Hotels, Motels & Cruise Lines
Millennium & Copthorne Hotels New Zealand Ltd announces acquisition of remaining shares in Kin Holdings Ltd
Millennium & Copthorne Hotels New Zealand Ltd:Completed acquisition from Tai Tak Holdings Pte Ltd (Tai Tak) of 38.7 pct. interest in KIN Holdings Limited (KIN Holdings) which MCK does not already own.KIN Holdings is currently the holding company for MCK's Australian operations and assets, which include residential units at Zenith Residences in Sydney and a sales office.Purchase price for acquisition of shares was NZ$31 million in cash, which is subject to a post completion adjustment relating to Tai Tak's 38.7 pct. share of adjusted net profit or loss (as applicable) of KIN Holdings in respect of period from Aug. 1, 2014, to Dec. 31, 2014.
Dalata Hotel Group PLC:Completed the acquisition of Whites Hotel Wexford and Pillo Hotel Galway.