Articles tagged “Blackstone Group”

Hotels

Oyo to Buy Motel 6 for $525 Million in U.S. Expansion Bid

Oyo, based in India, has tried for years to gain traction in the U.S., but it has claimed that competitors have played hardball. It's now betting that buying a network is its best way to gain scale fast.

Sean O'Neill | 12 hours ago

Oyo to Buy Motel 6 for $525 Million in U.S. Expansion Bid

Hotels

European Hotel Deals Surge as Investors Shun Office Real Estate

The continent offers a bright future for investors. And with waning demand for offices, alternative accommodation brands claim they stand out as a safe political bet.

Matthew Parsons, Skift | 2 months ago

European Hotel Deals Surge as Investors Shun Office Real Estate

Hotels

Blackstone Bets on UK Travel Sector with Village Hotels Takeover

The deal for the 33-hotel chain is reportedly worth $1 billion.

Sean O'Neill | 3 months ago

Blackstone Bets on UK Travel Sector with Village Hotels Takeover

Hotels

Blackstone Weighs Sale of Motel 6 Owner: Report

A famous investment firm is leaving the light on for potential buyers of its budget hotel portfolio.

Sean O'Neill | 5 months ago

Blackstone Weighs Sale of Motel 6 Owner: Report

News Blog

Blackstone Sells Stake in Travel Tech Company IBS Software For $450 Million

Blackstone sold its stake in Indian software company IBS Software for $450 million to British private equity firm Apax Partners.  Founded in 1997, IBS Software sells software-as-a-service solutions to the global travel and logistics industry. The company’s offerings include modular, cloud-based solutions for the travel industry — including cargo and logistics, flight operations, passenger services,…

Srividya Kalyanaraman | 1 year ago

Hotels

Extended Stay America Bets Comeback on Adding Franchise Brands

Suddenly every hotel group seems to be inventing an extended stay brand. But the pioneer U.S. company in the segment, Extended Stay America, says its new strategy will help it fend off rivals.

Sean O'Neill | 1 year ago

Extended Stay America Bets Comeback on Adding Franchise Brands

Hotels

Blackstone, Starwood, Other Big Hotel Investors Prep for Dealmaking Rush Later This Year

When every investor in a sector says they're "cautiously optimistic," watch out.

Sean O'Neill | 2 years ago

Blackstone, Starwood, Other Big Hotel Investors Prep for Dealmaking Rush Later This Year

Hotels

Blackstone Takes Stake in Hotel Owner Sunstone as Private Equity Eyes More Lodging Deals

In a turbulent financial market, players such as Blackstone are worth tracking because they usually have more wherewithal to invest in hotels than others do.

Sean O'Neill | 2 years ago

Blackstone Takes Stake in Hotel Owner Sunstone as Private Equity Eyes More Lodging Deals

News Blog

Blackstone’s Sale of The Cosmopolitan Hotel Notched Profit Record

Alternative asset manager Blackstone released its earnings on Thursday and revealed that its $5.7 billion sale of the Cosmopolitan hotel and casino in Las Vegas had produced about $4.1 billion in profit, the Wall Street Journal estimated The financial firm said in filings that the Cosmopolitan sale was its most profitable single real estate asset…

Sean O'Neill | 2 years ago

Travel Technology

10 Largest 2021 Travel Acquisitions Ripple Across Industry

Big names drove many of the top 10 travel mergers of the year. But among the largest deals, aircraft lessors, rail manufacturers and an online travel agency used the pandemic to scoop up infrastructure and technology to shore up their positions.

Dennis Schaal | 3 years ago

10 Largest 2021 Travel Acquisitions Ripple Across Industry