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LVMH Moët Hennessy Louis Vuitton (LVMH.PA), the world’s leading luxury group and Belmond Ltd. (NYSE: BEL), owners, part-owners or managers of 46 luxury hotel, restaurant, train and river cruise properties, today jointly announced that they have entered into a definitive agreement for LVMH to acquire Belmond. LVMH is to acquire Belmond for $25.00 per Class A share in cash. This represents an equity value of $2.6 billion in a transaction with an enterprise value of $3.2 billion. In the twelve months ended S... |
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Addition of Alila, Destination, Joie de Vivre, Thompson and tommie brands expands Hyatt’s lifestyle and wellbeing offerings for high-end travelers worldwide Acquisition price revised to $405 million from $480 million; additional potential consideration revised to $96 million from $120 million Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has completed the previously announced acquisition of Two Roads Hospitality, a lifestyle hotel management company with a unique collection... |
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AccorHotels announces that today it filed with the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego) a notification concerning the intention to launch a Tender Offer together with a tender offer circular for the acquisition in cash of the 21,800,593 shares of Orbis it does not already own today, representing 47.31% of the share capital (the “Offer”). Orbis, which is headquartered in Warsaw, Poland, is the largest hotel operator in Central & Eastern Europe and the exclusive master franchisee of certain AccorHotels brands in the region. Its portfoli... |
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The historic hotel marks the company’s 3rd acquisition in the United Kingdom Katara Hospitality, Qatar Investment Authority’s hotel unit, a leading global hotel owner, developer and operator, announced the expansion of its global portfolio with the acquisition of JW Marriott G... |
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The world’s most famous hotel located in the heart of New York City Katara Hospitality, a leading global hotel owner, developer and operator based in Qatar, announced the expansion of its global portfolio with the acquisition of The Plaza, one of New York City’s most ... |
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Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation: “On July 26, 2018, Hyatt delivered a letter to the Board of Directors of NH Hotel Group in which we expressed our interest in pursuing a potential acquisition of NH Hotel Group with a separation of th... |
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Mark Hoplamazian, President and CEO, Hyatt Hotels Corporation: "Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders. In keeping with our growth strategy, we submitted a lett... |
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