Edition:
United States

Hotels, Motels & Cruise Lines

Page 1

MSD Partners Writes to Independent Directors on Millennium & Copthorne Hotels deal

8:08am EST

Dec 14 (Reuters) - MSD Partners LP::MSD PARTNERS LP SAYS ‍LETTER WAS PROVIDED BY SHAREHOLDERS IN MILLENNIUM & COPTHORNE HOTELS PLC TO INDEPENDENT COMMITTEE OF BOARD OF DIRECTORS​."WE WILL NOT TENDER OUR SHARES INTO THIS UNATTRACTIVE OFFER AT ANY TIME TO HELP CDL REACH ACCEPTANCE THRESHOLD OF ITS OFFER".MSD PARTNERS LP SAYS ‍CURRENT OFFER, WHICH IS A FINAL OFFER, FROM CDL "REMAINS HIGHLY OPPORTUNISTIC AND SIGNIFICANTLY UNDERVALUES M&C​".LETTER RAISES CONCERN OVER "INADEQUATE REPRESENTATION OF SHAREHOLDER INTERESTS BY INDEPENDENT COMMITTEE".LETTER RAISES CONCERNS OVER "CORPORATE GOVERNANCE ISSUES THAT CDL OFFER HAS HIGHLIGHTED".M&C HAS "EXCELLENT PROSPECTS" AS STANDALONE BUSINESS; "SHOULD SEEK TO MAXIMIZE SHAREHOLDER VALUE".

India's Viceroy Hotels Sept-Qtr Loss Widens

7:21am EST

Dec 14 (Reuters) - Viceroy Hotels Ltd ::SEPT QUARTER NET LOSS 48.3 MILLION RUPEES VERSUS LOSS 22.6 MILLION RUPEES YEAR AGO.SEPT QUARTER INCOME FROM OPERATIONS 200.8 MILLION RUPEES VERSUS 197.4 MILLION RUPEES YEAR AGO.

Tallink Grupp As Says Completes Sale Of Superfast Vessels For Eur 133.5 Million

6:43am EST

Dec 14 (Reuters) - TALLINK GRUPP AS ::SAYS COMPLETES SALE OF SUPERFAST VESSELS FOR EUR 133.5 MILLION.

- Foxconn Technology units acquires stake in IDG Energy Investment Group for HK$297 mln respectively

Wednesday, 13 Dec 2017 08:28pm EST

Dec 14(Reuters) - Foxconn Technology Co Ltd <2354.TW>:Says Q-RUN Far East Corp, World Trade Trading Ltd, High Tempo International Ltd., Foxconn Technology Pte. Ltd and Q-Run Holding Ltd included five subsidiaries of the company acquired 297 million shares (4.9 percent stake) of IDG Energy Investment Group Ltd <<<0650.HK>>> respectively, for HK$297 million respectively .

Pandox Acquires Hotel Portfolio In The UK And Ireland

Wednesday, 13 Dec 2017 08:40am EST

Dec 13 (Reuters) - PANDOX AB ::(PUBL) ACQUIRES HOTEL PORTFOLIO IN THE UK AND IRELAND WITH FATTAL HOTELS GROUP AS OPERATING PARTNER.‍TOTAL ACQUISITION PRICE AMOUNTS TO MGBP 800 ON A DEBT FREE BASIS,​.‍TRANSACTION IS MADE WITH FATTAL HOTELS GROUP ("LEONARDO") AS OPERATING PARTNER​.- ‍ACQUISITION IS FULLY FINANCED BY A NEW BANK LOAN, EXISTING CREDIT FACILITIES AND A LOAN FROM LEONARDO OF MGBP 120.‍WHOLE CASH EARNINGS ARE EXPECTED TO INCREASE BY APPROXIMATELY MSEK 200 DURING 2018​.

Net Holding decides to merge with 10 private subsidiaries through takeover

Tuesday, 12 Dec 2017 02:29am EST

Dec 12 (Reuters) - NET HOLDING ::DECIDES TO MERGE WITH 10 PRIVATE SUBSIDIARIES THROUGH TAKEOVER IN ORDER TO CONSOLIDATE CORPORATE GOVERNANCE, TO REDUCE COSTS AND TO INCREASE EFFICIENCY .THE PAID-IN CAPITAL TO REMAIN UNCHANGED.

India's Sayaji Hotels Sept-Qtr Loss Narrows

Monday, 11 Dec 2017 08:05am EST

Dec 11 (Reuters) - Sayaji Hotels Ltd ::SEPT QUARTER LOSS 43.4 MILLION RUPEES VERSUS LOSS 66.5 MILLION RUPEES YEAR AGO.SEPT QUARTER REVENUE FROM OPERATIONS 344.7 MILLION RUPEES VERSUS 307.2 MILLION RUPEES YEAR AGO.

India's Supreme Holdings & Hospitality Posts Sept-Qtr Profit

Monday, 11 Dec 2017 07:16am EST

Dec 11 (Reuters) - Supreme Holdings & Hospitality (India) Ltd ::SEPT QUARTER PROFIT 4.1 MILLION RUPEES VERSUS LOSS 486,000 RUPEES YEAR AGO.SEPT QUARTER REVENUE FROM OPERATIONS 127.9 MILLION RUPEES.

Huatian Hotel Group to sell 51 pct stake in hotel management unit for 540 mln yuan

Monday, 11 Dec 2017 04:24am EST

Dec 11 (Reuters) - Huatian Hotel Group Co Ltd <000428.SZ>:Says it will sell 51 percent stake in Beijing-based wholly owned hotel management unit to a Hunan-based buyout fund, for 540 million yuan .

Lampsa Hellenic Hotels Completes Long-Term Lease Of Kings Palace Hotel With Duration Set At Thirty (30) Years

Friday, 8 Dec 2017 10:20am EST

Dec 8 (Reuters) - LAMPSA HELLENIC HOTELS ::SAYS COMPLETES LONG-TERM LEASE OF KINGS PALACE HOTEL WITH DURATION SET AT THIRTY (30) YEARS.SAYS ANNUAL RENT WAS SET AT EUR 1.2 MILLION PLUS 25 PERCENT OF THE TURNOVER DIFFERENCE.

Markets

  • Sectors
  • U.S.
  • Europe
  • Asia

Sector Summary