Edition:
United States

NH Hotel Group SA (NHH.MC)

NHH.MC on Madrid SE C.A.T.S.

6.07EUR
16 Feb 2018
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€0.05 (+0.83%)
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Latest Key Developments (Source: Significant Developments)

NH Hotels Declines Barcelo Offer
Wednesday, 10 Jan 2018 12:04pm EST 

Jan 10 (Reuters) - NH HOTEL GROUP SA ::BOARD SAYS DECLINES UNANIMOUSLY BARCELO OFFER.BOARD SAYS BARCELO OFFER REFUSAL DOES NOT IMPEDE ANALYZING OTHER STRATEGIC POSSIBILITIES IN FUTURE.BOARD SAYS BARCELO OFFER DOES NOT REFLECT VALUE OF NH OR CREATE VALUE APART FROM ITS INDEPENDENT PROJECT.BOARD SEES NEGATIVELY THE FACT THAT BARCELO BID FAILED TO OFFER CASH ALTERNATIVE OR SIMILAR LIQUIDITY EVENT FOR NH'S SHAREHOLDERS.  Full Article

NH Hotels Signs Sale And Lease Back Deal In Amsterdam, capital gain at 55 mln euros
Thursday, 28 Dec 2017 11:15am EST 

Dec 28 (Reuters) - NH HOTEL GROUP SA ::SAYS REACHES DEAL FOR SALE AND LEASE BACK OF REAL ESTATE PROPERTY IN AMSTERDAM WITH AGREED ASSET VALUE OF 155.5 MILLION EUROS‍​.SAYS NET CHASH INFLOW FROM TRANSACTION AMOUNTS TO 122.4 MILLION EUROS, CAPITAL GAIN AT 55 MILLION EUROS.  Full Article

NH Hotels To Adopt Final Decision On Interest Of Grupo Barcelo On Jan. 10
Wednesday, 20 Dec 2017 12:15pm EST 

Dec 20 (Reuters) - NH HOTEL GROUP SA ::SAYS BOARD HAS NOT TAKEN ANY DECISION ABOUT INTEREST OF GRUPO BARCELO AND CONTINUES ITS PROCESS OF ANALYSIS.SAYS AGREED TO HOLD EXTRAORDINARY MEETING OF BOARD ON JAN. 10 TO ADOPT FINAL RESOLUTION.  Full Article

Pandox Signs Lease Agreements In Brussels
Wednesday, 13 Dec 2017 06:20am EST 

Dec 13 (Reuters) - Pandox Ab ::(PUBL) SIGNS LEASE AGREEMENTS FOR HOTEL BLOOM! AND HOTEL BERLAYMONT IN BRUSSELS WITH NH HOTEL GROUP.‍SIGNED TWENTY-YEAR REVENUE-BASED LEASE AGREEMENTS WITH GUARANTEED MINIMUM RENT WITH NH HOTEL GROUP​.‍LEASE AGREEMENTS WILL TAKE EFFECT ON 1 FEBRUARY 2018​.  Full Article

Hesperia Restructures Debt With Santander Guaranteed By 9.1 Pct Of NH Hotels
Tuesday, 28 Nov 2017 01:51am EST 

Nov 28 (Reuters) - GRUPO INVERSOR HESPERIA SA::SAID ON MONDAY AMORTIZES 122.7 MILLION EURO LOAN WITH SANTANDER GUARANTEED BY 9.1 PCT STAKE OF NH HOTELS <<>>.HESPERIA SAYS SUBSCRIBES NEW FINANCING FOR 97.6 MILLION EUROS ALSO GUARANTEED WITH 9.1 PERCENT OF NH HOTELS.  Full Article

Barcelo proposes merger with NH Hotels with valuation at 7.08 euros/shr
Monday, 20 Nov 2017 05:50am EST 

Nov 20 (Reuters) - GRUPO BARCELO::BARCELO SENDS TO CNMV PROPOSAL SENT TO NH HOTELS <<>> FOR MERGER, SAYS SANTANDER TO ADVISE IN OPERATION‍​.BARCELO TRANSACTION PROPOSAL INCLUDES VALUATION OF NH HOTELS <<>> AT 7.08 EUROS/SHR‍​.BARCELO SAYS INTENDS TO KEEP NH HOTELS <<>> ON STOCK EXCHANGE, SEES POSSIBILITY FOR HEAD OFFICE TO BE LOCATED IN MADRID.BARCELO SAYS IS WILLING TO CONSIDER ALTERNATIVES REGARDING THE OPERATION WITH NH HOTELS <<>> IN ORDER TO FACILITATE IT.BARCELO SAYS NH <<>> PROPOSAL IS NOT BINDING AND IS SUBJECT TO DUE DILLIGENCE AND CNMV'S EXEMPTION FROM LAUNCHING TAKEOVER‍​.  Full Article

Spain's Barcelo says NH Hoteles merger proposal "very preliminary"
Monday, 20 Nov 2017 04:30am EST 

Nov 20 (Reuters) - Spain's Barcelo Group::Confirms it has approached NH Hoteles <<>> on a potential merger.Says proposal is "very preliminary".  Full Article

NH Hotel Group confirms merger proposal from Grupo Barcelo
Monday, 20 Nov 2017 03:09am EST 

Nov 20 (Reuters) - NH HOTELS GROUP SA ::SAYS CONFIRMS IT RECEIVED INTEREST FROM GRUPO BARCELO FOR THE MERGER‍​.SAYS GRUPO BARCELO TO CONTROL 60 PERCENT OF COMBINED GROUP ACCORDING TO PROPOSAL‍​.SAYS ITS STRATEGIC PLAN WITH INDEPENDENT GROWTH PROJECT REMAINS VALID.  Full Article

NH Hotel Group 9-month recurring EBITDA up 37 pct YoY
Wednesday, 15 Nov 2017 12:16pm EST 

Nov 15 (Reuters) - NH HOTEL GROUP SA ::9-MONTH RECURRING NET PROFIT 27.1 MILLION EUROS VERSUS 4.5 MILLION EUROS YEAR AGO.9-MONTH REVENUE 1.17 BILLION EUROS VERSUS 1.10 BILLION EUROS YEAR AGO.9-MONTH EBITDA BEFORE ONE-OFFS 170.4 MILLION EUROS VERSUS 124.6 MILLION EUROS YEAR AGO.9-MONTH REVPAR UP 9.5 PERCENT AT 68.1 EUROS VERSUS 62.1 EUROS YEAR AGO.9-MONTH OCCUPANCY RATE AT 71.2 PERCENT VERSUS 68.7 PERCENT YEAR AGO.SAYS CONFIRMS RECURRING EBITDA GUIDANCE FOR 2017 OF 230 MILLION EUROS‍​.SEES PRO-FORMA EBITDA OF ABOUT 300 MILLION EUROS AND RECURRING NET PROFIT OF ABOUT 100 MILLION EUROS IN 2019.‍​.  Full Article

HNA Group announces sale and repurchase agreement for 1.14 pct of NH Hotels shares
Monday, 6 Nov 2017 11:38am EST 

Nov 6 (Reuters) - HNA Group Co::FORMALIZES TROUGH ITS UNIT TANGLA SPAIN CONTRACT FOR SALE AND AGREEMENT OF REPURCHASE FOR SHARES OF NH HOLTELS <<>> WITH INSTITUTIONAL INVESTOR.UNDER CONTRACT WILL TRANSFER 1.14 PCT OF HN HOTELS SHARES.  Full Article

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China's HNA may face $2.4 billion cash shortfall in first quarter - source

SHANGHAI/BEIJING China's HNA Group has told creditors it faces a potential cash shortfall of at least 15 billion yuan ($2.4 billion) in the first quarter, even as the company moves to sell more assets and reduce its leverage. HNA representatives made the statement to major creditor banks at a meeting called by the provincial government last week in Haikou, one person with knowledge of the meeting said.It is the first time HNA has quantified the repayment problems it currently face