Vail Resorts, Inc. (NYSE: MTN) and Whistler Blackcomb Holdings, Inc. (TSX: WB) today announced that they have entered into a strategic business combination joining Whistler Blackcomb with Vail Resorts. Under the transaction, Vail Resorts would acquire 100 percent of the stock of Whistler Blackcomb, whose shareholders would receive C$17.50 per share in cash and 0.0975 shares of Vail Resorts common stock, for consideration having a total value of C$36.00 per share.
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The investment is for Ps. 67.0 million, plus Ps. 3.7 million in taxes, acquisition-related expenses and corresponding VAT expenses.
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Hospitality Ventures Management Group (HVMG) today announced it has formed a joint venture with True North Management Group of White Plains, N.Y., to acquire the 282-room Marriott Century Center in Atlanta, Ga., and the 226 two-room suite Hilton Phoenix Suites in Midtown Phoenix, Ariz.
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HMC Hotel Conveniently Located in the Pleasanton Business District near the Municipal Airport
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The company now boasts 6,346 rooms in its portfolio of select- and full-service hotels across the country.
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Hilton Worldwide (NYSE: HLT) and Baptist Health South Florida today announced the signing of a franchise license agreement to open Hilton Miami/Dadeland, a full service, 184-room hotel, on the Baptist Hospital campus in Miami, Florida.
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Update On China’s Ministry of Commerce Review Of Marriott And Starwood Merger
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IHG® announced the grand opening of InterContinental Beijing Sanlitun, which becomes the 37th hotel under the InterContinental® Hotels & Resorts brand in Greater China.
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Anything dubbed ‘world’s largest’ is sure to be over-the-top, but the $3.5 billion hotel under construction in Mecca is redefining extravagant.
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A NOVUM Style Hotel with more than 200 rooms is being developed at the Pragsattel. Construction will commence in mid-2017, and the hotel is scheduled to open in 2019.
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