Hotels / Motels / Cruise Lines

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Mahindra Holidays and Resorts India Ltd acquires new 60 room resort in Manali

Thursday, 19 Jun 2014 02:39am EDT

Mahindra Holidays and Resorts India Ltd:Says it has purchased 100 pct equity share capital of M/s. Competent Hotels Private Limited (CHPL), which owns Resort comprising of 60 rooms in Manali, Himachal Pradesh.Consequent to this, CHPL has become wholly owned subsidiary of the Company.

Hotel Royal Ltd updates on acquisition

Wednesday, 18 Jun 2014 05:08am EDT

Hotel Royal Ltd:Refers to announcement dated March 21 entitled the proposed acquisition of Burasari Resort in Phuket, Thailand through the acquisition of the entire issued and paid up share capital of Panali Co Ltd.Says the completion of the proposed acquisition shall be July 2 instead of June 30.

Millennium & Copthorne Hotels Plc completes acquisition of Novotel NY Times Sq

Friday, 13 Jun 2014 02:00am EDT

Millennium & Copthorne Hotels Plc:Completes acquisition of Novotel New York Times Square, located at 226 W. 52nd Street in New York City, New York.

Strategic Hotels & Resorts Inc closes acquisition of remaining interest in The Hotel del Coronado

Thursday, 12 Jun 2014 10:46am EDT

Strategic Hotels & Resorts Inc:Closes the acquisition of the remaining 63.6 percent ownership interest in the Hotel del Coronado for $210.0 million.Transaction valued the asset at $787.0 million and includes the assumption of the existing $475.0 million mortgage financing.

HI Real SpA approves project for transfer of real estate assets; to issue 35 mln euros convertible bond

Thursday, 12 Jun 2014 01:53am EDT

HI Real SpA:Announces new investment for the development of the company.Says the Board has approved a project for the transfer of real estate assets for a total value of around 48 mln euros.Says it signed agreements with Arix SpA, Nogeme Srl, and F.N. Immobiliare Srl.With Arix it signed an agreement for the transfer of 4 properties for industrial purposes in the province of Mantova.The value of the properties is around 26,000,000 euros, equaling to a net transfer price of 3,158,080 euros.With Nogeme it signed an agreement for the transfer of 2 properties located in Reggio Emilia, also for industrial purposes.The value of the properties is around 14,649,174 euros, equaling to a net transfer price of 2,158,000 euros.With F.N. Immobiliare it signed an agreement for the transfer of a property for industrial purposes, in Bologna.The value of the property is of 7,416,000 euros, equaling to a net transfer price of 465,000 euros.Says, following the approval of the investment project, it will also be issuing a convertible bond for maximum nominal 35,000,000 euros, with a 10-year duration, with annual interest of 4.25 pct.Says the bond's characteristics are in-line with the HI Real convertibile 8 pct 2014-2019 con facolta di rimborso anticipato in azioni bond.

Temple Hotels Inc announces acquisition of two Days Inn hotels in Thunder Bay, Ontario

Wednesday, 11 Jun 2014 01:46pm EDT

Temple Hotels Inc:Agrees to acquire two hotel properties in Thunder Bay, Ontario for an aggregate purchase price of $26.5 mln, subject to customary closing costs and adjustments.

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