Hotels, Motels & Cruise Lines

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RESORTTRUST INC subsidiary postpones property acquisition

Tuesday, 30 Sep 2014

RESORTTRUST INC:Wholly owned subsidiary Resorttrust Hawaii, LLC to acquire hotel and resort located in Honolulu, Hawaii, from Kahala Hotel Investors, LLC.To postpone effective date of acquisition.

Carlyle Group's Homair Investissement acquires Homair Vacances parent Iliade

Thursday, 25 Sep 2014

Homair Vacances SA:Says Homair Investissement SAS, controlled by an investment fund advised by the Carlyle Group, has completed the acquisition of all the share capital of Iliade SAS.Says Iliade SAS, previously controlled by Montefiore Investment and Naxicap Partners, holds 82.93 pct of the shares in Homair Vacances.Says that following this agreement Homair Investissement has to acquire all Homair Vacances shares and warrants hold by associates of Iliade, representing 7.8 pct of Homair Vacances' share capital, and all other warrants issued by Homair Vacances.Says that following this operation, Homair Investissement holds 90.72 pct of share capital in Homair Vacances.Says Homair Investissement will launch a public tender offer followed by a squeeze-out for all shares in Homair Vacances, at a price of 8.70 euros per share.

Heng Fai Enterprises Ltd announces acquisition of orthopedic surgery centre by U.S.-listed REIT subsidiary

Friday, 19 Sep 2014

Heng Fai Enterprises Ltd:Says that on Sept. 17, Global Medical REIT Inc. (GMR), subsidiary of the company, has acquired an orthopedic surgery centre in Asheville, North Carolina, for $2.52 million (about HK$19.6 million).Acquisition was funded by about $0.8 million in cash and the remaining $1.7 million by bank borrowing.

Lantern Hotel Group announces hotel acquisitions

Tuesday, 16 Sep 2014

Lantern Hotel Group Ltd:Says that it has acquired Waterworks Hotel at Botany for A$8.25 mln.Says acquisition has been funded by drawing down on the company's main finance facility.Says that it has also agreed conditional terms to purchase Beaumont Exchange Hotel in Hamilton, Newcastle for A$9.25 mln.

Intrawest announces acquisition of remaining 50 pct of Blue Mountain Ski Resort

Friday, 12 Sep 2014

Intrawest Resorts Holdings Inc:Says it has negotiated and enters into definitive agreement to acquire 50 pct interest in Blue Mountain Ski Resort (Blue) that it does not already own from Blue Mountain Resorts Holdings Inc.Says for C$58.0 mln.

Fosun, Ardian and partners make Club Med counterbid-Reuters

Friday, 12 Sep 2014

Club Mediterranee SA:French private equity firm Ardian, Chinese conglomerate Fosun International, China's U-Tour and Portuguese insurer Fidelidade offer 22 euros per share for Club Mediterrane-Reuters.New offer, which values Club Med at 839 million euros, tops a 21 euro-per-share takeover bid from Global Resorts, controlled by Italian businessman Andrea Bonomi, which had valued Club Med at 790 million.Bonomi's bid closes on Sept. 19.The rival bidders expect their new offer to open by mid-October and to close before the end of November.

Cox & Kings Ltd's subsidiary announces sale of camping division to Homair Vacances

Thursday, 11 Sep 2014

Cox & Kings Ltd:Announces the sale of camping division of its subsidiary Holidaybreak Limited to Homair Vacances for a total consideration of 89.2 mln pounds has been completed.

Dalata Hotel Group PLC to acquire Tower Hotel

Tuesday, 9 Sep 2014

Dalata Hotel Group PLC:Has entered into agreement to acquire the Tower Hotel in Derry, Londonderry for a consideration of 4.375 million Euros.It is expected that the transaction will complete in Oct. 2014.The consideration is payable in cash.

Thomas Cook (India) Ltd's TCISIL acquires Sterling Holiday Resorts (India) Ltd

Monday, 8 Sep 2014

Thomas Cook (India) Ltd:Says pursuant to a purchase of 11,863,334 shares of Sterling Holiday Resorts (India) Ltd (SHRIL) at 98 Indian Rupees per share.TCISIL now holds about 53.48 pct of SHRIL and has now become a subsidiary.TCISIL is a wholly owned subsidiary of Thomas Cook India Ltd (TCIL).

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