Hotels, Motels & Cruise Lines

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Hotel Properties Ltd announces divestment of shares in associated company

Friday, 19 Dec 2014 04:31am EST

Hotel Properties Ltd:Enters into share transfer agreement with General Mills Asia Pte. Ltd, to sell its entire 49 pct interest comprising 245,000 ordinary shares in capital of Pinedale Holdings Pte Ltd, an associated company of Company, and shareholder’s loan made by HPL to Pinedale Holdings to General Mills Asia.Says for total consideration of S$15 mln.General Mills Asia is an independent and unrelated party.

FUJITA KANKO INC to establish subsidiary

Thursday, 18 Dec 2014 01:00am EST

FUJITA KANKO INC:To establish a wholly owned subsidiary based in Osaka, Japan on Jan. 30, 2015.New subsidiary to be engaged in wedding and restaurant businesses.New subsidiary to be capitalized at 10 million yen.

Safestay PLC announces placing to raise 3.3 mln pounds

Wednesday, 17 Dec 2014 02:00am EST

Safestay PLC:Raises about 3.315 mln pounds (before expenses) by way of a placing by Westhouse Securities of 6,027,272 new ordinary shares of 1 pence each at a price of 55 pence per new ordinary share with institutional and other investors.New Ordinary Shares will represent about 31.3 pct. of the company's share capital, as enlarged by the placing.Intends to use about 2.0 mln pounds to finance the renovation and refurbishment of its recently leased Holland Park property.Further 0.5 mln pounds will be used to repay part of the short term loan provided by Bredbury Limited as part of the consideration for the acquisition of the York hostel in May 2014, with the balance being used for working capital purposes.

InterContinental Hotels Group to acquire Kimpton Hotels & Restaurants

Tuesday, 16 Dec 2014 02:00am EST

InterContinental Hotels Group PLC:To acquire Kimpton Hotels & Restaurants for $430 mln in cash.Acquisition makes IHG the clear market leader in the boutique segment, the fastest growing segment in the industry.BofA Merrill Lynch acted as financial adviser to IHG.

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Analyst Research

Report Title Price
Provider: Swiss Capital
$161.00
Provider: Thomson Reuters StreetEvents
$75.00
Provider: ICICI Direct
$10.00
Provider: Reuters Investment Profile
$20.00
Provider: CIBC World Markets
$25.00

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