Edition:
United States

Hotels, Motels & Cruise Lines

Page 1

Regal Hotels International says Full Season entered into LOI

Tuesday, 23 May 2017 10:23am EDT

May 23 (Reuters) - Regal Hotels International Holdings Ltd <0078.HK>:Full Season entered into LOI with potential JV partner.Pursuant to LOI, full season shall, pay a deposit of US$1 million to an escrow agent.LOI in relation to possible cooperation on a property development project in New York.

Belmond announces acquisition of Cap Juluca in Anguilla

Monday, 22 May 2017 08:38am EDT

May 22 (Reuters) - Belmond Ltd : :Belmond announces acquisition of cap juluca in anguilla.Belmond Ltd - deal for approximately $84.6 million.Belmond -deal initially expected to be financed using cash on hand and $45.0 million of borrowings under co's previously undrawn $105.0 million revolving credit facility.Belmond Ltd says anticipates that Cap Juluca will generate adjusted EBITDA of between $12 million and $14 million following renovation and expansion.

Indian Hotels Co to consider scheme of amalgamation of unit with co

Friday, 19 May 2017 08:28am EDT

May 19 (Reuters) - Indian Hotels Company Ltd :Says to consider scheme of amalgamation of Tifco Holdings Limited, wholly owned subsidiary, with company.

Holloway Lodging Corp announces repayment of maturing mortgages and refinancing transactions

Thursday, 18 May 2017 08:00am EDT

May 18 (Reuters) - Holloway Lodging Corp :Holloway Lodging Corp announces repayment of maturing mortgages and refinancing transactions.Has refinanced all of its 2017 mortgage maturities.Has entered into a credit facility with a syndicate of lenders led by CWB Franchise Finance.Credit facility consists of a $50.0 million term loan and a $30.0 million revolver.Holloway Lodging- has repaid an aggregate of $90.3 million of debt set to mature in 2017, as of May 17, Holloway has total debt outstanding of $212.4 million.Holloway Lodging - has also entered into a commitment letter for a mortgage secured by two hotels located in Alberta with an Alberta-based credit union.Holloway Lodging - mortgage expected to have maximum principal amount of $17.5 million, interest rate of 4.25 pct, an amortization period of 15 years & a 5-year term.

Accorhotels shareholders turn down plan to ditch double-voting rights

Friday, 5 May 2017 12:08pm EDT

May 5 (Reuters) - AccorHotels Annual Shareholders Meeting.:Accorhotels shareholders reject a proposal blocking the granting of further double-voting rights to long term shareholders..Some 52.36 percent of the votes were cast in favour of the proposal at the annual shareholders meeting while the proposal needed a two-thirds majority to be approved..A group of 14 shareholders, led by Paris-based investment firm PhiTrust and representing 2.3 percent of AccorHotels's capital, had filed the proposal to block the further granting of double voting rights. nL8N1I52M8.

Capital Estate says it placed order to subscribe for allocated shares in IPO of Bocom International

Friday, 5 May 2017 06:28am EDT

May 5 (Reuters) - Capital Estate Ltd <0193.HK>-:Company placed order to subscribe for allocated shares in IPO of Bocom International.Maximum amount of subscription monies payable is us$9 million.

Intrawest Resorts says if merger deal terminated for failure to obtain approvals, Hawk Holding will be required to pay co $66.2 mln

Monday, 10 Apr 2017 06:46am EDT

Intrawest Resorts Holdings Inc :IntraWest Resorts - if merger deal terminated for failure to obtain approvals, Hawk Holding will be required to pay co $66.2 million - SEC filing.

Pandox to buy Silken Berlaymont hotel in Brussels

Friday, 7 Apr 2017 02:00am EDT

PANDOX AB : PANDOX AB (PUBL) PLANS TO ACQUIRE SILKEN BERLAYMONT IN BRUSSELS FOR MEUR 32.7 . PURCHASE PRICE AMOUNTS TO MEUR 32.7, CORRESPONDING TO APPROXIMATELY MSEK 315, AND IS FINANCED BY EXISTING CREDIT FACILITIES . TRANSACTION AND TRANSFER OF POSSESSION ARE EXPECTED TO BE COMPLETED AT END OF MAY 2017 . PLANS TO ACQUIRE SILKEN BERLAYMONT IN BRUSSELS, BELGIUM . FOR 2017 HOTEL IS EXPECTED TO CONTRIBUTE EQUIVALENT OF APPROXIMATELY MSEK 70 IN REVENUE AND MSEK 10 IN CASH EARNINGS ON AN ANNUALIZED BASIS .SELLER IS HOTEL BERLAYMONT SA/URVASCO HOTEL SA VIA TRUSTEE WHERE PANDOX HAS RECEIVED NECESSARY COURT APPROVAL TO ENTER INTO AN AGREEMENT TO ACQUIRE HOTEL.

AccorHotels says acquires digital luxury platform VeryChic

Monday, 3 Apr 2017 12:05pm EDT

AccorHotels : Says acquires VeryChic, a digital platform for private sale of luxury hotel rooms and apartments a digital platform for the private sale of luxury hotel rooms and apartments, cruises, breaks and packages. . It says VeryChic offers, via its website and mobile application, more than 4,000 exclusive private sales at attractive prices to a member base of more than 5 million. . AccorHotels did not give value of transaction . Says transaction will strengthen AccorHotels expertise in private sales and enable VeryChic to accelerate international development. Further company coverage: [ACCP.PA] (Reporting by Paris Newsroom) ((paris.newsroom@thomsonreuters.com; +33 1 49 49 54 52;)).

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary