Hotels/Motels – The News Desk

Choice Hotels Launches Hostile Bid for Wyndham

12Dec

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Money

Choice Hotels Launches Hostile Bid for Wyndham

Updated Dec. 12, 2023 7:05 am ETChoice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts, after repeatedly being rebuffed in its effort to strike a friendly deal.Choice on Tuesday unveiled what is called an exchange offer for Wyndham stock, appealing directly to its rival’s shareholders.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

29Nov

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World

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

One week before the NBA touches down in Las Vegas for the final of its inaugural In-Season Tournament, Sin City has forged another link to the hardwood. The family of the late casino mogul Sheldon Adelson has agreed to buy a majority stake in the Dallas Mavericks from entrepreneur Mark Cuban, a source familiar with the deal said Tuesday.Las Vegas Sands disclosed plans by Miriam Adelson, Sheldon Adelson’s widow, to sell an estimated $2 billion in stock in the company, which a regulatory filing said would be “used to fund the purchase of a majority interest in a professional sports franchise…subject to customary league approvals.” NBA reporter Marc Stein first reported that the franchise in question would be the Mavericks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87...

29Nov

By adminNo Comments

World

Mark Cuban Is Set to Sell Majority Stake in Dallas Mavericks to Adelson Family

One week before the NBA touches down in Las Vegas for the final of its inaugural In-Season Tournament, Sin City has forged another link to the hardwood. The family of the late casino mogul Sheldon Adelson has agreed to buy a majority stake in the Dallas Mavericks from entrepreneur Mark Cuban, a source familiar with the deal said Tuesday.Las Vegas Sands disclosed plans by Miriam Adelson, Sheldon Adelson’s widow, to sell an estimated $2 billion in stock in the company, which a regulatory filing said would be “used to fund the purchase of a majority interest in a professional sports franchise…subject to customary league approvals.” NBA reporter Marc Stein first reported that the franchise in question would be the Mavericks.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87...

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

21Nov

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World

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

21Nov

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Money

Wyndham Rebuffs Latest Takeover Attempt From Choice Hotels

Another bid by Choice Hotels to strike a deal with Wyndham Hotels & Resorts has fallen flat. After months of on-and-off talks for a deal that would unite two of the biggest budget hotel owners in the country, Wyndham’s board received a letter from Pat Pacious on Nov. 14, in which the Choice chief executive sought to restart negotiations and strike a deal with Wyndham before the end of the year, according to people familiar with the matter. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

A Beachfront Estate on a Carless Caribbean Island Asks $40 Million

10Nov

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World

A Beachfront Estate on a Carless Caribbean Island Asks $40 Million

Listen to article(2 minutes)Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert.A beachfront home on a private island north of Antigua is coming on the market for $40 million. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Las Vegas Strip Workers Reach Tentative Deal with Wynn Resorts

10Nov

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World

Las Vegas Strip Workers Reach Tentative Deal with Wynn Resorts

Unions representing Las Vegas Strip workers reached a tentative deal with Wynn Resorts for a new contract, averting a strike scheduled to start Friday morning.The Culinary and Bartenders unions said that with just three hours left before their early-morning strike deadline, Wynn tentatively agreed to a new five-year contract covering more than 5,000 employees at two Las Vegas properties.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Dating Apps Need to Rekindle Romance With Wall Street

6Nov

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World

Dating Apps Need to Rekindle Romance With Wall Street

Investors are swiping left on Bumble’s new chief. She shouldn’t take it too personally. The owner of the female-driven online dating app of the same name saw its share price slide about 5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the chief-executive officer role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

6Nov

By adminNo Comments

Money

Dating Apps Need to Rekindle Romance With Wall Street

Investors are swiping left on Bumble’s new chief. She shouldn’t take it too personally. The owner of the female-driven online dating app of the same name saw its share price slide about 5% on Monday morning after the company said that founder Whitney Wolfe Herd is stepping down from the chief-executive officer role. She will remain as executive chair, while Lidiane Jones will take over as CEO on Jan 2. She currently heads up Slack Technologies, where she became CEO almost a year ago under the ownership of Salesforce. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Choice Hotels Unveils $7.8 Billion Takeover Offer For Wyndham

17Oct

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Money

Choice Hotels Unveils $7.8 Billion Takeover Offer For Wyndham

Updated Oct. 17, 2023 12:22 pm ETChoice Hotels made public a $7.8 billion offer to buy Wyndham Hotels & Resorts, a bid to unite two of the biggest budget hotel owners in the country.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8