Hotels, Motels & Cruise Lines
Keck Seng Investments (Hong Kong) Ltd:Says KSSF Enterprises Ltd., a wholly owned subsidiary of the company, has agreed to buy and the West 44th Street OwnerCo, LLC has agreed to sell the Hotel Property, located in New York City, New York, United States, at the Purchase Price of US$273,000,000 (HK$2,115,750,000).Hotel facility located at 45 West 44th Street, New York City, New York, United States.
Pyramisa Hotels and Resorts SAE:Acquires a plot of land measuring 2,800 square meters, for a total value of 8.819 million Dirhams in Dubai, for the purpose of establishing a tourist hotel.
Northampton Group Inc:Says that it has entered into an arrangement agreement pursuant to which 2425138 Ontario Inc. a company controlled by Deepak Ruparell, will acquire, by way of a court-approved plan of arrangement, all of the outstanding common shares and preference shares of Northampton.Says based upon the consideration, the total value of 100 pct. of the currently issued and outstanding Common Shares and Preference Shares is about $37.7 million.Says 2425138 Ontario Inc and Deepak Ruparell currently own 3,922,550 Common Shares representing about 15 pct. of the outstanding Common Shares.
Hyatt Hotels Corp:Says that a wholly owned Hyatt subsidiary acquired 100 percent of the 210-room Park Hyatt New York for about $390 million, inclusive of pre-opening and related costs.Park Hyatt New York is expected to open later this month.
Peru Holding de Turismo SAA:Presents project of merger with Peru Hotel.Under terms of project Peru Holding de Turismo to absorb Peru Hotel with all its assets, liabilities, licenses and contracts, among others.Peru Hotel to be dissolved without liquidation.
China Investments Holdings Ltd's Nanhai Canmanage announces delay in completion of acquisition of properties
China Investments Holdings Ltd:Refers to the announcement made on Sept. 16, in relation to acquisition of the 98 office units situated at Block 1 of Guangdong-Hongkong Finance & Technology Park, Foshan City, Guangdong Province, the PRC, by Nanhai Canmanage (a subsidiary of the Company) from Nanhai Chengye.As disclosed in the circular, completion of the acquisition is expected to take place before July 31.Nanhai Chengye has informed Nanhai Canmanage that since the municipal public works surrounding the Properties have not been completed, including water supply has not be connected as scheduled, the construction completion schedule has been delayed to no later than Dec. 31.It is currently expected that completion of the acquisition will be postponed to before Dec. 31.
RESORTTRUST INC:Wholly owned subsidiary Resorttrust Hawaii, LLC to acquire hotel and resort located in Honolulu, Hawaii, from Kahala Hotel Investors, LLC.Transaction amount is about $300 million or about 30.6 bln yen.Transaction effective on Sep. 30.
Mahindra Holidays and Resorts India Ltd:Says Covington S.a.r.l, Luxembourg, has become a wholly owned subsidiary of the company consequent to acquisition of 100 pct stake in Covington by the Company's wholly owned subsidiary MHR Holdings (Mauritius) Ltd, with effect from July 17.