Soho House’s stock plunged more than 13pc amid fears over the takeover - Soho House Soho House’s $1.8bn (£1.3bn) takeover deal has been thrown into jeopardy after a key backer revealed it was struggling to fund the purchase. The private members’ club revealed on Thursday that US hotel giant MCR Hotels – which is leading a consortium to buy the group – was unable to fund its pledge to pay $200m towards the deal. MCR is the third-largest hotel operator in the US and its portfolio includes the 1960s-themed ...

WASHINGTON (AP) — Sluggish December hiring concluded a year of weak employment gains that have frustrated job seekers even though layoffs and unemployment remained low. Employers added just 50,000 jobs last month, nearly unchanged from a downwardly revised figure of 56,000 in November, the Labor Department said Friday. The unemployment rate slipped to 4.4%, its first decline since June, from 4.5% in November, a figure also revised lower. The data suggests a reluctance by businesses to add workers even a ...

Hilton Hotels is tearing down its signs in front of the Minneapolis-area Hampton Inn property that allegedly refused service to Department of Homeland Security (DHS) agents.  It's the latest move by Hilton that underscores its attempt to sever its relationship with the Hampton Inn in Lakeville, a Hilton brand that's run independently by Everpeak Hospitality. Hampton by Hilton Hotels are primarily owned and operated by independent franchisees, but they are required to follow Hilton's brand standards.The sign ...

Core Viewpoint - MCR, a hotel owner, is unable to fulfill a $200 million commitment in time, leading Soho House's financial partners to seek alternative options [1] Company Summary - MCR's inability to meet the financial commitment has significant implications for its operations and partnerships [1] - The situation has prompted Soho House's financial partners to explore other funding avenues, indicating potential instability in their financial arrangements [1] Industry Summary - The incident highlights challenges within the hospitality and investment sectors, particularly regarding financial commitments and partnerships [1] - The need for financial partners to quickly adapt to changing circumstances reflects broader trends in the industry, where flexibility and rapid decision-making are increasingly crucial [1]

Alibaba, NetEase, and hotel operator H World Group are seeing bullish technical indicators. ...

This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. MCR Hotels’ planned deal to take Soho House private may be on thin ice, with MCR now unable to meet its funding commitments by the anticipated closing date, according to a Jan. 8 filing with the Securities and Exchange Commission. Soho House & Co. first announced the merger in August, sharing that a group of investors led by New York-based MCR Hotels and its CEO and c ...

Core Viewpoint - Hilton is facing a potential boycott after a hotel in Minneapolis allegedly canceled reservations for ICE agents, leading to backlash from conservative influencers and supporters [1][10]. Group 1: Boycott Calls and Reactions - Conservative podcaster Benny Johnson called for a boycott of Hilton, claiming the company lied about its actions regarding ICE agents [2]. - Trump supporters are sharing images of Hilton brands and urging followers to stop supporting the company [3]. - A social media account with 1.4 million followers encouraged a boycott of Hilton Hotels [4]. Group 2: Incident Details - The Hampton Inn in Lakeville, Minnesota, was accused of denying reservations to DHS and ICE officials, which Hilton later confirmed led to the termination of the hotel's franchise agreement [2][5]. - A video by conservative influencer Nick Sortor showed a hotel clerk stating that reservations for immigration agents were not allowed, which garnered nearly 2 million views [5]. Group 3: Broader Context - The Department of Homeland Security (DHS) accused the hotel staff of launching a coordinated campaign to refuse service to law enforcement, stating that reservations were maliciously canceled [10]. - The ICE has recently focused on the Twin Cities due to a billion-dollar human services fraud scandal involving Somali-run daycare centers, deploying about 1,500 officers to the area [8].

In the dynamic and fiercely competitive business environment, conducting a thorough analysis of companies is crucial for investors and industry enthusiasts. In this article, we will perform an extensive industry comparison, evaluating Airbnb (NASDAQ:ABNB) in relation to its major competitors in the Hotels, Restaurants & Leisure industry. By closely examining crucial financial metrics, market position, and growth prospects, we aim to offer valuable insights for investors and shed light on company's performan ...

Core Insights - KKR & Co. Inc. is a leading global investment firm with a market cap of $114.9 billion, managing alternative asset classes such as private equity, credit, real assets, and insurance solutions, founded in 1976 [1] Financial Performance - KKR is expected to report a profit of $1.22 per share for fiscal Q4, reflecting an 8.9% increase from $1.12 per share in the same quarter last year [2] - For FY2025, analysts project a profit of $4.53 per share, a 16.2% increase from $3.90 per share in fiscal 2024, with further growth anticipated to $6.16 per share in fiscal 2026, representing a 36% year-over-year increase [3] Stock Performance - KKR's stock has declined by 9.9% over the past 52 weeks, underperforming compared to the S&P 500 Index's 16.2% return and the Financial Select Sector SPDR Fund's 15.4% increase during the same period [4] Recent Developments - On December 8, KKR provided €300 million in whole loan financing to support EPISO 6's acquisition of easyHotel, which is expected to bolster the budget hotel operator's expansion across Europe, leading to a 4.3% rise in KKR shares in the following trading session [5] Analyst Ratings - Wall Street analysts maintain a "Strong Buy" rating for KKR, with 16 out of 20 analysts recommending "Strong Buy," one suggesting "Moderate Buy," and three indicating "Hold." The mean price target for KKR is $156.84, suggesting a potential upside of 15.5% from current levels [6]

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty Images Good morning! Here is the latest in trending:Taking control: Venezuela will give up to 50M barrels of oil to the U.S. and exports to China might be redirected.Legalities: The Supreme Court may soon decide the fate of Trump's tariffs after scheduling Friday as an opinion day.Pay package: Berkshire Hathaway (BRK.B) raises new CEO Greg Abel's salary and he's making more than ...