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United Kingdom

NH Hotel Group SA (NHH.MC)

NHH.MC on Madrid SE C.A.T.S.

6.12EUR
23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

HNA Says Contracted JP Morgan And Benedetto To Review Its Shareholding In NH Hotels
Friday, 19 Jan 2018 

Jan 19 (Reuters) - HNA GROUP CO::CONTRACTED JP MORGAN, BENEDETTO, GARTLAND AND CO TO REVIEW ITS SHAREHOLDING IN NH HOTELS .REVIEW INCLUDES IDENTIFICATION OF POTENTIAL BUYERS OF ITS STAKE IN NH HOTELS .  Full Article

Spain's NH Hotels expects to beat 2018 EBITDA target of 260 mlns euros
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Spain's NH Hotels CEO Ramon Aragones: :Says expects to beat original 2018 core profit (EBITDA) target of 260 million euros ($318 million).Says expects dividend to rise to 0.15 euros per share in 2018 from 0.1 euros per share in 2017.Says expects payout to reach 50 percent of profit by 2019 .Says average daily rate (ADR) for its hotel rooms to rise to above 100 euros this year.ADR has risen 5.8 percent a year on average over the last four years to 96 euros in September 2017.  Full Article

NH Hotels Declines Barcelo Offer
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - NH HOTEL GROUP SA ::BOARD SAYS DECLINES UNANIMOUSLY BARCELO OFFER.BOARD SAYS BARCELO OFFER REFUSAL DOES NOT IMPEDE ANALYZING OTHER STRATEGIC POSSIBILITIES IN FUTURE.BOARD SAYS BARCELO OFFER DOES NOT REFLECT VALUE OF NH OR CREATE VALUE APART FROM ITS INDEPENDENT PROJECT.BOARD SEES NEGATIVELY THE FACT THAT BARCELO BID FAILED TO OFFER CASH ALTERNATIVE OR SIMILAR LIQUIDITY EVENT FOR NH'S SHAREHOLDERS.  Full Article

NH Hotels Signs Sale And Lease Back Deal In Amsterdam, capital gain at 55 mln euros
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - NH HOTEL GROUP SA ::SAYS REACHES DEAL FOR SALE AND LEASE BACK OF REAL ESTATE PROPERTY IN AMSTERDAM WITH AGREED ASSET VALUE OF 155.5 MILLION EUROS‍​.SAYS NET CHASH INFLOW FROM TRANSACTION AMOUNTS TO 122.4 MILLION EUROS, CAPITAL GAIN AT 55 MILLION EUROS.  Full Article

NH Hotels To Adopt Final Decision On Interest Of Grupo Barcelo On Jan. 10
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - NH HOTEL GROUP SA ::SAYS BOARD HAS NOT TAKEN ANY DECISION ABOUT INTEREST OF GRUPO BARCELO AND CONTINUES ITS PROCESS OF ANALYSIS.SAYS AGREED TO HOLD EXTRAORDINARY MEETING OF BOARD ON JAN. 10 TO ADOPT FINAL RESOLUTION.  Full Article

Pandox Signs Lease Agreements In Brussels
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Pandox Ab ::(PUBL) SIGNS LEASE AGREEMENTS FOR HOTEL BLOOM! AND HOTEL BERLAYMONT IN BRUSSELS WITH NH HOTEL GROUP.‍SIGNED TWENTY-YEAR REVENUE-BASED LEASE AGREEMENTS WITH GUARANTEED MINIMUM RENT WITH NH HOTEL GROUP​.‍LEASE AGREEMENTS WILL TAKE EFFECT ON 1 FEBRUARY 2018​.  Full Article

Hesperia Restructures Debt With Santander Guaranteed By 9.1 Pct Of NH Hotels
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - GRUPO INVERSOR HESPERIA SA::SAID ON MONDAY AMORTIZES 122.7 MILLION EURO LOAN WITH SANTANDER GUARANTEED BY 9.1 PCT STAKE OF NH HOTELS <<>>.HESPERIA SAYS SUBSCRIBES NEW FINANCING FOR 97.6 MILLION EUROS ALSO GUARANTEED WITH 9.1 PERCENT OF NH HOTELS.  Full Article

Barcelo proposes merger with NH Hotels with valuation at 7.08 euros/shr
Monday, 20 Nov 2017 

Nov 20 (Reuters) - GRUPO BARCELO::BARCELO SENDS TO CNMV PROPOSAL SENT TO NH HOTELS <<>> FOR MERGER, SAYS SANTANDER TO ADVISE IN OPERATION‍​.BARCELO TRANSACTION PROPOSAL INCLUDES VALUATION OF NH HOTELS <<>> AT 7.08 EUROS/SHR‍​.BARCELO SAYS INTENDS TO KEEP NH HOTELS <<>> ON STOCK EXCHANGE, SEES POSSIBILITY FOR HEAD OFFICE TO BE LOCATED IN MADRID.BARCELO SAYS IS WILLING TO CONSIDER ALTERNATIVES REGARDING THE OPERATION WITH NH HOTELS <<>> IN ORDER TO FACILITATE IT.BARCELO SAYS NH <<>> PROPOSAL IS NOT BINDING AND IS SUBJECT TO DUE DILLIGENCE AND CNMV'S EXEMPTION FROM LAUNCHING TAKEOVER‍​.  Full Article

Spain's Barcelo says NH Hoteles merger proposal "very preliminary"
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Spain's Barcelo Group::Confirms it has approached NH Hoteles <<>> on a potential merger.Says proposal is "very preliminary".  Full Article

NH Hotel Group confirms merger proposal from Grupo Barcelo
Monday, 20 Nov 2017 

Nov 20 (Reuters) - NH HOTELS GROUP SA ::SAYS CONFIRMS IT RECEIVED INTEREST FROM GRUPO BARCELO FOR THE MERGER‍​.SAYS GRUPO BARCELO TO CONTROL 60 PERCENT OF COMBINED GROUP ACCORDING TO PROPOSAL‍​.SAYS ITS STRATEGIC PLAN WITH INDEPENDENT GROWTH PROJECT REMAINS VALID.  Full Article

China conglomerates aim for reset in tighter credit environment

BEIJING More than a year ago, China abruptly shifted from a policy of providing its private conglomerates with cheap cash to push them to become global champions, and tightened capital controls and bank credit.