hotels – Page 2 – 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

9Dec

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Travel

Minor Hotels to debut Anantara brand in Austria – Business Traveller

Minor Hotels will bring its luxury Anantara Hotels, Resorts & Spas brand to the Austrian capital of Vienna next year. Anantara Palais Hansen Vienna Hotel will open in March 2024 and is a rebranding of an existing Kempinski hotel which opened ten years ago. The hotel is located on Schottenring, part of the city’s Ring Boulevard, and occupies a listed palace built in 1873 by Theophil Hansen for Vienna World’s Exhibition. The 150-year-old building served as various municipal offices and cultural venues, before becoming a luxury hotel in 2013. The property is located close to several cultural and artistic attractions, with a nearby U-bahn station also connecting it with the rest of the city. The hotel will feature 152 “classically decorated” guest rooms and suites across three floors, in...

The Leela Palaces, Hotels And Resorts announces its foray into Northeast India

5Dec

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Travel

The Leela Palaces, Hotels And Resorts announces its foray into Northeast India

The Leela Palaces, Hotels and Resorts announced the signing of a management agreement for a 140-room hotel in Ranka in Sikkim, marking the foray of the brand into Northeast India. Owned by the SIBIN Group, the project Leela Sikkim is located approximately 10 kilometres from the capital city, on a 17-acre plot overlooking the Gangtok Hill. Slated to open in December 2026, The Leela Sikkim is set amidst the serene backdrop of the Himalayas and is poised to redefine the hospitality landscape of the region with its inspirational design, thoughtful programming and the brand’s renowned signature services. Commenting on the announcement, Anuraag Bhatnagar, Chief Executive Officer, The Leela Palaces, Hotels and Resorts said, “We are delighted to introduce The Leela brand into Northeast India wit...

Saudia Arabia’s PIF acquires 49 per cent stake in Rocco Forte Hotels – Business Traveller

5Dec

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Travel

Saudia Arabia’s PIF acquires 49 per cent stake in Rocco Forte Hotels – Business Traveller

Saudi Arabia’s Public Investment Fund has signed an agreement to take a 49 per cent stake in Rocco Forte Hotels, in a move which will see Italian company CDPE selling its stake in the hotel group. Rocco Forte Hotels was established in the 1990s by hotelier Sir Rocco Forte and his sister Olga Polizzi, and currently comprises 14 hotels and resorts and 20 private villas, with properties including Brown’s Hotel in London, The Charles Hotel in Munich, and The Balmoral in Edinburgh. The Forte family will retain majority ownership and control of the group, with Sir Rocco remaining as executive chairman and Olga as deputy chairman. Rocco Forte Hotels said that the investment “will include an element of primary equity which will accelerate the brand’s expansion in both existing and new global mar...

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

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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...

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

16Nov

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Travel

7 Hotels With Awesome Amenities

All-inclusive resorts can be a great thing, since you don't have to hand over your credit card every time you sit down for a meal or want to do an activity. If you've got your sights set on Hawaii for your next vacation, you'll need to look beyond traditional all-inclusive resorts and consider properties with amenities and optional add-ons like meals and parking to make it feel like an all-inclusive stay.Travelers can experience a Hawaiian resort while embracing all that this destination has to offer, from the authentic culture and traditions to the lush landscapes and natural wonders. Get ready to try the local food and meet the people who call these islands home.Does Hawaii have all-inclusive resorts?In Hawaii, you won't find traditional all-inclusive resorts like those in Mexico or the...

Minor Hotels to add three Paris properties – Business Traveller

12Nov

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Travel

Minor Hotels to add three Paris properties – Business Traveller

The hotels will join the group’s current portfolio of six French properties in Marseille, Lyon, Toulouse and Nice. Recent openings outside of France include NH Collection Milano CityLife, NH Collection Frankfurt Spin Towe, NH Collection Maldives Havodda Resort and NH Collection Dubai The Palm. Earlier this year NH Hotel Group and its majority shareholder Minor International outlined plans to open 50 new properties between now and the end of 2024, adding more than 10,000 rooms to the group’s portfolio. Minor International and NH Hotel Group to open 50 properties by end of 2024 Commenting on the news Dillip Rajakarier, CEO of Minor Hotels and Group CEO of parent company Minor International, said: “Our team has been searching for the right opportunities in this key market for some time, so...