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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....
...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....
...Opened in February 2022, it’s a collaboration between Trippa Milano and local restaurant group ZS Hospitality....
...Commended Hogan Lovells O: 6; L: 8; I: 7; Total: 21The lawyers helped the IFC with two bond issuances in the Philippines, one in the healthcare sector and one financing renewable energy for the hospitality...
...The group has a digital assets practice it says provides services to crypto exchanges, issuers of non-fungible tokens and crypto hedge funds, among other clients....
...He likes to joke that only two people have more prestigious real estate under their control in Europe: the British monarch and the pope....
...If my pay had increased 40 per cent last year to £2.5mn, like Formica’s did, or doubled to £2.2mn, like that of Alison Brittain, who is leaving as chief executive of hospitality group Whitbread, I would...
...Fortress also owns the US restaurant group SPB Hospitality and this month took a majority stake in the Irish hotel company Prem Group....
...Other MEPs and officials said their Twitter feeds had recently been filled with adverts from tech lobby groups on issues that Google particularly cares about....
...It has begun legal action against two further companies in the group....
...It is still a grim time to be in hospitality after stringent lockdowns and international travel bans slashed demand....
...“So far, we are seeing a relatively strong recovery,” says James Swanston, economist at Capital Economics, a London-based consultancy — although he notes that travel disruption still weighs on the hospitality...
...It will still be a requirement for all members of a party to either check in using the app, or leave their contact details, when visiting outdoor hospitality from April 12....
...However, as travel slowly resumed and vaccine uptake has increased, the prospects of travel and hospitality companies have rallied sharply....
...But, as our Big Read explains, what some have labelled a botched rollout is an extremely politically sensitive issue: the vaccine is being made by a company owned by the country’s monarch and head of state...
...The San Francisco-based investment group has agreed to take a majority stake in Legends Hospitality, the global concessions and in-venue experience company co-owned by two of the wealthiest franchises in...
...group’s billionaire founder Jack Ma and the Communist party....
...Blackstone called the deal “a very small investment”, which already had problems before Covid-19 shut much of the hospitality sector down....
...Colony Capital, the real estate investment group founded by Tom Barrack, said its portfolio companies had defaulted on $3.2bn of debt secured by hotels and healthcare-related properties....
...Last month, Silver Lake invested in Expedia and Airbnb, which have both been hit by strain in the travel and hospitality industries....
...In the midst of a global pandemic, anyone who owns a business in the aviation, hospitality or cruise ship industry is fighting for survival....
...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...
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