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Hotels, Motels & Cruise Lines

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Fujian Holdings Says ‍Wang Xiaowu Resigned As Chairman

Tuesday, 23 Jan 2018 05:23am EST

Jan 23 (Reuters) - Fujian Holdings Ltd <0181.HK>::‍ WANG XIAOWU HAS RESIGNED AS CHAIRMAN AND AN EXECUTIVE DIRECTOR​.LIU HONGJIAN HAS BEEN APPOINTED AS CHAIRMAN AND AN EXECUTIVE DIRECTOR.

India's Oriental Hotels Dec-Qtr Profit Falls

Tuesday, 23 Jan 2018 04:26am EST

Jan 23 (Reuters) - Oriental Hotels Ltd ::DEC QUARTER PROFIT 23.7 MILLION RUPEES VERSUS PROFIT 37.5 MILLION RUPEES YEAR AGO.DEC QUARTER REVENUE FROM OPERATIONS 925 MILLION RUPEES VERSUS 901.6 MILLION RUPEES YEAR AGO.

Compagnie Des Alpes: Q1 Revenue Increases To 133.2 Million Euros

Thursday, 18 Jan 2018 12:02pm EST

Jan 18 (Reuters) - COMPAGNIE DES ALPES SA ::Q1 REVENUE EUR 133.2 MILLION VERSUS EUR 131.8 MILLION (AT COMPARABLE BASIS) YEAR AGO.GROUP IS CONFIDENT IN THE REST OF THE SEASON‍​.

Wyndham Worldwide, La Quinta Announce Acquisition Agreement

Thursday, 18 Jan 2018 06:30am EST

Jan 18 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE AND LA QUINTA HOLDINGS ANNOUNCE ACQUISITION AGREEMENT.WYNDHAM WORLDWIDE CORP - DEAL FOR $1.95 BILLION IN CASH..WYNDHAM WORLDWIDE - WYNDHAM WORLDWIDE WILL ACQUIRE LA QUINTA'S HOTEL FRANCHISE AND HOTEL MANAGEMENT BUSINESSES.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, STOCKHOLDERS OF LA QUINTA WILL RECEIVE $8.40 PER SHARE IN CASH.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, CO WILL ALSO REPAY ABOUT $715 MILLION OF LA QUINTA DEBT NET OF CASH.WYNDHAM WORLDWIDE CORP - DEAL HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.WYNDHAM WORLDWIDE - IMMEDIATELY PRIOR TO SALE OF LA QUINTA TO CO, LA QUINTA WILL SPIN OFF ITS OWNED REAL ESTATE ASSETS INTO PUBLICLY-TRADED REIT.WYNDHAM WORLDWIDE - PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR EXPECTED DISTRIBUTION IN Q2 2018.WYNDHAM WORLDWIDE CORP - WYNDHAM WORLDWIDE'S PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR AN EXPECTED DISTRIBUTION IN Q2 OF 2018.WYNDHAM WORLDWIDE - SET ASIDE RESERVE OF $240 MILLION FOR ESTIMATED TAXES EXPECTED TO BE INCURRED DUE TO SPIN-OFF OF LA QUINTA'S OWNED REAL ESTATE ASSETS.

Wyndham Worldwide, La Quinta Announce Acquisition Agreement

Thursday, 18 Jan 2018 06:30am EST

Jan 18 (Reuters) - Wyndham Worldwide Corp ::WYNDHAM WORLDWIDE AND LA QUINTA HOLDINGS ANNOUNCE ACQUISITION AGREEMENT.WYNDHAM WORLDWIDE CORP - DEAL FOR $1.95 BILLION IN CASH..WYNDHAM WORLDWIDE - WYNDHAM WORLDWIDE WILL ACQUIRE LA QUINTA'S HOTEL FRANCHISE AND HOTEL MANAGEMENT BUSINESSES.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, STOCKHOLDERS OF LA QUINTA WILL RECEIVE $8.40 PER SHARE IN CASH.WYNDHAM WORLDWIDE CORP - UNDER TERMS OF AGREEMENT, CO WILL ALSO REPAY ABOUT $715 MILLION OF LA QUINTA DEBT NET OF CASH.WYNDHAM WORLDWIDE CORP - DEAL HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES.WYNDHAM WORLDWIDE - IMMEDIATELY PRIOR TO SALE OF LA QUINTA TO CO, LA QUINTA WILL SPIN OFF ITS OWNED REAL ESTATE ASSETS INTO PUBLICLY-TRADED REIT.WYNDHAM WORLDWIDE - PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR EXPECTED DISTRIBUTION IN Q2 2018.WYNDHAM WORLDWIDE CORP - WYNDHAM WORLDWIDE'S PLANNED SPIN-OFF OF WYNDHAM HOTEL GROUP REMAINS ON TRACK FOR AN EXPECTED DISTRIBUTION IN Q2 OF 2018.WYNDHAM WORLDWIDE - SET ASIDE RESERVE OF $240 MILLION FOR ESTIMATED TAXES EXPECTED TO BE INCURRED DUE TO SPIN-OFF OF LA QUINTA'S OWNED REAL ESTATE ASSETS.

La Quinta Names Keith Cline President And CEO Of Corepoint Lodging

Thursday, 18 Jan 2018 06:30am EST

Jan 18 (Reuters) - La Quinta Holdings Inc ::LA QUINTA HOLDINGS NAMES KEITH A. CLINE PRESIDENT AND CEO OF COREPOINT LODGING INC..LA QUINTA HOLDINGS - FORMAL SEARCH IS ONGOING FOR OTHER EXECUTIVE OFFICERS OF COREPOINT.

La Quinta Names Keith Cline President And CEO Of Corepoint Lodging

Thursday, 18 Jan 2018 06:30am EST

Jan 18 (Reuters) - La Quinta Holdings Inc ::LA QUINTA HOLDINGS NAMES KEITH A. CLINE PRESIDENT AND CEO OF COREPOINT LODGING INC..LA QUINTA HOLDINGS - FORMAL SEARCH IS ONGOING FOR OTHER EXECUTIVE OFFICERS OF COREPOINT.

Rezidor targets annual sales growth of 6-7 pct in 2018-2022 period

Wednesday, 17 Jan 2018 01:30am EST

Jan 17 (Reuters) - Rezidor ::REG-THE REZIDOR HOTEL GROUP ANNOUNCES ITS 5-YEAR OPERATING PLAN AT THE INVESTORS DAY.SAYS ‍BASED ON A THOROUGH DIAGNOSTIC AND ANALYSIS OF CURRENT PERFORMANCE AND FUTURE UPSIDE OF BUSINESS, REZIDOR AIMS TO DELIVER REVENUE GROWTH OF 6-7% ON AN ANNUAL BASIS​.SAYS ‍EBITDA MARGIN IS EXPECTED TO REACH 13-15% BY END OF 2022​.SAYS ‍AS INVESTMENTS ARE NEEDED TO SUCCESSFULLY ACHIEVE THESE TARGETS, PERFORMANCE WILL BE MODEST OVER PHASE 1 OF OPERATING PLAN (2018 - 2020) WHERE BASICS OF GROWTH WILL BE PUT IN PLACE​.SAYS ‍HIGHER GROWTH CAN BE EXPECTED BETWEEN YEAR 2021 - 2022​.SAYS ‍AS PART OF NEW GLOBAL BRAND ARCHITECTURE LAUNCH, REZIDOR WILL REPOSITION 30-35 OF ITS HOTELS WITH A TOTAL CAPEX OF EUR 140-150 MILLION​.SAYS ‍COMPANY WILL ALSO INVEST EUR 75-EUR 80 MILLION IN FIXTURES, FURNITURE AND EQUIPMENT (FF&E) AND KEY MONEY IN NEW HOTELS​.

Pierre et Vacances Q1 revenue Up At 306.7 Million Euros

Tuesday, 16 Jan 2018 11:41am EST

Jan 16 (Reuters) - Pierre Et Vacances Sa ::EXPECTING GROWTH IN TOURISM REVENUE IN Q2 2017/2018 RELATIVE TO Q2 OF THE PREVIOUS YEAR.Q1 REVENUE EUR 306.7 MILLION VERSUS EUR 290.9 MILLION YEAR AGO.PROPERTY DEVELOPMENT REVENUE IN Q2 2017/2018 SHOULD BE CLOSE TO LEVEL SEEN IN Q2 2016/2017.

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