Royal Caribbean Acquires 66.7% Equity Stake in Silversea Cruises

Royal Caribbean will acquire a 66.7% equity stake in Silversea Cruises based on an enterprise value of approximately $2 billion. The purchase price of the equity being acquired is approximately $1 billion. RCL plans to finance the purchase through debt.
Source: New feed

W Hotels to Return to Sydney in 2020

W Hotels Worldwide today announced its re-entry to the iconic harbour city with the signing of W Sydney. Built and developed by Grocon and funded by Greaton Group, W Sydney will make its debut in 2020.
Source: New feed