How This Lodging Company Has Grown by As Much As 1,970 Percent Over the Past Year
The year 2020 was not exactly one which lodging companies — or for that matter, many business entities and individuals in general — celebrated chiefly due to the current 2019 Novel Coronavirus pandemic…
…but one lodging company has been experiencing a phenomenally dramatic spurt of expansion within the past year from having 58 hotel and resort properties in its brand portfolio at the start of 2020 to boasting almost 1,200 hotel and resort properties by the time its latest deal is done — and that translates to an increase of almost 1,970 percent.
That lodging company is…
SkyTeam Alliance: Air Europa to Leave; LATAM to NOT Join at This Time
The SkyTeam alliance of airlines has had some interesting activity recently due to the announcements of new partnerships: Air Europa with the parent company of British Airways; and LATAM with Delta Air Lines — and the regions to be affected most by the changes are Latin America and Europe.
International Consolidated Airlines Group officially announced…
Six Senses Hotels Resorts Spas Acquired by InterContinental Hotels Group for $300 Million
InterContinental Hotels Group has agreed to acquire Six Senses Hotels Resorts Spas from Pegasus Capital Advisors — which is a private equity fund — for $300 million as of Wednesday, February 13, 2019 to further bolster its portfolio of luxury brands of hotel and resort properties.
The sale of Six Senses Hotels Resorts Spas to InterContinental Hotels Group includes…
Mövenpick Hotels & Resorts Acquired by AccorHotels
Mövenpick Hotels & Resorts — which was founded in 1973 and operates greater than 20,000 rooms in 84 hotel and resort properties in 27 countries — is being acquired by AccorHotels for 560 million Swiss francs, which is equivalent to slightly more than United States $560 million.
The agreement was…
Norwegian Unanimously Rejects Proposals For Acquisition By International Airlines Group
Members of the board of Norwegian Air Shuttle confirmed earlier today that the airline had received two separate conditional proposals from IAG Group in relation to an acquisition of 100 percent of the share capital of Norwegian Air Shuttle — and those proposals were “unanimously rejected”.
These proposals were reviewed in conjunction with…
InterContinental Hotels Group Acquires 51 Percent Stake in Regent Hotels and Resorts
InterContinental Hotels Group has agreed to acquire a majority stake of 51 percent in Regent Hotels and Resorts for $39 million in cash; and it will have the right to acquire the remaining 49 percent interest in the luxury lodging company in a phased manner from the year 2026.
Although Regent Hotels and Resorts…
What Do FlyerTalk and WebMD Have In Common? As of Today, The Answer Is…
Internet Brands — which is the company that owns FlyerTalk and other Internet web sites — has entered into a definitive agreement to acquire WebMD Health Corporation in a transaction valued at approximately $2.8 billion.
“Under the terms of the agreement…
Surf Air Acquires Airline With Similar Business Model and Will Add New Markets
“Good list, but don’t forget Rise, Private-flight Sharing in Texas. Now serving Dallas, Houston, Austin and Midland. Expanding soon to San Antonio, Oklahoma City, Tulsa, Northwest Arkansas and more. Fly unlimited for just $1,650 per month.”
When Clynt Taylor — who is a reader of The Gate — posted this comment on Saturday, August 15, 2015 in response to this article which listed hassle-free airlines as possible alternatives to flying as a passenger on commercial airlines, RISE had only been established during the prior year and was not included on the list…
…but this official announcement…
Virgin America Name to Cease to Exist in 2019
After what is being called “careful consideration,” the Virgin America name will likely cease to exist as a brand sometime in the year 2019 — exactly when has not yet been determined — as part of the continued integration with Alaska Airlines, which announced the acquisition of the airline almost one year ago and was approved by the Department of Justice of the United States on Tuesday, December 6, 2016.
Virgin America Name to Cease to Exist in 2019
Although the two airlines will adopt the name and logo of Alaska Airlines — whose refreshed branding was unveiled back in January of 2016 — the combined airline…
Your Chance to Win a Trip for Two in the #Twogether Sweepstakes in Celebration of the Merger of Alaska Airlines and Virgin America
In celebration of the acquisition of Virgin America by Alaska Airlines being completed earlier today, you could be one of 600 people to win two certificates — which can be used toward round-trip economy tickets on flights flights marketed by Alaska Airlines and operated by Alaska Airlines, Virgin America, Horizon, SkyWest or PenAir to a choice of greater than 100 destinations with the #Twogether Sweepstakes — excluding flights to…
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