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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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IAC Invests $1 Billion for 12% Stake in MGM Resorts International

IAC Invests $1 Billion for 12% Stake in MGM Resorts International

🕔Aug 13, 2020

IAC has announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International for an aggregate of approximately $1 billion.

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Superhost Relief Fund Provided Grants to 8,700 Homes and Experience Hosts

Superhost Relief Fund Provided Grants to 8,700 Homes and Experience Hosts

🕔Jun 23, 2020

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CityHub signs financial partnership with NIBC and ABN AMRO

CityHub signs financial partnership with NIBC and ABN AMRO

🕔Jun 16, 2020

As the travel industry faces some of the most important challenges in its history, CityHub (the hotel/hostel hybrid brand), has announced its financial collaboration with Dutch banks NIBC and ABN AMRO to kickstart its international expansion. The new funds will support and accelerate CityHub development plan, to grow its portfolio to ten locations.

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Radisson expects cash injection

Radisson expects cash injection

🕔Jun 9, 2020

Radisson expects to receive from its current shareholder, Aplite Holdings AB, an additional cash injection up to €100m in the form of a subordinated shareholder funding to cover the cash needs required for the ongoing operations during the COVID-19 crisis.

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Royal Caribbean Announces Proposed Offerings Of Senior Guaranteed Notes And Senior Convertible Notes

Royal Caribbean Announces Proposed Offerings Of Senior Guaranteed Notes And Senior Convertible Notes

🕔Jun 4, 2020

Royal Caribbean Cruises has announced that it has commenced a private offering of senior guaranteed notes to be issued by the company due 2023 for an aggregate principal amount of up to $1.0 billion and a concurrent private offering of senior convertible notes to be issued by the Company due 2023 for an aggregate principal amount of up to $1.0 billion.

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Sands China prices $1.5 Billion of Senior Unsecured Notes

Sands China prices $1.5 Billion of Senior Unsecured Notes

🕔Jun 3, 2020

Las Vegas Sands Corp has announced that its majority owned subsidiary, Sands China, has priced $800 million of 3.800% senior notes due 2026 and $700 million of 4.375% senior notes due 2030.

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Statement on Marriott International COVID-19 Update to Associates

Statement on Marriott International COVID-19 Update to Associates

🕔Jun 1, 2020

The COVID-19 pandemic is having a more severe and sustained financial impact on Marriott business than 9/11 and the 2008 financial crisis, combined. From the first warning signs of this unprecedented event, the company took a number of steps to adapt and strengthen its business including reducing costs significantly and improving its liquidity.

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$7.4 Million Awarded in Relief Grants to Airbnb Superhosts

$7.4 Million Awarded in Relief Grants to Airbnb Superhosts

🕔May 28, 2020

On March 30th, Airbnb announced the Superhost Relief Fund to provide grants to tenured hosts who are facing financial challenges because of travel disruption and other impacts of the global COVID-19 crisis. Today, Airbnb is providing an update to let the community know that they have awarded $7.4 million in grants to over 4,000 hosts around the world. Airbnb continues to send out invitations and review applications in order to distribute the remaining $9.6 million in the Fund.

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North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville

North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville

🕔May 9, 2016

Nashville is about to gain 468 hotel rooms next to the Music City Center convention facility now that financing is set and construction nears on the first Marriott tri-branded property in the U.S.

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RLJ Lodging Trust strengthens balance sheet by refinancing over $1.0 Billion of debt

RLJ Lodging Trust strengthens balance sheet by refinancing over $1.0 Billion of debt

🕔Apr 29, 2016

RLJ Lodging Trust has recently announced that it successfully refinanced over $1.0 billion of debt consisting of a $400.0 million unsecured term loan, a $400.0 million revolving credit facility, $148.5 million in secured loans provided by Wells Fargo Bank, N.A., and an $85.0 million secured loan provided by PNC Bank, N.A.

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MGM Resorts International announces pricing of IPO by MGM Growth Properties LLC

MGM Resorts International announces pricing of IPO by MGM Growth Properties LLC

🕔Apr 20, 2016

MGM Resorts International today announced the pricing of the initial public offering of 50,000,000 Class A common shares representing limited liability company interests by its subsidiary MGM Growth Properties LLC (MGP) at a public offering price of $21.00 per share for gross proceeds of $1.05 billion.

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