Key Developments: Rezidor Hotel Group AB (REZT.ST)

REZT.ST on Stockholm Stock Exchange

43.40SEK
11 Jul 2014
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0.40kr (+0.93%)
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Latest Key Developments (Source: Significant Developments)

Rezidor Hotel Group announces terms for rights issue
Tuesday, 22 Apr 2014 02:00am EDT 

Rezidor Hotel Group AB:Says it has set terms for the rights issue.Shareholders in Rezidor have preferential rights to subscribe for one new share for six existing shares held.The subscription price is 22.30 Swedish crowns per share, which represents total rights issue proceeds of a maximum of about 544 million crowns (corresponding to about 60 million euros) before transaction costs.The subscription period runs from and including May 5 up to and including May 21.Rezidor's principal shareholder, Carlson, has, subject to customary conditions, committed to subscribe for its pro-rata share of the rights issue, corresponding to about 51.3 percent of the new shares.  Full Article

Rezidor Hotel Group AB to propose rights issue; says no proposed dividend for FY 2013
Friday, 7 Feb 2014 01:30am EST 

Rezidor Hotel Group AB:Says Board of Directors intends to propose a rights issue of about 60 mln euros to accelerate strategy and profitability initiatives.Says the rights issue of 60 mln euros is expected to be approved in conjunction with the AGM on Apr. 24 with the subscription period for the rights issue and trading in rights expected to commence shortly thereafter.Says, given this intention to strengthen the balance sheet of Rezidor, no dividend will be proposed for fiscal year 2013.Says it appointed SEB Corporate Finance as financial adviser in relation to the rights issue.  Full Article

Rezidor Hotel Group AB signs 32 projects and opened 14 hotels in 2013
Tuesday, 28 Jan 2014 03:01am EST 

Rezidor Hotel Group AB:Says by the end of 2013, with a total of 32 projects were signed (6,400 rooms) and 14 hotel opened (3,300 rooms).Says in the Q4 of 2013 alone, Rezidor has signed 8 projects with 2,150 rooms and opened 4 hotels with 950 rooms.  Full Article

Rezidor restructures three lease agreements and terminates one contract
Wednesday, 8 Jan 2014 01:00am EST 

Rezidor Hotel Group AB:Says signed four agreements in Q4 2013 to further improve the profitability of the leased portfolio.Says has restructured three lease contracts out of which two led to a 3.6 million euros 2013 EBITDA increase and one is forecasted to generate an additional 1.7 million euros in EBITDA in 2014 and thereafter.Says one additional loss-making agreement will be terminated in Dec. further increasing the EBITDA by about 0.5 million euros annually in addition to CapEx savings.Says all transactions were related to assets in Europe.  Full Article

Rezidor Hotel Group AB Signs Eight Agreements for New Hotels; Enters Algerian Market
Thursday, 17 Oct 2013 10:10am EDT 

Rezidor Hotel Group AB announced that the Company has signed eight agreements for new hotels with a total of 1,400 rooms in the third quarter of 2013. Five of these signings represent projects in Saudi Arabia, a key focus country for Rezidor. Rezidor has also added a new country to its portfolio and signed the first Radisson Blu Hotel in Algiers, Algeria. The upper upscale property with 137 rooms in scheduled to open in the first quarter of 2015.  Full Article

Rezidor Hotel Group AB Signs 11 Hotels
Friday, 12 Jul 2013 04:01am EDT 

Rezidor Hotel Group AB announced that it has signed 11 hotels with almost 1,800 rooms in the second quarter of 2013. During the same period, Rezidor has also opened 3 hotels with 450 rooms and extended 3 hotels (350 rooms). At the end of June, Rezidor's operating portfolio comprises 335 hotels with 74,000 rooms in 56 countries across Europe, the Middle East and Africa.  Full Article

Rezidor Hotel Group AB Appoints Deloitte AB as Auditors
Friday, 26 Apr 2013 01:00am EDT 

Rezidor Hotel Group AB announced that the Annual General Meeting of the Company has appointed Deloitte AB as the Company's Auditors. The term of service runs until the end of the Annual General Meeting 2016.  Full Article

Rezidor Hotel Group AB Opens New Hotels
Tuesday, 16 Apr 2013 03:00am EDT 

Rezidor Hotel Group AB announced that it has signed five new hotels with over 1,000 rooms and opened five properties with 940 rooms in the first quarter of 2013. At the end of the first quarter of 2013, the Company‚Äôs operating portfolio comprises 338 hotels with over 74,000 rooms in 56 countries across Europe, the Middle East and Africa. Rezidor's openings in the first quarter of 2013, which are all under management and franchise contracts, are: Radisson Blu Riverside Hotel, Gothenburg, Sweden with 265 rooms; Radisson Blu Hotel, Maputo, Mozambique with 154 rooms; Radisson Hotel, Rosa Khutor, Russia with 181 rooms; Park Inn by Radisson Amsterdam Airport Schiphol, the Netherlands with 150 rooms, and Radisson Blu Hotel, Dortmund, Germany with 190 rooms. The total number of new rooms amount to 940.  Full Article

Rezidor Hotel Group AB Proposes No FY 2012 Dividend
Thursday, 14 Feb 2013 02:30am EST 

Rezidor Hotel Group AB announced that its Board of Directors will recommend, at the Annual General Meeting 2013, that no dividend is to be paid for the financial year 2012. The Annual General Meeting 2013 of the Company will take place on April 24, 2013 in Stockholm. For fiscal year 2011, the Company paid no dividend.  Full Article

Rezidor Hotel Group AB Converts Two Leases to Franchise Agreements
Tuesday, 8 Jan 2013 06:00am EST 

Rezidor Hotel Group AB announced the conversion of two lease agreements, the Park Inn by Radisson Malmo and the Park Inn by Radisson Hammarby Sjostad, in Sweden to franchise agreements. Combined, the two hotels comprise over 400 rooms and will remain under the Park Inn by Radisson brand. Ligula Hospitality Group AB will purchase the shares of the company which holds the lease agreements, Rezidor Hotel AB which will operate the hotels under franchise agreements beginning in the first quarter of 2013. The shares will be purchased for a symbolic EUR 1, while the net assets of the company are EUR 0.9 million. The 2012 forecasted EBITDA losses for the hotels are a combined EUR 0.8. Ligula Hospitality Group has over 375 employees and EUR 45 million in annual revenue. The group holds several local brands and among them is ProfilHotels with 10 hotels in Sweden and Denmark.  Full Article

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