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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...The Florida-based investment group contains the remnants of Colony Capital, once a large investor in offices and luxury hotels, which was founded by Tom Barrack, an ally to former US president Donald Trump...
...Only about one-third of available Airbnb rentals for the Paris area have so far been booked during the Olympics, according to data analytics group AirDNA, while 3,000 to 3,500 new listings are coming online...
...He said private equity groups are starting to follow family offices into the market, which will result in more deals over the next six months....
...Andrew Clarke, global president of Mars’s snacking division, said Hotel Chocolat “fills a gap in our portfolio”, adding that the group had already pursued a premiumisation strategy with its petcare business...
...The big hotel openings of 2024....
...Plenty of talent has walked out of Goldman’s door — including Gregg Lemkau and Ram Sundaram — and yet it has only gained market share since. The machine is working....
...They waved frantically to guests at a hotel across the street. “We finally started making . . . the S-O-S sign,” she recalled....
...Kaplan said the industry’s largest gain was on Blackstone’s buyout of hotel group Hilton Worldwide, which yielded more than $11bn in gains....
...The US short-term rental group is a top-level sponsor of the games....
...Those considering a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...The deal marks the end of CPI Property Group’s ownership of the resort....
...now chair of the Fintech Association for Consumer Empowerment group....
...Calay cited the example of InterContinental Hotels Group which suspended its dividend during the Covid pandemic in March 2020....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...After a protracted battle that lasted more than 400 days, only 69 per cent of shares were cast in favour of the deal in a vote at the city’s Shangri-La hotel....
...There’s the look, reminiscent of the less-is-more modernist refinement of Dieter Rams’ work for Braun....
...But the elephant in the ballroom at the Roosevelt Hotel was Elon Musk....
...Comparing like-for-like between different stock markets isn’t super fair, but that’s worth about the same is InterContinental Hotels Group, another company that can pin at least some of its success on facilitating...
...But the absolute charmlessness of the hotel is overpowering....
...For Apple in India “it’s absolutely a story in progress only, there’s no denying that”, said Prabhu Ram, head of the industry intelligence group at CyberMedia Research....
...At one point he found a hotel room for €20 a night, “a miracle for Santorini”, he said....
...There’s a video of this moment, and it shows armed officers with battering rams dressed in riot gear....
...Wild: banking edition When a group of Credit Suisse bankers gathered for a camping retreat with Bear Grylls in Sai Kung, Hong Kong, they were ostensibly there to glean wisdom from the celebrity survivalist...
...The atmosphere was warm and woozy, and the clientele an elegant mix of glamorous locals celebrating birthdays and dining à deux, and groups of well-dressed Americans and their children, dazed to be staying...
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