apollo global management
Newbond Holdings and Funds Managed by Apollo Global Management Acquire Hotel Tampa Riverwalk
Newbond Holdings | November 4, 2022
NEW YORK--November 4, 2022--Newbond Holdings, a vertically integrated real estate investment and operating platform, founded by Neil Luthra and Vann Avedisian, is proud to announce the acquisition of the Hotel Tampa Riverwalk, formerly known as the Sheraton Tampa Riverwalk Hotel, in partnership with investment funds managed by an affiliate of Apollo (NYSE: APO). Ownership has selected Schulte Hospitality Group to manage the hotel. The 277-room property, located alongside the Hillsborough River and Riverwalk in downtown Tampa, was delivered unencumbered of the Sheraton flag and management, and has been rebranded as the Hotel Tampa Riverwalk...
Sands Completes Sale of The Venetian Resort in Las Vegas
Sands | February 24, 2022
LAS VEGAS, NV - February 24, 2022 - Las Vegas Sands Corp. today announced it has completed the approximately $6.25 billion sale of The Venetian Resort (The Venetian, Palazzo and Venetian Expo) to affiliates of Apollo Global Management, Inc. and VICI Properties Inc. "The opening of The Venetian more than 20 years ago represents the beginning of the company's success. The property, and most importantly, the people who represent it every day will always remain indelible parts of our history," said Las Vegas Sands Chairman and Chief Executive Officer Robert Goldstein. "Looking forward from the sale, we believe our strong balance...
AWH Partners and Funds Managed by Apollo Global Management Acquire DoubleTree Anaheim – Orange County
AWH Partners, LLC | June 29, 2021
NEW YORK — June 29, 2021 — AWH Partners, LLC and funds managed by a subsidiary of Apollo Global Management, Inc. (NYSE:APO) have acquired DoubleTree by Hilton Hotel Anaheim - Orange County. As a result of the deal, Spire Hospitality has taken over management of the property from Hilton Worldwide Holdings Inc. The financial terms of the transaction were not disclosed. “This acquisition, which took almost 12 months from agreement to closing and included assuming existing debt, required discipline and focus through much of the pandemic,” said Russell Flicker, co-founder and managing partner of AWH Partners. “The property’s adjac...
Diamond Resorts Intl. Enters into Definitive Merger Agreement with Affiliates of Apollo Global Management for $2.2 billion in Cash
Apollo | June 30, 2016
LAS VEGAS - June 30, 2016 - Diamond Resorts International, Inc. ("Diamond Resorts" or the "Company") (NYSE: DRII) today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with affiliates of certain funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (NYSE: APO), pursuant to which the Apollo Funds will acquire Diamond Resorts for $30.25 per share or approximately $2.2 billion. The all-cash offer represents a premium of approximately 26% over Diamond Resorts' closing share price on June 28, 2016, and a premium of ...
Northview Hotel Group Acquires Hotel Madeline Telluride in Colorado
Northview Hotel Group | August 25, 2014
Westport, Connecticut; August 25, 2014 - Affiliates of Northview Hotel Group ("Northview"), in partnership with a fund (the "Partnership") managed by an affiliate of Apollo Global Management, LLC (NYSE:APO) have announced the acquisition of Hotel Madeline Telluride (the "Property"), Telluride's premier hotel and residences. Terms of the transaction have not been disclosed. A Virtuoso-preferred destination and member of The Leading Hotels of The World, Hotel Madeline Telluride is a four-diamond rated, ski-in ski-out property in the heart of the Town of Mountain Village in Telluride, featuring 89 guest rooms, 11 suites, 60 residences, 10 ...
$85 Million Renovation Underway for the Novotel New York Times Square; September Completion Planned
Novotel | June 28, 2013
June 28, 2013 (New York, NY) - Novotel New York is making a dramatic mark on its centrally-located Times Square address with an exciting $85 million revamp financed by the owners, real-estate asset management companies Charters Lodging Group, LLC and Apollo Global Management, LLC. Led by the design firm Stonehill & Taylor, the complete renovation will create an inviting ambiance in the heart of the city to dazzle contemporary travelers, complete with the new restaurant, Supernova, and an exclusive outdoor Terrace, offering unparalleled views of Times Square. Novotel, Accor's North American flagship brand, will continue to welcome gu...
Appointments/People on the Move
All Things Independent
STR Weekly Insights: 19-25 March 2023
Cybersecurity Job Postings in Travel and Tourism Industry Up by 54% YoY in 2022
With Summer Travel on the Horizon, 7 in 10 Americans Are Ready to Roam Despite Economic Challenges
Who Are the Winners and Losers From ChatGPT?
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.