Dubai's Sunset Hospitality Said to Seek $300 Million to Expand [BNN Bloomberg (Canada)]
Jefferies Financial Group Inc. (JEF)
Last jefferies financial group inc. earnings: 10/25 04:42 pm
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Source: BNN Bloomberg
The company is working with Jefferies Financial Group Inc. to help find potential investors, said the people, who declined to be identified because the information is private. The restaurant and hotel firm would prefer to raise the money from a single party, but is open to all options, they said. Spokespeople for Sunset Hospitality and Jefferies declined to comment. The planned expansion comes as travel and luxury lifestyle demand sees a strong rebound after the pandemic. Ennismore, the high-end hotel company backed by France's Accor SA, is seeking to raise capital for expansion in the US and is talking to potential strategic partners, Bloomberg News reported in March. Saudi Arabia's Public Investment Fund agreed to acquire a significant minority stake in Rocco Forte's luxury hotel group in December to accelerate the firm's expansion globally. There's also been a boom in demand for luxury leisure and top-end restaurants in the Middle East. Dubai has seen an influx of newcomers,
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JEF
Earnings
- 3/27/24 - Miss
JEF
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 144
- 5/13/24 - Form 144
- JEF's page on the SEC website