10 hrs ago
Hotel News Resource
Extended Stay America Announces Third Quarter 2013 Results
Extended Stay America, Inc. , the largest owner/operator of company-branded hotels in North America, announced results for the third quarter ended September 30, 2013.
16 hrs ago
Extended Stay registers strong third quarter
Extended Stay America Inc. has posted net income of $46.6 million for the third quarter, up from $33.3 million in the comparable period in 2012.
Hilton Worldwide raises over $2.3b in biggest-ever hotel IPO
Backed by private equity and real estate firm Blackstone Group LP , Hilton priced its shares at $20.
Paulson Extends Comeback With Merger Bets as Stocks Rally
After wrong-way bets on the U.S. recovery, the euro crisis and gold had helped cut assets by about half from the 2011 peak, his main hedge funds are posting double-digit returns.
John Paulson's Main Strategies Said to Rise in November
Billionaire hedge-fund manager John Paulson posted gains in his firm's main strategies in November, in part from an investment in Extended Stay America Inc. , according to two people familiar with the matter.
UPDATE 2-Hilton to raise up to $2.37 bln in biggest hotel IPO
Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion, in what would be the biggest-ever hotel IPO and perhaps the second-biggest IPO of the year.
Crain's New York Business
Blackstone to pursue IPO for La Quinta
Blackstone Group plans to file for an initial public offering of its La Quinta Inns & Suites hotel chain rather than sell the company on the private market, according to people with knowledge of the firm's thinking.