Hints and tips:
...However, there are challenges when expanding to the European market, said Patrick Scholes, who covers lodging and leisure at investment bank Truist Securities....
...Reddit expects to launch an IPO this year, after lodging a confidential filing to go public with the US Securities and Exchange Commission in December....
...The trading scandal that shook Japan Inc When Japan’s financial regulators raided the offices of the country’s third-largest broker SMBC Nikko last year in a probe into alleged market manipulation, they...
...In March, US lodging chain Extended Stay America announced that it would be acquired by a partnership that included Blackstone for $6bn....
...“We see it [the rise of Airbnb] as a positive contribution to our tourism and recovery of the cities and for the owners of local lodging,” he says....
...Didi, its former combatant in China in booking cars, has entered Uber’s markets via investments into Taxify in Europe and 99 in Brazil....
...In September 2016, the company announced a separate $70m investment by Goldman Sachs....
...“This alternative lodging is where independent hotels were 15 years ago,” Mr Khosrowshahi says....
...One of those has been with US alternative asset manager Blackstone, a relationship that has proved critical to Anbang’s expansion into lodging....
...Government officials accustomed to counting heads of cattle had barely got used to the thrum of multimillion dollar investments....
...Yet this investment was as much down to chance as anything else....
...For example, China Lodging Group [the budget hotel chain with more than 1,000 properties in China] listed on Nasdaq in 2010, in spite of being very much based in China.”...
...Blackstone, meanwhile, owns a giant chunk of Hilton, which it took public in the biggest-ever lodging IPO last year....
...Extended Stay America’s initial public offering on Wednesday marks a turnround for the once-troubled lodging company as its private equity owners take advantage of a US hotel sector comeback....
...The world’s biggest lodging company by rooms raised $2.35bn in an initial public offering, the largest ever by a hotel operator....
...Over the next year or so the buyout group is preparing to list hotel conglomerate Hilton Worldwide and mid-price lodging chain Extended Stay America, and is teeing up an offering or potential sale of La...
...Last month, it filed plans to list Extended Stay America, a mid-price lodging chain, and Brixmor Property Group, its shopping centre unit....
...Dell’s filing with the SEC included the first official confirmation that the company last year invited two other private equity firms to consider making offers, with one getting as far as lodging a preliminary...
...The investments came amid an economic downturn that pushed consumers to seek novel ways to save money....
...The stock is down 7.7 per cent at $14.19.China Lodging Group, a budget hotel operator, closed down 7.5 per cent at $15.69....
...The asking price for the property is €39m, and it is being sold through Beatrice Sidoli at the Real Luxury Inc....
...On Friday, the group also announced that it had completed the purchase of the 480-room Novotel Hotel in New York’s Times Square, in partnership with the Chartres Lodging Group....
...He estimated airlines paid $2bn in insurance premiums last year, while lodging claims that should result in pay-outs by insurers worth $1.2bn....
...Cerberus, the private equity group, and Chatham Lodging Trust are trying to walk away from their $1.1bn deal to buy 64 hotels from bankrupt chain Innkeepers, arguing that the business had undergone a so-called...
...In one piece of good legal news for BofA, Bloomberg reported that a US federal judge dismissed claims by BNP Paribas and Deutsche Bank against BofA over losses stemming from the European banks’ investment...
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