Whitbread presents First Quarter Trading Update for 2021
Whitbread PLC has noticed continued market outperformance in the UK with a strong leisure demand post 17 May.
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Corporate Finance News
Choice Hotels Provides Performance Updates at 2021 Goldman Sachs Travel and Leisure Conference
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.
Choice Hotels International Reports 2021 First Quarter Results
Choice Hotels International reported its results for the three months ended March 31, 2021.
Extended Stay America Announces First Quarter 2021 Results
Extended Stay America, Inc. and ESH Hospitality, Inc. announced consolidated results for the three months ended March 31, 2021.
Marriott International Reports First Quarter 2021 Results
Marriott International, Inc. reported first quarter 2021 results, which were materially impacted by the COVID-19 global pandemic and efforts to contain it.
Hilton Reports First Quarter Results
Hilton Worldwide Holdings Inc. reported its first quarter 2021 results.
Hyatt Reports First-Quarter 2021 Results
Hyatt Hotels Corporation reported first-quarter 2021 financial results.
Hilton Grand Vacations Reports First Quarter 2021 Results
Hilton Grand Vacations Inc. reports its first quarter 2021 results.
Wyndham Hotels & Resorts Reports First Quarter 2021 Results
Wyndham Hotels & Resorts announced results for the three months ended March 31, 2021.
Caesars Entertainment to invest USD400 million into its Atlantic City Resorts by 2023
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
Accor first quarter 2021 revenue down by 53%
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
Marriott Vacations Worldwide Completes Acquisition Of Welk Resorts
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.
Huazhu Group Limited Reports Fourth Quarter and Full Year 2020 Financial Results
Huazhu Group Limited, a world-leading hotel group, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
The Kessler Collection Partners With BitPay in an Historic Move To Accept Bitcoin Payments From Guests
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.
Blackstone and Starwood Capital to acquire Extended Stay America
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.
Extended Stay America announces fourth quarter and full year 2020 results
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.
Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2020 Results
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.
NH Hotel Group extends maturity on 236 million credit until March 2023
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.
Casai Raises $48 Million to Build a New Kind of Hospitality Brand
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.
Swiss-Belhotel International Announces Group Restructuring
Swiss-Belhotel International continues to expand its management in response to the market and the impact of Covid-19
