Investissements

plus

Hard Rock is Looking to Raise $250 Million in its Hospitality Business

1 min reading time

Published on 19/07/12 - Updated on 17/03/22

Hard Rock International is in negotiations with investors to raise $250 million to develop its lodging business, according to Bloomberg.

Bloomberg quotes Executive Vice President Michael Shindler: “We can go to cities that we feel are important to the strategic growth of the hotel platform...Without the capital, some of the deal opportunities that might come to us might not be precisely in the market that we want to be in.”Hard Rock wants to develop in 50 cities, including London, Paris, New York, Los Angeles, Dubai, Hong Kong, Beijing, Tokyo and Shanghai, Bloomberg reports.They continue to quote Mr. Shindler: “We are always looking to create a capital base where we have a little bit more control of our own destiny in terms of new transactions, acquisitions of hotels or investment in hotels.”

For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?