Hotels, Motels & Cruise Lines
Dalata Hotel Group PLC:Announces that it has agreed to acquire two hotels; the Clayton Hotel, Galway and Whites Hotel, Wexford, for a total consideration of 31.7 million Euros.Says the consideration is payable in cash.
Carlyle Group's Homair Investissement launches tender offer followed by squeeze-out for Homair Vacances
Homair Vacances SA:Says Carlyle Group's Homair Investissement launches tender offer followed by squeeze-out for its shares at 8.70 euros per share.Homair Investissement plans to delist Homair Vacances from Alternext.
Millennium & Copthorne Hotels PLC:Says that through a subsidiary it has completed, the acquisition of the freehold interest in the five-star hotel trading as the Boscolo Palace Roma and its related business.Says the property, which contains 87 luxury guest rooms and suites and is situated on Via Veneto in the heart of Rome, will be operated by M&C as the Grand Hotel Palace.
RESORTTRUST INC:Wholly owned subsidiary Resorttrust Hawaii, LLC to acquire hotel and resort located in Honolulu, Hawaii, from Kahala Hotel Investors, LLC that announced on July 31.Transaction amount is about $290 million or about 31.3 bln yen.Transaction effective on Oct. 14.
Kerry Properties Ltd (KPL):Connected transactions in relation to acquisition of further interests in Shangri-La Asia's subsidiary Shangri La International-hotels (kunming) ltd and entering into of new shareholders' agreement.Says KPCL, wholly-owned subsidiary of KPL, entered into sale and purchase agreement with MHL.KPCL agreed to purchase, sale shares and sale loans for an aggregate amount of about $8.4 mln.Says MHL will cease to be shareholder of Hk JVCO after completion, on Oct. 8.Maximum funding commitment to be contributed by JV parties to HK JVCO will be increased from 1.07 bln Yuan to 1.40 bln Yuan.KPL funded consideration from its internal cash reserves.
Carnival Corporation:Finalizes its land purchase in Almere, Netherlands, marking the official start of development for its training facility that will serve 6,500 deck and technical officers from all nine of its global cruise brands each year.
Club Mediterranee SA:Club Mediterranee's board have given a unanimous recommendation that its shareholders accept the improved takeover offer from Fosun International-Reuters.Fosun's Gaillon Invest II vehicle offered 22 euros a share for Club Med in September, outbidding a 21 euro offer from Italian tycoon Andrea Bonomi and valuing the French resort operator at 839 million euros.Club Med's board said in a statement on Oct. 6 that its members had all agreed to tender their shares to the latest Fosun offer.