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Hotels, Motels & Cruise Lines

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Orascom EGM approves proposal to delist Egyptian depositary receipts

Wednesday, 1 Mar 2017 06:00am EST

Orascom Development Holding AG :Extraordinary general meeting approves board of directors' proposal to delist Egyptian depositary receipts.

Shun Ho Property Investments announces sale and purchase agreement

Friday, 17 Feb 2017 05:24am EST

Shun Ho Property Investments Ltd <0219.HK> : Purchaser and vendor entered into sale and purchase agreement . Deal for consideration HK$1 billion . Kingslee S.A. as vendor and Houston Venture Limited as purchaser .Deal pursuant to which vendor has conditionally agreed to sell, sale shares, representing entire issued share capital of target co.

Millennium & Copthorne reports lower FY pretax profit of 108 mln stg

Friday, 17 Feb 2017 02:00am EST

Millennium & Copthorne Hotels Plc : Final results . Group REVPAR for 2016 increased by 6.6 pct to 76.71 stg (2015: 71.98 stg). . In constant currency, REVPAR fell by 2.3 pct. For Q4 of 2016, REVPAR in constant currency fell marginally. . Total revenue in reported currency for 2016 grew by 79 mln stg or 9.3 pct to 926 mln stg (2015: 847 mln stg). In constant currency, revenue was flat . Hotel revenue in constant currency declined by 2.3 to 814 mln stg in 2016 as a result of lower contributions from group's hotels in New York and Singapore. . Reported profit before tax for year decreased slightly by 0.9 pct to 108 mln stg (2015: 109 mln stg). . Recommends a final ordinary dividend of 5.66p per share, giving a total ordinary dividend for year of 7.74p per share. . In London, leisure business in q1 was impacted by Nov 2015 Paris terror attacks and in H2 trading was affected by reduced corporate business .Is taking steps to increase revenue and profit across estate, particularly in New York and Singapore..

ZH International enters deals to acquire two senior housing communities in the United States

Wednesday, 15 Feb 2017 04:07am EST

ZH International Holdings <0185.HK> : Ashr, an indirect 99.82%-owned subsidiary of company, and CBC Oxford Mckinney entered into Oxford Mckinney acquisition agreement . CBC Oxford Mckinney to sell, and Ashr to acquire, Oxford Grand Mckinney for an aggregate consideration of US$17.1 million .Oxford Derby has agreed to sell, and Ashr has agreed to acquire, Glen Carr House for a consideration of US$10.5 million.

Unimat Retirement Community to split business to unit; to sell the unit to Resorttrust Inc

Tuesday, 14 Feb 2017 01:00am EST

Unimat Retirement Community Co Ltd <9707.T> : Says co plans to transfer pay senior-care home and home-visit nursing business to its Shiga-based wholly owned unit on April 1 .Says Resorttrust Inc <4681.T> plans to buy entire 20 shares(100 percent stake) in the co's Shiga-based wholly owned unit from co, on April 1.

MBK to divest Cheonan factory into new wholly owned subsidiary

Monday, 16 Jan 2017 01:16am EST

MBK Co Ltd <159910.KQ> : Says it will divest Cheonan factory into a new wholly owned subsidiary named CMDL Co.,Ltd, to establish responsibility management system . Says the new subsidiary is engaged in OLED used organic material OEM manufacturing business .Expected divestiture date is March 2.

Hongkong and Shanghai Hotels announces non-binding heads of terms for London project<0045.HK>

Tuesday, 26 Jul 2016 04:57am EDT

Hongkong and Shanghai Hotels Ltd <0045.HK>: Hk&s hotels-non-binding heads of terms for London project . Peninsula London, LP entered into binding heads of terms to restructure current arrangement between parties . Peninsula London, LP will have full responsibility and control for development of London project upon completion of restructuring .

FUJITA KANKO to terminate operation of unit's office; expects extraordinary loss for Q1 of FY 2016

Thursday, 21 Apr 2016 02:00am EDT

FUJITA KANKO INC:Decides to terminate the operation in a Tokyo-based tourism firm managed by the company's Mie-based resort service unit, effective on Sep. 30.Says it expects an extraordinary loss of 462 million yen for Q1 of the fiscal year ending Dec. 2016.


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