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Hotels, Motels & Cruise Lines

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Genting Hong Kong updates on incident at Resorts World Manila

Wednesday, 21 Jun 2017 05:37am EDT

June 21 (Reuters) - Genting Hong Kong Ltd <0678.HK>:Noted incident on 2 june at resorts world manila, where a robbery/arson incident occurred resulting in a number of deaths and injuries.Board is closely monitoring aftermath and investigations of incident and will continue to assess its impact on co and its business.Resorts world manila is operated by travellers international hotel group, an associate of company.On 13 june, noted that Philippine Amusement And Gaming Corporation issued order suspending provisional license of travellers (associate) to operate gaming facilities.

Red Lion Hotels Q1 revenue $40 million

Monday, 8 May 2017 04:05pm EDT

May 8 (Reuters) - Red Lion Hotels Corp ::RLHC reports first quarter 2017 results.Q1 loss per share $0.18.Q1 revenue $40 million.Red Lion Hotels Corp says franchise revenue in quarter rose to $10.9 million from $3.3 million in Q1 of 2016.Red Lion Hotels Corp says Q1 total hotel division revenue increased to $25.6 million from $25.3 million year over year.

Wyndham Worldwide Q1 adjusted earnings per share $1.14

Wednesday, 26 Apr 2017 06:30am EDT

April 26 (Reuters) - Wyndham Worldwide Corp ::Wyndham Worldwide reports first quarter 2017 results.Q1 earnings per share $1.33.Q1 revenue $1.3 billion versus I/B/E/S view $1.32 billion.Q1 earnings per share view $1.10 -- Thomson Reuters I/B/E/S.Q1 adjusted earnings per share $1.14.Wyndham Worldwide Corp- Q1 domestic same-store revpar increased 1.7% compared with Q1 of 2016.Says welcomes Mike Brown as new CEO and president of vacation ownership business.Wyndham Worldwide Corp - qtrly in constant currency, total system-wide same-store revpar increased 2.2%.Reiterates revenues of approximately $5.80 billion to $5.95 billion for FY.Updates adjusted diluted eps to approximately $5.98 to $6.18 for FY.Updates adjusted net income to approximately $631 million to $652 million from $637 million to $658 million for FY.FY 2017 earnings per share view $6.20, revenue view $5.86 billion -- Thomson Reuters I/B/E/S.

Magnificent Hotel Investments updates on termination of asset purchase agreement

Sunday, 23 Apr 2017 08:26pm EDT

April 24 (Reuters) - Magnificent Hotel Investments Ltd <0201.HK>::Boards consider it is in best interests of companies not to proceed with acquisition.Boards of cos consider that termination of agreement will not have any material impact on business or financial position of co.Asset purchase agreement was terminated and deposits paid to vendors under asset purchase agreement will be refunded in full to purchaser.

GEM Services to dissolve unit GEM Technologies Hong Kong Limited

Thursday, 30 Mar 2017 04:23am EDT

GEM Services Inc <6525.TW>:Says it will dissolve its subsidiary GEM Technologies Hong Kong Limited.

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.

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