Hints and tips:
...It now has 73 hotels across the Canary Islands, the Balearic Islands, Italy, Greece and Portugal. Recent new openings include an all-inclusive resort in Mallorca....
...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...
...It’s a good ol’ American name, Death Valley, coined by prospectors in a time before euphemism....
...In June of last year, CVC Capital Partners bought Away Resorts for £250mn followed by Aria Resorts in August....
...Crown Resorts has come under regulatory pressure in Macau, the world’s biggest gambling hub....
...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....
...Whitbread, Britain’s biggest budget hotel operator, has poached Domino’s Pizza UK head Dominic Paul to replace its chief executive Alison Brittain....
...Late last year, he opened another project: what could be described as an immersive urban resort for design obsessives....
...Crown Resorts has agreed to enter takeover talks with Blackstone after the US investment firm sweetened its bid to buy the Australian casino operator to about A$8.9bn (US$6.5bn)....
...MGM Resorts International is paying $1.6bn to take over operations of the 3,000-room hotel overlooking the Las Vegas Strip, which incorporates a nightclub, a casino, and more than two dozen bars and restaurants...
...On Monday MGM Resorts International announced it was paying $1.6bn to take over operations at the 3,000-room hotel overlooking the Las Vegas Strip....
...Crown, which owns casinos and hotel resorts in Sydney, Melbourne and Perth, has also attracted a third suitor....
...Choice Hotels and Wyndham Hotels & Resorts, both of which run budget and longer-stay hotels, are trading on ratios that are twice as high....
...Butlin’s resorts are closed until mid-February, according to its website....
...Melbourne-based Crown Resorts said on Wednesday that Blackstone had purchased shares in the company worth A$551m ($360m) from Melco Resorts and Entertainment, the Macau-based gaming company controlled by...
...The deal comes just months after the New York-based private equity and real estate group acquired MGM Resorts’ Bellagio Hotel and Casino for $4.25bn, in a bet on the economic future of gaming — and Las Vegas...
...He later went on to buy a film studio and to create, in the MGM Grand, the Las Vegas mega-resort that is the centrepiece of the modern group....
...& Resorts....
...Now, Blackstone may find itself once again owning US luxury hotels it had sold to Anbang. it is one of several potential buyers for what was the portfolio once called Strategic Hotels & Resorts, the FT’s...
...HNA sold off its stakes in Hilton Worldwide, Hilton Grand Vacations and Park Hotels & Resorts, for a total of $8.4bn....
...Blackstone acquired the resorts in 2006 for a reported €630m, then worth £434m....
...When Blackstone sold Strategic Hotels & Resorts — the owner of 16 luxury hotels in the US — to the Chinese insurer Anbang for $5.5bn in 2016, it did not need to consider the risk that Strategic would become...
...Witkoff, a global real estate development and investment firm, together with a subsidiary of Vector Group said on Tuesday that they have acquired a Las Vegas resort hotel for $600m from Icahn Enterprises...
...The Chinese insurance business bought the Waldorf-Astoria hotel from the private equity titan in 2016 as well as another hotel chain, Strategic Resorts, for nearly $9bn....
...Among Blackstone’s recent disposals to Chinese buyers are the sale of real estate assets such as New York’s Waldorf Astoria Hotel in the US and Strategic Hotels and Resorts to Anbang Insurance....
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