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Articles tagged “private equity”

News Blog

Generator Hostels’ Forecasts 50% Jump in Earnings as Budget Travelers Seek Deals

Generator Group, which owns or runs 21 hotels, gave a financial update on Monday that underscored the post-pandemic boom in travel. London-based Generator Group forecasted that it's on track to produce revenues of about $238 million (€225 million) this year — which would represent a 25% jump over the company's revenue in the pre-pandemic year…

Sean O'Neill | 1 year ago

News Blog

Hotelbeds Touts New General Counsel’s IPO Experience

Hotelbeds, which reportedly hired bankers a couple of months ago to ready an initial public offering, has appointed a new general counsel, and the hotel wholesaler touted her experience in compliance and taking companies public. Source: Hotelbeds Sagrario Fernández, who now leads Hotelbeds' legal and compliance teams, "brings a wealth of experience in IPO processes…

Dennis Schaal | 1 year ago

News Blog

Certares Closes $284 Million Fund for Hospitality Real Estate

Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments. The fund is acquiring hospitality real estate assets in U.S. growth markets. It has already made investments in 10 hotels that together have more than 2,100 keys. The…

Sean O'Neill | 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 | 2 years ago

Extended Stay America Bets Comeback on Adding Franchise Brands

Short-Term Rentals

Alloggio Takes Private Equity Exit in Path for Struggling Short-Term Rentals  

Private Equity restructuring for some short-term rental companies may be welcome — even as it means change of management, possible furloughs and cutting parts of the business. Analysts warn against spelling doom against the entire industry, however, demand still remains strong.

Srividya Kalyanaraman | 2 years ago

Alloggio Takes Private Equity Exit in Path for Struggling Short-Term Rentals  

News Blog

Private Equity-Backed Cendyn Names New CEO to Lead Hotel Tech Company

Cendyn, a software company that offers customer relationship management, digital marketing, and operations tools to hotels, has hired a new chief executive.  The company said Monday that Jack Blaha has taken the role for the Florida-based company. He replaces Tim Sullivan, who had started as CEO in June 2020, a year after the company gained…

Justin Dawes | 2 years ago

News Blog

Awaze Put Up For Sale at $2 Billion by Private Equity Owner Platinum — Report

The owner of European vacation-rentals business Awaze is looking for a sale, according to a media report. U.S. private equity firm Platinum Equity created Awaze after buying a selection of rental businesses from Wyndham Worldwide in 2018. The deal was worth $1.3 billion, and its collection at the time included Novasol, Cottages.com, James Villa Holidays…

Matthew Parsons | 2 years ago

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

Travel Technology

Dallas Cowboys Owner Jerry Jones Invests in Software Firm for Hotels and Vacation Rentals

This deal undoubtedly won't go down as one of the largest of 2022, but it shows the continued interest in investing in hospitality technology. Even Jerry Jones can recognize an interesting deal.

Dennis Schaal | 2 years ago

Dallas Cowboys Owner Jerry Jones Invests in Software Firm for Hotels and Vacation Rentals

Business Travel

Venture Capital Legend Tim Draper Looks to Franchise Hostels

Startup Draper House, which is part of the billionaire investor's funding network, is the perfect embodiment of entrepreneurial tourism, a fast-growing sub sector that blends startup culture and venture capital with hospitality. Co-branding opportunities could help it expand rapidly.

Matthew Parsons | 2 years ago