Blackstone bought the Milan property as part of its 2021 acquisition of Reale Compagnia Italiana, a private Italian firm that also owned offices, hotels and residential properties in the city....
...Another wondered, “who’s going to blink first” on valuations, adding that LPs may soon start asking if “maybe we should sell these assets”....
...Blackstone Group is selling a stake in Spanish hotel group Hotel Investment Partners to Singaporean sovereign wealth fund GIC, in a move that will provide capital for the business to expand at a time when...
...From the beginning of 2021 to the third quarter of last year, the Blackstone Real Estate Income Trust, or Breit, acquired roughly $60bn of property, including hotels, warehouses and self-storage facilities...
...This sprawls across financial services into managing hotels and underground car parks. ValueAct wants Seven & i to focus on lucrative conbinis and spin off underperforming businesses....
...this idea that we are supposed to be happy and balanced all the time,” says the immaculately turned-out Montenegrin guitarist when we meet, a few weeks before Christmas, in the foyer of an upmarket London hotel...
...Default notice Japanese hotel chain Unizo was once the subject of a private equity bidding war....
...use NAV loans just to drive distribution and you have leverage on leverage . . . if it’s just leverage because you haven’t been able to create value and or drive exits then I’d be very wary if I was an LP...
...different scenario from the 2008 crisis when Blackstone’s traditional private equity funds with long-term lockups allowed it to ride out the crisis and fix portfolio companies, most notably the Hilton hotels...
...The Carlyle Group notably got its name from a New York hotel the founders were fond of. Like hotels, private equity groups have checkout times....
...The group, which also owns Haven caravan parks and Warner Leisure Hotels, reported that sales more than halved to £506.8mn in 2020 because of volatile trading during the coronavirus pandemic, leaving it...
...Among newer arrivals, Fort Road Hotel deserves a look-in....
...Whitbread, Britain’s biggest budget hotel operator, has poached Domino’s Pizza UK head Dominic Paul to replace its chief executive Alison Brittain....
...In private meetings at the InterContinental hotel, the industry’s senior figures predicted everything from an 18-month “blip” to a difficult decade....
...The 13-room Piet Hein Eek Hotel occupies the third floor of his 11,000 sq m campus....
...It’s all anchored by Moore’s own clean-yet-cheerful designs in wood and steel, some of which are now part of the decor in the city’s new Ace Hotel. Appointment only....
...The allegations against Crown include the use of shell accounts to take customer deposits, running transactions through hotel reception that could be later redeemed within the casino, and the use of cash...
...The fund has been expanding into the casino sector since 2019 when it acquired the real estate assets of the Bellagio hotel and casino in Las Vegas from MGM....
...And one BIG event: We can’t wait to see you tomorrow in London at the Pan Pacific hotel in London for Due Diligence Live....
...The deal is the latest by Blackstone in the casino sector, after the private equity investor agreed in 2019 to acquire the real estate assets of the Bellagio Hotel and Casino in Las Vegas from MGM for $4.25bn...
...TPG ushers in a new kind of private equity listing Imagine winning a $26bn deal for hotel empire Hilton Worldwide, then unearthing life-saving cash to salvage it after the 2008 crisis and pulling off one...
...market I’ve seen in my entire career”, said Jan Stahlberg, who runs buyout group Trill Impact and has worked in private equity since 1995, during another panel discussion at the plush InterContinental hotel...
...Blackstone sold assets worth $21.8bn in the quarter, including the $5.7bn sale of The Cosmopolitan hotel in Las Vegas, a symbol of the reopening....
...There were also differences among consumer discretionary companies, especially those in leisure, restaurants and hotels....
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