Hints and tips:
Related Special Reports
...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...
...Wyndham’s management is right to play hard to get. Any deal would probably attract antitrust scrutiny. Wyndham may be looking to be better compensated for taking on this risk....
...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 hotel openings of 2024....
...A more benign while still realistic view comes from Gene Munster of Deepwater Asset Management....
...Peter Sleep, senior portfolio manager at 7 Investment Management, concurred....
...goes hostile in Wyndham takeover battle (Reuters) EY Is Laying Off us Partners Amid Tough Economic Conditions (Wall Street Journal)...
...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....
...Silver Lake, with $101bn in assets under management, is a US private equity firm known for its tech investments....
...It has teamed up with Optimum Asset Management to raise a €500mn real estate fund....
...statement, Kering Q3, Mattel Q3, Meta Q3, Moody’s Q3, Porsche Q3, Reckitt Benckiser Q3, RWS FY trading statement, Santander Q3, SEB Q3, UMC Q3, Western Union Q3, Wyndham Hotels & Resorts Q3 Thursday Bank...
...But the Wirths are paramount (Ursula Hauser, who is now 84, never played a management role). Iwan Wirth himself has both a public and a private face, in keeping with Swiss tradition....
...On her first trip down to Mexico City, Fraser checked into a hotel, and didn’t check out until 100 days later....
...Five-star assets Raffles London, the lavish hotel once home to Winston Churchill’s office, underscores a new era of inflation-resistant super-luxury hospitality as foreign investors snap up trophy assets...
...News round-up Choice Hotels launches $10bn hostile bid for rival Wyndham (FT) Sam Bankman-Fried’s lawyer rebuts claims of frivolous FTX spending (FT) Goldman profits drop 36% after pullback from retail...
...But the elephant in the ballroom at the Roosevelt Hotel was Elon Musk....
...Wyndham Hotels & Resorts, the company behind La Quinta and Howard Johnson, reported a one-third increase in net income, despite lower revenue....
...Spare rooms are not regulated like hotels, nor do they come with hotel-style management costs. Airbnb was flush with venture capital and willing to sacrifice profits for growth....
...The volumes of hotel deals struck in Europe increased to €4.3bn in the first quarter, according to real estate advisers Cushman & Wakefield....
...“I wouldn’t call this a bubble,” said Koji Toda, a fund manager at Resona Asset Management. “And there is still no certainty of overcoming deflation.”...
...Or trash management at least....
...For a hotel, that might be guests’ passport details; for a spa, it could be customers’ health data; for a manufacturer, it could be intellectual property....
...Part of that included carrying on with the conference at Hong Kong’s five-star Conrad hotel, fittingly themed “Embracing Reality”. On the surface, things seemed like business as usual....
...Increasing power outages and logistics breakdowns also pose risks to management of product deliveries....
...FT Live event: Future of Asset Management North America For a limited time, we’re offering recipients of the FT Asset Management newsletter a complimentary digital pass to the Future of Asset Management...
International Edition