Hotels, Motels & Cruise Lines

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GuocoLeisure Ltd announces dissolution of dormant subsidiary

Tuesday, 21 Oct 2014

GuocoLeisure Ltd:Announced voluntary dissolution of Thistle Hotels & Restaurants Ltd, a dormant subsidiary incorporated in the United Kingdom pursuant to a voluntary application for striking off.

Accor offers to transfer management of its Central European operations to Orbis

Tuesday, 21 Oct 2014

Accor SA:Says it submitted an offer to Orbis, a public company listed in Warsaw and 52.7 pct held by Accor, which would make Orbis its management platform for Central and Eastern Europe.Under the terms of the offer, which was approved by Accor’s board of directors, Orbis would take over all of the Group’s operations in the region, including in Poland, Hungary, the Czech Republic, Slovakia, Romania, Bulgaria and Macedonia.Orbis would have the capacity to develop all of Accor’s hotel brands in the region by exploiting a master license for all of the Group’s brands.Accor is inviting Orbis to acquire its operating subsidiaries in these countries.They include 38 existing hotels and 8 hotels currently in the pipeline.The amount of the considered transaction is 142 million euros.The offer provides for an exclusivity of negotiations until the end of November.

HL Global Enterprises Ltd announces liquidation of indirect majority holding subsidiary

Thursday, 21 Aug 2014

HL Global Enterprises Ltd:Says that LKN Construction Lanka (Private) Ltd, an indirect 75 pct owned subsidiary incorporated in Sri Lanka has been dissolved.

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