Articles tagged “blackstone”

Daily Lodging Report

Blackstone Raises a $30 Billion Investment Fund

Blackstone announced the final close of its Blackstone Real Estate Partners X fund with $30.4 billion of total capital commitments, the largest real estate or private equity drawdown fund ever raised.

8 months ago

Business Travel

Offices Find New Ways to Compete With Hotels For Remote Workers

Companies that went hybrid are now being urged to "reuse" their office spaces by renting them out to other remote workers. Here we go again.

Matthew Parsons | 8 months ago

Offices Find New Ways to Compete With Hotels For Remote Workers

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 | 10 months ago

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

Hotels

Aman Resorts Scales Up and Other Top Stories This Week

In Skift's top stories this week, Aman Resorts has big plans after receiving a $900 million investment, event attendance hit a plateau, and Vacasa announced a new CEO.

Rashaad Jorden | 1 year ago

Aman Resorts Scales Up and Other Top Stories This Week

Hotels

The Americas Lead the Accommodation Sector’s Recovery

Today’s edition of Skift’s daily podcast looks at the near yet uneven recovery of the global accommodation market, Blackstone’s investment in hotels, and the labor opportunity with apprenticeships.

Rashaad Jorden | 1 year ago

The Americas Lead the Accommodation Sector’s Recovery

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 | 1 year 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 | 1 year ago

Hotels

Crown Resorts Shareholders Approve $6.3 Billion Sale to Blackstone

A step nearer for Blackstone, but a few gambling regulators dotted around Australia now get to have their say. It's not a done deal yet.

Harish Sridharan and Indranil Sarkar, Reuters | 2 years ago

Crown Resorts Shareholders Approve $6.3 Billion Sale to Blackstone

Business Travel

Blackstone Gives Hotel Portfolio Access to Groups360 as Part of Wider $35 Million Funding Deal

Blackstone wants to capitalize on the upside of a travel recovery in hotels, and its investment in Groups360 is a small step. The upshot is it helps Groups360 triple the number of hotels it works with.

Matthew Parsons | 2 years ago

Blackstone Gives Hotel Portfolio Access to Groups360 as Part of Wider $35 Million Funding Deal

Hotels

U.S. Hotel Companies Largely Rebound to Profitability

Marriott, Hilton, Choice Hotels, and Wyndham all swung to profitability last year, per earnings reports this week. Even if Hyatt didn't, the other reports mostly amounted to a strong sign of recovery well under way for hotel companies with a significant presence in the U.S.

Cameron Sperance | 2 years ago

U.S. Hotel Companies Largely Rebound to Profitability