United Kingdom

Hotels, Motels & Cruise Lines

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Marriott International completes acquisition of Starwood Hotels & Resorts

Friday, 23 Sep 2016

Marriott International Inc - :Says completed its acquisition of starwood hotels & resorts worldwide inc.

Gooderson Leisure updates on sale of Sanrock Resort and conference centre

Wednesday, 21 Sep 2016

Gooderson Leisure Corporation Ltd : Update on sale of Sanrock Resort and conference centre .Initial conditions precedent to agreement have lapsed.

Pandox acquires Hilton Grand Place Brussels for EUR 55 mln

Wednesday, 21 Sep 2016

Pandox AB : Acquires Hilton Grand Place Brussels for 55 million euros ($61.23 million) . In addition, 3 million euros will be invested in room upgrades during 2017-2018 . Acquisition is expected to be completed during Q4 2016 .For 2017 the hotel is expected to contribute the equivalent of about 125 million Swedish crowns in revenue and 20 million crowns in cash earnings.

Hotel Leelaventure says co in talks with JM Financial Institutional Securities for sale of Chennai, Delhi hotels

Thursday, 15 Sep 2016

Hotel Leelaventure Ltd : JM Financial Institutional Securities and co in discussion with investors, parties for sale of Chennai and Delhi hotel . Co has not entered into any binding agreement with any investors/parties .

Morgans Hotel Group gets $2.75/share revised takeover proposal

Wednesday, 14 Sep 2016

Morgans Hotel Group Co : Morgans receives revised takeover proposal and will adjourn special meeting of stockholders to evaluate . "Letter reconfirms interest of Bidder V in pursuing an acquisition of common stock of Morgans for $2.75 per share" . As part of submission, Bidder V also furnished letter of intent from new potential financing source which indicated that financing source is prepared . Bidder V also provided to Morgans an executed non-disclosure agreement in form previously requested by company . "board noted that there are significant concerns with regard to certainty and timing of any potential transaction with Bidder V" . Board has not made, nor does currently propose to make, change in recommendation in favor of proposed merger with SBEEG Holdings, LLC .Bidder V says new potential financing source to provide up to $500 million in capital to support transaction.

Red Lion enters into definitive agreement to acquire Vantage Hospitality

Tuesday, 13 Sep 2016

Red Lion Hotels Corp: Red Lion Hotels Corporation enters into definitive agreement to acquire substantially all of vantage hospitality group . RLHC expects transaction to be earnings accretive in twelve months immediately following closing . Deal for initial aggregate price of $23 million in cash and 690,000 shares of company's common stock, which closed today at $6.96 per share . Additional aggregate compensation of up to $7 million in cash and an additional 690,000 shares may be earned .Additional consideration includes a $1 million minimum cash payment on first and second anniversaries.

APAC Resources says unit entered subscription agreement with Mulpha SPV<1104.HK>

Tuesday, 6 Sep 2016

Apac Resources Ltd <1104.HK>: Subscriber, a direct wholly-owned subsidiary of the company, entered into the subscription agreement . Subscription agreement to subscribe for the third loan note of nominal amount of US$20 million issued by the issuer . Subscriber is Apac Resources treasury management ; issuer is Mulpha SPV limited , guarantor is Mulpha International Bhd .

Carnival Corporation to build three new lng-powered cruise ships with Meyer Werft and Meyer Turku

Tuesday, 6 Sep 2016

Carnival Corporation : To Build Three New Lng Powered cruise ships with Meyer Werft and Meyer Turku . New ship for P&O Cruises UK will be built by Meyer Werft at its shipyard in Papenburg, Germany, with an expected delivery date in 2020 .Now has agreements in place to build seven lng-powered cruise ships across four of its 10 global cruise brands in coming years.


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