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

First Hyatt House Hotel Planned for Winnipeg, Manitoba

WINNIPEG, Manitoba (June 13, 2018) – Kothari Group and Hyatt today announced commencement of construction of a 135-room, six-story Hyatt House hotel in Winnipeg, Manitoba. Kothari Group will be…

Source: New feed

Dusit International to Open 10 New Properties over the Next 12 Month

Dusit International has announced its plans to open at least 10 new properties over the next 12 months across Bahrain, Bangladesh, Bhutan, China, Philippines, Qatar, Singapore and Vietnam – raising the number of Dusit-branded properties in operation to 37.
Source: New feed