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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...
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Union membership in the country has been falling but levels remain among the highest in Europe and Sweden’s powerful labour groups still wield enormous collective strength, aided by the right to “sympathy...
...Called Australian Wine Holdco, the consortium also includes asset managers Intermediate Capital Group, Capital Four, Sona Asset Management and Samuel Terry Asset Management....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...In 2022, the family winery Joseph Phelps was swallowed up by the luxury group LVMH, which had already acquired a substantial stake in Colgin on prized Pritchard Hill from Ann Colgin and Joe Wender....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...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....
...One year later, it emerged from Chapter 11 at a $7bn enterprise value, higher than its pre-bankruptcy size amid a heated bidding war waged between two private equity groups....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...The combined companies are expected to benefit from tapping into Endeavor’s other businesses, which include sponsorship, ticketing and hospitality groups, as well as the WME talent agency....
...Airbus chief executive Guillaume Faury will relinquish his role as head of the planemaking business to Christian Scherer, current group chief commercial officer, said two people briefed on the situation....
...The group last month reported a record net loss of Rmb48.9bn ($6.7bn) during the first six months of this year....
...When Emanuel’s Endeavor Group first bought into UFC in 2016, the mixed martial arts series had an enterprise value, including debt, of $4.1bn....
...Check out, say, the group One Earth Fund, for one sign of this important trend....
...She cites staffing struggles in the wider hospitality industry and says that, since Brexit, the fair’s European exhibitors had more than halved from 38 in 2018 to 16 last year....
...Last week, I had the pleasure of speaking to students at Vanderbilt’s graduate business school in Nashville, Tennessee....
...Last week, for example, South Korean group LG Chem announced a $3bn investment in a battery plant in Tennessee....
...“Historically, hospitality has been a personal service but I think they have started to realise that technology can facilitate a lot of that,” says Tristan Gadsby, chief executive of hospitality consultancy...
...The Frontier supercomputer at the Oak Ridge National Laboratory in Tennessee has become the first officially recognised exascale supercomputer in the world, ranking Number One in the latest Top 500 list...
...Square Hospitality Group, called it “appalling and unfathomable”....
...The Union Square Hospitality Group Spac, a blank-cheque company run by Meyer, will become a cornerstone investor in the IPO....
...In the case of Chattanooga, Tennessee, domestic flights were down by 809 — a third — compared with the first quarter of 2019....
...Ford’s latest projects in Kentucky and Tennessee are costing the states up to $60,000 and $100,000 a job, respectively....
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