Hotels, Motels & Cruise Lines
Mexan Ltd:Says great regret for passing away of our chairman, Lun Chi Yim, in Hong Kong.Says appointment of Lun Yiu Kay Edwin as acting chairman.Board will proceed to make succession arrangements in due course.
Millennium & Copthorne Hotels PLC:Says its financial position remains strong and management's trading expectations for FY 2014 remain unchanged.
Accor SA:Announces acquisition of French start-up Wipolo, which has developed a “travel companion” app.
Diamond Resorts International Inc:Raises FY 2014 financial guidance.Expects FY 2014 pre-tax income in the range of $95.00 mln to $122.50 mln (prior $74.00 mln to $106.50 mln).FY 2014 pre-tax profit of $94.05 mln - Thomson Reuters I/B/E/S.
Marriott International Inc gives Q4 2014 EPS guidance in line with analysts' estimates; raises FY 2014 earnings guidance - Conference Call
Marriott International Inc:Expects Q4 2014 earnings per share of $0.62 to $0.66.Expects FY 2014 earnings per share of $2.48 to $2.52.Expects FY 2014 adjusted EBITDA to be total over $1.5 billion.Q4 2014 EPS of $0.64 - Thomson Reuters I/B/E/S.FY 2014 EBITDA of $1.5 billion and EPS of $2.51 - Thomson Reuters I/B/E/S.
Starwood Hotels & Resorts Worldwide Inc gives Q4 2014 earnings outlook below estimates; gives Q4, FY 2014 REVPAR outlook; lowers high end of prior FY 2014 EBITDA outlook; narrows FY 2014 EPS outlook
Starwood Hotels & Resorts Worldwide Inc:Expects Q4 2014 Adjusted EBITDA to be about $310 million to $320 million.Expects Q4 2014 REVPAR increases at Same-Store Company-Operated Hotels Worldwide of 3pct to 5pct in constant dollars.Expects Q4 2014 REVPAR increases at Same-Store Company Owned Hotels Worldwide of 3pct to 5pct in constant dollars.Expects Q4 2014 EPS to be about $0.73 to $0.77.Expects FY 2014 adjusted EBITDA to be about $1.215 billion to $1.225 billion.Expects FY 2014 REVPAR increases at Same-Store Company-Operated Hotels Worldwide of 5pct to 6pct in constant dollars.Expects FY 2014 REVPAR increases at Same-Store Owned Hotels Worldwide of 4pct to 6pct in constant dollars.Expects FY 2014 EPS before special items to be about $2.79 to $2.83.Q4 2014 EBITDA of $333 million and EPS of $0.78 - Thomson Reuters I/B/E/S.FY 2014 EBITDA of $1.232 billion and EPS of $2.84 - Thomson Reuters I/B/E/S.
Australian Dairy Farms Group:Says that Trustees Australia Ltd has an interest in 4,549,065 fully paid stapled securities of Australian Dairy Farms Group, representing 7.65 pct. of total voting power.Previously, Trustees Australia Ltd had an interest in 20,870,325 fully paid stapled securities of Australian Dairy Farms Group, representing 34.221 pct. of total voting power.
KACHIKAIHATSU CO LTD:To acquire 86.4 pct stake (3,801 shares) in a Tokyo-based company, which is engaged in hotel management, from a Japan-based company Seia, on Oct. 31.To hold 86.4 pct stake in target company.
GK Kosmos OAO:Dismisses Yury Evgenevich Khokhlov from the post of the chairman of the board of directors and appoints Luca Kola instead.Dismisses Giordano Borri from the post of general director and appoints to this post Vasily Vasilevich Platoshin.