asset sales Archives

News Blog

AccorInvest to Sell More Than $2 Billion in Hotel Assets: Report

Accor has signaled over several years that it plans to become more asset-light. Bloomberg News reports that the Paris-based hotel giant is about to take more steps as its owner-operator arm sells hotels. AccorInvest, a hotel owner-operator company created in 2017, wants to sell more than $2 billion (about €2 billion) of hotels in Europe…

Sean O'Neill | 2 months ago

Travel Technology

Inside Sabre’s Hotel Software Unit Sale and Other Top Stories This Week

In Skift's top stories this week, travel technology company Sabre is putting its hospitality division on the market, independent hotels increase the use of TikTok in marketing, and Russian tourism executives target travelers from India.

Rashaad Jorden | 1 year ago

Travel Technology

Sabre Quietly Looks to Shed Hotel Software Unit

Surprise! Sabre has been shopping around its non-core unit that helps hoteliers handle reservations, sources said. A sale might be good for the hospitality business by giving it a home that could further support its growth.

Sean O'Neill | 1 year ago

Short-Term Rentals

Shuttered Property Manager WanderJaunt Is Trying To Sell Its Assets

WanderJaunt claims in its sales pitch to sell its assets that it had industry-leading unit economics. It doesn't explain, however, why it closed operations on short notice leaving employees, guests, and creditors hanging.

Dennis Schaal | 1 year ago

Mergers and Acquisitions

Expedia Awaits Comeback of International Travel to Solidify Market Share Gains

After shutting down or selling eight businesses — some of which were relatively inconsequential — since the beginning of 2020, Expedia Group doesn't expect any more such asset dispositions as part of its drive to make the company simpler and more focused. But selling brands may turn out to be the easiest part of the exercise.

Dennis Schaal, Skift | 2 years ago

Coronavirus

Royal Caribbean Squeezed by Pandemic Sells Cruise Line to Private Equity for $201 Million

By selling off one of its assets, Royal Caribbean is trying to shore up cash. But by incurring an impairment charge, is the company reaching its goal or just creating an illusion?

Praveen Paramasivam, Reuters | 3 years ago

Hotels

Distressed Hotel Asset Sales in Thailand May Turn Into a Gold Mine for International Chains

Covid-19 unearthed hotel vulnerabilities, but Thai asset owners are not retreating. That means more branding opportunities for chains, but how they handle the pandemic will be closely watched.

Raini Hamdi, Skift | 3 years ago

Airlines

HNA-Backed Chinese Airlines Given Ultimatum to Pay Fuel Bills

Chinese regulators are getting tough with cash-strapped HNA's Hainan Airlines, but not too tough because they don't want customers causing disturbances at the nation's airports when flights get cancelled.

Bloomberg, Skift | 6 years ago

Articles tagged “asset sales”