Trusted Insighthttp://thetrustedinsight.com/2017-05-31T14:49:43.750299-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Ascott REIT Completes Third NYC Acquisition
2017-05-31T14:49:43.750299-04:00https://www.thetrustedinsight.com/investment-news/ascott-reit-completes-third-nyc-acquisition-20170531003/
Ascott Residence Trust purchased a 224 room hotel near New York’s Times Square in the Singapore-listed REIT’s third New York hospitality acquisition in under two years, according to an announcement today by Ascott Residence Trust Management (ARTML). Ascott REIT is buying the DoubleTree by Hilton Hotel New York, Times Square South for $106 million from a subsidiary of Rhode Island-based hotel investment and management firm Magna Hospitality Group.
Realty Groups Compete For Hotel Projects
2017-05-03T16:21:06.442230-04:00https://www.thetrustedinsight.com/investment-news/realty-groups-compete-for-hotel-projects-20170503132/
NEW WINDSOR — A group that filed an Article 78 lawsuit against the town’s Zoning Board after variances were granted to a hotel project on Union Avenue has filed its own plans to build a hotel on a neighboring site.Windsor Hospitality owner Chet Kanti originally submitted an application with the Town Planning Board in July 2015 to add two hotels to a 6.8-acre site that houses a Days Inn hotel at 915 Union Ave.The project required five zoning variances, which [...]
CHAMP Private Equity Tables Formal Offer For Dixon Hospitality
2017-05-02T17:18:15.250416-04:00https://www.thetrustedinsight.com/investment-news/champ-private-equity-tables-formal-offer-for-dixon-hospitality-20170502092/
CHAMP Private Equity is in talks to buy Dixon Hospitality Group, sources told Street Talk on Tuesday. The John Haddock-led firm is understood to be pushing ahead of rival KKR & Co, which approached the pubs group last week.
$450M Series F Closed By Hospitality Service Startup
2017-03-09T15:59:34.263145-05:00https://www.thetrustedinsight.com/investment-news/450m-series-f-closed-by-hospitality-service-startup-20170309320/
Airbnb has closed on a more than $1 billion round of funding, a source close to the company told CNBC. The round was confirmed in an SEC filing that dropped on Thursday. It is now worth approximately $31 billion. The company raised roughly an additional $450 million as part of its Series F round, making the round nearly twice as much as it stood last fall. The total amount raised was $1,003,312,065, according to the filing.
Hotel Industry Expects Big Deals Including Distress Sales In 2017
2017-02-07T18:10:10.666363-05:00https://www.thetrustedinsight.com/investment-news/hotel-industry-expects-big-deals-including-distress-sales-in-2017-20170207255/
Louvre Hotels Group, the second largest in the hospitality industry in Europe, bought a majority stake in Sarovar Hotels in India this January, beating Wyndham Hotel Group in the race.
Gencom Sells Ritz-Carlton Coconut Grove For $25M To Hotel REIT
2017-02-06T18:17:45.613486-05:00https://www.thetrustedinsight.com/investment-news/gencom-sells-ritz-carlton-coconut-grove-for-25m-to-hotel-reit-20170206204/
Gencom has sold the Ritz-Carlton Coconut Grove for $24.63 million, or about $214,000 per room, to Hersha Hospitality Trust. Records show Gencom affiliate Genmag Coconut Grove LLC sold the 115-room hotel, excluding the condo-hotel residences, to HHLP Coconut Grove RC Associates LLC.
The Capital Hotel Sold To American Hospitality Group
2017-02-02T13:05:09.347218-05:00https://www.thetrustedinsight.com/investment-news/the-capital-hotel-sold-to-american-hospitality-group-20170202100/
The two properties in The Capital Hotel Group have been sold to American firm Warwick Hotels & Resorts for an undisclosed sum.
Verizon Pays $29.5M For Dolce Basking Ridge Hotel
2017-01-23T16:50:09.999154-05:00https://www.thetrustedinsight.com/investment-news/verizon-pays-295m-for-dolce-basking-ridge-hotel-20170123727/
Verizon Communications, Inc. acquired the 171-room Dolce Basking Ridge hotel at 300 N. Maple Ave. in Basking Ridge, NJ for $29.5 million, or about $173,000 per room, from Broadreach Capital Partners. The hospitality building was delivered in 1995.
Hotel REIT ARC Hospitality To Raise Up To $400M From Brookfield
2017-01-17T16:48:17.100211-05:00https://www.thetrustedinsight.com/investment-news/hotel-reit-arc-hospitality-to-raise-up-to-400m-from-brookfield-20170117466/
U.S. real estate investment trust (REIT) American Realty Capital Hospitality Trust (ARC Hospitality) has agreed to an investment of up to US$400 million from a real estate private equity fund managed by Brookfield Asset Management.
Calera Capital Buys Majority Stake In Carnegie Fabrics
2017-01-10T14:34:19.514084-05:00https://www.thetrustedinsight.com/investment-news/calera-capital-buys-majority-stake-in-carnegie-fabrics-20170110270/
Calera Capital has acquired a majority stake in Carnegie Fabrics, a provider of sustainable textiles and wall-coverings for the corporate, healthcare, hospitality and education building sectors. No financial terms were disclosed. As a result of the transaction, Cliff Goldman, president of Carnegie Fabrics, will retain a “significant” stake in the company.
Atlanta Residential Community Trades For $75M
2016-11-30T17:35:07.812043-05:00https://www.thetrustedinsight.com/investment-news/atlanta-residential-community-trades-for-75m-20161130891/
RP, a real estate investment management company focusing on multifamily, office and hospitality properties, has acquired Savannah at Park Place in Atlanta for the price tag of $74.5 million, the company announced recently.
Woodridge, Colony Capital Sells Ritz-Carlton, Kapalua
2016-11-21T12:00:42.564932-05:00https://www.thetrustedinsight.com/investment-news/woodridge-colony-capital-sells-ritz-carlton-kapalua-20161121518/
A new joint venture among funds managed by the real estate group of Ares Management, L.P. (NYSE:ARES), SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC and Wafra Investment Advisory Group) and Trinity Investments, LLC today announced the acquisition of The Ritz-Carlton, Kapalua in Maui, Hawaii. The resort was acquired from a partnership between Woodridge Capital Partners, LLC and Colony Capital Inc.
Warburg Pincus, VinaCapital Form $300M Hospitality JV, Targets SE Asia
2016-11-17T11:27:32.661638-05:00https://www.thetrustedinsight.com/investment-news/warburg-pincus-vinacapital-form-300m-hospitality-jv-targets-se-asia-20161117414/
Global private equity investment firm Warburg Pincus has teamed up with Vietnam-based major asset management company <a href="http://www.dealstreetasia.com/tag/vinacapital/">VinaCapital</a> to form a hospitality joint venture spanning development, acquisitions and operations across Southeast Asia, the companies said in a joint statement on November 17.
Hospitality Hiring Platform Industry Raises $2.3M To Expand Nationwide
2016-10-25T14:39:54.542968-04:00https://www.thetrustedinsight.com/investment-news/hospitality-hiring-platform-industry-raises-23m-to-expand-nationwide-20161025207/
Industry, a job site for the hospitality sector, has raised $2.3 million in seed funding to fuel nationwide expansion, as well as product and team growth.
Social Tables Raises A $13M Series B
2016-10-05T15:20:57.976484-04:00https://www.thetrustedinsight.com/investment-news/social-tables-raises-a-13m-series-b-20161005210/
Social Tables, a provider of event solutions to hospitality and meeting professionals, has raised $13 million in Series B funding. QuestMark Partners led the round with participation from Bessemer Venture Partners, Thayer Capital, Fortify Ventures and Middleland Capital.
Airbnb Is No Threat To LA Hotel Market
2016-09-28T11:40:10.900042-04:00https://www.thetrustedinsight.com/investment-news/airbnb-is-no-threat-to-la-hotel-market-20160928831/
Despite forecasts that Airbnb will hinder the hospitality industry, hotels are actually flourishing in Los Angeles, according to a recent Moody’s report.
Steadfast Capital, Marker LLC Lead $5M Funding In Sourcery, A Commerce and Payments Platform
2016-09-13T12:31:29.386286-04:00https://www.thetrustedinsight.com/investment-news/steadfast-capital-marker-llc-lead-5m-funding-in-sourcery-a-commerce-and-payments-platform-20160913034/
Led by Marker LLC with Steadfast Capital and existing investors, the new funding will be used to expand the company's core digital invoice and payments processing technologies, adding accounts receivable capabilities for vendors who receive payments through the platform.
What China's US Buying Spree Means For The Future Of Hospitality
2016-08-17T15:25:07.047189-04:00https://www.thetrustedinsight.com/investment-news/what-chinas-us-buying-spree-means-for-the-future-of-hospitality-20160817864/
The Chinese are on a US buying spree like no other.
Z Capital Hires Maddock As MD And Operating Partner
2016-08-15T17:28:38.729593-04:00https://www.thetrustedinsight.com/investment-news/z-capital-hires-maddock-as-md-and-operating-partner-20160815673/
Z Capital Group LLC has appointed Sean Maddock as a managing director and operating partner. Previously, Maddock worked at Evolution Hospitality where he served as the regional director of operations.
Qatari Investment Firm Buys NYC Garment District Hotel For $167M
2016-07-28T15:10:08.961523-04:00https://www.thetrustedinsight.com/investment-news/qatari-investment-firm-buys-nyc-garment-district-hotel-for-167m-20160728732/
The hospitality arm of Qatar’s Alduwaliya Asset Management picked up a Garment District hotel for $167 million from a group of owners led by Rockwood Capital.
Vietnam M&A Real Estate Deals On The Rise
2016-07-20T10:05:07.793406-04:00https://www.thetrustedinsight.com/investment-news/vietnam-ma-real-estate-deals-on-the-rise-20160720234/
Mergers and acquisitions have picked up significantly in commercial and hospitality segments in line with the overall trend of market recovery.
India: Developers, Private Equity Funds Set Sights On Hospitality Sector
2016-07-19T11:46:34.740332-04:00https://www.thetrustedinsight.com/investment-news/india-developers-private-equity-funds-set-sights-on-hospitality-sector-20160719186/
<span style="line-height: 20.8px; text-align: justify;">Property developers and private equity (PE) funds are slowly returning to the hospitality sector, years after they left it to concentrate on their core business.</span>
Leonardo Worldwide Introduces Program For Travel Technology Startups
2016-07-12T10:53:47.326417-04:00https://www.thetrustedinsight.com/investment-news/leonardo-worldwide-introduces-program-for-travel-technology-startups-20160712811/
<span style="line-height: 20.8px;">Leonardo Worldwide</span><span style="line-height: 20.8px;">, a technology company serving the global hospitality industry, has launched a new program designed to facilitate and accelerate new travel technology companies focused on the accommodation market.</span>
BevSpot Raises $11M In Series B Funding Led By Bain Capital Ventures
2016-07-07T13:40:17.237583-04:00https://www.thetrustedinsight.com/investment-news/bevspot-raises-11m-in-series-b-funding-led-by-bain-capital-ventures-20160707637/
BevSpot, the web-based software platform that streamlines beverage management for the hospitality industry, announced today that it closed an $11 million Series B funding round, led by existing investor Bain Capital Ventures, with participation from other inside investors and new investors.
Weisman Puts $1.5B Offer On The Table For Hotel Assets
2016-06-30T13:15:24.495909-04:00https://www.thetrustedinsight.com/investment-news/weisman-puts-15b-offer-on-the-table-for-hotel-assets-20160630355/
Ashford Hospitality Prime Inc. sent a letter saying basically, “let’s make a deal’ to Lyle Weisman, manager of the Weisman Group. Earlier this month, The Weisman Group, an investment firm based in Sherman Oaks, CA, made an unsolicited offer to acquire all of the property assets of the Dallas-based hotel REIT.
PNC Riverarch Capital Buys Steelite International
2016-06-28T15:41:12.417720-04:00https://www.thetrustedinsight.com/investment-news/pnc-riverarch-capital-buys-steelite-international-20160628216/
PNC Riverarch Capital has acquired UK-based Steelite International, a maker of tabletop products for the hospitality industry.
Condor Hospitality Trust Announces Sale Of Four Non-Core Hotels
2016-06-01T13:00:14.522763-04:00https://www.thetrustedinsight.com/investment-news/condor-hospitality-trust-announces-sale-of-four-non-core-hotels-20160601651/
Condor Hospitality Trust, Inc. (NASDAQ: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and�incorporated in the state of Maryland, today announced the closings on the sale of an additional 4 legacy hotels.
Investors Keep Pouring Money Into Vietnamese Resort Properties
2016-05-26T12:40:10.141796-04:00https://www.thetrustedinsight.com/investment-news/investors-keep-pouring-money-into-vietnamese-resort-properties-20160526356/
VietNamNet Bridge - The resort real estate market has heated up, with many projects up for sale and trillions of dong invested.
Cendyn Raises Growth Equity From Accel-KKR
2016-05-24T10:44:13.942077-04:00https://www.thetrustedinsight.com/investment-news/cendyn-raises-growth-equity-from-accel-kkr-20160524145/
Leader in software solutions for driving sales and marketing performance in the travel and hospitality industry, has received a growth equity investment from Accel-KKR.
Brookfield Leads Convene's Series B Extension, Completing A $35M Total Financing Round
2016-05-20T11:40:05.856421-04:00https://www.thetrustedinsight.com/investment-news/brookfield-leads-convenes-series-b-extension-completing-a-35m-total-financing-round-20160520944/
<span style="line-height: 20.8px;">Convene, the leader in workplace hospitality and the nation's fastest growing network of meeting, conference, and event spaces, announced that the company has raised an additional $20M in a Series B extension. </span>
Cindat Finances Hotel Portfolio Buy With $335M In Loans
2016-05-03T10:45:07.875159-04:00https://www.thetrustedinsight.com/investment-news/cindat-finances-hotel-portfolio-buy-with-335m-in-loans-20160503654/
Chinese investment firm Cindat Capital Management financed its $571 million purchase of a majority stake in seven Manhattan hotels with $335 million in loans from Natixis Real Estate Capital and Oaktree Capital Management.
Noble Investment Group Contracts To Buy 5 Hotels For $142M
2016-04-25T11:29:59.969135-04:00https://www.thetrustedinsight.com/investment-news/noble-investment-group-contracts-to-buy-5-hotels-for-142m-20160425185/
<span style="line-height: 20.8px; text-align: right;">Ashford Hospitality Trust Inc. agreed to sell a five-hotel, 1,396-room portfolio of select-service hotels for $142 million, or about $102,000 per room, to Atlanta-based Noble Investment Group. The transaction is scheduled to close in the second quarter, subject to certain closing conditions.</span>
Hospitality Offers Tsogo REIT Benefit
2016-04-20T09:03:02.576300-04:00https://www.thetrustedinsight.com/investment-news/hospitality-offers-tsogo-reit-benefit-20160420075/
Tsogo Sun set to gain income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund
JRK Property Holdings Hires 28 Year Hospitality Veteran To Run Hotel Division
2016-04-13T10:32:52.196442-04:00https://www.thetrustedinsight.com/investment-news/jrk-property-holdings-hires-28-year-hospitality-veteran-to-run-hotel-division-20160413848/
JRK Property Holdings, Inc., a Los Angeles-based real estate investment firm, is pleased to announce the appointment of Matt Greene as President of JRK Hotel Group, Inc. As President of JRK Hotel Group, Greene will oversee the day-to-day operations and management of all strategic and tactical aspects of JRK’s hotel portfolio.
Marriott CEO Says Would Have Loved To Have Won Starwood For Less
2016-04-04T11:13:20.291544-04:00https://www.thetrustedinsight.com/investment-news/marriott-ceo-says-would-have-loved-to-have-won-starwood-for-less-20160404570/
Marriott International Inc Chief Executive Arne Sorenson said the hotel group would have loved to have agreed on a lower price for Starwood Hotel & Resorts Worldwide Inc.
China's Anbang Drops $14B Bid For Starwood Hotels
2016-04-01T10:17:44.419061-04:00https://www.thetrustedinsight.com/investment-news/chinas-anbang-drops-14b-bid-for-starwood-hotels-20160401524/
Anbang Insurance Group Co. walked away from its $14 billion bid to buy Starwood Hotels & Resorts Worldwide Inc., a surprise move that caps off a three-week bidding war with Marriott International Inc. and could put a dent in a recent surge in overseas deal-making by Chinese companies.
Sun Group’s Resort Property Attracts Foreign Investors
2016-03-30T10:37:23.939123-04:00https://www.thetrustedinsight.com/investment-news/sun-groups-resort-property-attracts-foreign-investors-20160330409/
Mr. Troy Griffiths, Deputy Managing Director of Savills Vietnam, said Sun Group’s hospitality real estate products had four main advantages that placed them in the lead in Vietnam.
Starwood Accepts $13.6B Takeover Bid
2016-03-22T15:54:45.834144-04:00https://www.thetrustedinsight.com/investment-news/starwood-accepts-136b-takeover-bid-20160322036/
The hospitality giant accepted a new, juiced-up takeover offer from Marriott International, totaling about $13.6 billion, the Wall Street Journal reported.
China's Anbang In $6.5B US Hotel Deal
2016-03-19T19:30:15.134011-04:00https://www.thetrustedinsight.com/investment-news/chinas-anbang-in-65b-us-hotel-deal-20160319870/
Chinese insurer Anbang agrees to buy a US luxury hotel collection from private equity giant Blackstone for a reported $6.5bn.
Stoneleigh Posed To Takeover Maritime Building Hotel From Dermot
2016-03-18T10:12:34.121422-04:00https://www.thetrustedinsight.com/investment-news/stoneleigh-posed-to-takeover-maritime-building-hotel-from-dermot-20160318753/
Unable to come up with the capital to finance construction, the Dermot Company is no longer redeveloping the landmarked Battery Maritime Building in Lower Manhattan. Instead, private equity firm Stoneleigh Capital appears poised to helm the project.
Primavera And JC Flowers' $13B Counter Bid Threatens Marriott Takeover Of Starwood
2016-03-17T12:09:56.599391-04:00https://www.thetrustedinsight.com/investment-news/primavera-and-jc-flowers-13b-counter-bid-threatens-marriott-takeover-of-starwood-20160317697/
The group includes PE firms Primavera Capital Group of China and J C Flowers & Co of US.
Hotels Up For Grabs As Buyout Firms Seek Bargains
2016-03-11T10:00:17.417177-05:00https://www.thetrustedinsight.com/investment-news/hotels-up-for-grabs-as-buyout-firms-seek-bargains-20160311359/
Buyout firms hunt for bargains following the slump in US lodging stocks.
UK Would Be Less Attractive To Property Investor If It Left The EU, New Poll Suggests
2016-03-10T16:30:24.051474-05:00https://www.thetrustedinsight.com/investment-news/uk-would-be-less-attractive-to-property-investor-if-it-left-the-eu-new-poll-suggests-20160310346/
Property investors have warned that the UK would be a less attractive place to invest were it to leave the European Union, according to findings of a new survey.
Private Equity Firms Checking Out Of Hotels
2016-03-08T15:30:16.275717-05:00https://www.thetrustedinsight.com/investment-news/private-equity-firms-checking-out-of-hotels-20160308185/
Kotak Realty exits from Lemon Tree Hotels while Bessemer Venture and New Vernon await their stake sale from Sarovar Hotels Private equity players are making the best of the market opportunity as action picks up in the Indian hospitality space.
Guestnet, Airportels And More In Today’s Travel Startup Watch
2016-03-07T11:30:22.674280-05:00https://www.thetrustedinsight.com/investment-news/guestnet-airportels-and-more-in-todays-travel-startup-watch-20160307064/
These are the newest travel startups from AngelList vying for travelers’ interest and investors’ attention.
Overnight, The App For Booking Last-Minute Spaces With Local Hosts, Closes $2.5M Seed Round
2016-03-06T16:00:18.591730-05:00https://www.thetrustedinsight.com/investment-news/overnight-the-app-for-booking-last-minute-spaces-with-local-hosts-closes-25m-seed-round-20160306048/
<span style="line-height: 20.8px;">The hospitality industry has been drastically shaken up by entrants to the space like Airbnb and Hotel Tonight. But a new startup that combines the sharing aspect of Airbnb and the last-minute booking of Hotel Tonight is looking to shake things up even more.</span>
What Does Airbnb Mean For The Future Of Traditional Hotels?
2016-03-06T13:30:19.443107-05:00https://www.thetrustedinsight.com/investment-news/what-does-airbnb-mean-for-the-future-of-traditional-hotels-20160306038/
The San Francisco-based online home-rental company is valued at $25.5 billion - more than triple Hyatt Hotels' (NYSE:H) valuation - and it's changing how people travel. "Millennials are driving [the adoption of Airbnb]," said Lizzette Casarin, marketing and project manager with HVS Consulting & Valuation.
Valuations, Exits, Fund-raising - Life In The Venture Capital Fast Lane
2016-03-05T18:00:18.368634-05:00https://www.thetrustedinsight.com/investment-news/valuations-exits-fund-raising-life-in-the-venture-capital-fast-lane-20160305016/
There is no doubt that many travel-related businesses have done well from the cash seemingly flowing like water around venture capital ecosystem.
Black Bear Diner Secured An Investment From PWP Growth Equity, Aims To Expand Business
2016-03-05T15:30:11.015476-05:00https://www.thetrustedinsight.com/investment-news/black-bear-diner-secured-an-investment-from-pwp-growth-equity-aims-to-expand-business-20160305005/
Black Bear Diner had secured an investment from private equity fund PWP Growth Equity.
Private Equity Firms Seek $500M Sale Of Minacs
2016-03-05T13:30:10.820523-05:00https://www.thetrustedinsight.com/investment-news/private-equity-firms-seek-500m-sale-of-minacs-20160305997/
Minacs Ltd., an outsourcing company with a headquarters in Farmington Hills, has been put up for sale by its private-equity owners, people with knowledge of the matter said. Asian buyout firms Capital Square Partners and CX Partners are seeking a valuation of more than $500 million for Minacs, the people said, asking not to be identified as the information is private.
SuitePad GmbH Secures EUR 3M In Growth Financing
2016-03-03T17:30:17.989414-05:00https://www.thetrustedinsight.com/investment-news/suitepad-gmbh-secures-eur-3m-in-growth-financing-20160303916/
P+P Pöllath + Partners advised SuitePad GmbH Leading investor of the new financing round is venture capital investor Target Partners, together with existing investors HW Capital, Kizoo and VC Fonds Technologie Berlin, which is managed by IBB Beteiligungsgesellschaft.
How To Make $12B Investing In Chintz: The Story Behind Blackstone's Hilton LBO Deal
2016-03-03T10:36:19.790336-05:00https://www.thetrustedinsight.com/investment-news/how-to-make-12b-investing-in-chintz-the-story-behind-blackstones-hilton-lbo-deal-20160303864/
<p style="line-height: 20.8px;">The full story of the richest LBO in history is actually a story of private equity working as advertised. By persuading its lenders to exercise forbearance, restructuring its debt before it had to, and practicing smart management, as opposed to indiscriminate cost cuts and pink slips, Blackstone made Hilton perform better than most thought possible.</p>
Naspers To Infuse $250 Mn In Ibibo Group
2016-03-01T18:00:12.782037-05:00https://www.thetrustedinsight.com/investment-news/naspers-to-infuse-250-mn-in-ibibo-group-20160301789/
Online travel venture Ibibo Group looks to raise $250 Mn from global internet & media company Naspers and China’s leading internet firm Tencent.
Private Equity Firm Buys Houston-based Melamine Serviceware Company
2016-03-01T10:30:25.619573-05:00https://www.thetrustedinsight.com/investment-news/private-equity-firm-buys-houston-based-melamine-serviceware-company-20160301736/
Private equity Olympus Partners has bitten into a plastic serviceware business and it is hungry for more plastics-related fare.
VC Experts Talk About Travel Startup And Venture Capital
2016-02-25T13:30:09.863138-05:00https://www.thetrustedinsight.com/investment-news/vc-experts-talk-about-travel-startup-and-venture-capital-20160225502/
Skift, the travel intelligence platform revealed the condition of startup and venture capital funding in travel industry in a podcast. CB Insight research director and an associate of venture capital firm were also present.
California Investment Firm Buys Key Largo Hilton From Blackstone
2016-02-25T11:41:23.241641-05:00https://www.thetrustedinsight.com/investment-news/california-investment-firm-buys-key-largo-hilton-from-blackstone-20160225487/
<p>KHP Capital Partners, a California investment manager, just bought the newly renovated Hilton Key Largo from New York’s Blackstone Group.</p>
Five Reasons Why Hackathons Don’t Foster Innovation
2016-02-18T12:00:19.294607-05:00https://www.thetrustedinsight.com/investment-news/five-reasons-why-hackathons-dont-foster-innovation-20160218179/
From national banks to hospitality mammoths, it’s no surprise that hackathons have quickly made their way from Silicon Valley into corporate boardrooms.
JetBlue Launches Venture Capital Subsidiary To Invest In Travel Startups
2016-02-13T11:00:12.479511-05:00https://www.thetrustedinsight.com/investment-news/jetblue-launches-venture-capital-subsidiary-to-invest-in-travel-startups-20160213987/
Don't expect JetBlue Technology Ventures to start throwing big bucks into travel startups. Instead, the airline is looking for some brand benefit from getting involved in the startup scene and to get access to some new technologies along the way.
Honolulu Event Invite Startup Hobnob Gets $2.25M VC Backing
2016-02-09T14:00:11.586984-05:00https://www.thetrustedinsight.com/investment-news/honolulu-event-invite-startup-hobnob-gets-225m-vc-backing-20160209761/
Honolulu-based mobile event invite business Hobnob has picked up $2.25m of seed funding from investors including Norwest Venture Partners and Aspect Ventures.
StayNTouch's Startup Story: How A Bike Ride Across Wyoming Led To $9.5M
2016-02-08T16:26:31.279745-05:00https://www.thetrustedinsight.com/investment-news/stayntouchs-startup-story-how-a-bike-ride-across-wyoming-led-to-95m-20160208720/
Bethesda, Md.-based startup StayNTouch raised an important $9.5 million Series A investment round earlier this week to effectively expand its hotel management software product suite and to reach new customers.
FCL May List Reit With Aussie Assets
2016-02-06T13:00:21.640355-05:00https://www.thetrustedinsight.com/investment-news/fcl-may-list-reit-with-aussie-assets-20160206607/
February 04, 2016 5:00 AMProperty firm Frasers Centrepoint (FCL) is exploring the possible listing of a real estate investment trust (Reit) on the Singapore Exchange with its assets, which include Australian industrial assets.
Christian Claussen: Breaking New Ground With Modern Corporate Venture Capital Strategies
2016-02-05T13:07:44.180443-05:00https://www.thetrustedinsight.com/investment-news/christian-claussen-breaking-new-ground-with-modern-corporate-venture-capital-strategies-20160205562/
Back in 1992 Siemens’ top management received a delegation from US-VC Kleiner Perkins seeking to unload a 30% stake in recently publicly listed Cisco Systems then trading at a market cap of well under $400m.
Hersha Hospitality Sells 7 Manhattan Hotels For $571.4M
2016-02-05T12:29:07.724676-05:00https://www.thetrustedinsight.com/investment-news/hersha-hospitality-sells-7-manhattan-hotels-for-5714m-20160205557/
Hersha Hospitality Trust announced it will sell seven limited-service hotels totaling 1,087 rooms to a joint venture established with Chinese investment company Cindat Capital Management Ltd. for $571.4 million, or $526,000 per key.
Big Fish Ventures Is Looking To Raise $25M From PE Firms By March
2016-02-02T11:01:02.941875-05:00https://www.thetrustedinsight.com/investment-news/big-fish-ventures-is-looking-to-raise-25m-from-pe-firms-by-march-20160202342/
<span style="line-height: 18.9091px;">Singhal said that they are discussing the fundraise with private equity firms that have previously invested in quick service restaurants such as Beer Cafe. Singhal declined to name the private equity firms Big Fish is talking with, or the amount he has invested in the venture. Beer Cafe’s investors include </span><strong style="line-height: 18.9091px;"><span style="color: rgb(0, 0, 128);">Mayfield Fund</span> </strong><span style="line-height: 18.9091px;">and </span><span style="line-height: 18.9091px; color: rgb(0, 0, 128);"><strong>Granite Hill Capital</strong></span><span style="line-height: 18.9091px;">.</span>
Reyl & Cie Inks Partnership With Turquoise Partners For $200M Iranian PE Fund
2016-02-01T13:17:13.847782-05:00https://www.thetrustedinsight.com/investment-news/reyl-cie-inks-partnership-with-turquoise-partners-for-200m-iranian-pe-fund-20160201277/
<p style="line-height: 18.9091px;">Iranian investment management firm Turquoise Partners has announced plans to launch a $200 million private equity fund in tandem with the Dubai unit of Swiss bank REYL & Cie. The move comes as the lifting of economic sanctions generates intense private equity interest in Iran and the country opens to relatively unrestricted foreign investment for the first time a generation. </p>
Starwood Capital, Fosun Said To Consider Offers For Ascendas
2016-01-20T17:30:18.985868-05:00https://www.thetrustedinsight.com/investment-news/starwood-capital-fosun-said-to-consider-offers-for-ascendas-20160120849/
Starwood Capital Group, the property investment firm, and Chinese billionaire Guo Guangchang’s Fosun International Ltd. are weighing bids for Ascendas Hospitality Trust, people with knowledge of the matter said. Starwood Capital, which manages about $45 billion of assets, and Fosun are studying the Singapore-based hotel owner and could submit offers as early as the end of January, the people said, asking not to be identified as the information is private. Blackstone Group...
Savioke Announces $15M Series A Funding
2016-01-14T13:18:26.912960-05:00https://www.thetrustedinsight.com/investment-news/savioke-announces-15m-series-a-funding-20160114552/
Savioke today announced that it has raised $15 million in Series A financing from lead investor Intel Capital, along with EDBI, the corporate investment arm of the Singapore Economic Development Board, and Northern Light Venture Capital.
Outward Chinese Investment Resilient In Face Of Volatility
2016-01-13T11:44:54.754462-05:00https://www.thetrustedinsight.com/investment-news/outward-chinese-investment-resilient-in-face-of-volatility-20160113514/
The big economic news in Asia Pacific only two weeks into the new year is the reboot of China’s stock market correction that began last summer, along with the continued weakening of the Chinese currency, the renminbi. All this volatility, while dramatic, is unlikely to dampen the flow of outward investment from China into hotel markets around the world, particularly in Asia Pacific.
Blackstone And Gaw Said Preparing Bids For Ascendas’ $584M Hotel Trust
2016-01-13T11:43:57.061245-05:00https://www.thetrustedinsight.com/investment-news/blackstone-and-gaw-said-preparing-bids-for-ascendas-584m-hotel-trust-20160113513/
Hong Kong-based real estate private equity shop Gaw Capital may be about to take on Blackstone for the keys to Ascendas Hospitality Trust, a S$838 million ($584 million) hotel REIT, according to recent media reports.
New Venture Aims To Fill Customer-service Void In Healthcare
2016-01-13T11:42:02.515631-05:00https://www.thetrustedinsight.com/investment-news/new-venture-aims-to-fill-customer-service-void-in-healthcare-20160113512/
Three large U.S. venture capital firms are betting that hospitals will buy into a new service designed to help healthcare providers treat their patients more like upscale hotels treat their customers.
Sport-oriented Courtside Ventures Launches With $35M Fund
2016-01-13T11:38:48.778625-05:00https://www.thetrustedinsight.com/investment-news/sport-oriented-courtside-ventures-launches-with-35m-fund-20160113510/
Bruin Sports Capital, the media, sports, marketing and branded lifestyle venture launched in 2015 by George Pyne has established a strategic partnership with WPP in relation to its new venture capital (VC) unit Courtside Ventures, a $35 million fund investing across early stage technology and media companies with a focus on sports.
Jadwa Investment Recognized As ‘Private Equity Firm Of The Year In Kingdom"
2016-01-11T10:11:33.406207-05:00https://www.thetrustedinsight.com/investment-news/jadwa-investment-recognized-as-private-equity-firm-of-the-year-in-kingdom-20160111306/
Jadwa Investment, a Riyadh-headquartered investment management and advisory firm with assets under management of SR20 billion in public equity, private equity, real estate and fixed income, has been recognized as “Private Equity Firm of the Year in Saudi Arabia” by Finance Monthly Magazine.
Potential Private Equity Investors 'Eyeing Ascendas Hospitality Trust'
2016-01-08T16:01:56.480592-05:00https://www.thetrustedinsight.com/investment-news/potential-private-equity-investors-eyeing-ascendas-hospitality-trust-20160108288/
Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million (S$861 million).
Blackstone, Gaw Capital Weighing Bids For Ascendas Hospitality Trust
2016-01-07T09:56:38.565374-05:00https://www.thetrustedinsight.com/investment-news/blackstone-gaw-capital-weighing-bids-for-ascendas-hospitality-trust-20160107174/
<div>Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore’s Ascendas Hospitality Trust, people familiar with the matter said on Thursday. The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions in the city state’s property trust sector.</div>
Q&C Hotel Sells To California Real Estate Trust For $51M
2015-12-30T10:11:55.435072-05:00https://www.thetrustedinsight.com/investment-news/qc-hotel-sells-to-california-real-estate-trust-for-51m-20151230918/
A California real estate trust has purchased the 12-story, two-building Q&C Hotel in the Central Business District for $51.2 million. This is the third time the hotel has changed hands in the past two years and follows a full renovation overseen by the previous owners.
Pub Sector Calls Last Drinks On $500M-Plus In Sales
2015-12-29T10:40:10.814542-05:00https://www.thetrustedinsight.com/investment-news/pub-sector-calls-last-drinks-on-500m-plus-in-sales-20151229841/
Investors have poured more than $500 million into the pub sector, making it one of the busiest areas in the real estate sector.
Ritz-Carlton, St. Thomas, Commands $64M
2015-12-28T10:51:03.929599-05:00https://www.thetrustedinsight.com/investment-news/ritz-carlton-st-thomas-commands-64m-20151228766/
Marriott International sold the Ritz-Carlton, St. Thomas, in the U.S. Virgin Islands for $64 million, according to real estate brokerage CBRE.
Ashford Prime Completes Acquisition Of The Ritz-Carlton St. Thomas For $64M
2015-12-24T10:30:21.423987-05:00https://www.thetrustedinsight.com/investment-news/ashford-prime-completes-acquisition-of-the-ritz-carlton-st-thomas-for-64m-20151224720/
Ashford Hospitality Prime, Inc. announced that it has completed the previously-announced acquisition of the award-winning 180-room Ritz-Carlton St. Thomas for $64 million ($355,000 per key) from Marriott International, Inc. Concurrent with the completion of the acquisition, the company has financed the hotel with a $42 million non-recourse mortgage loan.
Frasers Hospitality acquires four boutique hotels in Britain for £36.1m
2015-12-11T11:23:32.034437-05:00https://www.thetrustedinsight.com/investment-news/frasers-hospitality-acquires-four-boutique-hotels-in-britain-for-361m-20151211907/
Frasers Hospitality, the hospitality arm of Frasers Centrepoint Limited, Wednesday announced the acquisition of a portfolio of four properties in the UK for a consideration of GBP36.1 million (US$54.79 million) from Swire Properties Hotels Holdings.
India Dealbook: AU Financiers to sell home finance biz; AMM Hospitality sells 26%
2015-12-09T14:30:24.222192-05:00https://www.thetrustedinsight.com/investment-news/india-dealbook-au-financiers-to-sell-home-finance-biz-amm-hospitality-sells-26-20151209790/
The promoters and investors in Jaipur-based AU Financiers are in talks with global private equity funds to sell the home finance business for about $135-150 million. In a separate deal, event management firm AMM Hospitality Private Ltd has raised $1.5 million (about Rs 10 crore) by selling 26% stake in... Read more »
Downtown Courtyard by Marriott sold as part of broader deal
2015-12-08T13:45:26.246620-05:00https://www.thetrustedinsight.com/investment-news/downtown-courtyard-by-marriott-sold-as-part-of-broader-deal-20151208707/
<span style="line-height: 20.8px;">That deal is part of a larger planned purchase of 13 hotels from Noble Investment Group.</span>
Apollo seeks $750m for non-core US real estate fund
2015-12-03T11:19:47.158809-05:00https://www.thetrustedinsight.com/investment-news/apollo-seeks-750m-for-non-core-us-real-estate-fund-20151203481/
<span style="line-height: 20.8px;">Apollo Global Management is raising $750m (€706.6m) for its latest </span><span style="line-height: 20.8px;">vehicle, a non-core fund.</span>
Hostplus plans $400m venture capital investments
2015-11-30T10:16:24.024331-05:00https://www.thetrustedinsight.com/investment-news/hostplus-plans-400m-venture-capital-investments-20151130273/
The hospitality and sports super fund, which is responsible for just under $20 billion of members' money, has invested in Blackbird Ventures' $200 million information technology fund and Brandon Capital Partners' third Medical Research Commercialisation Fund (MRCF3) this year.
Shiftgig Raises $22 Million to Match Hourly Workers to Local Jobs
2015-11-24T16:57:15.912023-05:00https://www.thetrustedinsight.com/investment-news/shiftgig-raises-22-million-to-match-hourly-workers-to-local-jobs-20151124083/
Shiftgig Inc. has raised $22 million in Series B venture funding to expand its mobile marketplace, which connects employers with locally available, and previously vetted, hourly workers.
UrbanClap raises $25M Series B funding from Bessemer, SAIF, and Accel Partners
2015-11-19T15:13:54.208103-05:00https://www.thetrustedinsight.com/investment-news/urbanclap-raises-25m-series-b-funding-from-bessemer-saif-and-accel-partners-20151119775/
Services marketplace startup UrbanClap today announced that it had raised $25 million Series B round of funding led by Bessemer Venture Partners with participation from existing investors SAIF and Accel Partners.
Hospitality management services startup Hostmaker closes $2 million round of funding
2015-11-19T15:09:03.703184-05:00https://www.thetrustedinsight.com/investment-news/hospitality-management-services-startup-hostmaker-closes-2-million-round-of-funding-20151119770/
Hospitality management services startup Hostmaker has closed a $2 million (Rs 13.2 crore) round of funding, led by a consortium of new and existing investors, including early-stage venture capital firm DN Capital and Deepak Shahdadpuri-led DSG Consumer Partners.
Shanghai Construction Group Buys Orange County Hyatt for $137M
2015-11-19T14:12:21.992991-05:00https://www.thetrustedinsight.com/investment-news/shanghai-construction-group-buys-orange-county-hyatt-for-137m-20151119753/
Shanghai Construction Group became the latest Chinese buyer of an overseas hotel recently when a US subsidiary of the state-owned giant picked up the Hyatt Regency Orange County for $137 million.
Commercial Real Estate Giant JLL To Acquire Orange County Firm
2015-11-17T16:31:21.781518-05:00https://www.thetrustedinsight.com/investment-news/commercial-real-estate-giant-jll-to-acquire-orange-county-firm-20151117577/
Commercial real estate services firm JLL is acquiring Orange County development consultant Martin Potts & Associates as it tries to capitalize on a building wave sweeping California.
Inside New York’s Most Expensive Apartment Buildings
2015-11-09T17:32:47.893441-05:00https://www.thetrustedinsight.com/investment-news/inside-new-yorks-most-expensive-apartment-buildings-20151109129/
Everyone knows New York apartments are expensive. But this expensive? Real estate research firm CityRealty just released their ranking of the priciest properties in the city. The company’s number-crunchers tallied the price-per-square-foot of closed sales, and there’s a new top dog in town.
Chinese Budget Operator Bidding for Carlyle’s $1.1B French Hotel Chain
2015-11-09T14:38:48.772512-05:00https://www.thetrustedinsight.com/investment-news/chinese-budget-operator-bidding-for-carlyles-11b-french-hotel-chain-20151109097/
Chinese budget hotel operator Green Tree Inns is said to be pursuing a bid of as much as €1 billion ($1.07 billion) for an 80 percent stake in a French hotel brand currently held by US private equity giant Carlyle... Read More>>
Top Analysts Predict Another Year of Growth for San Francisco Economy
2015-11-06T16:55:32.998153-05:00https://www.thetrustedinsight.com/investment-news/top-analysts-predict-another-year-of-growth-for-san-francisco-economy-20151106984/
<p style="margin: 9px 0px; font-family: helvetica, sans-serif; font-size: 12.8px; line-height: 19.2px;">Each February, SPUR’s Municipal Fiscal Advisory Committee brings together top economists and city staff to forecast what San Francisco’s economy will do in the year ahead. The expertise of independent economists and experts from key sectors — including real estate, hospitality and retail — helps the City Controller’s staff as they develop revenue projections for the upcoming fiscal year. Here’s a look at what they see ahead</p>
Post-Election Implications For Myanmar Real Estate
2015-11-06T10:14:13.208366-05:00https://www.thetrustedinsight.com/investment-news/post-election-implications-for-myanmar-real-estate-20151106905/
Myanmar’s young population, rising disposable incomes and low-cost labor pool reflect strong economic fundamentals, however the country’s real estate market still faces several challenges. On November 8, Myanmar will hold its first election since a nominally civilian government was introduced in 2011, ending nearly 50 years of military rule. The world will be watching as the ruling Union Solidarity and Development Party face the opposition of the National League for Democracy, led by Aung San Suu Kyi. Despite the political uncertainty, an orderly election and outcome is widely predicted. “It’s almost like a milestone. It’s something that needs to be passed and put behind as smoothly as possible,” says Andrew Gulbrandson, JLL Thailand’s head of research and consulting, who is also responsible for coordinating much of the firm’s ongoing consultancy work in Myanmar.
After Jupiter Purchase, Singha Wants More UK hotels
2015-11-04T10:55:47.719213-05:00https://www.thetrustedinsight.com/investment-news/after-jupiter-purchase-singha-wants-more-uk-hotels-20151104761/
Thailand's Singha Estate Pcl., the property arm of Singha Corporation, is reportedly in talks to buy more hotel assets in the United Kingdom, after the acquisition of U.K.-based Jupiter Hotels for £155 million.
Jadwa Investment Closes First Real Estate Investment Fund In Makkah
2015-10-27T16:10:57.392685-04:00https://www.thetrustedinsight.com/investment-news/jadwa-investment-closes-first-real-estate-investment-fund-in-makkah-20151027408/
Jadwa Investment has launched Jadwa Al Azizia Real Estate Investment Fund, the firm’s first real estate fund in Makkah.
Price Revealed: Marriott Hotel In Pompano Sells For $25M
2015-10-27T16:06:53.480912-04:00https://www.thetrustedinsight.com/investment-news/price-revealed-marriott-hotel-in-pompano-sells-for-25m-20151027406/
Property records revealed Friday the price of a Massachusetts-based company’s hotel acquisition in Pompano Beach: $24.8 million.
Gaw Adds London Office Complex, SG Hotel To Growing List Of Deals
2015-10-23T10:51:57.975299-04:00https://www.thetrustedinsight.com/investment-news/gaw-adds-london-office-complex-sg-hotel-to-growing-list-of-deals-20151023207/
Private equity real estate firm Gaw Capital Partners has added another $921 million in new deals to its growing list of cross-border property acquisitions by picking up an office block in London and a hotel in Singapore, according to media reports.
Spain's Parques Reunidos attracts four private equity bids
2015-10-22T17:03:07.424386-04:00https://www.thetrustedinsight.com/investment-news/spains-parques-reunidos-attracts-four-private-equity-bids-20151022180/
London-based Advent and Apax have both bid for the Madrid-based company, as have U.S. funds Carlyle and KSL Capital Partners, which specialises in the hospitality industry, the sources said on Wednesday. The bidders had been asked to submit initial offers by Oct.
South Korean Company Purchases Waikiki Hotel For $10.6M
2015-10-22T13:58:51.710440-04:00https://www.thetrustedinsight.com/investment-news/south-korean-company-purchases-waikiki-hotel-for-106m-20151022127/
A California-based affiliate of a South Korean company has purchased the Polynesian Plaza boutique hotel in Waikiki for about $10.6 million. L.A. Koreana Inc., owned by Koreana Hotels & Resorts in Seoul, purchased the leasehold interest in the 56-room hotel from Sandpiper Acquisition LLC.
Halalbooking plans $1B IPO in three years
2015-10-20T16:12:54.643575-04:00https://www.thetrustedinsight.com/investment-news/halalbooking-plans-1b-ipo-in-three-years-20151020994/
Halalbooking.com, an online booking platform in the halal tourism sector, said it was targeting growth, with plans to launch a $1 billion (Dh3.67 billion) initial public offering (IPO) in three years, according to Elnur Seyidli, chairman of the company’s board.
Venture Capital Investments Hit $16.5B In Quarter Despite Worrying Trends
2015-10-20T13:14:04.918611-04:00https://www.thetrustedinsight.com/investment-news/venture-capital-investments-hit-165b-in-quarter-despite-worrying-trends-20151020969/
Venture capitalists spread $16.3 billion over more than 1,000 technology, media, healthcare and other companies in the U.S. from July through September, driving a seventh straight huge quarter for start-up investment.