hotel

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Euro Hotels Hot After Blackstone Deal

Stocks soar on speculation of more private equity buyouts

(Newser) - Investors are snapping up shares of some Europe's biggest hotel chains, the Financial Times reports, as the market bets that more private equity firms will tuck into new cross-Atlantic deals. They're inspired by Blackstone's $26 billion Hilton offer, and a banner year for hotel buyouts more generally.

Blackstone Books Hilton For $26B
Blackstone Books Hilton For $26B

Blackstone Books Hilton For $26B

Offer represents 40% premium; chain to stick to hotel management

(Newser) - Blackstone moved to expand its hotel portfolio in a big way late today, making a deal to take Hilton private for $26 billion, including $7.5 billion in debt. The $47.50 per share offer, 40% more than yesterday's close, turned the head of the chain's CEO, who called it...

Hotels Go Budget Boutique
Hotels Go Budget Boutique

Hotels Go Budget Boutique

(Newser) - A new hotel hybrid, offering boutique aesthetics at budget chain prices, is poised to open across the nation this spring. The hotels trade on the hip design and high-tech amenities popularized by boutique hotels, but at less than $150 a night. The concession will be in location—most are planned...

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