Edition:
United States

Hotels, Motels & Cruise Lines

Page 1

Compagnie Des Alpes: Q1 Revenue Increases To 133.2 Million Euros

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

6:30am 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

6:30am 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

6:30am 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

6:30am 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.

China Lodging Group reports 87 pct occupancy rate for leased and owned hotels in Q4

Tuesday, 16 Jan 2018 03:00am EST

Jan 16 (Reuters) - China Lodging Group Ltd ::CHINA LODGING GROUP, LIMITED ANNOUNCES ITS PRELIMINARY RESULTS FOR HOTEL OPERATION IN THE FOURTH QUARTER OF 2017.PRELIMINARY Q4 REVPAR FOR ‍LEASED AND OWNED HOTELS 219 RMB VERSUS 181 RMB A YEAR EARLIER ​.‍PRELIMINARY Q4 OCCUPANCY RATE FOR LEASED AND OWNED HOTELS 87 PERCENT VERSUS 86 PERCENT LAST YEAR ​.

Scandic Predicts Lower Earnings For Q4

Tuesday, 16 Jan 2018 01:30am EST

Jan 16 (Reuters) - Scandic Hotels Group Ab ::SCANDIC PREDICTS LOWER EARNINGS FOR THE FOURTH QUARTER.ESTIMATES THAT ADJUSTED EBITDA FOR Q4 2017 WILL BE AROUND 330 MSEK​.‍FOR Q4 OF 2016 ADJUSTED EBITDA AMOUNTED TO 392 MSEK ADJUSTED FOR A ONE-OFF GAIN OF 65 MSEK.​.‍DEVIATION IS EXPLAINED BY LOWER EARNINGS IN SWEDISH OPERATIONS AND ONE-TIME COSTS FOR CENTRAL FUNCTIONS​.‍ADJUSTED EBITDA FOR SCANDIC HOTELS' CENTRAL FUNCTIONS IS ESTIMATED TO AMOUNT TO APPROXIMATELY -140 MSEK FOR Q4​.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary