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Pebblebrook, LaSalle agree to merge as Blackstone bows out
LaSalle Hotel Properties (NYSE: LHO) and Pebblebrook Hotel Trust (NYSE: PEB) have agreed to a $5.2 billion merger after former LaSalle suitor Blackstone Group bowed out of a potential bidding war Thursday. It was quick, considering how long it t.....»»
Stocks slide as AT&T, Discovery agree to combine media assets
U.S. equity markets were lower as traders digested the AT&T-Discovery mega-merger......»»
AT&T, Discovery agree to merger of CNN, other media assets
AT&T Inc. has agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant behemoth to compete with Walt Disney Co.'s Disney+ and Netflix......»»
Orocobre, Galaxy Resources agree to proposed A$4B merger of equals
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
New boutique hotel opens in Lake Forest for the first time in over 90 years
The Forester Hotel opened in Lake Forest, the first such lodging to open in over 90 years.The Forester Hotel opened in Lake Forest, the first such lodging to open in over 90 years......»»
Blackstone, Starwood Capital team up in $6B purchase of hotel-operator Extended Stay
The lodging sector has been one of the hardest hit during the pandemic, which caused most tourism, conventions, and business travel to dry up......»»
ATI Physical Therapy, based in Bolingbrook, to go public with $2.5 billion value
Bolingbrook-based ATI Physical Therapy, which has 900 clinics across 25 states, announced a merger agree.....»»
Bolingbrook-based ATI Physical Therapy to go public with $2.5 billion value
Bolingbrook-based ATI Physical Therapy, which has 900 clinics across 25 states, announced a merger agree.....»»
Report: Leisure travel will begin to rebound in 2021, but half of U.S. hotel rooms will remain empty
According to a recent report by American Hotel & Lodging Association, 56% of Americans are planning a leisure trip this year, but business and group travel will be slower to return......»»
Jeff Wagoner joins American Hotel & Lodging Association’s board of directors
Jeff Wagoner, the president and CEO of Outrigger Hospitality Group, joins other industry leaders from throughout the country as a member of the board......»»
The Wall Street Journal: Huntington Bankshares, TCF Finanancial agree to merger
Huntington Bancshares Inc. agreed to merge with TCF Financial Corp. in the latest in a recent string of regional-bank tie-ups......»»
Worst-performing S&P 500 sector this month is no-touch right now, traders agree
The S&P 500 has come under pressure this month, and it's been even worse for one of its sectors: REITS. Two traders say it could get worse......»»
BT scraps dividend, invests in fibre as rivals agree merger
Britain's biggest telecoms group BT suspended its dividend and said it would spend billions more on faster fibre broadband connections, on the day two of its major competitors announced plans to merge......»»
Liberty Global, Telefonica agree $38 billion merger of UK businesses
The British businesses of Liberty Global Plc and Telefonica SA will merge to create a major new player in UK mobile and broadband communications in a deal valued at around 31 billion pounds ($38 billion) including debt......»»
The Los Angeles market continue to lead the U.S. hotel construction pipeline at the close of the first quarter of 2020
Analysts at Lodging Econometrics (LE) report that at the close of the first quarter of 2020*, the top five U.S. markets with the larges.....»»
Sabre, Farelogix agree to terminate merger agreement
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
The U.S. Hotel Construction pipeline continued to expand year-over-year despite COVID-19 in the first quarter of 2020
At the end of the first quarter of 2020, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline continued to expand year-ov.....»»
TBJ Plus: Who"s really getting PPP?; Q1 was rough, Q2 will be much worse; Tarboro"s NFL star steps up
HOTELS NEED HIGHER PPP LOANS TO KEEP JOBS: As funds for the Paycheck Protection Program fly out the door in round 2 of the relief process, the nation's hotels are raising a red flag. A report from the American Hotel and Lodging Association says lim.....»»
Hotel Industry Seeks Further Congress Aid As Revenues Expected To Slump
American Hotel & Lodging Association, in a letter, requested U.S. lawmakers to raise the borrowing threshold for hotels in the Paycheck Protection Program. read more.....»»
Market Extra: Property bonds trading on Wall Street point to grim outlook for embattled hotel chains
Mortgage bond trading on Wall Street isn’t an exact science, but the price levels that sparked several parcels of hotel-chain property debt to trade on Thursday paint a grim picture for the lodging......»»