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Corporate Finance News

Whitbread presents First Quarter Trading Update for 2021

Whitbread presents First Quarter Trading Update for 2021

🕔Jun 17, 2021

Whitbread PLC has noticed continued market outperformance in the UK with a strong leisure demand post 17 May.

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Choice Hotels Provides Performance Updates at 2021 Goldman Sachs Travel and Leisure Conference

Choice Hotels Provides Performance Updates at 2021 Goldman Sachs Travel and Leisure Conference

🕔Jun 16, 2021

During the Goldman Sachs Travel and Leisure Conference, Patrick Pacious, president and chief executive officer of Choice Hotels International, presented the Performance Updates of 2021.

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Choice Hotels International Reports 2021 First Quarter Results

Choice Hotels International Reports 2021 First Quarter Results

🕔May 12, 2021

Choice Hotels International reported its results for the three months ended March 31, 2021.

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Extended Stay America Announces First Quarter 2021 Results

Extended Stay America Announces First Quarter 2021 Results

🕔May 12, 2021

Extended Stay America, Inc. and ESH Hospitality, Inc. announced consolidated results for the three months ended March 31, 2021.

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Marriott International Reports First Quarter 2021 Results

Marriott International Reports First Quarter 2021 Results

🕔May 11, 2021

Marriott International, Inc. reported first quarter 2021 results, which were materially impacted by the COVID-19 global pandemic and efforts to contain it.

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Hilton Reports First Quarter Results

Hilton Reports First Quarter Results

🕔May 5, 2021

Hilton Worldwide Holdings Inc. reported its first quarter 2021 results.

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Hyatt Reports First-Quarter 2021 Results

Hyatt Reports First-Quarter 2021 Results

🕔May 5, 2021

Hyatt Hotels Corporation reported first-quarter 2021 financial results.

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Hilton Grand Vacations Reports First Quarter 2021 Results

Hilton Grand Vacations Reports First Quarter 2021 Results

🕔May 3, 2021

Hilton Grand Vacations Inc. reports its first quarter 2021 results.

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Wyndham Hotels & Resorts Reports First Quarter 2021 Results

Wyndham Hotels & Resorts Reports First Quarter 2021 Results

🕔May 3, 2021

Wyndham Hotels & Resorts announced results for the three months ended March 31, 2021.

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 Caesars Entertainment to invest USD400 million into its Atlantic City Resorts by 2023

Caesars Entertainment to invest USD400 million into its Atlantic City Resorts by 2023

🕔Apr 23, 2021

Master plan includes remodeled room towers, new restaurants and amenities, and a focus on revitalizing the Company flagship casino-hotel, Caesars Atlantic City, on the world-famous Atlantic City Boardwalk First phase of USD170 million in guestroom and suite upgrades at Harrahs Resort Atlantic City and Caesars Atlantic City will debut Summer 2021

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Accor first quarter 2021 revenue down by 53%

Accor first quarter 2021 revenue down by 53%

🕔Apr 22, 2021

Accor announced its first quarter financial results, in which consolidated first-quarter 2021 revenue totaled €361 million, down 53% as reported and 48% like-for-like versus first quarter in 2020

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Marriott Vacations Worldwide Completes Acquisition Of Welk Resorts

Marriott Vacations Worldwide Completes Acquisition Of Welk Resorts

🕔Apr 5, 2021

Marriott Vacations Worldwide announced that it has completed the previously announced acquisition of Welk Resorts, one of the largest independent timeshare companies in North America, for $485 million, including approximately 1.4 million MVW common shares of stock.

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Huazhu Group Limited Reports Fourth Quarter and Full Year 2020 Financial Results

Huazhu Group Limited Reports Fourth Quarter and Full Year 2020 Financial Results

🕔Mar 25, 2021

Huazhu Group Limited, a world-leading hotel group, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.

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The Kessler Collection Partners With BitPay in an Historic Move To Accept Bitcoin Payments From Guests

The Kessler Collection Partners With BitPay in an Historic Move To Accept Bitcoin Payments From Guests

🕔Mar 15, 2021

The Kessler Collection is making history as the first U.S. luxury hotel group to accept cryptocurrency as a form of payment, and the first in the world to partner with BitPay, the worlds largest provider of Bitcoin and cryptocurrency payment services.

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Blackstone and Starwood Capital to acquire Extended Stay America

Blackstone and Starwood Capital to acquire Extended Stay America

🕔Mar 15, 2021

Extended Stay America, Inc. (“ESA”) and its paired-share REIT, ESH Hospitality, Inc. (“ESH”) (NASDAQ: STAY) announced today that it has signed a definitive agreement to be acquired by a 50/50 joint venture between funds managed by Blackstone Real Estate Partners (“Blackstone”) and Starwood Capital Group (“Starwood Capital”) for $19.50 per paired share in an all-cash transaction valued at approximately $6 billion.

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Extended Stay America announces fourth quarter and full year 2020 results

Extended Stay America announces fourth quarter and full year 2020 results

🕔Mar 2, 2021

Extended Stay America, Inc. (“ESA”) and ESH Hospitality, Inc. (NASDAQ:STAY) today announced consolidated results for the three months and full year ended December 31, 2020.

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Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2020 Results

Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2020 Results

🕔Feb 25, 2021

Hersha Hospitality Trust, owner of high-quality hotels in urban gateway markets and regional resort destinations, announced results for the full year and fourth quarter ended December 31, 2020.

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NH Hotel Group extends maturity on 236 million credit until March 2023

NH Hotel Group extends maturity on 236 million credit until March 2023

🕔Oct 29, 2020

NH Hotel Group has agreed the extension of its 236 million Syndicated Revolving Credit Facility from September 2021 until March 2023 with all the lenders.

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Casai Raises $48 Million to Build a New Kind of Hospitality Brand

Casai Raises $48 Million to Build a New Kind of Hospitality Brand

🕔Oct 16, 2020

Casai, an emerging markets hospitality brand that offers living spaces suited for the nomadic generation, has announced a $48 million Series A including $23 million in equity funding and up to $25 million in debt financing from TriplePoint Capital.

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Swiss-Belhotel International Announces Group Restructuring

Swiss-Belhotel International Announces Group Restructuring

🕔Aug 18, 2020

Swiss-Belhotel International continues to expand its management in response to the market and the impact of Covid-19

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