Hotels, Motels & Cruise Lines

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Grupo Hotelero Santa Fe completes purchase of Krystal Urban Cancun Centro hotel

Tuesday, 16 Dec 2014 07:42pm EST

Grupo Hotelero Santa Fe:Completes purchase of Krystal Urban Cancun Centro hotel of 212 rooms for 254.1 million pesos.Purchase was carried out with funds obtained in recent initial public offering and a bank loan of around 181.5 million pesos.Plans to invest around 20.5 million pesos.

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.

Action Hotels PLC announces freehold land acquisition

Tuesday, 16 Dec 2014 02:00am EST

Action Hotels PLC:Agrees to jointly acquire, with Action Group Holdings, a prime freehold plot of land located in Dubai's Healthcare City.Plot is being acquired directly from the Dubai government for a consideration of $15.7 mln.


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