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...The majority owner of Motel One Group has taken full control of the budget hotel chain in a transaction that values it at €4.1bn, the latest sign of a return to dealmaking in the hospitality sector following...
...Spain has overtaken the UK as hotel investors’ favourite destination this year, following a series of large hospitality deals in the south European country, according to a survey by CBRE....
...F1’s operating profit increased by 64 per cent to $392mn in 2023 from a year earlier, as revenues surged to $3.2bn from $2.5bn. Dorna’s revenues totalled €483mn in 2023....
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
...In the years when Buffett outperformed, it had a market cap of $100bn or less, and represented a smaller fraction of the S&P. Now it is $900bn and about 2 per cent of the index....
...One good read A big hospital chain goes bankrupt, a few years after its private equity owners sold their stake for a big profit to a group led by the chain’s chief executive, who subsequently took a huge...
...According to data from S&P Global, technology groups dominate the list of the 50 companies with a market value of more than $10bn that made the biggest percentage gains in 2020....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...New York’s hospitality industry “absolutely still needs labour,” said Andrew Rigie, executive director of the NYC Hospitality Alliance, a trade group for the city’s restaurants and bars....
...Research from Cairn Hotel Group found a third of hotel workers expected to leave the industry after six months....
...S&P declined to comment and Visible Alpha did not respond to a request for comment....
...His comments follow a double-digit drop in Meta’s shares after its earnings in April on news that the larger social media group planned to continue its AI spending spree, but expected it to take time to...
...Apple led the group with a 6 per cent lift after its results on Thursday showed that sales declined less than analysts expected....
...“As with quite a lot of things at the moment in hospitality, the pain falls very unevenly,” he said....
...A group of freshmen dressed in smart white polo shirts are racing to tidy and clean their classmates’ rooms....
...Now, several members of the SBTi’s external advisory groups have sent a letter to the board, which has been seen by Moral Money, urging it to formally withdraw the statement....
...For a stock that is expected to increase earnings below the S&P 500’s average pace this year and next, that’s still a lot....
...Paramount Global was the S&P 500’s best performer, soaring 15 per cent on news reports Skydance Media had reached a deal to acquire the entertainment group....
...Apple was the only gainer in the Magnificent Seven group of big tech stocks. Meanwhile, the dollar was up 0.6 per cent against a basket of six peers and on track for a four-session winning streak....
...More than 90 per cent of S&P 500 stocks closed higher on Wednesday, as a broad rally in late trading lifted the benchmark index to its first record high in almost a week....
...She joins a number of other senior leaders and employees that have recently departed. Goldman Sachs has promoted Dan Blank to co-chair of its global M&A group....
...InterContinental Hotels Group aims to double its portfolio in Germany to more than 200 hotels by 2028, through a 30-year franchise agreement with the country’s largest family-run hotel operator Novum Hospitality...
...The deal is the latest in a recent wave of private equity groups returning to the hospitality and leisure sector....
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
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