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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...
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Called Australian Wine Holdco, the consortium also includes asset managers Intermediate Capital Group, Capital Four, Sona Asset Management and Samuel Terry Asset Management....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...As the Russells unveil their new seaside estate in Newport, Rhode Island, their neighbour on Fifth Avenue, Agnes van Rhijn (a terrifically cutting Christine Baranski), reels from the revelation that her...
...The government granted nearly £46mn of surplus free carbon credits to agricultural group CF Fertilisers and Jim Ratcliffe’s Ineos for sites the companies then permanently closed....
...A law firm consultant said a managing partner of a top firm once called his Newport, Rhode Island, holiday home, “the house that Citi built”, because of the deal he got on his mortgage....
...Those considering a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...One year later, it emerged from Chapter 11 at a $7bn enterprise value, higher than its pre-bankruptcy size amid a heated bidding war waged between two private equity groups....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...The combined companies are expected to benefit from tapping into Endeavor’s other businesses, which include sponsorship, ticketing and hospitality groups, as well as the WME talent agency....
...Judging from the website — which is as close as I’m prepared to go — it’s got a well-varied and populist burger menu, is delighted to cater to large groups and is decorated like a CBeebies set reimagined...
...Airbus chief executive Guillaume Faury will relinquish his role as head of the planemaking business to Christian Scherer, current group chief commercial officer, said two people briefed on the situation....
...The group last month reported a record net loss of Rmb48.9bn ($6.7bn) during the first six months of this year....
...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....
...Check out, say, the group One Earth Fund, for one sign of this important trend....
...She cites staffing struggles in the wider hospitality industry and says that, since Brexit, the fair’s European exhibitors had more than halved from 38 in 2018 to 16 last year....
...Andrew Carnie, previously the group’s global president, will replace him....
...“Historically, hospitality has been a personal service but I think they have started to realise that technology can facilitate a lot of that,” says Tristan Gadsby, chief executive of hospitality consultancy...
...Square Hospitality Group, called it “appalling and unfathomable”....
...The Union Square Hospitality Group Spac, a blank-cheque company run by Meyer, will become a cornerstone investor in the IPO....
...American’s changing of the guard epitomises a transition playing out at other companies in the travel, leisure and hospitality sector....
...The private equity group Fortress completed a similar investment deal with the Irish hotel operator Prem Group earlier this month....
...Boston Celtics co-owner Stephen Pagliuca led the investment group behind the deal, which values the team at about €500mn, Reuters reported....
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