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...Proprium Capital Partners, a real estate private equity group, has sold back its 35 per cent stake in Motel One to the company’s majority shareholder, One Hotels & Resorts, according to a statement on Tuesday...
...The group had already agreed about £930mn of debt deals in the past year, with lenders including Citi, Standard Chartered, Starwood and CBRE Investment Management....
...Italian prosecutors find suspicious that AC Milan’s parent holding company is “based at the same address” as Elliott’s previous controlling company....
...“Get into whatever building management system you have — the air conditioning, the elevators — and shut them down, or say that you will, and the (business) will pay.”...
...Last week, for example, US budget hotel operator Choice made a $9.8bn public approach for rival Wyndham Hotels and Resorts after the latter broke off merger talks....
...Rival funds from Starwood and KKR continued to limit investor withdrawals as of January, according to public filings....
...The big hotel openings of 2024....
...Dozens of companies are part of the “EHL Alliance”, allowing them to hold recruitment drives on campus....
...The sector’s resilience explains why Choice Hotels International is looking to check into rival Wyndham Hotels and Resorts....
...Two resorts in Saudi Arabia, part of that country’s trillion-dollar-plus Vision 2030 development initiatives, will open by 2026, along with a Riyadh hotel....
...Crans-Montana will join an extensive portfolio that includes Vail Mountain in Colorado, Whistler in British Columbia and three resorts in Australia, together with the RockResorts hotel brand....
...Last year, it bought minority stakes in luxury hotel groups Aman Resorts and Habitas....
...Choice Hotels International has gone public with a nearly $10bn hostile bid for rival Wyndham Hotels and Resorts, after six months of takeover talks to create one of the biggest US budget hotel operators...
...The big Reits stuck to first mortgages, large loans and careful liability management....
...Keith Rodgers, managing director at real estate company Taiga, says the market is also moving higher end, with a profusion of luxury hotels and resorts that are expected to open in the next three years....
...In the first nine months of this year, the $584bn that buyout groups generated from selling companies or taking them public was the lowest in a decade, according to PitchBook data....
...While takeover premiums this year for public buyouts have typically ranged from 30 per cent to 50 per cent of a company’s share price, Hotel Chocolat was in a unique position....
...A more benign while still realistic view comes from Gene Munster of Deepwater Asset Management....
...Some would be invited to stay with Benko at his chalet in the mountains nearby, or else at the Chalet N luxury hotel Signa owned in Lech, one of the most expensive ski resorts in the Alps....
...Peter Sleep, senior portfolio manager at 7 Investment Management, concurred....
...Origin Energy shareholders were not won over in enough numbers to clear a $12.7bn offer from a consortium led by Canadian asset management company Brookfield, which intended to buy and break up the business...
...ski resorts in the Alps....
...Underlying operating profit doubled to €977mn (£837mn), with management flagging significant growth for cruises and strong performances across other categories such as hotels and resorts in the fourth quarter...
...Big read In October 2019 hundreds of wedding guests flew in from around the world to the grandest resort on the French riviera, the Hotel du Cap-Eden-Roc, to witness the marriage of Lars Windhorst to his...
...2008 A general meeting will be held in London for Hotel Chocolat shareholders to vote on the proposed acquisition of the company by Mars....
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