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Hotels, Motels & Cruise Lines

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Orbis Resolves To Divide Its Activity Into Asset Light And Asset Heavy

Friday, 17 May 2019

May 17 (Reuters) - Orbis SA ::RESOLVES TO DIVIDE GROUP'S ACTIVITY INTO SERVICE PART AND HOTEL OWNERSHIP.SAYS IS TO DEMERGE ALL ASSETS RELATED TO SERVICE ACTIVITY.SAYS PLANS TO FOCUS ITS ACTIVITY ON HOTEL REAL ESTATE.

Formosa International Hotels says merger between units Silks Global Holdings and Silks Europe (BVI)

Thursday, 26 Jul 2018

July 26 (Reuters) - Formosa International Hotels Corp <2707.TW> ::Says merger between wholly owned unit Silks Global Holdings Limited and Silks Europe (BVI) Limited.Silks Global Holdings Limited will survive and Silks Europe (BVI) Limited will be dissolved after merger .Expected merger record date is Aug. 10.

Orascom Development Egypt Increases Free Float To 25 Pct

Monday, 16 Apr 2018

April 16 (Reuters) - ORASCOM DEVELOPMENT EGYPT ::ORASCOM DEVELOPMENT HOLDING SELLS 18.2 MILLION SHARES OF ORASCOM DEVELOPMENT EGYPT FOR EGP 608.4 MILLION.INCREASES ITS FREE FLOAT TO 25 PERCENT.THE SALE COMES AS PART OF CO'S STRATEGY TO ENHANCE THE LIQUIDITY OF STOCK.BOARD OF ODH HAS MADE IT CLEAR THAT IT HAS NO PLANS TO SELL DOWN ANY FURTHER STAKE SALE IN ODE IN FORESEEABLE FUTURE.

Orascom Development Egypt Increases Free Float To 25 Pct

Monday, 16 Apr 2018

April 16 (Reuters) - ORASCOM DEVELOPMENT EGYPT ::ORASCOM DEVELOPMENT HOLDING SELLS 18.2 MILLION SHARES OF ORASCOM DEVELOPMENT EGYPT FOR EGP 608.4 MILLION.INCREASES ITS FREE FLOAT TO 25 PERCENT.THE SALE COMES AS PART OF CO'S STRATEGY TO ENHANCE THE LIQUIDITY OF STOCK.BOARD OF ODH HAS MADE IT CLEAR THAT IT HAS NO PLANS TO SELL DOWN ANY FURTHER STAKE SALE IN ODE IN FORESEEABLE FUTURE.

Discovery World Corp Updates On Closure Of Boracay Island

Thursday, 5 Apr 2018

April 5 (Reuters) - Discovery World Corp ::CLOSURE OF BORACAY ISLAND SHALL HAVE SIGNIFICANT IMPACT ON CO’S OPERATIONS, BUSINESS AND FINANCIAL CONDITION.HAS ENOUGH LIQUID ASSETS TO SUSTAIN THE CLOSURE OF ITS RESORT IN BORACAY‍​.

Hyatt Configures Organization To Accelerate Growth

Thursday, 18 Jan 2018

Jan 18 (Reuters) - Hyatt Hotels Corp ::HYATT CONFIGURES ORGANIZATION TO ACCELERATE GROWTH.HYATT HOTELS CORP SAYS WILL REALIGN ITS CORPORATE LEADERSHIP TEAM AND OPERATIONS AND CHANGES ARE EXPECTED TO BE COMPLETED IN Q2 OF 2018.ALSO CONSOLIDATING MANAGED AND FRANCHISED HOTEL OPERATIONS AND OWNER RELATIONS INTO ONE PORTFOLIO​.LEGAL AND CORPORATE SERVICES PORTFOLIO IS ALSO BEING REALIGNED UNDER NEW LEADERSHIP​.TO FORM NEW COMMERCIAL SERVICES PORTFOLIO AT EXECUTIVE COMMITTEE LEVEL.AS A PART OF REALIGNMENT, TWO EXECUTIVES HAVE DECIDED TO TRANSITION OUT OF HYATT LATER IN 2018.TO COMBINE GUEST AND CUSTOMER ENGAGEMENT UNDER NEW CHIEF COMMERCIAL OFFICER.MARYAM BANIKARIM'S AND STEVE HAGGERTY'S POSITIONS WILL BE ELIMINATED UPON THEIR DEPARTURES​.GLOBAL CMO MARYAM BANIKARIM AND GLOBAL HEAD OF CAPITAL STRATEGY, FRANCHISING AND SELECT SERVICE STEVE HAGGERTY TO LEAVE CO.‍HAGGERTY WILL REMAIN AT HYATT AS A SPECIAL ADVISOR TO CEO THROUGH JULY​.

MBK decides to sell shares of Ad Me Tech

Monday, 18 Dec 2017

Dec 18 (Reuters) - MBK Co Ltd <3121.T> ::Says it decided to sell 175,000 shares in Ad Me Tech Co Ltd <<<7778.T>>>, cutting stake to 2.87 percent (115,000 shares) from 9.74 percent (390,000 shares) currently, on Dec. 19.Says the gain on sales of investment securities will be 27 million yen .

Huatian Hotel Group to dissolve Changsha-based hotel management unit

Monday, 20 Nov 2017

Nov 20(Reuters) - Huatian Hotel Group Co Ltd <000428.SZ>:Says co plans to dissolve co's Changsha-based wholly owned hotel management unit .

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