Hotels, Motels & Cruise Lines

FUJITA KANKO INC to establish subsidiary

FUJITA KANKO INC:To establish a wholly owned subsidiary based in Osaka, Japan on Jan. 30, 2015.New subsidiary to be engaged in wedding and restaurant businesses.New subsidiary to be capitalized at 10 million yen.

6:00am GMT

Safestay PLC announces placing to raise 3.3 mln pounds

Safestay PLC:Raises about 3.315 mln pounds (before expenses) by way of a placing by Westhouse Securities of 6,027,272 new ordinary shares of 1 pence each at a price of 55 pence per new ordinary share with institutional and other investors.New Ordinary Shares will represent about 31.3 pct. of the...

Wednesday, 17 Dec 2014

InterContinental Hotels Group to acquire Kimpton Hotels & Restaurants

InterContinental Hotels Group PLC:To acquire Kimpton Hotels & Restaurants for $430 mln in cash.Acquisition makes IHG the clear market leader in the boutique segment, the fastest growing segment in the industry.BofA Merrill Lynch acted as financial adviser to IHG.

Tuesday, 16 Dec 2014

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