Starwood CEO Touts Resiliency of Extended Stay Hotels During Pandemic

InTown Suites  / Wikimedia

Starwood Property Trust continues to see notably above-average performance in its extended stay hotel sector investments, like InTown Suites (pictured). InTown Suites / Wikimedia

Skift Take: Extended stay hotels may be strong performers for Starwood Property Trust and Barry Sternlicht, but it may be years before the investment firm looks to deploy capital further into other hospitality sectors.

— Cameron Sperance

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Virgin Atlantic Files Chapter 15 Petition in U.S. to Assist Its Rescue in the UK

Phil Noble  / Reuters

Virgin Atlantic and TUI Airways aircraft are seen at Manchester Airport, following the outbreak of the coronavirus disease, Manchester, Britain, June 8, 2020. Phil Noble / Reuters

Skift Take: The real restructuring happened three weeks ago, as Airline Weekly’s analysts have noted. This move is just to facilitate that.

— Sean O’Neill

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