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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....
...Deacons O: 8; L: 8; I: 8; Total: 24The firm achieved the listing of a suite of investment products on the Hong Kong Stock Exchange on behalf of Taiwanese asset management firm Fubon Fund Management, including...
...Staci Patton, a Chicago-based interior designer at DLR Group who specialises in hotels, can certify that is true....
...Fortress, which has about $54bn under management, is one of several private equity groups, including KKR and Oaktree Capital Management, that are flush with cash and seeking deals in the hospitality sector...
...It is still a grim time to be in hospitality after stringent lockdowns and international travel bans slashed demand....
...“The Conservatives are handing out eye-watering sums of taxpayers’ money to management consultants, every penny of which means less investment in the frontline staff who keep our NHS going,” said Wes Streeting...
...Squire Patton Boggs has hired Steven Ward as a partner in London, where he will lead the development of a new funds practice. He joins from Paul Hastings....
...He was formerly a managing director and vice-chairman of global wealth management at UBS....
...Blackstone called the deal “a very small investment”, which already had problems before Covid-19 shut much of the hospitality sector down....
...Squire Patton Boggs has added Chris Swart and Katie Pritchard to its commodities and shipping group as partners. They join from Holman Fenwick Willan with four other lawyers....
...Last month, Silver Lake invested in Expedia and Airbnb, which have both been hit by strain in the travel and hospitality industries....
...The defaults occurred within a portfolio of 157 “hospitality properties” and 357 nursing homes, assisted living centres and other healthcare-related properties, which accounted for nearly three-quarters...
...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...
...“Taking aid is not neutral, just like the banks found [after the 2008 crisis],” said James Collis, a banking and finance lawyer at Squire Patton Boggs in London....
...Squire Patton Boggs has added former KPMG executive Stephen Ball and Simpson Thacher associates Charles Leeming and Ben Squires to its global corporate practice in London....
...Other members include Hollywood executive Peter Guber, baseball executive Stan Kasten, Texas businessman Bobby Patton, and Mr Johnson....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...So did Veritas Capital, which is where chief executive Ramzi Musallam set up shop after spending part of his career working for noted investor and hospitality heir Jay Pritzker....
...Frank Placenti, lead author of the report and chairman of Squire Patton Boggs’ corporate governance and securities regulation practice, says research shows that proxy advisers are “regularly guilty of issuing...
...One said Mr Fertitta made a $13 per share cash-and-stock offer but that he did not extend it to Caesars’ former private equity owners, Apollo Global Management and TPG Capital....
...The new $3.1bn company owns properties across the healthcare, industrial and hospitality sectors....
...Apollo has experience in leisure and hospitality companies and the recurring nature of membership fees — renewal rates are about 80 per cent — means relatively steady cash flow....
...It was requisitioned by the War Office and in 1944 used to lodge General George Patton as the headquarters for his US Third Army....
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