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 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
Officials of the 123-room Château Élan Hotel & Conference Center today announced that the Shaner Hotel Group will take over operations of the hotel beginning Saturday, June 16.
Source: New feed
In his one-on-one meeting with North Korea’s Kim Jong Un in Singapore on Tuesday, President Trump showed the North Korean despot an iPad video of what his totalitarian, communist regime could be like if it gave up its nuclear weapons and ambitions.
Source: New feed
Key takeaways from this year’s South East Asia Hotel Investors’ Summit (SEAHIS) at the Westin Grande Sukhumvit Bangkok on May 14-15, which HVS proudly sponsored for the second consecutive year.
Source: New feed
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 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
AJ Capital Partners announced today that it has acquired the President Hotel Apartments, formerly Hotel President, in Palo Alto, California. The six-story building is located on University Avenue, in the heart of downtown Palo Alto.
Source: New feed
Polar Star Capital Partners, a new private equity firm based in Salt Lake City, UT, has announced the firm’s launch with its recent purchase of a controlling interest in Meridian Restaurants Unlimited, a leading 126 store franchisee in the Burger King system.
Source: New feed
urrently operating as the Ecorkhotel, Évora – Suites & Spa, the property is located on the plains of Portugal’s south-central Alentejo region, just a five-minute drive from the historic centre of Évora, a UNESCO World Heritage Site, and a one-hour drive from the capital Lisbon.
Source: New feed