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Aoki immediately sold the Plaza Hotel to Donald Trump for $390 million. [17] In 1994, Aoki agreed to sell Westin to real estate investment firm Starwood Capital Group (parent of Starwood) and Goldman Sachs at an enormous loss, for $561 million, but by the time the sale closed in May 1995, the buyers had negotiated the price down to $537 million ...
Initially, Starwood Lodging owned a number of hotels throughout North America, all under different brand names. The Westin Hotel Company was purchased in 1994 from Aoki Corporation of Japan. Starwood acquired the Sheraton , Four Points by Sheraton , and The Luxury Collection brands from ITT Sheraton in 1998.
The contracts between Four Seasons and property owners typically permit the company to participate in the design of the property and run it with nearly total control over every aspect of the operation. [5] Four Seasons generally earns three percent of the gross income and about five percent of profits from the properties it operates. Property ...
The private-equity firm that owns MindGeek — which operates a massive network of adult entertainment properties, including Pornhub — has shed the company’s old name and, it hopes, some of ...
The signature spa brand was then implemented in many of Fairmont's locations. [11] In July 2001, Fairmont Hotels signed a joint-venture with Sheikh Khalifa bin Zayed Al Nahyan for a minority-stake purchase and the management of a luxury 393-room hotel in Dubai. The Fairmont Dubai property was the first Fairmont branded hotel in the Middle East ...
Peltz served as CEO of the company from 1993 through 2007, during which time the company sold several of its subsidiaries in order to focus on their food and beverage operations. [15] In August 1995, Triarc purchased Mistic Brands, Inc. from Joseph Victori Wines, Inc. for $97 million. [18] Triarc sold off its textile companies in 1997. [15]
(Reuters) -Budget airline AirAsia parent Capital A said on Wednesday it plans to list its brand management business on the Nasdaq by entering into a deal with a special purpose acquisition company ...
Authentic Brands Group LLC (ABG) is an American brand management company headquartered in New York City. Its holdings include various apparel, athletics, and entertainment brands, which it partners with other companies to license and merchandise. [2]